Powered surgical instruments are used for performing surgeries with utmost precision during specific procedures. These instruments operate on electrical or pneumatic power. A new research report by Transparency Market Research states that in the past few years, the development of surgical robots has completely transformed the global powered surgical instruments market. The research report, titled “Powered Surgical Instruments Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” explains the evolution of these instruments from being simple tools into being sophisticated machines.
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According to the research report, the global powered surgical instruments market is being driven by the rise of medical tourism, increasing budgets for healthcare, high incidence of lifestyle-related disorders, and the growing number of surgical procedures. However, poor sterilization processes are acting as an insurmountable impediment to the overall market. The poor quality standards and increasing pressure to reduce healthcare costs are also preventing this market from reaching its highest potential.
The global powered surgical instruments market is segmented on the basis of type, application, instrument, and geography. The types of powered surgical instruments are electric powered equipment, battery powered equipment, and pneumatic equipment. On the basis of application, this market is segmented into plastic and reconstructive surgery, oral surgery, orthopedic surgery, ENT surgery, thoracic surgery, cardiac surgery, and neurosurgery. The instruments used for performing these surgeries are saws, consoles, ultrasound tissue disruptors, hand pieces, reamers, carts, staplers, drills, blades, and cables amongst others. Geographically, the global powered surgical instruments market is segmented into Asia Pacific, North America, Europe, and Rest of the World.
Currently, North America holds a dominant position in the global powered surgical instruments market. Europe is closely following this stance with its growing pool of geriatrics. Analysts suggest that both the regions will fare well in the coming years due to the supportive regulatory framework, improving disposable incomes, and the adoption of enhanced technologies. Furthermore, the report also states that Asia Pacific will stand as a significant market in the contribution made towards overall revenue of the global market in the near future.
Some of the important players in the global powered surgical instruments market are Ethicon Inc., Smith & Nephew PLC, Zimmer Holdings Inc., Stryker Corporation, Conmed Corporation, Medtronic Inc., MicroAire, KLS martin Group, Alcon Laboratories Inc., and Carefusion Corporation. The research report profiles these players and provides a fair assessment of the competitive landscape of the overall market. Furthermore, the document also states that the pace of ongoing research and development in the global powered surgical instruments market is set to shape its course in the foreseeable future.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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