Powered surgical instruments such as drill, saw, staplers and reamers enable reduced procedural times and increased precision during surgeries. These systems offer advantages such as consistent power delivery, optimal ergonomics and increased output. They help surgeons perform delicate procedures easily in minimum time. The growing preference for minimally invasive surgeries in trauma, bariatric, orthopedic and neurological procedures is driving the demand for powered instruments across hospitals and ambulatory surgical centers.
The Global Powered Surgical Instruments Market is estimated to be valued at US$ 2.42 Bn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2030.
Powered instruments have emerged as a necessity for surgeons worldwide to conduct surgeries swiftly and accurately. Their adoption is rising with increasing surgery volumes and focus on automated platforms that aide in operating room efficiency.
Key Takeaways
Key players operating in the Powered Surgical Instruments are Aries Chemical, Inc., Arakawa Chemical Industries, Ltd., Atlas Organics Private Limited, GO YEN Chemical Industrial Co., Ltd., Haihang Industry, Kemira Oyj, Longkou Longpai Fine Chemical Industry Co., Ltd., Oleon NV, Plasmine Technology, Inc. and SEIKO PMC Corporation. These companies are focusing on new product launches and strategic collaborations to gain greater market share.
The growing preference for minimally invasive procedures worldwide presents lucrative opportunities in the market. Continuous innovations are expanding the applications of powered instruments from general surgery to complex neuro and cardiovascular procedures. Rising medical tourism in low cost destinations is encouraging global expansion of key players.
Market Drivers and Restraints
The rapidly aging global population and subsequent increase in age-related surgical procedures is a key factor driving the powered surgical instruments market. Growing healthcare expenditure in emerging economies is also supporting market growth. However, high costs of powered instruments and maintenance of these complex systems remains a major challenge, especially in price sensitive markets. Stringent regulatory processes also delay new product approvals.
Segment Analysis
The Powered Surgical Instruments Market Size is dominated by the handpieces sub segment. Handpieces make up around 50% of the total market share as they are indispensable for any procedure performed using powered tools like drills or saws. The ergonomic designs, torque control features and attachments available for different specialties have made handpieces highly popular among surgeons.
Global Analysis
The North American region dominates the global powered surgical instruments market with over 35% share. This can be attributed to factors like presence of major players, well established healthcare infrastructure and rising surgical volumes due to increasing cases of chronic diseases and trauma injuries. Asia Pacific is poised to be the fastest growing market during the forecast period owing to growing medical tourism, rising healthcare spending and expansion activities of key market players in developing countries of China and India. The government initiatives for infrastructure development and regulations regarding use of powered tools in hospitals are supporting market growth in the Asia Pacific region.
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The complete research framework on Global Powered Surgical Instruments Market reveals various influencing factors like growth factors, industry drivers, restraints, production techniques, latest market trends, market challenges, market extension and opportunities for beginners and established players in global runway lighting market.
As per the world economic evaluate growth rate of the past four years, market size is estimated from 220 million $ in 2014 to 245 million $ in 2017.
The Powered Surgical Instruments Market is expected to exceed more than US$ 300 million by 2022 at a CAGR of 3.65% in the given forecast period.
The prime objective of this report is to help the user understand market share distribution of number of key players in the market included are B. Braun Melsungen Ag, Medtronic, Inc., Johnson And Johnson, Stryker Corporation, Conmed Corporation, Smith And Nephew Plc, Microaire Surgical Instruments, Inc., Peter Brasseler Holdings, Llc., Zimmer Holdings, Desoutter Medical Ltd.The Powered Surgical Instruments Market research report helps to understand cost-effective data in the form charts, tables, graphs, and figures which helps to analyze the market growth rate, market share, and trends.
The Powered Surgical Instruments market provides the in-depth approach towards market segments depicts the market investment areas and marketing strategies to achieve informed growth in the market like revenue, import/export data, volume delivered (in kilo tons) and the income it produces (in US$), demand and supply data (as applicable).
Additionally, the Powered Surgical Instruments business development patterns and marketing stations have been analyzed.Request for free sample report @ https://www.indexmarketsresearch.com/report/global-powered-surgical-instruments-market/24136/#requestforsampleThe Powered Surgical Instruments Market covers company profiling, product picture and specifications, sales, market share and contact information of various international, regional, and local vendors of the market.
