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Powered Surgical Instruments - Global Market Trajectory & Analytics

  • ID: 4805698
  • Report
  • April 2021
  • Region: Global
  • 179 pages
  • Global Industry Analysts, Inc
Global Powered Surgical Instruments Market to Reach $2.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Powered Surgical Instruments estimated at US$2 Billion in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2027, growing at a CAGR of 2.7% over the analysis period 2020-2027. Electric Instruments, one of the segments analyzed in the report, is projected to record a 2.4% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Battery-powered Instruments segment is readjusted to a revised 3.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $550.6 Million, While China is Forecast to Grow at 4.9% CAGR

The Powered Surgical Instruments market in the U.S. is estimated at US$550.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$489.4 Million by the year 2027 trailing a CAGR of 4.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Pneumatic Instruments Segment to Record 2% CAGR

In the global Pneumatic Instruments segment, USA, Canada, Japan, China and Europe will drive the 1.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$228.2 Million in the year 2020 will reach a projected size of US$255.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$336 Million by the year 2027, while Latin America will expand at a 2.7% CAGR through the analysis period.

Select Competitors (Total 38 Featured):
  • adeor medical AG
  • AlloTech Co., Ltd.
  • B. Braun Melsungen AG
  • ConMed Corporation
  • Johnson & Johnson
  • Medtronic PLC
  • Microaire Surgical Instruments, Inc.
  • Smith & Nephew PLC
  • Stryker Corporation
  • Zimmer Biomet Holdings, Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Powered Surgical Instruments: An Introduction
  • Global Market Prospects & Outlook
  • Electric Instruments Lead Global Market
  • ENT Surgery Emerges as the Largest Application Category
  • Asia-Pacific: The Fastest Growing Regional Market
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Growing Volume of Conventional Surgical Procedures Performed Drives Need for Powered Surgical Instruments
  • Exhibit 1: Global Surgical Procedure Volumes by Type of Procedure for 2019
  • Inclination towards Minimally Invasive Surgeries Augurs Well for the Market
  • Exhibit 2: Global Minimally Invasive Surgery Market Size (in US$ Billion) for the Years 2019, 2021, 2023 & 2025
  • Rise in Age-Related Medical Conditions & Growing Prevalence of Lifestyle Diseases to Drive Market
  • Exhibit 3: Aging Population Drives Market: Global 65+ Population by Region
  • Exhibit 4: Global Diabetes Prevalence
  • Exhibit 5: Global Cancer Incidence
  • Rising Use of Robotic & Computer-Assisted Surgeries Boosts Market Prospects
  • Exhibit 6: Global Surgical Robotics Systems Market Size (in $ Billion) for 2019, 2022, 2025 & 2027
  • Rising Prominence of Robots for Surgeries Amidst COVID-19 Pandemic Drives Market
  • Leading Startups in Robotic Surgical Instruments Marketplace
  • Powered Surgical Instruments Demand in Emerging Economies to Benefit from Rise in Medical Tourism
  • Exhibit 7: Global Medical Tourism Market Size (in U$ Billion) for the Years 2018, 2021 and 2025
  • Battery-Powered Surgical Instruments Find Increased Adoption
  • Orthopedic & Spine Surgeries Drive Demand for Powered Surgical Instruments
  • COVID-19 Impact on Orthopedic Surgery Volumes Affects Market
  • Technological Innovations to Boost Market Prospects
  • Rise in Healthcare Spending Presents Opportunity for the Market
  • Challenges Confronting Powered Surgical Instruments Market
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown
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