The Latin America, Middle East and Africa Surgical Power Tools Market should witness market growth of 8.5% CAGR during the forecast period (2022-2028).
The development of brushless motors equipped with cutting-edge sensors has improved reliability and provided finer levels of operator control for surgical power tools. The improved battery life and decreased procedure costs are also benefits of surgical power tools' enhanced precision. Hence, the usage of surgical power tools in various surgical operations has increased due to technical improvements. Market expansion is also fueled by key companies' growing investments in creating and introducing novel goods. The prevalence of neurological conditions among the elderly has increased, increasing the burden of conditions and driving up the need for neurosurgeries.
In minimally invasive neurosurgical procedures, surgical power tools are frequently used. In turn, this increased the need for surgical power tools. The market is also expected to rise due to rising demand for minimally invasive neurosurgeries in developing nations due to the increased use of cutting-edge surgical tools, the presence of competent healthcare professionals, and rising investments by key market players. Furthermore, surgical power tools are the favored option for neurological surgeries because of their high precision, increased reliability, and simplicity of use.
The United Arab Emirates (UAE) healthcare sector is a significant driver of the country's economic expansion. Due to escalating healthcare prices in western nations and the absence of insurance coverage for particular procedures like dermatology, dentistry, and orthopedics, the UAE has become a popular choice for westerners seeking medical care. Around 350,118 tourists traveled to the area in 2019 for medical purposes, according to the Dubai Global Trade Center. The area's medical facility is considered the sixth best in the world. This is expected to promote market expansion for regional surgical power tools in the upcoming years.
The Brazil market dominated the LAMEA Surgical Power Tools Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $59.1 million by 2028. The Argentina market is experiencing a CAGR of 9.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 8.3% during (2022-2028).
Based on Technology, the market is segmented into Electric Operated, Battery Operated, and Pneumatic Operated. Based on Application, the market is segmented into Orthopedic Surgery, Cardiothoracic Surgery, Spine & Neuro Surgery, and Others. Based on End-user, the market is segmented into Hospitals, Clinics, Ambulatory Surgical Centers, and Others. Based on Product, the market is segmented into Surgical Drill, Surgical Saw, Accessories, Power Source, and Reamer. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arthrex, Inc., B. Braun Melsungen AG (Aesculap, Inc.), ConMed Corporation, Johnson & Johnson, Medtronic PLC, Stryker Corporation, Zimmer Biomet Holdings, Inc., Nouvag AG, American Precision Industries, Inc. (Altra Industrial Motion Corp.), and GPC Medical Ltd.
The development of brushless motors equipped with cutting-edge sensors has improved reliability and provided finer levels of operator control for surgical power tools. The improved battery life and decreased procedure costs are also benefits of surgical power tools' enhanced precision. Hence, the usage of surgical power tools in various surgical operations has increased due to technical improvements. Market expansion is also fueled by key companies' growing investments in creating and introducing novel goods. The prevalence of neurological conditions among the elderly has increased, increasing the burden of conditions and driving up the need for neurosurgeries.
In minimally invasive neurosurgical procedures, surgical power tools are frequently used. In turn, this increased the need for surgical power tools. The market is also expected to rise due to rising demand for minimally invasive neurosurgeries in developing nations due to the increased use of cutting-edge surgical tools, the presence of competent healthcare professionals, and rising investments by key market players. Furthermore, surgical power tools are the favored option for neurological surgeries because of their high precision, increased reliability, and simplicity of use.
The United Arab Emirates (UAE) healthcare sector is a significant driver of the country's economic expansion. Due to escalating healthcare prices in western nations and the absence of insurance coverage for particular procedures like dermatology, dentistry, and orthopedics, the UAE has become a popular choice for westerners seeking medical care. Around 350,118 tourists traveled to the area in 2019 for medical purposes, according to the Dubai Global Trade Center. The area's medical facility is considered the sixth best in the world. This is expected to promote market expansion for regional surgical power tools in the upcoming years.
The Brazil market dominated the LAMEA Surgical Power Tools Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $59.1 million by 2028. The Argentina market is experiencing a CAGR of 9.1% during (2022-2028). Additionally, The UAE market would display a CAGR of 8.3% during (2022-2028).
Based on Technology, the market is segmented into Electric Operated, Battery Operated, and Pneumatic Operated. Based on Application, the market is segmented into Orthopedic Surgery, Cardiothoracic Surgery, Spine & Neuro Surgery, and Others. Based on End-user, the market is segmented into Hospitals, Clinics, Ambulatory Surgical Centers, and Others. Based on Product, the market is segmented into Surgical Drill, Surgical Saw, Accessories, Power Source, and Reamer. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arthrex, Inc., B. Braun Melsungen AG (Aesculap, Inc.), ConMed Corporation, Johnson & Johnson, Medtronic PLC, Stryker Corporation, Zimmer Biomet Holdings, Inc., Nouvag AG, American Precision Industries, Inc. (Altra Industrial Motion Corp.), and GPC Medical Ltd.
Scope of the Study
By Technology
- Electric Operated
- Battery Operated
- Pneumatic Operated
By Application
- Orthopedic Surgery
- Cardiothoracic Surgery
- Spine & Neuro Surgery
- Others
By End-user
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
By Product
- Surgical Drill
- Surgical Saw
- Accessories
- Power Source
- Reamer
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Arthrex, Inc.
- B. Braun Melsungen AG (Aesculap, Inc.)
- ConMed Corporation
- Johnson & Johnson
- Medtronic PLC
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Nouvag AG
- American Precision Industries, Inc. (Altra Industrial Motion Corp.)
- GPC Medical Ltd.
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Surgical Power Tools Market by Technology
Chapter 5. LAMEA Surgical Power Tools Market by Application
Chapter 6. LAMEA Surgical Power Tools Market by End-user
Chapter 7. LAMEA Surgical Power Tools Market by Product
Chapter 8. LAMEA Surgical Power Tools Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Arthrex, Inc.
- B. Braun Melsungen AG (Aesculap, Inc.)
- ConMed Corporation
- Johnson & Johnson
- Medtronic PLC
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
- Nouvag AG
- American Precision Industries, Inc. (Altra Industrial Motion Corp.)
- GPC Medical Ltd.
Methodology
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About the Surgical Power Tool Market
The Surgical Power Tool market is a subset of the larger Surgical Devices market. It includes a variety of tools used in surgical procedures, such as drills, saws, and reamers. These tools are used to cut, shape, and remove tissue during surgery. They are typically powered by electricity, compressed air, or batteries. Surgical Power Tools are used in a variety of medical procedures, including orthopedic, cardiovascular, and neurosurgical procedures. They are designed to be precise and efficient, Read more
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