Powered surgical instruments are surgical devices that are used to perform various tasks in a surgical procedure and are operated through a power source. Powered surgical instruments are technologically advanced devices that assist surgeons in carrying out surgical procedures in various medical domains such as orthopedics, ENT, neurology, cardiovascular, oral, maxillofacial, and others. Hand-pieces in the powered surgical instruments are mainly operated through three power sources that include battery powered devices, which use lithium ion batteries that are rechargeable sources, electric powered devices that are operated through electrical supply, and pneumatic powered devices that are operated through air pressure obtained through an air reservoir attached to the device. Increasing demand for such surgical instruments by physicians to perform surgeries is expected to drive the global powered surgical instruments market growth.
Market Dynamics
Rising number of surgical procedures that require skilled and expert surgeons is a major factor driving the global powered surgical instruments market growth. Increasing number of cosmetic procedures performed using minimally invasive surgical devices is also contributing to the market growth. According to Annual Plastic Surgery Procedural Statistics 2018, around 1.8 million cosmetic surgical procedures were performed globally in 2018, which was a 2% increase in surgery rate as compared to 2017.
Other factors contributing to the global powered surgical instruments market growth include increasing adoption of technologically advanced surgical instruments by physicians for carrying out surgical procedures and improving surgical outcomes, increasing healthcare spending by medical sectors of developed and emerging economies, and medical tourism.
However, factors restraining the global powered surgical instruments market growth include contamination issue of reusable surgical devices that lead to surgical site infections and product recalls. For instance, in October 2019, Zimmer Biomet, Inc. voluntarily recalled various surgical instruments including screws and reamers due to the adherence issue of low density polyethylene (LDPE) bag on the surface of metal devices.
Key features of the study:
- This report provides in-depth analysis of global powered surgical instruments market, market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, recalls, regional outlook, and competitive strategies adopted by the leading players
- It profiles leading players in the global powered surgical instruments market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies and future plans
- Key companies covered as a part of this study include Stryker Corporation, Conmed Corporation, Zimmer Biomet Holdings, Inc., MicroAire Corporation, Medtronic Plc, KLS Martin L.P., DePuy Synthes, Smith & Nephew, Arthrex Inc, and B. Braun Melsungen AG
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
- The global powered surgical instruments market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through various strategy matrices used in analyzing the powered surgical instruments market
Detailed Segmentation:
- Global Powered Surgical Instruments Market, By Product Type:
- Hand-pieces
- Drill System
- Saw Systems
- Reamer Systems
- Staplers
- Others
- Accessories
- Global Powered Surgical Instruments Market, By Power Source:
- Electrical Instruments
- Battery Powered Instruments
- Pneumatic Instruments
- Global Powered Surgical Instruments Market, By Application:
- Orthopedic Surgery
- Oral and Maxillofacial Surgery
- Neuro Surgery
- ENT Surgery
- Plastic and Reconstructive Surgery
- Cardiothoracic Surgery
- Others
- Global Powered Surgical Instruments Market, By Region:
- North America
- By Product Type:
- Hand-pieces
- Drill System
- Saw Systems
- Reamer Systems
- Staplers
- Others
- Accessories
- By Power Source:
- Electrical Instruments
- Battery Powered Instruments
- Pneumatic Instruments
- By Application:
- Orthopedic Surgery
- Oral and Maxillofacial Surgery
- Neuro Surgery
- ENT Surgery
- Plastic and Reconstructive Surgery
- Cardiothoracic Surgery
- Others
- By Country:
- Europe
- By Product Type:
- Hand-pieces
- Drill System
- Saw Systems
- Reamer Systems
- Staplers
- Others
- Accessories
- By Power Source:
- Electrical Instruments
- Battery Powered Instruments
- Pneumatic Instruments
- By Application:
- Orthopedic Surgery
- Oral and Maxillofacial Surgery
- Neuro Surgery
- ENT Surgery
- Plastic and Reconstructive Surgery
- Cardiothoracic Surgery
- Others
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product Type:
- Hand-pieces
- Drill System
- Saw Systems
- Reamer Systems
- Staplers
- Others
- Accessories
- By Power Source:
- Electrical Instruments
- Battery Powered Instruments
- Pneumatic Instruments
- By Application:
- Orthopedic Surgery
- Oral and Maxillofacial Surgery
- Neuro Surgery
- ENT Surgery
- Plastic and Reconstructive Surgery
- Cardiothoracic Surgery
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Product Type:
- Hand-pieces
- Drill System
- Saw Systems
- Reamer Systems
- Staplers
- Others
- Accessories
- By Power Source:
- Electrical Instruments
- Battery Powered Instruments
- Pneumatic Instruments
- By Application:
- Orthopedic Surgery
- Oral and Maxillofacial Surgery
- Neuro Surgery
- ENT Surgery
- Plastic and Reconstructive Surgery
- Cardiothoracic Surgery
- Others
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- By Product Type:
- Hand-pieces
- Drill System
- Saw Systems
- Reamer Systems
- Staplers
- Others
- Accessories
- By Power Source:
- Electrical Instruments
- Battery Powered Instruments
- Pneumatic Instruments
- By Application:
- Orthopedic Surgery
- Oral and Maxillofacial Surgery
- Neuro Surgery
- ENT Surgery
- Plastic and Reconstructive Surgery
- Cardiothoracic Surgery
- Others
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Product Type:
- Hand-pieces
- Drill System
- Saw Systems
- Reamer Systems
- Staplers
- Others
- Accessories
- By Power Source:
- Electrical Instruments
- Battery Powered Instruments
- Pneumatic Instruments
- By Application:
- Orthopedic Surgery
- Oral and Maxillofacial Surgery
- Neuro Surgery
- ENT Surgery
- Plastic and Reconstructive Surgery
- Cardiothoracic Surgery
- Others
- By Country/Region:
- South Africa
- Central Africa
- North Africa
- Company Profiles
- Stryker Corporation*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Conmed Corporation
- Zimmer Biomet Holdings, Inc.
- Medtronic Plc
- Arthrex, Inc.
- MicroAire Surgical Instruments LLC
- KLS Martin, L.P.
- Smith & Nephew Plc
- DePuy Synthes
- B. Braun Melsungen AG
“*” marked represents similar segmentation in other categories in the respective section.
