Global Powered Surgical Instruments Market
Marktgröße in Milliarden USD
CAGR : %
Prognosezeitraum |
2023 –2030 |
Marktgröße (Basisjahr) | USD 2.65 Billion |
Marktgröße (Prognosejahr) | USD 3.73 Billion |
CAGR |
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Wichtige Marktteilnehmer |
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Global Powered Surgical Instruments Market, By Power Source (Electric Instruments, Battery-Powered Instruments, Pneumatic Instruments), Product (Handpieces, Power Sources and Controls, Accessories), Application (Orthopedic Surgery, Oral and Maxillofacial Surgery, Neurosurgery, ENT Surgery, Cardiothoracic Surgery, Plastic and Reconstructive Surgery) – Industry Trends and Forecast to 2030.
Powered Surgical Instruments Market Analysis and Size
An increase in various innovations in technology is being made such as surgical robotics, which is the vital factor escalating the market growth. Also, an increase in surgical procedures and a rise in the prevalence of diseases due to a sedentary lifestyle are the major factors expected to drive market growth. Moreover, an increase in the R&D activities in the market and an increase in the technological advancements and production techniques in the healthcare sector are expected to create opportunities for market growth in the forecast period.
Data Bridge Market Research analyzes that the global powered surgical instruments market which was USD 2.65 billion in 2022, would rocket up to USD 3.73 billion by 2030, and is expected to undergo a CAGR of 4.15% during the forecast period. This indicates the market value. The “Electric Instruments” segment dominates the power source segment of the global powered surgical instruments market owing to the growing demand for powered surgical instruments for surgeries. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Powered Surgical Instruments Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Year |
2021 (Customizable to 2015 - 2020) |
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered |
By Power Source (Electric Instruments, Battery-Powered Instruments, Pneumatic Instruments), Product (Handpieces, Power Sources and Controls, Accessories), Application (Orthopedic Surgery, Oral and Maxillofacial Surgery, Neurosurgery, ENT Surgery, Cardiothoracic Surgery, Plastic and Reconstructive Surgery) |
Countries Covered |
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia- Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and Rest of Middle East and Africa |
Market Players Covered |
Johnson & Johnson Services, Inc. (U.S.), B. Braun Melsungen AG (Germany), Smith & Nephew Inc. (Germany), Zimmer Biomet (U.S.), Medtronic (Ireland), CONMED Corporation (U.S.), Stryker (U.S.), Abbott (U.S.), DePuy Synthes (U.S.), De Soutter Medical (U.K.), adeor medical AG (Germany), Exactech Inc. (U.S.), Surtex Instruments Limited (U.K.), RIMEC S.R.L. (Italy), MicroAire Surgical Instruments LLC. (U.S.), GEISTER MEDIZINTECHNIK GmbH (Germany), Panther Healthcare (China), Brasseler USA (U.S.), Alcon (Switzerland), and KLS Martin Group (Germany) |
Market Opportunities |
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Market Definition
Powered surgical instruments are instruments that are used to assist in numerous kinds of surgeries. They are either pneumatic or electrical by a power source. These instruments help in providing greater efficiencies and hence, reduce the time required for surgery. They can be used to clean, inspect, and sterilize at the time of the procedure. The various development and innovations in the fields of neurology, dentistry, cardiology, orthopedics, and otology have increased the demand for powered surgical instruments.
Global Powered Surgical Instruments Market Dynamics
Drivers
- Rising Number of Surgeries
The growing number of surgical procedures is directly influencing the demand for medical instruments that offer more precision and emerging technologies such as wide-angle illumination, red reflex illumination, and Augmented Reality (AR) microscopy. This, in turn, has carved the way for the market growth.
- Increased Demand for Enhanced Patient Safety
Patient safety is a major concern in surgical procedures. Powered surgical instruments offer features such as real-time feedback, better control, and less tissue damage, improving patient safety. The increasing emphasis on patient safety is leading to the introduction of electrically powered surgical instruments in various surgical specialties.
- R&D Proficiencies
Rising expenditures for R&D proficiencies especially in the developed and developing economies pertaining to medical instruments and devices are expected to drive market growth. R&D proficiencies being conducted to develop medical instruments are also bolstering the market growth rate.
- Growing Investment for Healthcare Facilities
Surging focus on improving the condition of healthcare facilities and improving the overall healthcare infrastructure is another important factor fostering market growth. The rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is expected to drive market growth.
Opportunities
- Expansion of Product Portfolio
Expanding the range of electrical surgical instruments to cover a wider range of surgical specialties is expected to create opportunities for market growth. The development of specialized instruments such as cardiovascular surgery, gynecology, urology, and otolaryngology (ear, nose, and throat surgery) can address unmet needs and open new market segments.
- Collaboration with Surgeons and Research Institutions
Collaboration with leading surgeons and research institutions can facilitate product development, clinical validation, and market access. By collaborating with key opinion leaders and participating in research, effective surgical instrument manufacturers can strengthen their market position and drive adoption among surgeons and healthcare institutions.
Restraints
- High Cost of Instruments
Powered surgical instruments can be expensive, which can create financial problems for healthcare providers and limit their adoption. The high cost of the devices and the need for additional training and maintenance may prevent some healthcare facilities from investing in these technologies.
- Limited Reimbursement Policies
Inadequate or limited reimbursement practices for defective surgical instruments and related procedures may restrain market growth. If healthcare payers do not provide adequate coverage or reimbursement, healthcare providers may be reluctant to invest in these tools, affecting their adoption rates.
Challenges
- Strict Regulatory Compliance
Powered surgical instruments are subject to strict regulatory standards to ensure patient safety. Complying with these legal requirements and obtaining the necessary approvals can be a complex and time-consuming process. Compliance with evolving regulations and changing standards can present challenges for manufacturers.
- Product Liability and Safety Concerns
Patient safety is a major concern in surgical procedures. Powered surgical instruments offer features such as real-time feedback, better control, and less tissue damage, improving patient safety. The increasing emphasis on patient safety is leading to the introduction of electrically powered surgical instruments in various surgical specialties.
This powered surgical instruments market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyzes 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, and technological innovations in the market. To gain more info on the global powered surgical instruments market, contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In September 2021, Panther Healthcare launched the Smart Powered Stapler platform, which provides intelligent and automated control of tissue fixation,and resection across gastrointestinal (including bariatric), thoracic, colorectal, oncology, gynecology, and other open and laparoscopic surgical procedures. The device was released in Europe, the Middle East and Africa, Asia, and Latin America.
- In March 2021, Ethicon announced the global launch of the ECHELON stapler with GST Recharges. It is a new high-performance surgical staple designed to increase the safety of baselines and reduce complications through more uniform tissue compression and better stapling.
Global Powered Surgical Instruments Market Scope
The powered surgical instruments market is segmented on the basis of power source, product, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Power Source
- Electric Instruments
- Battery-Powered Instruments
- Pneumatic Instruments
Product
- Handpieces
- Power Sources and Controls
- Accessories
Application
- Orthopedic Surgery
- Oral and Maxillofacial Surgery
- Neurosurgery
- ENT Surgery
- Cardiothoracic Surgery
- Plastic and Reconstructive Surgery
Global Powered Surgical Instruments Market Regional Analysis/Insights
The global powered surgical instruments market is analyzed and market size insights and trends are provided by country, power source, product, and application as referenced above.
The countries covered in the global powered surgical instruments market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America dominates the global powered surgical instruments market due to the strong base of healthcare facilities, the strong presence of major players in the market, and increasing cases of surgical procedures involving surgical-powered instruments in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness about powered surgical instruments, the availability of massive untapped markets, the large population pool, and the growing demand for quality surgical procedures in the region.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the 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 global powered surgical instruments market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the market, the impact of technology using lifeline curves, and changes in healthcare regulatory scenarios and their impact on the market. The data is available for the historic period 2010-2020.
Competitive Landscape and Global Powered Surgical Instruments Market Share Analysis
The global powered surgical instruments market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the global powered surgical instruments market are:
- Johnson & Johnson Services, Inc. (US)
- B. Braun Melsungen AG (Germany)
- Smith & Nephew Inc. (Germany)
- Zimmer Biomet (US)
- Medtronic (Ireland)
- CONMED Corporation (US)
- Stryker (US)
- Abbott (U.S.)
- DePuy Synthes (U.S.)
- De Soutter Medical (U.K.)
- adeor medical AG (Germany)
- Exactech Inc. (U.S.)
- Surtex Instruments Limited (U.K.)
- RIMEC S.R.L. (Italy)
- MicroAire Surgical Instruments LLC. (U.S.)
- GEISTER MEDIZINTECHNIK GmbH (Germany)
- Panther Healthcare (China)
- Brasseler USA (U.S.)
- Alcon (Switzerland)
- KLS Martin Group (Germany)
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