Powered Surgical Instrument Market Overview:
The global powered surgical instrument market was valued at $1,943 million in 2017 and is projected to reach $2,731 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. Powered surgical instruments are complex surgical devices that are technologically advanced and require careful handling. The emergence of these powered surgical devices has addressed the burgeoning demand for non-invasive or minimally invasive surgeries and reducing the time required for a surgical procedure. It has now become the standard for non-invasive surgeries. Moreover, it not only helps surgeons with consistent performance and functionality but also causes less trauma to tissues and surrounding structures.
The factors that drive the growth of the global powered surgical instrument market include rising healthcare expenditure, increasing prevalence of chronic diseases globally, and growing aging population. In addition, increasing volume of surgical procedures is expected to drive the market growth. However, pressure of reducing healthcare cost and lack of skilled personnel in the developing countries are projected to impede the market growth. On the contrary, growing medical tourism in developing countries is expected to provide lucrative opportunities for the market growth.
The global powered surgical instrument market is segmented based on product, power source, application, and region. On the basis of product, the market is segmented into handpieces, power source & controls, and accessories.
Handpieces segment is further divided into drill systems, reamer systems, saw systems, stapler, shavers, and others. Power source & controls segment is further divided into batteries, electric consoles, and pneumatic regulators.
Accessories segment is further divided into surgical accessories and electrical accessories. Depending on power source, the market is categorized into battery-powered instruments, pneumatic instruments, and electric instruments. Based on application, it is segregated into orthopedic surgery, neurosurgery, ENT surgery, cardiovascular surgery, cardiothoracic surgery, plastic surgery, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits for Powered Surgical Instrument Market:
This report provides a detailed quantitative analysis of the current market trends and future estimations from 2018 to 2025, which assists to identify the prevailing market opportunities.
An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the global powered surgical instrument market is provided in the report.
An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
Powered Surgical Instrument Key Market Segments:
By Product
Handpieces
Drill Systems
Reamer Systems
Saw Systems
Stapler
Shavers
Others
Power Source & Controls
Batteries
Electric Consoles
Pneumatic Regulators
Accessories
Surgical Accessories
Electrical Accessories
By Power Source
Battery-Powered Instruments
Pneumatic Instruments
Electric Instruments
By Application
Orthopedic Surgery
Neurosurgery
ENT Surgery
Cardiovascular Surgery
Cardiothoracic Surgery
Plastic Surgery
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Spain
Italy
UK
Rest of Europe
Asia-Pacific
Australia
Japan
India
China
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
AlloTech Co. Ltd.
Conmed Corporation
Depuy Synthes (J&J)
Medtronic Inc.
Stryker Corporation
Zimmer Biomet
adeor medical
Smith & Nephew PLC
B. Braun
MicroAire
The other players in the value chain include (profiles not included in the report):
Ethicon Inc
GEISTER Medizintechnik GmbH
Desoutter Medical Ltd
Peter Brasseler Holdings, LLC.
Ruijin Medical Instrument & Device Co., Ltd.
Intrauma S.p.A.
The global powered surgical instrument market was valued at $1,943 million in 2017 and is projected to reach $2,731 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. Powered surgical instruments are complex surgical devices that are technologically advanced and require careful handling. The emergence of these powered surgical devices has addressed the burgeoning demand for non-invasive or minimally invasive surgeries and reducing the time required for a surgical procedure. It has now become the standard for non-invasive surgeries. Moreover, it not only helps surgeons with consistent performance and functionality but also causes less trauma to tissues and surrounding structures.
The factors that drive the growth of the global powered surgical instrument market include rising healthcare expenditure, increasing prevalence of chronic diseases globally, and growing aging population. In addition, increasing volume of surgical procedures is expected to drive the market growth. However, pressure of reducing healthcare cost and lack of skilled personnel in the developing countries are projected to impede the market growth. On the contrary, growing medical tourism in developing countries is expected to provide lucrative opportunities for the market growth.
The global powered surgical instrument market is segmented based on product, power source, application, and region. On the basis of product, the market is segmented into handpieces, power source & controls, and accessories.
Handpieces segment is further divided into drill systems, reamer systems, saw systems, stapler, shavers, and others. Power source & controls segment is further divided into batteries, electric consoles, and pneumatic regulators.
Accessories segment is further divided into surgical accessories and electrical accessories. Depending on power source, the market is categorized into battery-powered instruments, pneumatic instruments, and electric instruments. Based on application, it is segregated into orthopedic surgery, neurosurgery, ENT surgery, cardiovascular surgery, cardiothoracic surgery, plastic surgery, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits for Powered Surgical Instrument Market:
This report provides a detailed quantitative analysis of the current market trends and future estimations from 2018 to 2025, which assists to identify the prevailing market opportunities.
An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
A comprehensive analysis of the factors that drive and restrain the growth of the global powered surgical instrument market is provided in the report.
An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
Powered Surgical Instrument Key Market Segments:
By Product
Handpieces
Drill Systems
Reamer Systems
Saw Systems
Stapler
Shavers
Others
Power Source & Controls
Batteries
Electric Consoles
Pneumatic Regulators
Accessories
Surgical Accessories
Electrical Accessories
By Power Source
Battery-Powered Instruments
Pneumatic Instruments
Electric Instruments
By Application
Orthopedic Surgery
Neurosurgery
ENT Surgery
Cardiovascular Surgery
Cardiothoracic Surgery
Plastic Surgery
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Spain
Italy
UK
Rest of Europe
Asia-Pacific
Australia
Japan
India
China
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
AlloTech Co. Ltd.
Conmed Corporation
Depuy Synthes (J&J)
Medtronic Inc.
Stryker Corporation
Zimmer Biomet
adeor medical
Smith & Nephew PLC
B. Braun
MicroAire
The other players in the value chain include (profiles not included in the report):
Ethicon Inc
GEISTER Medizintechnik GmbH
Desoutter Medical Ltd
Peter Brasseler Holdings, LLC.
Ruijin Medical Instrument & Device Co., Ltd.
Intrauma S.p.A.
Frequently Asked Questions about the Global Powered Surgical Instrument Market
What is the estimated value of the Global Powered Surgical Instrument Market?
What is the growth rate of the Global Powered Surgical Instrument Market?
What is the forecasted size of the Global Powered Surgical Instrument Market?
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
Chapter 2: EXECUTIVE SUMMARY
Chapter 3: MARKET OVERVIEW
Chapter 4: POWERED SURGICAL INSTRUMENT MARKET, BY PRODUCT
Chapter 5: POWERED SURGICAL INSTRUMENT MARKET, BY POWER SOURCE
Chapter 6: POWERED SURGICAL INSTRUMENT MARKET, BY APPLICATION
Chapter 7: POWERED SURGICAL INSTRUMENT MARKET, BY GEOGRAPHY
Chapter 8: COMPANY PROFILES
List Of Tables
List of Figures
Note: Product cover images may vary from those shown
According to this report titled, 'Powered Surgical Instrument Market by Product, Power Source, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025', the global powered surgical instrument market generated $1,943 million in 2017 and is projected to reach $2,731 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. The handpieces segment accounted for more than three-fifth of the total market share in 2017.
Powered surgical instruments are high-powered specially designed instruments that are used for performing specific or desired actions during a surgery. There are several high-powered surgical drill systems present in the market such as reamer systems, saw systems, stapler, shavers, and other handpieces, which are used during orthopedic, neuro, cardiovascular, cardiothoracic, and various other surgeries.
The global powered surgical instrument market is expected to exhibit significant growth during the forecast period due to increasing prevalence of chronic diseases globally and growing aging population. In addition, increasing volume of surgical procedures further supplements the growth of the global market. However, pressure of reducing healthcare cost and lack of skilled personnel in the developing countries are projected to impede the market growth. On the contrary, growing medical tourism in developing countries is expected to provide lucrative opportunities for the market growth.
Based on product, the market is segmented into handpieces, power source & controls, and accessories. Handpieces segment is further divided into drill systems, reamer systems, saw systems, stapler, shavers, and others. Power source & controls segment is further divided into batteries, electric consoles, and pneumatic regulators. Accessories segment is further divided into surgical accessories and electrical accessories. The accessories segment is anticipated to exhibit the highest CAGR during forecast period due to bulk purchase, low cost, and shorter lifespan than the product.
By application, the market is classified into orthopedic surgery, neurosurgery, ENT surgery, cardiovascular surgery, plastic surgery, cardiothoracic surgery, and others. The orthopedic surgery segment was the major revenue contributor in 2017 and is projected to continue this trend during the forecast period, due to the rising demand of minimally invasive surgery in orthopedics and growing aging population which in turn increases the demand of powered surgical instruments in orthopedic surgery.
North America is expected to remain dominant throughout the forecast period due to the highly sophisticated healthcare infrastructure and high adoption rate of technologically advanced surgical tools. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period, majorly due to growing medical tourism in this region.
Key Findings of thePowered Surgical Instrument Market:
Based on power source, the battery-powered instruments segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 4.9% from 2018 to 2025.
Depending on application, the cardiovascular surgery segment is expected to exhibit the highest CAGR during the forecast period.
By product, the handpieces segment was the major revenue contributor in 2017 and is anticipated to continue this trend during the forecast period.
The U.S. generated the highest revenue in the global powered surgical instrument market in 2017, accounting for almost two-fifth of the global market in 2017.
Asia-Pacific is estimated to grow at a CAGR of 5.4% during the forecast period.
The report provides a comprehensive analysis of the key players operating in the global powered surgical instrument market, namely, AlloTech Co. Ltd., Conmed Corporation, Depuy Synthes (Johnson & Johnson), Medtronic plc, Stryker Corporation, Zimmer Biomet, adeor Medical AG, Smith & Nephew plc, B. Braun Melsungen AG, and MicroAire Surgical Instruments, LLC.
The other players in the value chain include De Soutter Medical Ltd., GEISTER Medizintechnik GmbH, Peter Brasseler Holdings, LLC, Ruijin Medical Instrument & Device Co., Ltd., Intrauma S.p.A., and others.
Powered surgical instruments are high-powered specially designed instruments that are used for performing specific or desired actions during a surgery. There are several high-powered surgical drill systems present in the market such as reamer systems, saw systems, stapler, shavers, and other handpieces, which are used during orthopedic, neuro, cardiovascular, cardiothoracic, and various other surgeries.
The global powered surgical instrument market is expected to exhibit significant growth during the forecast period due to increasing prevalence of chronic diseases globally and growing aging population. In addition, increasing volume of surgical procedures further supplements the growth of the global market. However, pressure of reducing healthcare cost and lack of skilled personnel in the developing countries are projected to impede the market growth. On the contrary, growing medical tourism in developing countries is expected to provide lucrative opportunities for the market growth.
Based on product, the market is segmented into handpieces, power source & controls, and accessories. Handpieces segment is further divided into drill systems, reamer systems, saw systems, stapler, shavers, and others. Power source & controls segment is further divided into batteries, electric consoles, and pneumatic regulators. Accessories segment is further divided into surgical accessories and electrical accessories. The accessories segment is anticipated to exhibit the highest CAGR during forecast period due to bulk purchase, low cost, and shorter lifespan than the product.
By application, the market is classified into orthopedic surgery, neurosurgery, ENT surgery, cardiovascular surgery, plastic surgery, cardiothoracic surgery, and others. The orthopedic surgery segment was the major revenue contributor in 2017 and is projected to continue this trend during the forecast period, due to the rising demand of minimally invasive surgery in orthopedics and growing aging population which in turn increases the demand of powered surgical instruments in orthopedic surgery.
North America is expected to remain dominant throughout the forecast period due to the highly sophisticated healthcare infrastructure and high adoption rate of technologically advanced surgical tools. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period, majorly due to growing medical tourism in this region.
Key Findings of thePowered Surgical Instrument Market:
Based on power source, the battery-powered instruments segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 4.9% from 2018 to 2025.
Depending on application, the cardiovascular surgery segment is expected to exhibit the highest CAGR during the forecast period.
By product, the handpieces segment was the major revenue contributor in 2017 and is anticipated to continue this trend during the forecast period.
The U.S. generated the highest revenue in the global powered surgical instrument market in 2017, accounting for almost two-fifth of the global market in 2017.
Asia-Pacific is estimated to grow at a CAGR of 5.4% during the forecast period.
The report provides a comprehensive analysis of the key players operating in the global powered surgical instrument market, namely, AlloTech Co. Ltd., Conmed Corporation, Depuy Synthes (Johnson & Johnson), Medtronic plc, Stryker Corporation, Zimmer Biomet, adeor Medical AG, Smith & Nephew plc, B. Braun Melsungen AG, and MicroAire Surgical Instruments, LLC.
The other players in the value chain include De Soutter Medical Ltd., GEISTER Medizintechnik GmbH, Peter Brasseler Holdings, LLC, Ruijin Medical Instrument & Device Co., Ltd., Intrauma S.p.A., and others.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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