Powered Surgical Instrument Market (By Product: Hand Piece, Power Source & Controls, Accessories; By Power Source: Battery-Powered Instruments, Pneumatic Instruments, Electric Instruments; By Application: Orthopedic Surgery, Neurosurgery, ENT Surgery, Cardiovascular Surgery, Cardiothoracic Surgery, Plastic Surgery, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Published | Pages : 190

The global powered surgical instrument market is expected to grow at a CAGR of around 4.0% from 2019 to 2026 and reach the market value of over US$2,900 Mn by 2026.

Powered surgical instrument is a market of technological instruments used to assist at the time of performing neurological and orthopedic surgery. This surgical powered instrument is categorized by product which includes high speed equipment, large bone battery/electric equipment, small bone pneumatic equipment, large bone pneumatic equipment, and small bone electrical equipment. In surgery and RF electro surgery systems, surgeons often use saws, clip appliers, surgical drills, and surgical staplers to cauterize tissue and cut in almost all types of surgical procedures.

Market Dynamics

The major factors that drive the powered surgical instrument market include dominance of chronic disease and growing geriatric population due to rising awareness regarding healthcare among population. Other factor that attributed the growth of the powered surgical instrument market is increasing demand of surgical procedures and minimally invasive as well as non-invasive surgeries. Some factors that limit market growth are continuous pressure on healthcare suppliers to decrease expenses, insufficient quality assurance and insufficient sterilization practices for machinery.

The market is segmented into product, power source, application and region. The product segment is bifurcated into hand piece, power source & controls, and accessories. The hand pieces segment held the highest revenue in 2018 and is anticipated to maintain the growth through the forecast period with fastest growing CAGR from 2019-2026. The hand piece comprises 65% of the global market due to increasing approval for innovative technologically powered surgical instruments and also rising demand for minimal invasive surgery. Furthermore, the demand for hand piece segment is significantly growing due to its precise features such as high efficiency, high power, and lightweight.

Report coverage

The market research study on “Powered Surgical Instrument Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global powered surgical instrument market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global powered surgical instrument market, its product, power source, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. The flavored veterinary medication market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, Middle East & Africa followed by major countries. For each region, the market size for different segments has been covered under the scope of report. North America is likely to dominate the powered surgical instrument market in terms of revenue, followed by Europe due to increasing in number of geriatric population, high disposable income, favorable government rules and regulations, and adoption of innovative technologies. The Asia-Pacific region depicts the fastest growing market for hardware and accessories for powered surgical instruments, mainly owing to enhanced medical tourism, improved accessibility to health care facilities, and increased incidence of chronic diseases requiring surgical procedures in the region. Latin America shows prominent growth of the powered surgical instrument market owing to adoption of advanced technological such as surgical robots, increasing frequency of diseases like cancer, neurological diseases, cardiovascular disease, and orthopedic conditions. Other factors that are driving this region are rising prevalence and awareness among the population with rising healthcare investment. Middle East & Africa is projected to witness the considerable growth of the market attributed to increasing therapeutic tourism industry, rising surgical methods for ceaseless infections, rising needs with low prevalence and great repayment situations.

Market players of powered surgical instrument are focusing on product development and providing distinct at competitive prices especially in developing countries. Manufacturers are expanding their product portfolios by adopting key strategies such as mergers, acquisition, and partnerships. The players profiled in the report are AlloTech Co. Ltd., CONMED Corporation, Medtronic plc, Stryker Corporation, Zimmer Biomet, adeor medical AG, Smith & Nephew plc, B. Braun Melsungen AG, and MicroAire Surgical Instruments, LLC., GEISTER Medizintechnik GmbH and among others.

Recent developments:

  • In 2018, CONMED Corporation launched new product named MicroFree surgical small bone power tools. This product was launched with specific features such as battery-powered, cordless, and pencil grip mainly for small bone.
  • In 2019, Stryker acquire Mobius Imaging, LLC who was the leader in point-of-care technology. The acquisition offers Stryker’s spine sector with direct entry to the imaging segment and navigation offerings.
  • In 2018, adeor medical AG launched new electric Velocity Alpha for high speed surgical drill system. It has unique surgical features such as easy handling, offers reliable performance, reducing cost and cash flow requirements.
  • In 2019, Smith & Nephew plc acquire innovator of optical tracking technology by expanding digital surgery ecosystem.

Market Segmentation

Market By Product

  • Hand Piece
    • Drill Systems
    • Reamer Systems
    • Saw Systems
    • Stapler
    • Shavers
    • Others
  • Power Source & Controls
    • Batteries
    • Electric Consoles
    • Pneumatic Regulators
  • Accessories
    • Surgical Accessories
    • Electrical Accessories

Market By Power Source

  • Battery-Powered Instruments
  • Pneumatic Instruments
  • Electric Instruments

Market By Application

  • Orthopedic Surgery
  • Neurosurgery
  • ENT Surgery
  • Cardiovascular Surgery
  • Cardiothoracic Surgery
  • Plastic Surgery
  • Others

Market By Geography

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa


FAQ

Healthcare Drone Market (By Product Type: Rotary Blade, Fixed Wing, Hybrid; By Application: Search and Rescue, Transport/Delivery, Medical Care) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

Healthcare drones provide medical care facilities for the people in a few minutes to bring blood, medicines, serum snake bite, birth control, and other resources to rural areas, which in some situations could be the difference between life and death. Market Insights Increased awareness of healthcare drones is likely to fuel dema

Metal Implants and Medical Alloys Market (By Type: Titanium, Stainless Steel, Cobalt Chrome, Others; By Application: Orthopedic Implants, Cardiovascular Implants, Dental Application, Craniomaxillofacial Impnats, Neurological Implants) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The Global Metal Implants and Medical Alloys Market size is expected to garner around US$ 19.5 Bn by 2026, growing at a CAGR of around 9.2% over the forecast period 2019 to 2026. Metal implants are the biomaterials that are used to place inside or on the surface of the body. These are basically made up of stainless steel, Cobalt Chrome (CoCr) alloys, Titanium (Ti), and Ti alloys are widely used in orthopedic i

Next Generation sequencing Market (By Products and Services: NGS Platforms & Related Products, NGS Services; By Application: Oncology, Reproductive Health, Clinical Investigation, Immune System Monitoring, Agriculture & Animal Research, Epidemiology & Drug Development, Consumer Genomics; By Technology: Whole Genome Sequencing, Targeted Sequencing & Resequencing, Whole Exome Sequencing; By End Users: Academic Institutes & Research Centers, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Other users) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The Global Next Generation Sequencing Market is expected to grow at a CAGR of around 18.7% over the forecast period 2019 to 2026 and poised to reach around US$ 20.4 Bn by 2026. Next Generation Sequencing (NGS) is a platform that enabled the sequencing of thousands to millions DNA molecules simultaneously. It is also known as the massively parallel sequencing technology. This sequencing helps in the various fie

Ultrasound Equipment Market (By Portability: Trolley/Cart-based, Compact, Handheld; By Application: Obstetrics/Gynecology, General Imaging, Vascular Applications, Cardiologic Applications, Orthopedic Applications, Urological Applications, Pain Management, Others; By Equipment Display: Black & White, Color; By Technology: Therapeutic, Diagnostic) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global ultrasound equipment market is expected to grow at a CAGR of around 6.3% from 2019 to 2026 and expected to reach the market value of around US$ 10 Bn by 2026. Ultrasound is a medical imaging technology that uses sound waves to produce pictures of body’s inside part. It helps to diagnose swelling, pain, and infection in internal organs and to examine a baby in pregnant women. Ultrasound is also

Minimally Invasive Surgery Market (By Product: Handheld Instruments, Electrosurgical Instruments, Guiding Devices, Inflation Systems, Auxiliary Instruments, Cutter Instruments; By Application: Gastrointestinal Surgery, Cardiothoracic Surgery, Orthopedic Surgery, Gynecological Surgery, Cosmetic/Bariatric Surgery, Vascular Surgery, Urological Surgery, Others; By End User: Hospitals, Ambulatory Surgery Centers, Research Institutes) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global minimally invasive surgery market is expected to grow at a CAGR of around 9.6% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 33.8 Bn by 2026. Minimally invasive surgery uses techniques to operate with less incision or damage to the body than open surgery. Hence, it is associated with less pain, fewer postoperative complications, and short

Implantable Medical Devices Market (By Product: Dental Implants, Breast Implants, Orthopedic Implants, Cardiovascular Implants, Intraocular Lens, Others) - Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 - 2026

The global implantable medical devices market is expected to grow at a CAGR of around 7.3% over the forecast period 2019 to 2026 and expected to reach the market value of around US$ 153.8 Bn by 2026. An implant is a medical device, manufactured to support or replace any damaged organs in the body, treat imperfections in normal body functions, or enhance the functioning of body organs. These can be implanted by

Cart Summary