North America surgical power tools market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.7% in the forecast period of 2021 to 2028 and is expected to reach USD 1,222.62 million by 2028 from USD 862.51 million in 2020. Technological advancements in multifunctional surgical power tools and increasing need for surgical power tools are the major drivers which propelled the demand of the market in the forecast period.
Surgical Power Tools Market Scope and Market Size
Surgical power tools market is categorized into six notable segments which are based on basis of product, technology, device type, application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the surgical power tools market is segmented into electric-operated power tools, pneumatic power tools, others. In 2021, the electric-operated power tools segment is expected to dominate the market as this instrument offers constant torque even with high resistance and higher load. Moreover, enhanced safety precautions associated with accidental injuries have been lowered by introducing electrically operated power tools, accelerating market growth. Electric-powered power tools do not produce any vibratory sensation, enhancing their demand in the market.
- On the basis of application, the surgical power tools market is segmented into orthopedic surgery, ENT surgery, neurology surgery, dental surgery, cardiothoracic surgery, others. In 2021, the orthopedic surgery segment is expected to dominate the market due to the rise in a number of sorts and road accidents and the high adoption of minimally-invasive surgical procedures.
- On the basis of distribution channel, the surgical power tools market is segmented into direct tenders and third party distribution. In 2021, direct tenders segment is expected to the market due to low cost device procurement and large dependence of hospitals among other end users on direct tenders.
Surgical Power Tools Market Country Level Analysis
The North America surgical power tools market is analysed and market size information is provided on basis of ten notable segments which are by product, technology, device type, application, end user and distribution channel.
The countries covered in the surgical power tools market report are U.S., Canada and Mexico.
North America is expected to dominate the surgical power tools market due to the increasing demand availability of surgical power tools and rising orthopedic surgeries. U.S. is expected to dominate in the market and leading the growth in the North America market as continuous as increasing demand and application of surgical power tools.
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Competitive Landscape and Surgical Power Tools Market Share Analysis
Surgical power tools market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to surgical power tools market.
Major Key Player Surgical Power Tools Market
The major companies providing surgical power tools are 3M, Medtronic, Stryker, Zimmer Biomet, DePuy Synthes (The Orthopedic company of Johnson Johnson Services, Inc.), CONMED Corporation, IMEDICOM, maxon, PUSM MEDICAL, Komet Medical among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Scope
- Chapter Three: Regional Analysis
- Chapter Four: Market Share Analysis
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https://www.databridgemarketresearch.com/toc/?dbmr=north-america-surgical-power-tools-market
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