Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Powered Surgical Instruments Market - Insights

Powered surgical instruments play a key role in operation theaters and are becoming an important part of surgical procedures. Powered surgical instruments are considered to be surgical devices with accessories used to shape, fixate, cut, drill or dissect a bone. They are used to emulsify, fragment, and aspirate soft tissues in multiple procedures such as sports surgery and reconstructive surgeries, extremity procedures, and surgeries including neurological, ENT, spinal cord surgeries, and others. These surgeries require highly skilled and technically expert surgeons. Moreover, powered surgical tools are required for these surgeries, which help surgeons to achieve precision and accuracy in extensive surgical procedures.

These instruments are usually operated through three power sources, which includes battery power, electric power, and pneumatic power. Powered surgical instruments are also available in the form of reusable as well as single-use devices. Single-use powered surgical instruments reduce the risk of infection as compared to reusable devices, which in turn is increasing demand for these devices. This is further expected to drive the global powered surgical instruments market growth. The introduction of robot-assisted surgical procedures using powered surgical instruments and increasing technological advancements in surgical equipment are expected to create opportunities for the global powered surgical instruments market over the forecast period.

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)

Figure 1. Global Powered Surgical Instruments Market Share (%), by Product Type, (2019 & 2027)

Powered Surgical Instruments  | Coherent Market Insights

Source: Coherent Market Insights (2020)

Increasing preference of physicians for robotic surgery is expected to drive the global powered surgical instruments market growth

Lack of skilled surgical experts and increasing number of surgical procedures performed in a day are driving demand for robotic surgical procedures. There is shortage of physicians as compared to number of patients for performing surgeries. According to Association of American Medical Colleges (AAMC) in 2019, it is estimated that the physicians’ shortage could reach 122,000 physicians by 2032 in the U.S. Thus, the demand for robotic surgeries in North American and European countries is expected to increase due to rising adoption of minimally invasive surgeries by physicians, which speeds up the process of surgery and helps in reducing the surgery cost.

Increasing adoption of technologies such as robotic surgical instruments by hospitals

Major hospitals such as Apollo hospital, Summerlin hospital, and others are engaged in installing robotic surgical unit system in hospitals to enhance patient care and for better surgery outcomes. For instance, in December 2019, Apollo Hospitals Bangalore launched the first dedicated Robot-assisted Cardiac Surgery Unit in India. The unit will be equipped with advanced fourth-generation versatile ‘da Vinci Xi’ robotic surgical system. Increasing product launches and approvals by manufacturers are expected to boost the global powered surgical instruments market growth. For instance, in January 2019, Medtronic Plc launched its Mazor X Stealth robotic-assisted spinal surgical platform in the U.S., showcasing its use in its first surgical procedures.

Global Powered Surgical Instruments Market - Regional Analysis

On the basis of region, the global powered surgical instruments market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the market, owing to presence of key players such as Stryker Corporation, Zimmer Biomet, Ethicon, and others in the region. These manufacturers are engaged in developing and launching new innovative products and offer huge portfolio of products used in performing surgeries. For instance, Stryker Corporation offers huge portfolio of powered surgical tools including small, large, and medium sized bone power tools, drill systems, neuro and spine tools, and others. This is expected to boost the North America powered surgical instruments market growth in the global powered surgical instruments market.

Asia Pacific is expected to witness the largest growth rate in the powered surgical instruments market during the forecast period, owing to rising expenditure on healthcare by the population and increasing adoption rate of powered surgical tools with robotic technologies by hospitals and physicians. For instance, in 2017, the U.S.-based Vattikuti Foundation announced that it is focusing on India to make India the second largest market for robotic surgery in the world after the U.S., with the aim of installing 200 more robots in hospitals and reaching the target of 20,000 robotic-assisted surgeries per year by 2020. This is expected to propel the Asia Pacific powered surgical instruments market growth in the global powered surgical instruments market.

Figure 2: Global Powered Surgical Instruments Market Share (%), By Region, 2019

Powered Surgical Instruments  | Coherent Market Insights

Source: Coherent Market Insights (2020)

Restraints

Major factors restraining the global powered surgical instruments market growth are product recall, unfavorable reimbursement policies, and threat of surgical site contamination with the use of reusable devices. For instance, in October 2019, Ethicon (Johnson & Johnson subsidiary) initiated Class I recall of its Echelon Flex Endopath staplers.

Key Players

Some of the major players operating the global powered surgical instruments market 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.

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:
        • U.S.
        • Canada
    • 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.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. 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)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
    • Unmet Needs
    • Regulatory Scenario
    • Product Recalls
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Epidemiology
  4. 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)
    • Accessories
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 - 2027, (US$ Million)
  5. 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)
  6. 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)
  7. Global Powered Surgical Instruments Market, By Region, 2016 - 2027 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Power Source, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Power Source, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Power Source, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Power Source, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Power Source, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2016 – 2027 (US$ Mn)
        • Central Africa
        • South Africa
        • North Africa
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Power Source, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027 (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • Conmed Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • Zimmer Biomet Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • Medtronic Plc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • Arthrex, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • MicroAire Surgical Instruments LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • KLS Martin, L.P
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • Smith & Nephew Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • DePuy Synthes
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategy
      • Analyst Views
  9. Section
    • Research Methodology
    • About us and Services

*Browse 45 market data tables and 30 figures on Powered Surgical Instruments Market - Global forecast to 2027”

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