Global Surgical Torque Limiter Market Size To Worth USD 2.56 Billion By 2033 | CAGR of 5.08%
Category: HealthcareGlobal Surgical Torque Limiter Market Size To Worth USD 2.56 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Surgical Torque Limiter Market Size is Expected to Grow from USD 1.56 Billion in 2023 to USD 2.56 Billion by 2033, at a CAGR of 5.08% during the forecast period 2023-2033.
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Browse key industry insights spread across 220 pages with 120 Market data tables and figures & charts from the report on the "Global Surgical Torque Limiter Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Manual Torque Limiters and Automatic Torque Limiters), By Application (Orthopedic Surgery, Neurosurgery, and General Surgery), By End User (Hospitals, Ambulatory Surgical Centers, and Specialty Clinics), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/surgical-torque-limiter-market
A surgical torque limiter is a small device that secures to a power tool or surgical instrument to the amount of torque used for surgery. When tightening orthopedic screws, this helps surgeons in applying the proper torque. Different sizes, forms, and torque ranges are available for surgical torque limiters. The possibility of overtightening locking screws and making implants removed decreased by using a torque limiter. The mechanical stability of locked screws can be jeopardized by loose or off-axis screws. Surgical torque limiters are essential to MIS treatments due to the precisely regulate the torque applied to surgical tools, reducing the possibility of problems and tissue injury. The need for surgical torque limiters is anticipated to be driven by the increasing use of MIS. The growing need for less invasive surgeries, the increasing frequency of surgical procedures, and technological developments in surgical equipment are all driving the significant growth in the torque limiter market. However, the growth in the surgical torque limiter market can be restricted by regional differences in healthcare facilities and regulatory frameworks.
The manual torque limiters segment is predicted to hold the greatest market share through the forecast period.
Based on the product type, the surgical torque limiter market is classified into manual torque limiters and automatic torque limiters. Among these, the manual torque limiters segment is predicted to hold the greatest market share through the forecast period. Manual torque limiters are designed for surgical groups that actively control torque during procedures.
The orthopedic surgery segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the surgical torque limiter market is divided into orthopedic surgery, neurosurgery, and general surgery. Among these, the orthopedic surgery segment is anticipated to hold the greatest market share during the projected timeframe. Torque limiters are essential in orthopedic surgery for joint replacement and fracture repair procedures, where the stability and safety of the surgical result depend on the careful application of screws and other fixation devices.
The hospital segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the end user, the surgical torque limiter market is divided into hospitals, ambulatory surgical centers, and specialty clinics. Among these, the hospital segment is anticipated to hold the greatest market share during the projected timeframe. These limiters are used by surgical teams in hospitals to regulate the force used during procedures, reducing the possibility of complications related to invasive techniques.
North America is estimated to hold the largest share of the surgical torque limiter market over the forecast period.
North America is estimated to hold the largest share of the surgical torque limiter market over the forecast period. The high adoption rate of cutting-edge medical technologies and the abundance of hospitals and surgical centers in North America. This sector is expected to dominate the market due to the presence of major manufacturers and the strong inclination for minimally invasive procedures.
Asia Pacific is predicted to have the highest CAGR growth in the surgical torque limiter market over the forecast period. The APAC region is driven by increased healthcare costs and an increase in surgical operations in nations like China and India.
Major key players in the surgical torque limiter market include ECA Medical equipment, Smith & Nephew, Olympus Corporation, Intuitive Surgical Inc., Medtronic, Zimmer Biomet, Aesculap Inc., Johnson & Johnson, Arthrex Inc., Stryker Corporation, ConMed Corporation, and Others.
Recent Developments
- In March 2022, ECA Medical Equipment announced its new line of precision torque-limiting single-procedure equipment, TruTORQ and TruPWR. Ergonomic by design, the TruTORQ hand-operated torque limiter series has all the common handle designs and connectors, including industry-standard ¼ sq and AO for easy connection with customer drivers and shafts.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the surgical torque limiter market based on the below-mentioned segments:
Global Surgical Torque Limiter Market, By Product Type
- Manual Torque Limiters
- Automatic Torque Limiters
Global Surgical Torque Limiter Market, By Application
- Orthopedic Surgery
- Neurosurgery
- General Surgery
Global Surgical Torque Limiter Market, By End User
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
Global Surgical Torque Limiter Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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