Powered Surgical Instruments Market
Overview:
Powered surgical instruments are surgical devices with accessories that are used for cutting, fixating, shaping, dissecting or drilling a bone. These instruments are becoming a vital part of surgical processes as they play an important role in operation rooms. Powered surgical instruments are used to aspirate, fragment and emulsify soft tissues in various surgical procedures like reconstructive surgeries, sports surgery, extremity procedures and other surgical procedures that include ENT, neurological, and spinal cord surgeries. Power sources such as pneumatic power, electric power and battery power are required to fuel these devices for them to operate. Powered surgical instruments come in two types, they can be single use and reusable devices, which is driving the demand for these devices, which in turn is expected to fuel growth of the global powered surgical instruments market.
The global powered surgical instruments market is estimated to be valued at US$ 2,147.6 million in 2019 and is expected to witness a robust CAGR of 3.0% over the forecast period (2019 – 2027)
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Drivers:
Growing number of surgeries performed in a day as well as shortage of expert surgeons are the factors expected to propel growth of the global powered surgical instruments market. For instance, in 2019, Association of American Medical Colleges (AAMC) estimated that by 2032 the U.S. could witness shortage of 122,000 physicians. Therefore, demand for robotic surgeries is expected to increase boosting growth of the market.
Rising inclination towards use of robotic surgical instruments by hospitals is expected to augment growth of the powered surgical instrument market. For instance, in December 2019, in India, Apollo Hospitals Bangalore introduced the first unit of Robot-assisted Cardiac Surgery, which will have the 4th generation versatile ‘da Vinci Xi’ robotic system.
Furthermore, frequent approvals and launch of new products by manufacturers is also expected to increase growth of the global powered surgical instruments market. For instance, in January 2019, Medtronic Plc announced the launch of Mazor X Stealth robotic-assisted platform for spinal surgeries in the U.S.
Restraints:
Factors such as product recalls, risks of surgical site infection because of reusable devices, and disapproving reimbursement policies are expected to obstruct growth of the global powered surgical instruments market. For instance, in October 2019, Ethicon started Class 1 recall of Echelon Flex Endopath staplers.
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Regional Analysis:
The global powered surgical instruments market is regionally divided into North America, Europe, Latin America, Middle East, Africa, and Asia Pacific.
North America is expected to witness significant growth in the powered surgical instruments market due to presence major competitors such as Ethicon, Stryker Corporation, and Zimmer Biomet who are focusing on launch of novel products offering a wide product portfolio. For instance, a large product portfolio of powered surgical tools that include small, medium and large sized bone power tools, neuro and spine tools, drill system and other products is owned by Stryker Corporation.
Moreover, Asia Pacific is also expected to witness strong growth in the powered surgical instruments market during the forecast time due to increasing spending on healthcare by people and rising use of powered surgical tools having robotic technology. For instance, in 2017, the Vattikuti Foundation based in the U.S. stated that it is aiming to make India the second biggest robotic surgery market across the world after the U.S. It aims to install 200 more robots in hospitals and to reach the goal of 20,000 surgeries assisted by robots per year by 2020.
Major Players
Key players functioning in the global powered surgical instruments market are Conmed Corporation, MicroAire Corporation, KLS Martin L.P., Smith & Nephew, B. Braun Melsungen AG, Stryker Corporation, Zimmer Biomet Holdings, Inc., Medtronic Plc, DePuy Synthes,
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Power Source
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Unmet Needs
- Regulatory Scenario
- Product Recalls
- PEST Analysis
- Porter’s Five Forces Analysis
- Epidemiology
- Global Powered Surgical Instruments Market, By Product Type, 2016 – 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hand-pieces
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Drill System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Saw Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Reamer Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Staplers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Drill System
- Accessories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Global Powered Surgical Instruments Market, By Power Source, 2016 – 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Electrical Instruments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Battery Powered Instruments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Pneumatic Instruments
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Global Powered Surgical Instruments Market, By Application, 2016 – 2027 (US$ Million)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Orthopedic Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Oral and Maxillofacial Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Neuro Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- ENT Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Plastic and Reconstructive Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Cardiothoracic Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
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