The Global Powered Surgical Instruments Market accounted for USD XX million in 2017 and is estimated to reach USD XX million in 2017 and projected to grow at a CAGR of X% to reach USD XX million by 2022, during the forecast period.
In the recent years, global powered surgical instruments market has been growing at a considerable rate owing to factors such as increasing healthcare awareness, healthcare expenditure, the purchasing power of patients and technological advancements in the market such as robot-assisted surgical procedures. The key opportunities for global powered surgical instruments market are the advancement in medical tourism and market penetration in the developing nations. However, lack of trained professionals and insufficient quality checks are the key challenges faced by the market. The massive untapped markets in emerging countries hold a lot of opportunities for the global powered surgical instruments market, which is expected to grow at a considerable rate during the forecast period.
Drivers and Restraints
An increase in the geriatric population, technological innovations, rise in the number of surgical procedures, and growing prevalence of lifestyle diseases are the driving factors for the global powered surgical instruments market. Market restraints include reimbursement challenges and lack of proper sterilization procedure.
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Global Powered Surgical Instruments Market Segmentation
The Global Ablation Market is Segmented by –
1.Type of Power Source:
Battery powered instruments
2.Type of Product:
Power sources and controls
3.Type of Application:
Oral and maxillofacial surgery
Plastic and reconstructive surgery
The market is segmented by geography into North America, Europe, Asia-Pacific and Rest of the World. The presence of sophisticated equipment and R&D initiatives for checking the accuracy of surgical instruments, ensure North America holds the highest share in powered surgical instruments market, followed by Europe. Developing nations like India and China are expected to grow at a considerable rate, owing to an increase in the healthcare expenditure and high population.
Some of the largest market players in the powered surgical instruments market are –
B. Braun Melsungen Ag
KLS Martin group
Smith & Nephew PLC
Johnson and Johnson
Zimmer Holdings Inc.
Microaire Surgical Instruments, Inc.
Desoutter Medical Ltd.
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Key Deliverables in the Study
Market analysis for the global powered surgical instruments market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers, restraints opportunities and challenges.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with company profiles of key players with the analysis of their current strategic interests and key financial information.
Identification and analysis of the macro and micro factors that affect the global powered surgical instruments market.