Neurosurgery Surgical Power Tools Market To Reach $1.66 Billion By 2030

Neurosurgery Surgical Power Tools Market Growth & Trends

The global neurosurgery surgical power tools market size is anticipated to reach USD 1.66 billion by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.7% from 2024 to 2030. Increasing incidence of Traumatic Brain Injuries (TBI), Acquired Brain Injuries (ABI), other neurological disorders, and increasing adoption of minimally invasive neurosurgeries is anticipated to aid growth.

TBIs, which occur due to sports injuries or in serious car accidents, form one of the key factors expected impel growth. In the U.S., every year, around 2.6 million people suffer from TBI or similar type of brain injury. According to American Association of Neurosurgical Surgeons, in the U.S., around 1.7 million TBI cases are diagnosed each year. In addition, according to National Stroke Association, approximately 130,000 Americans die from stroke each year. In addition, TBI is a major concern among the geriatric population, with an increasing rate of death and hospitalization linked to it.

Technological advancements such as the Medtronic Stealth Station S8, which is a brand new tracking tool for neurosurgery systems, are driving the market. This system includes 3D cameras and electromagnetic sensors that enable enhanced tracking. It can easily connect to intrasurgical CT scanners and MRIs. Thus, growth can be attributed to the technological advancements and increasing adoption of minimally invasive procedures in neurosurgeries.

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Neurosurgery Surgical Power Tools Market Report Highlights

• Drill segment dominated the market and accounted for a share of 27.8% in 2023 due to its growing utilization in minimally invasive surgical operations. 

• Electric segment dominated the market and accounted for a share of 43.5% in 2023 due to their ability to work faster. 

• Battery-powered segment is expected to grow at the fastest CAGR of 4.3% over the forecast period due to their ergonomic design and higher efficiency than traditional tools. 

• North America neurosurgery surgical power tools market dominated the market in 2023. The market's growth can be attributed to the rise in brain injuries & other neurological disorders and the presence of experienced neurosurgeons.

Neurosurgery Surgical Power Tools Market Segmentation

Grand View Research has segmented the global neurosurgery surgical power tools market on the basis of type, power type and region:

Neurosurgery Surgical Power Tools Tool Type Outlook (Revenue, USD Million, 2018 - 2030)

• Drill

• Saw

• Reamer

• Others

Neurosurgery Surgical Power Tools Power Type Outlook (Revenue, USD Million, 2018 - 2030)

• Pneumatic

• Electric

• Battery-powered

Neurosurgery Surgical Power Tools Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Neurosurgery Surgical Power Tools Market

• B. Braun Melsungen AG

• Stryker

• Medtronic

• Zimmer Biomet.

• AYGUN

• KARL STORZ SE & Co. KG

• Johnson & Johnson Services, Inc.

• De Soutter Medical

• adeor medical AG.

• ACRA-CUT Inc.