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 – 2030Industry: Healthcare
Global Powered Surgical Instruments Market Insights Forecasts to 2030
- The Powered Surgical Instruments Market Size was valued at USD 2.50 billion in 2021.
- The Worldwide Market Share is growing at a CAGR of 3.51% from 2022 to 2030
- The Global Powered Surgical Instruments Market Size is expected to reach USD 3.10 billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period
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The global Powered Surgical Instruments market is expected to reach USD 3.10 billion by 2030, at a CAGR of 3.51% during the forecast period 2022 to 2030. The market is being driven by the increased incidence of chronic diseases such diabetes, cancer, cardiovascular disease, and bone-related disorders. The demand for these instruments is also being fueled by an ageing population as well as a growing understanding of their advantages. The global market for powered surgical instruments is also expanding as a result of the rising demand for minimally invasive and non-invasive surgical procedures.
During surgical procedures, Powered Surgical Instruments are precision-engineered tools. These tools are used to enhance surgical procedures with great performance and precision. Electric or pneumatic power sources are used to operate these equipment. Powerful surgical instruments are intricate tools that improve the precision and dependability of critical surgical procedures. These tools are frequently used for cutting, grinding, sculpting, shaving, and ultrasonic cell destruction in orthopaedic, cardiovascular, neurosurgery, cosmetic restoration surgery, and other operations.
This research report categorizes the market for Powered Surgical Instruments market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Powered Surgical Instruments market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Powered Surgical Instruments market.
Global Powered Surgical Instruments Market Report Coverage
|Market Size in 2021:||USD 2.50 Billion|
|Forecast Period 2021-2030 CAGR:||3.51%|
|2030 Value Projection:||USD 3.10 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||199|
|Tables, Charts & Figures:||106|
|Segments covered:||By Product, By Application, By Region, COVID-19 Impact Analysis|
|Companies Covered:||Peter Brasseler Holdings, LLC, Zimmer Holdings, B. Braun Melsungen AG, CONMED Corporation, Johnson & Johnson, Medtronic, Inc., Stryker Corporation, Smith & Nephew, Desoutter Medical Ltd|
|Growth Drivers:||As a result of an ageing population and rising disease incidence, the market for Powered Surgical Tools is growing quickly.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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As a result of an ageing population and rising disease incidence, the market for Powered Surgical Tools is growing quickly. The expanding use and adaptation of arthroscopy and minimally invasive procedures, as well as rising health consciousness among the populace, are what are fueling the market's expansion. Another factor fueling the expansion of the global Powered Surgical Instruments Market is the rise in medical tourism around the world. Additionally, it is anticipated that increasing finance and investments in the global healthcare sector will support business expansion.
Surgical robots is one example of a technology development that is influencing the growth and development of businesses. Some of the obstacles impeding the market's expansion include issues with inadequate quality guarantees and payment issues. Moreover, issues including poor quality assurance and constant pressure to cut costs on healthcare providers are expected to limit market growth. The global expansion of the Powered Surgical Instruments Market is anticipated to benefit from the rising medical tourism in developed nations.
- In 2021, 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. Because of characteristics including greater power, better efficiency, lighter frames, and ease of use compared to other instruments, the market sector is expected to maintain its lead during the projection period. The several types of handpiece tools include drill systems, reamers, saws, staplers, shavers, and others. The batteries, electric instruments, and pneumatic instruments categories make up the power source & control sector. Electric and surgical accessories make up the accessories market.
- In 2021, 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. Among these, the plastic surgery is witnessing the fastest market growth over the forecast period due to increased knowledge of these choices, social media influence in favour of cosmetic procedures, an uptick in traffic accidents, and an ageing population. Moreover, advances in diagnosis techniques and imaging technology, new product launches, mergers and acquisitions, and advantageous reimbursement policies are predicted to fuel market expansion.
Regional Segment Analysis of the Powered Surgical Instruments Market
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- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
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. Favorable reimbursement rules, the local presence of major market participants, and government programmes that enhance access to sophisticated power equipment for surgical procedures & training sessions for physicians are important drivers of the region's growth.
- 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.
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
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
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
- Power Source & Control
Powered Surgical Instruments Market, By Application
- Plastic Surgery
- Cardiovascular Surgery
Powered Surgical Instruments Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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