Powered Surgical Instruments Market

Powered Surgical Instruments Market by Products (Power Source & Control, Accessories, and Handpiece), Applications (ENT Surgery, Neurosurgery, Orthopedic Surgery, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-687
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 142
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The power surgical instruments market size was valued at USD 2.01 billion in 2020 and are projected to reach USD 2.57 billion by 2028, expanding at a CAGR of 3.07%% during the forecast period, 2021–2028. The growth of the market is attributed to the rising numbers of surgical requirements along with technological advancements.

In the operating room, Powered Surgical Instruments (PSI) serve a distinctive function. They save time during surgical operations and give functionality and consistency in surgical processes. PSIs are intricate surgical instruments, and the methods for cleaning, inspecting, and sterilizing them are equally complicated. These devices are widely used in orthopedic, cardiovascular, neurosurgery, plastic reconstruction surgery, and other operations for cutting, drilling, sculpting, shaving, and ultrasonic cell disruption.

Inorganic growth tactics such as acquisitions, mergers, and partnerships are being used by companies to expand their product ranges. For example, Aesthetx, a medical and cosmetics company, used power tools for Rhinoplasty in 2017, resulting in little soft tissue damage. The Piezo method is the name for this operation. Piezo is a device that slices bones and detects soft tissue.

Global Powered Surgical Instruments Market Summary

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand for minimally invasive operations is expected to boost market growth in the coming years.
  • Rapid growth of the medical tourism industry is a key factor driving the market growth during the forecast period.
  • Increasing geriatric population and growing awareness of these surgical instruments are anticipated to propel the market growth during the forecast period.
  • Lack of sterilizing procedures and experienced professions present major challenges that can hamper the market expansion in the coming years.
  • High maintenance cost of these surgical instruments is estimated to impede the market growth.
  • R&D investment and technological advancements for surgical instruments are anticipated to create immense opportunities for the market players.

Scope of the Report

The report on the power surgical instruments market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Powered Surgical Instruments Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Power Source & Control, Accessories, and Handpiece) and Applications (ENT Surgery, Neurosurgery, Orthopedic Surgery, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Johnson & Johnson, B. Braun Melsungen Ag, Stryker Co., Medtronic Incorporated, Smith & Nephew, Conmed Co., Desoutter Medical Ltd, and Zimmer Holdings

Market Segment Insights

Handpiece segment is anticipated to register at a substantial CAGR
On the basis of products, the power surgical instruments market is segregated into power source & control, accessories, and handpiece. The handpiece segment is expected to account for a key share of the market during the forecast period owing to characteristics such as increased power, improved efficiency, lightweight frames, and simplicity of use over other instruments. On the other hand, the power source & control segment is anticipated to expand at a rapid pace during the forecast period due to factors like government assistance in some countries, attractive reimbursement systems, technological improvements, and rising demand for less invasive surgical treatments. Furthermore, the rise in the prevalence of sports injuries, as well as the number of reconstructive procedures are expected to augment the growth of the market.

Global Powered Surgical Instruments Market By Product

Orthopedic Surgery segment is projected to hold a key market share
In terms of applications, the power surgical instruments market is divided into ENT surgery, neurosurgery, orthopedic surgery, and others. The orthopedic surgery segment is expected to constitute a key share of the market in the coming years owing to the world's big senior population and the rising occurrence of accidents and bone illnesses.

Global Powered Surgical Instruments Market By Application

Asia Pacific is expected to dominate the market
On the basis of regions, the power surgical instruments market is classified/categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at a healthy CAGR during the forecast period. The regional market growth can be attributed to due to factors such as increased accessibility to healthcare facilities in the region, rising prevalence of cardiovascular diseases, chronic diseases like cancer, medical tourism, orthopedic conditions, and neurological diseases, rising investment in health care, and growing prevalence of lifestyle-related diseases. However, the market of North America is expected to exhibit a rapid growth rate in the coming years owing to the region's growing elderly population and technological developments. Furthermore, favorable reimbursement regulations, the local presence of important market players, and government programmes that enhance access to modern power equipment for surgical operations and training sessions for physicians are all contributing to the region's growth.

Global Powered Surgical Instruments Market By Region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Powered Surgical Instruments Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Powered Surgical Instruments Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Powered Surgical Instruments Market - Supply Chain
  4.5. Global Powered Surgical Instruments Market Forecast
     4.5.1. Powered Surgical Instruments Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Powered Surgical Instruments Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Powered Surgical Instruments Market Absolute $ Opportunity
5. Global Powered Surgical Instruments Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Powered Surgical Instruments Market Size and Volume Forecast by Types
     5.3.1. Power Source & Control
     5.3.2. Accessories
     5.3.3. Handpiece
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Powered Surgical Instruments Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Powered Surgical Instruments Market Size and Volume Forecast by Applications
     6.3.1. ENT Surgery
     6.3.2. Neurosurgery
     6.3.3. Orthopedic Surgery
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Powered Surgical Instruments Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Powered Surgical Instruments Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Powered Surgical Instruments Demand Share Forecast, 2019-2026
8. North America Powered Surgical Instruments Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Powered Surgical Instruments Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Powered Surgical Instruments Market Size and Volume Forecast by Types
     8.4.1. Power Source & Control
     8.4.2. Accessories
     8.4.3. Handpiece
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Powered Surgical Instruments Market Size and Volume Forecast by Applications
     8.7.1. ENT Surgery
     8.7.2. Neurosurgery
     8.7.3. Orthopedic Surgery
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Powered Surgical Instruments Demand Share Forecast, 2019-2026
9. Latin America Powered Surgical Instruments Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Powered Surgical Instruments Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Powered Surgical Instruments Market Size and Volume Forecast by Types
     9.4.1. Power Source & Control
     9.4.2. Accessories
     9.4.3. Handpiece
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Powered Surgical Instruments Market Size and Volume Forecast by Applications
     9.7.1. ENT Surgery
     9.7.2. Neurosurgery
     9.7.3. Orthopedic Surgery
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Powered Surgical Instruments Demand Share Forecast, 2019-2026
10. Europe Powered Surgical Instruments Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Powered Surgical Instruments Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Powered Surgical Instruments Market Size and Volume Forecast by Types
     10.4.1. Power Source & Control
     10.4.2. Accessories
     10.4.3. Handpiece
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Powered Surgical Instruments Market Size and Volume Forecast by Applications
     10.7.1. ENT Surgery
     10.7.2. Neurosurgery
     10.7.3. Orthopedic Surgery
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Powered Surgical Instruments Demand Share Forecast, 2019-2026
11. Asia Pacific Powered Surgical Instruments Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Powered Surgical Instruments Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Powered Surgical Instruments Market Size and Volume Forecast by Types
     11.4.1. Power Source & Control
     11.4.2. Accessories
     11.4.3. Handpiece
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Powered Surgical Instruments Market Size and Volume Forecast by Applications
     11.7.1. ENT Surgery
     11.7.2. Neurosurgery
     11.7.3. Orthopedic Surgery
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Powered Surgical Instruments Demand Share Forecast, 2019-2026
12. Middle East & Africa Powered Surgical Instruments Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Powered Surgical Instruments Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Powered Surgical Instruments Market Size and Volume Forecast by Types
     12.4.1. Power Source & Control
     12.4.2. Accessories
     12.4.3. Handpiece
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Powered Surgical Instruments Market Size and Volume Forecast by Applications
     12.7.1. ENT Surgery
     12.7.2. Neurosurgery
     12.7.3. Orthopedic Surgery
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Powered Surgical Instruments Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Powered Surgical Instruments Market: Market Share Analysis
  13.2. Powered Surgical Instruments Distributors and Customers
  13.3. Powered Surgical Instruments Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Johnson & Johnson
     13.4.2. B. Braun
     13.4.3. Melsungen Ag
     13.4.4. Stryker Co.
     13.4.5. Medtronic Incorporated
     13.4.6. Smith & Nephew
     13.4.7. Conmed Co.
Segments Covered in the Report
The power surgical instruments market has been segmented on the basis of

Products
  • Power Source & Control
  • Accessories
  • Handpiece
Applications
  • ENT Surgery
  • Neurosurgery
  • Orthopedic Surgery
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Johnson & Johnson
  • B. Braun
  • Melsungen Ag
  • Stryker Co.
  • Medtronic Incorporated
  • Smith & Nephew
  • Conmed Co.
  • Desoutter Medical Ltd
  • Zimmer Holdings

Key players competing in the power surgical instruments market include Johnson & Johnson, B. Braun Melsungen Ag, Stryker Co., Medtronic Incorporated, Smith & Nephew, Conmed Co., Desoutter Medical Ltd, and Zimmer Holdings.

Smith & Nephew Plc paid USD 105 million for Ceterix Orthopaedics, Inc. in December 2018. Novostitch Pro, a meniscal repair method created for arthroscopic knee repair, is one of the company's products. Smith & Nephew may be able to offer surgeons a unique therapeutic option that addresses unmet medical requirements as a result of the purchase.

Global Powered Surgical Instruments Market By Key Players

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