Increasing Volume of Surgical Procedures Pushing Global Powered Surgical Instrument Market to reach $2,731 million by 2025 Powered surgical instruments are high-powered specially designed instruments that are used for performing specific or desired actions during a surgery. There are several highpowered 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 global powered surgical instrument market is expected to exhibit significant growth during the forecast period due to increasing prevalence of chronic diseases globally and growing aging population. In addition, increasing volume of surgical procedures further supplements the growth of the global market. However, pressure of reducing healthcare cost and lack of skilled personnel in the developing countries are projected to impede the market growth. On the contrary, growing medical tourism in developing countries is expected to provide lucrative opportunities for the market growth.
According to a new report published by Allied Market Research, titled,"Powered Surgical Instrument Market by Product, Power Source, and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global powered surgical instrument market generated $1,943 million in 2017 and is projected to reach $2,731 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. The handpieces segment accounted for more than three-fifth of the total market share in 2017.
Based on product, the market is segmented into handpieces, power source & controls, and accessories. Handpieces segment is further divided into drill systems, reamer systems, saw systems, stapler, shavers, and others. Power source & controls segment is further divided into batteries, electric consoles, and pneumatic regulators. Accessories segment is further divided into surgical accessories and electrical accessories. The accessories segment is anticipated to exhibit the highest CAGR during forecast period due to bulk purchase, low cost, and shorter lifespan than the product. By application, the market is classified into orthopedic surgery, neurosurgery, ENT surgery, cardiovascular surgery, plastic surgery, cardiothoracic surgery, and others. The orthopedic surgery segment was the major revenue contributor in 2017 and is projected to continue this trend during the forecast period, due to the rising demand of minimally invasive surgery in orthopedics and growing aging population which in turn increases the demand of powered surgical instruments in orthopedic surgery. Top Key Players : • • • • • • • • • •
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 MicroAire Surgical Instruments LLC.
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