The surgical power tools market is likely to register significant gains by 2027, fostered by the growing geriatric population, rising prevalence of neurological disorders, escalating availability of wide range of surgical accessories, and increasing number of small bone surgeries.

Surgical power tools are commonly used in a number of surgical specialties such as podiatry, neurology, ophthalmology, orthopaedics, and dentistry. These tools generally depend on high performance mini motors for optimal surgical results. Numerous technological advancements in the field have made power tools operations minimally invasive, keeping tissue damage to a lowest, and recovery times much shorter.

The surgical power tools market is segmented in terms of product, technology, device type, application, and regional landscape.

Based on product, the market for surgical power tools is classified into accessories, disposable and handpiece. Accessories segment was valued at approximately $387 million in 2020 and is projected to show around 6.5% CAGR through the analysis timeline. The availability of wide range of accessories and their interchangeability, offering high versatility will drive segment growth.

With respect to technology the surgical power tools market is categorized into pneumatic power tools, battery-driven power tools, and electric-operated power tools. In 2020, the electric-operated power tools segment was valued at $763 million. The segment is also poised to grow at a CAGR of 6.4% over the assessment period. This growth is ascribed to the enhanced safety precautions including internal fuses to prevent any accidental injuries.

Talking of device type, the surgical power tools market is segmented into high speed drilling systems, small bone power tools, medium bone power tools, and large bone power tools. Among these, in 2020, the small bone power tools segment was valued at $420 million in 2020. The segment is expected to witness a market growth of 6.6% due to the increasing number of small bone surgeries and rising inclination of surgeons towards small bone power tools.

In terms of application, the overall market is bifurcated into cardiothoracic surgery, ENT surgery, dental surgery, neurology surgery, orthopedic surgery, and others. In 2020, the neurological surgery segment was valued at more than $199 million in 2020. The segment is projected to witness a 6.9% market growth over the coming time period owing to rising prevalence of neurological disorders around the globe.

On the geographical front, Middle East & Africa surgical power tools market was valued over $40 million in 2020 and will grow at a CAGR of more than 8.8% over the forecast time period. Growing geriatric population across the countries in the region will contribute towards regional market growth.