Powered Surgical Instruments Global Market Report 2024

The powered surgical instruments market size has grown strongly in recent years. It will grow from $2.29 billion in 2023 to $2.42 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth observed in the historical period can be ascribed to the evolution of minimally invasive surgery (MIS), the increase in chronic diseases, the emergence of electrosurgery, a rise in orthopedic procedures, and supportive regulatory measures.

The powered surgical instruments market size is expected to see steady growth in the next few years. It will grow to $2.94 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The anticipated growth in the forecast period can be credited to the expansion of robotic-assisted surgery, the increased demand for precision and control, the global aging population, a surge in neurology and spinal procedures, and the pursuit of cost efficiency and effectiveness. Noteworthy trends expected in the forecast period encompass the integration of artificial intelligence and robotics, the utilization of wireless and battery-powered instruments, the introduction of specialized instrumentation sets, a focus on ergonomics, and the development of enhanced visualization tools.

The surge in the number of surgical procedures is poised to drive the growth of the powered surgical instruments market in the future. Surgery, a medical specialty focused on treating diseases, injuries, or conditions through operative procedures, employs powered surgical instruments to enhance functions such as sawing and drilling, thereby improving efficiency and consistency. For example, in April 2022, the Aesthetic Society reported a 54% increase in surgical aesthetic procedures in 2021 compared to 2020. On average, surgeons performed 320 procedures in 2021, up from 220 procedures in 2020. Thus, the growing number of surgical procedures is a key driver for the powered surgical instrument market.

The expanding geriatric population is anticipated to contribute to the growth of the powered surgical instruments market. The geriatric population, comprising individuals aged 65 and older, benefits from advanced and precision tools provided by the powered surgical instruments market, enhancing surgical procedures and overall well-being. As of May 2021, according to a report by The Administration for Community Living (ACL), the population aged 65 and older experienced a 36% increase, rising from 39.6 million in 2009 to 54.1 million in 2019. Projections indicate it will reach 94.7 million by 2060, with the demographic surpassing 80.8 million by 2040. This demographic shift, more than doubling figures from 2000, is expected to constitute 21.6% of the total population, compared to 16% in 2019. Consequently, the growing geriatric population is a driving force for the powered surgical instrument market.


Technological advancements represent a prominent trend gaining traction in the powered surgical instrument market. Leading companies within this market segment are actively introducing innovative products that leverage advanced technologies to maintain their competitive positions. For instance, in August 2022, Sight Sciences, a US-based medical device manufacturer, unveiled the SION surgical instrument designed for craniotomies. This cutting-edge product incorporates bladeless technology, offering a manually operated, micro-engineered, and precision-manufactured device for the removal of diseased tissue without the need for cutting.

Major players in the powered surgical instruments market are placing emphasis on launching groundbreaking products such as the CD NXT System, which provides real-time depth measurement. The CD NXT System, an advanced power tool technology introduced by Stryker in March 2023, ensures swift, accurate, and consistent digital measurements during surgical procedures. Offering features such as real-time depth measurement, automatic cortex-to-cortex measurement, one-step drilling, and compatibility with legacy attachments, the CD NXT System revolutionizes the landscape of powered surgical instruments. This innovative solution is poised to enhance market efficiency by delivering precise measurements, streamlining procedures, and minimizing errors, ultimately improving the overall effectiveness of powered surgical instruments.

In July 2021, ARCH Medical Solutions, a US-based medical equipment manufacturer, completed the acquisition of Titan Medical Manufacturing LLC for an undisclosed amount. This strategic move expanded ARCH Medical's manufacturing capabilities, contributing to the scaling up of its operations. Titan Medical Manufacturing LLC is a US-based company specializing in the manufacturing of powered surgical instruments and surgical equipment.

Major companies operating in the powered surgical instruments market report are Johnson and Johnson Inc., Medtronic PLC, Becton Dickinson and Company (BD), Stryker Corporation, B. Braun AG, Olympus Corporation, Zimmer Biomet Holdings Inc., Smith and Nephew PLC, Hologic Inc., CooperSurgical Inc., Karl Storz SE and Co. KG, Arthrex Inc., Integra LifeSciences Holdings Corporation, ConMed Corporation, Exactech Inc., Richard Wolf GmbH, NuVasive Inc., Peter Brasseler Holdings LLC., Panther Medical Equipment Co. Ltd., MicroAire Surgical Instruments LLC, Misonix Inc., De Soutter Medical Ltd., KLS Martin Group, Encision Inc., AlloTech Co. Ltd., Adeor Medical AG, Surtex Instruments Limited, Alesi Surgical Ltd., ECA Medical Instruments, Ceterix Orthopaedics Inc.

North America was the largest region in the powered surgical instruments market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the powered surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the powered surgical instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary components of powered surgical instruments comprise handpieces, power sources, and control and accessories. Handpieces are handheld devices designed for manual operation, providing surgeons with the ability to control and manipulate with precision during various medical procedures. These instruments play a crucial role across a broad spectrum of medical specialties and interventions, including surgery, dentistry, and minimally invasive procedures. The power source for these instruments encompasses electric instruments, battery-powered instruments, and pneumatic instruments, catering to diverse applications in orthopedic surgery, oral and maxillofacial surgery, neurosurgery, ENT (ear nose throat) surgery, plastic and reconstructive surgery, cardiothoracic surgery, and other medical disciplines.

The powered surgical instruments research report is one of a series of new reports that provides powered surgical instruments market statistics, including the powered surgical instruments industry's global market size, regional shares, competitors with powered surgical instruments market share, detailed powered surgical instruments market segments, market trends and opportunities, and any further data you may need to thrive in the powered surgical instruments industry. This powered surgical instruments market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The powered surgical instruments market consists of sales of drill systems, reamer systems, saw systems, staplers, shavers, integrated power consoles, surgical accessories, electrical accessories, and sinus irrigation systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.