Europe Powered Surgical Instruments Market, By Power Source (Electric Instruments, Battery- Powered Instruments and Pneumatic Instruments), Product (Hand pieces, Power Sources and Controls and Accessories), Application (Orthopaedic Surgery, Oral and Maxillofacial SurgeryNeurosurgery, ENT Surgery, Cardiothoracic Surgery and Plastic and Reconstructive Surgery), Country (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest Of Europe) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Powered Surgical Instruments Market
Data Bridge Market Research analyses that the Europe powered surgical instruments market will exhibit a CAGR of around 6.80% for the forecast period of 2021-2028. Rising demand for minimally invasive surgeries, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing number of robotic aided surgical procedures and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of powered surgical instruments market.
Powered surgical instruments are the precision-engineered medical devices that are designed to be used during surgical procedures. The powered surgical instruments are used by the surgeons to undertake surgical operations with greater precision and accuracy. The powered surgical instruments are used in various fields such as neurology, dentistry, cardiology, orthopaedics and otology.
Upsurge in the prevalence of a wide range of lifestyle diseases and other injuries globally are the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with growing prevalence of arthroscopy is another market growth determinant. Rising number of hospitals and diagnostic centres and surging application in dental procedures will further generate lucrative market growth opportunities.
However, high costs associated with the devices and unfavourable regulatory scenario will derail the market growth rate. Lack of medical experts especially in the developing and underdeveloped economies and stringent regulations imposed by the government on product approvals will further pose challenges for the market. Also, inadequate quality assurance regulations and lack of adequate sterilization equipment will also hamper the market growth rate.
This Europe powered surgical instruments market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Europe powered surgical instruments market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Powered Surgical Instruments Market Scope and Market Size
The Europe powered surgical instruments market is segmented on the basis of power source, product and application. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on power source, the powered surgical instruments market is segmented into electric instruments, battery- powered instruments and pneumatic instruments.
- Based on product, the powered surgical instruments market is segmented into hand pieces, power sources and controls and accessories.
- Powered surgical instruments market is also segmented on the basis of application into orthopedic surgery, oral and maxillofacial surgery, neurosurgery, ENT surgery, cardiothoracic surgery, plastic and reconstructive surgery.
Europe Powered Surgical Instruments Market Country Level Analysis
The Europe powered surgical instruments market is analysed and market size insights and trends are provided by country, power source, product and application as referenced above.
The countries covered in the Europe powered surgical instruments market report are Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe.
The country section of the Europe powered surgical instruments market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The Europe powered surgical instruments market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Europe powered surgical instruments market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe powered surgical instruments market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Europe Powered Surgical Instruments Market Share Analysis
The Europe powered surgical instruments market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Europe powered surgical instruments market.
The major players covered in the Europe powered surgical instruments market report are Medtronic, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Stryker, Smith & Nephew Inc., Zimmer Biomet, CONMED Corporation, Abbott, DePuy Synthes, De Soutter Medical, GST Corporation Limited, Allotech, Inc., adeor medical AG., Exactech, Inc., Surtex Instruments Limited., RIMEC S.R.L., GEISTER MEDIZINTECHNIK GmbH and Wuhu Ruijin Medical Instrument & Device Co, ltd. among other domestic. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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