Powered Surgical Instrument Market, valued at USD 2.54 Billion in 2023, is projected to surpass USD 3.57 Billion by 2032, indicating a robust CAGR of 3.9%

Powered surgical instruments are modern medical devices that use electricity, pneumatics, or batteries to carry out accurate and efficient surgical procedures. These devices save manual labor, increase precision, and improve surgical outcomes in a variety of specialties. Drills, saws, reamers, and shavers are examples of specific-purpose tools. Their ergonomic form and innovative characteristics make them indispensable in modern surgical procedures.

Powered surgical instruments are commonly used in orthopedic surgeries to cut, shape, and mend bone, as well as in neurosurgery to do cranial procedures. They are also used in cardiothoracic surgery, plastic and reconstructive operations, and dentistry procedures. These instruments enable less invasive procedures, which improve patient recovery times and lower risks. Their versatility makes them indispensable in a variety of surgical areas.

Powered Surgical Instrument Market Statistics

• The global powered surgical instrument market generated USD 2.54 billion in 2023 and is projected to grow at a robust CAGR of over 3.9% from 2024 to 2032
• North America led the market in 2023, contributing USD 1.1 billion in revenue
• The Asia-Pacific region is expected to experience substantial growth, with a CAGR of 4.8%
• Hand piece products held the largest market share in 2023, accounting for 88%
• The electric instruments sub-segment dominated, capturing 80% of the market share in 2023
• Orthopedic surgery applications held the largest share by application, representing 33% of the market in 2023
• A discernible trend in the powered surgical instrument market is an increasing number of outpatient surgeries is boosting demand for compact and cost-effective powered surgical instruments

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Powered Surgical Instrument Market Dynamics

Increasing Demand for Minimally Invasive Surgeries Fuels the Powered Surgical Instrument Market Value

The rising demand for minimally invasive operations is a major driver of the powered surgical tool market, since these treatments provide considerable benefits such as shorter recovery times, smaller incisions, and lower risk of problems. Additionally, on April 2024, MOLLI Surgical introduces the OncoPen, a minimally invasive surgical pen that enables physicians to achieve superior breast cancer surgery outcomes. Surgeons increasingly prefer these equipment because they allow them to execute delicate and intricate procedures with greater control and less fatigue. Furthermore, as patient knowledge of the benefits of minimally invasive procedures has grown, so has the number of such surgeries performed around the world. This tendency is bolstered by technology improvements that have made powered devices more versatile and adaptable to a variety of surgical procedures.

Expanding Healthcare Infrastructure in Emerging Markets Offer Significant Powered Surgical Instrument Market Opportunity

The expanding healthcare infrastructure in emerging nations represents a considerable growth opportunity for the powered surgical device industry. For instance, as per Invest India, The Indian Medtech Industry is predicted to reach $50 billion by 2025, from an estimated $10.63 billion in 2020. Governments and corporate sectors in India, China, and Brazil are making significant investments in upgrading hospitals and equipping them with innovative surgical tools. These locations are also seeing an increase in healthcare spending and insurance coverage, making advanced medical procedures more accessible to the general public. Furthermore, the rising prevalence of chronic diseases and surgical disorders in these regions is boosting demand for sophisticated surgical tools. Powered surgical instruments, noted for their precision and efficiency, are increasingly being used to fulfill the demands of these changing healthcare systems.

Powered Surgical Instrument Market Segmentation

The global market for powered surgical instrument has been segmented into product, power source, application, and region.

• Product is classified into hand piece (drill systems, reamer systems, saw systems, stapler, shavers, others), power source & controls (batteries, electric consoles, pneumatic regulators), and accessories (surgical accessories, electrical accessories)
• Power source are divided into battery-powered instruments, pneumatic instruments, and electric instruments
• Application are categorized into orthopedic surgery, neurosurgery, ENT surgery, cardiovascular surgery, cardiothoracic surgery, plastic surgery, and others
• The powered surgical instrument market is geographically split into Europe, North America, Latin America, APAC, and the Middle East and Africa

Powered Surgical Instrument Market Regional Outlook

In terms of powered surgical instrument market analysis, North America leads the sector because to its advanced healthcare infrastructure, widespread adoption of breakthrough medical technologies, and a well-established reimbursement system. For instance, as per World Economic Forum, Venture capital investments in health AI in the United States alone will reach $11 billion this year, with additional funding coming from institutional investors and other organizations throughout the massive $4.5 trillion US healthcare market. The region benefits from a high volume of surgical procedures, which is driven by the prevalence of chronic illnesses and aging populations driving market growth.

The Asia-Pacific powered surgical instrument market is increasing rapidly, driven by rising healthcare costs and increased access to advanced surgical services. Governments across the area are investing in healthcare infrastructure, particularly in growing economies such as China and India. Rapid urbanization and the rising prevalence of chronic conditions requiring surgery are driving market demand.

Powered Surgical Instrument Market Players

Powered surgical instrument companies profiled in the report include CONMED Corporation, Stryker, DePuy Synthes, MicroAire, Medtronic, Smith+Nephew, B. Braun Medical Inc., Zimmer Biomet, adeor medical AG, and De Soutter Medical.

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