The Global Powered Surgical Instrument Market was estimated at $1.9 billion in 2017 and is expected to hit $2.7 billion by 2025, registering a CAGR of 4.2% throughout the forecast period.
Rising demand of non-invasive & minimally invasive surgery and growing geriatric population play a major role in the growth of the powered surgical instrument market. Furthermore, rise in medical tourism in developing countries is expected to boost the market growth in the coming years.
Based on product, the market is divided into power source & controls, accessories and handpieces. Handpieces section is further segmented into six sub divisions namely reamer systems, saw systems, drill systems, shavers, stapler, and others. Power source & controls segment has three sub sections including electric consoles, pneumatic regulators and batteries. Surgical accessories and electrical accessories round off the accessories segment. The accessories segment is expected to garner the highest CAGR throughout the forecast period. This is due to low cost and bulk purchase.
Powered surgical instruments are high-powered specially designed instruments that are used for performing specific or desired actions during a surgery. There are several high-powered surgical drill systems present in the market such as reamer systems, saw systems, stapler, shavers, and other handpieces, which are used during orthopedic, neuro, cardiovascular, cardiothoracic, and various other surgeries.
The report includes an in-depth analysis of research methodology, market scope, market dynamics, market share analysis, product pipeline analysis, key market segments, key growth factors & opportunities, market size & forecast, business performance, key strategic moves and operating business segments. Rise in geriatric population, increase in the number of chronic diseases, growing rate of surgical procedures across the globe and especially, mounting demand for minimally invasive surgeries have rocketed the growth of global powered surgical instrument market. On the other hand, high-price rivalry and unfavorable taxation policy have happened to restrain the growth to certain extent. Nevertheless, various growth opportunities from emerging economies have spurred the growth yet again.
The report provides a comprehensive analysis of the key players operating in the global powered surgical instrument market, namely, AlloTech Co. Ltd., Conmed Corporation, Depuy Synthes (Johnson & Johnson), Medtronic plc, Stryker Corporation, Zimmer Biomet, adeor Medical AG, Smith & Nephew plc, B. Braun Melsungen AG, and MicroAire Surgical Instruments, LLC.
- The other players in the value chain include:
- De Soutter Medical Ltd.
- GEISTER Medizintechnik GmbH
- Peter Brasseler Holdings, LLC
- Ruijin Medical Instrument & Device Co., Ltd.
- Intrauma S.p.A., and others
Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
0 Comments