Global Powered Surgical Instruments Market Size To Grow USD 3.10 Billion By 2030 | CAGR 3.51%

Global Powered Surgical Instruments Market Size To Worth USD 3.10 Billion By 2030

According to a research report published by Spherical Insights & Consulting, the Global Powered Surgical Instruments Market Size to Grow from USD 2.50 Billion in 2021 to USD 3.10 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 3.51% during the forecast period. 

Browse key industry insights spread across 210 pages with 110 market data tables and figures & charts from the report “Global Powered Surgical Instruments Market Size, Share, and COVID-19 Impact Analysis, By Product (Handpieces, Power Source & Control, Accessories), By Application (Plastic Surgery, Orthopedic, Cardiovascular Surgery), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030“ in detail along with the table of contents https://www.sphericalinsights.com/reports/powered-surgical-instruments-market

The prevalence of chronic diseases such diabetes, cancer, cardiovascular disease, and bone-related disorders is on the rise, which is driving the market. The need for these tools is also being driven by an ageing population and a greater awareness of their benefits. As a result of the growing demand for minimally invasive and non-invasive surgical techniques, the global market for powered surgical equipment is also growing. Powered Surgical Instruments are precision-engineered equipment used during surgical procedures. These instruments are used to improve surgical processes in a very effective and precise manner. These pieces of equipment are operated by electric or pneumatic power sources. Complex equipment that enhance the accuracy and dependability of crucial surgical procedures are known as powerful surgical instruments. These instruments are often used in orthopaedic, cardiovascular, neurosurgery, cosmetic restoration surgery, and other procedures for cutting, grinding, sculpting, shaving, and ultrasonic cell death. The market for powered surgical tools is expanding significantly as a result of an ageing population and an increase in illness incidence. The rise in health consciousness among the general public, as well as the increased use and adoption of arthroscopy and minimally invasive procedures, are what are driving the market's growth. The rise in medical tourism worldwide is another factor driving the growth of the global market for Powered Surgical Tools. The expansion of businesses is also expected to be aided by rising financial support and investments in the global healthcare industry. One example of a technological advancement that is influencing the expansion and development of businesses is the use of surgical robots. Issues with insufficient quality guarantees and payment troubles are a couple of the barriers preventing the market's growth. Moreover, problems like subpar quality control and ongoing financial pressure on healthcare providers are anticipated to restrain market expansion. The rise in medical tourism in developed countries is predicted to favour the global expansion of the Powered Surgical Tools Market.

The Handpiece Instruments holds the largest market share over the forecast period.

On the basis of product, the powered surgical instruments market is segmented into Handpieces, Power Source & Control, Accessories. Among these, the handpiece instruments segment holds the largest market share over the forecast period. The market segment is expected to hold onto its lead throughout the projection period due to features including increased power, better efficiency, lighter frames, and ease of use when compared to other instruments. Drilling systems, reamers, saws, staplers, shavers, and other handpiece tools are among the several varieties available. The power source & control sector consists of the categories of batteries, electric instruments, and pneumatic instruments. The market for accessories is made up of electrical and medical accessories.

The plastic surgery segment is witnessing the fastest market growth over the forecast period.

Based on the application, the global powered surgical instruments market is segmented into Plastic Surgery, Orthopedic, Cardiovascular Surgery. Due to increased consumer awareness of these options, social media's propensity to promote cosmetic treatments, an increase in traffic accidents, and an ageing population, the plastic surgery segment is expected to grow at the fastest rate of all throughout the projection period. Moreover, new product releases, mergers and acquisitions, improvements in imaging technology, and favourable reimbursement policies are anticipated to fuel market expansion.

North America dominates the market with the largest market share over the forecast period.

North America dominates the market with the largest market share over the forecast period. The growth of the region has increased due to the liberal reimbursement regulation, strong presence of the market leaders in the area as well as the government initiatives which improve the use of highly advanced power equipment for training sessions and surgical processes for doctors.

Recent Developments:

• In September 2021, In order to provide intelligent and automatic control over tissue compression, transection, and resection for gastrointestinal (including bariatric), thoracic, colorectal, oncology, gynecologic, and other open and laparoscopic surgical procedures, Panther Healthcare introduced the Smart Powered Stapler platform.

• In March 2021, The ECHELON+ Stapler with GST Reloads, a new powered surgical stapler created to improve staple line security and lessen complications through more uniform tissue compression and improved staple creation, has been released globally by Ethicon.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global Powered Surgical Instruments market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players

• Peter Brasseler Holdings, LLC
• Zimmer Holdings
• B. Braun Melsungen AG
• CONMED Corporation
• Johnson & Johnson
• Medtronic, Inc.
• Stryker Corporation
• Smith & Nephew
• Desoutter Medical Ltd

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 2019 to 2030. Spherical Insights has segmented the global Powered Surgical Instruments market based on the below-mentioned segments:

Powered Surgical Instruments Market, By Product

• Handpieces
• Power Source & Control
• Accessories

Powered Surgical Instruments Market, By Application

• Plastic Surgery
• Orthopedic
• Cardiovascular Surgery

Powered Surgical Instruments Market, 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 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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