The Global Powered Surgical Instrument Market was estimated at $1.9 billion in 2017 and is expected to hit $2.7 billion by 2025, registering a CAGR of 4.2% throughout the forecast period.
The report includes an in-depth analysis of research methodology, market scope, market dynamics, market share analysis, product pipeline analysis, key market segments, key growth factors & opportunities, market size & forecast, business performance, key strategic moves and operating business segments.Rise in geriatric population, increase in the number of chronic diseases, growing rate of surgical procedures across the globe and especially, mounting demand for minimally invasive surgeries have rocketed the growth of global powered surgical instrument market. On the other hand, high-price rivalry and unfavorable taxation policy have happened to restrain the growth to certain extent. Nevertheless, various growth opportunities from emerging economies have spurred the growth yet again.
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Based on product, the market is divided into power source & controls, accessories and handpieces. Handpieces section is further segmented into six sub divisions namely reamer systems, saw systems, drill systems, shavers, stapler, and others. Power source & controls segment has three sub sections including electric consoles, pneumatic regulators and batteries. Surgical accessories and electrical accessories round off the accessories segment. The accessories segment is expected to garner the highest CAGR throughout the forecast period. This is due to low cost and bulk purchase.
Based on application, the market is segmented into neurosurgery, plastic surgery, ENT surgery, cardiovascular surgery, cardiothoracic surgery and others. The orthopedic surgery segment contributed to the major revenue in 2017 and is anticipated to continue its leadership status during the forecast period. The growing demand of minimally invasive surgery in orthopedics and increase in geriatric population augment the demand of powered surgical instruments.By region, North America is anticipated to maintain its dominance during the forecast period due to cutting-edge healthcare infrastructure and high adoption rate of innovative surgical tools.
The report offers an all-inclusive analysis of the forerunners operating in the global powered surgical instrument market, namely, Conmed Corporation, Medtronic plc, AlloTech Co. Ltd., Stryker Corporation, adeor Medical AG, Smith & Nephew plc, Zimmer Biomet, Depuy Synthes (Johnson & Johnson), MicroAire Surgical Instruments, LLC., B. and Braun Melsungen AG. The other players in the market consist of, De Soutter Medical Ltd., Peter Brasseler Holdings, GEISTER Medizintechnik GmbH, Intrauma S.p.A., Ruijin Medical Instrument & Device Co., Ltd., and LLC,.
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