The surgical power tools market continues to thrive, with technological advancements offering significant benefits. Innovations such as precision-guided systems and ergonomic designs enhance surgical procedures, ensuring greater accuracy and efficiency. These tools enable surgeons to easily perform intricate tasks, reducing operation times and minimizing patient trauma. Additionally, integrating smart features, such as real-time monitoring and feedback mechanisms, enhances safety and outcomes. As a result, healthcare providers experience improved patient care and reduced post-operative complications. The continuous evolution of surgical power tools underscores their pivotal role in modern healthcare, driving progress and delivering tangible benefits to medical professionals and patients.
The Global Surgical Power Tools Market size USD 1,763.10 million in 2020, is projected to reach USD 2,484.87 million by 2028, with a CAGR of 4.6% during the forecast period 2021 to 2028.
Below are the Top Five Surgical Power Tools Companies with a Significant Market Share:
|
Rank
|
Company
|
Overview
|
Product Portfolio
|
Sales Geographical Coverage
|
Developments
|
|
1.
|
DePuy Synthes
|
DePuy Synthes, a subsidiary of Johnson & Johnson, is a leader in orthopedic and neurosurgery medical devices. With a strong focus on innovation, they offer a comprehensive range of surgical power tools for various procedures, including drills, saws, and reamers. Their commitment to advancing surgical techniques and improving patient outcomes has solidified their position in the surgical power tools market.
|
|
America, Middle East and Africa, Europe, and Asia-Pacific
|
In June 2021, Johnson & Johnson Services, Inc. announced that DePuy Synthes had launched the 2.7 mm Variable Angle Locking Compression Plate (VA LCP ) Clavicle Plate System to treat lateral, shaft, and medial fractures for small, medium, and large clavicles. This will account for more data for an engineer to produce further products and increase the product pipeline.
|
|
2.
|
Stryker
|
Stryker Corporation is renowned for its innovative medical technologies across various specialties, including orthopedics, neurosurgery, and spine surgery. Their surgical power tools portfolio encompasses high-quality instruments designed for precision and efficiency in the operating room. With a reputation for excellence and a global presence, Stryker continues to shape the surgical power tools market landscape.
|
|
Asia, Australia, New Zealand, North and Latin America, Middle East and Africa, and Europe
|
In June 2021, Stryker announced their partnership with Texas Health Hospital Mansfield. The hospital will adopt the full suite of Stryker products to support their journey and avoid harming healthcare providers and patients in the operating room. This will help the company to increase sales in the future.
|
|
3.
|
Zimmer Biomet
|
Zimmer Biomet Holdings, Inc. is a global leader in musculoskeletal healthcare. They offer a diverse range of surgical power tools tailored to meet the needs of orthopedic surgeons and patients. Their commitment to research and development ensures that their tools are cutting-edge, facilitating improved surgical outcomes and patient recovery. Zimmer Biomet's strong presence in the surgical power tools market is a testament to its dedication to advancing orthopedic care worldwide.
|
|
Europe, Middle East and Africa, North America, South America, and Asia-Pacific
|
In December 2020, Zimmer Biomet announced that they had completed the acquisition of A&E Medical Corporation. This deal immaterially impacted the company's net earnings in 2020.
|
|
4.
|
Medtronic
|
Medtronic plc is a leading medical technology company known for its innovative healthcare solutions. Medtronic offers various advanced instruments designed to enhance surgical precision and efficiency in the surgical power tools market. Their commitment to continuous improvement and investment in research and development has enabled them to maintain a prominent position in the industry, providing surgeons with reliable tools to improve patient outcomes.
|
|
Europe, Middle East and Africa, North America, South America, and Asia-Pacific
|
In June 2021, Medtronic received the U.S. Food and Drug Administration (FDA) approval for Vanta, a high-performance recharge-free implantable neurostimulator (INS). The development has increased the product portfolio of available treatments.
|
|
5.
|
3M
|
3M Company, renowned for its diversified technology and innovation, offers a range of surgical power tools trusted by healthcare professionals worldwide. Their commitment to quality and patient safety drives the development of innovative tools designed to meet the evolving needs of surgeons. With a legacy of excellence spanning decades, 3M continues to play a significant role in shaping the landscape of the surgical power tools market, providing solutions that empower surgeons and enhance patient care
|
|
America, Middle East and Africa, Europe, Asia-Pacific
|
In June 2020, 3M announced that their Health Information Systems and Rad AI have teamed up to offer Rad AI’s advanced technology for generating customized radiology report impressions integrated with 3M Modal Fluency for Imaging, 3M’s complete radiology. This has increased their products and innovation.
|
Conclusion
In conclusion, the surgical power tools market is poised for substantial growth, driven by technological advancements and rising demand for minimally invasive procedures. With increasing surgical procedures worldwide, this sector has a significant opportunity for innovation and expansion. Leveraging advanced materials and ergonomic designs can further enhance efficiency and patient outcomes. As the healthcare landscape evolves, embracing these opportunities will be crucial for stakeholders to stay ahead in this dynamic market.
