Market Overview:
The Neurosurgery Surgical Power Tools Market is expected to grow from USD 1.32 billion in 2022 to USD 1.82 billion by 2030, at a CAGR of 4.10 % during the forecast period.
The purpose of neurosurgery surgical power tools, commonly referred to as operating lights or surgical headlights, is to aid medical personnel during surgery by illuminating the patient's operational site. This enables medical practitioners to carry out their duties more successfully. These lights are often used in hospitals' operating rooms and ambulatory care facilities. A grouping of various kinds of tiny surgical lights is referred to as a surgical light system. With the use of these lights, several surgical operations can also be performed in specialty clinics and emergency departments.
Top Key Players for Neurosurgery Surgical Power Tools Market:
Medtronic (Ireland), B. Braun Melsungen AG (Germany), Stryker (United States), Brainlab AG (Germany), Integra LifeSciences (United States), Scopis GmbH (Germany), Boston Scientific Corporation (United States), Elekta (Sweden), Cyberonics Inc. (United States), Micromar Ind. e Com. LTDA (Spain), Neuros Medical (United States), SPR Therapeutics (United States), Synapse Biomedical Inc. (United States), KARL STORZ (Germany), Abbott (United States), and Other Major Players
Market Dynamics and Factors for Neurosurgery Surgical Power Tools Market:
Drivers:
Increasing Number of Neurological Diseases
The increasing adoption of neurosurgery surgical power tools in end-user markets like hospitals and neurosurgical centers is driven by their proven effectiveness in critical operations such as craniotomies and skull-based surgeries. Moreover, the rising prevalence of neurological illnesses among the aging population has created a higher demand for advanced surgical tools to address these conditions. These factors collectively support the growth of the Neurosurgery Surgical Power Tools Market, as they highlight the tools' widespread utility and the necessity to meet the growing healthcare needs in neurosurgical interventions.
Increase in Technological Development
The opportunities in the neurosurgery surgical power tools market are driven by technological advancements and substantial investments from private players in research and development. This favorable environment opens up new growth prospects for the industry. Additionally, the increasing number of emerging markets and continuous new product launches create a conducive landscape for further expansion during the forecast period. These factors combined will enhance the market's potential, enabling improved surgical outcomes and enhancing the overall neurosurgery experience for patients and medical professionals alike.
Segmentation Analysis of the Neurosurgery Surgical Power Tools Market:
- By Product Type, The drills segment dominated the market. Because more minimally invasive surgical procedures are using it. During operations and craniotomies, the cranial drill, a tool for drilling burr holes to generate wider openings in the skull, is discussed. In general, drills can be categorized based on their uses and features. The electrical drill with rechargeable batteries falls under one of these categories.
- By Power Type, The electric segment is expected to dominate the market over the forecast period. Due to characteristics like faster speeds. Instruments like the Medtronic Midas Rex Legend Stylus, a surgical drill with a high torque capacity and a small size that makes it suitable for a variety of operations. The most difficult procedures are taken into consideration when designing power surgical equipment.
Regional Analysis of the Neurosurgery Surgical Power Tools Market:
The market for surgical power tools used in neurosurgery can be segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Due to the region's high adoption of innovative healthcare devices and the fast-paced development of the healthcare sector, North America held a significant portion of the global market. Additionally, the market for neurosurgery surgical power tools in North America is anticipated to grow over the course of the forecast period due to an increase in the frequency of neurological disorders and the presence of numerous manufacturers in the area.
Key Industry evelopment:
- In November 2019, The Midas Rex Legend Depth Stop System and the Stealth Autoguide System have been approved for pre-market distribution by Medtronic Inc., a leading American manufacturer of consumables and equipment.
