The Latin America, Middle East and Africa Surgical Power Tools Market would 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.
Free Valuable Insights: The Worldwide Surgical Power Tools Market is Projected to reach USD 2.8 Billion by 2028, at a CAGR of 4.6%
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.
By Technology
By Application
By End User
By Product
By Country
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