Global Powered Surgical Instruments Market is Growing at a Significant Rate in the Forecast Period 2018-2025
Global Powered Surgical Instruments Market According to Data Bridge Market Research new Market report ,By Product Type (Drill, Saw, Stapler, Reamer, Console, Cables, Blade, Burr, Cart), By Power Source ( Electric, Battery, Pneumatic), By Application ( Orthopedic ENT, Oral, Thoracic, Neurology), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast is projected to reach USD 2.86 billion by 2025, at a CAGR of 5.0% during the forecast period of 2018 to 2025.
Global Powered Surgical Instruments Market
Surgical care is a very essential part of health care. It is very essential to treat various medical conditions such as disease, repair of an injury or to improve the bodily functions. Powered surgical instruments are widely used for cutting, reaming and sawing. The U.S. represents the largest powered surgical instruments market. The surgical procedures have been rising rapidly in the U.S. between2001-2017. During this period, prevalence of musculoskeletal procedures has drastically increased in the U.S, from 17.9% to 24.2%,it was also found that there is a rapid rise in incidence of chronic musculoskeletal disorders in geriatric population throughout the world.
In 2014, Stryker Corporation was a leading player in this market. It accounts for 30% of the global powered surgical instrument market.
Segmentation: Global Powered Surgical Instruments Market
The global market for powered surgical instruments by the following sub-categories is presented
- By Product Type
- By Power Source
- By Application
- Orthopedic ENT
- By Geography
- North America
- South America
- Middle East and Africa
FACTORS DRIVING GROWTH IN THE GLOBAL POWERED SURGICAL INSTRUMENTS MARKET:
Increase in the volume of surgeries around the world due to chronic medical conditions:
According to the press release of GE Healthcare on June 2014, in 2010, there were around 5.3 million orthopedic surgeries. By 2020, this number is expected to rise to 6.6 million. The major reason for this increase in surgeries would be ageing population. The data estimates there will be 106,900 surgeries in patients under the age of 15, 579,300 in patients between 15 and 44 years old, more than 44 million in patients between 45 and 64 years old and 3 million surgeries among patients older than 65.
According to national estimates of musculoskeletal procedures 2011, in 2011, around 645,062 total knee replacements were performed, 306,600 total hip replacements were performed, 105,509 partial hip replacements were performed, 29,414 total shoulder replacements were performed, 15,560 partial shoulder replacements were performed, and 465,070 spinal fusions were performed. This number is expected to rise in future.
The cases of orthopedic surgeries and neurological surgeries are on rise due to the increase in ageing population or due to increase in traumatic injury. Hence, this market is expected to achieve a strong platform in future.
New product launches and technological advancement in power surgical tools.
Electrically powered devices are now used everywhere and had made the work of surgeons easier. They are used to treat even more serious injuries. The technological advancements of power tools make operations less invasive and keep tissue damage to minimum, leading to a shorter recovery time. Today, due to various technological advancements, the powered surgical instruments are been used with the help of batteries which were earlier used with the help of electricity. Today surgical batteries are using lithium ion instead of Ni-cad because of higher density of Li ions, which allows long run. Weight of lithium ion batteries on the other hand plays an attractive role as they are light weight. Today various market players in the market are designing and manufacturing battery powered surgical instruments with ergonomic design, and high performances.
CONMED launched Hall lithium battery system, which is used in reconstructive orthopedic procedures, has twice the power than standard batteries for uninterrupted use in surgery procedure.
CareFusion Launches New Electrosurgical Product Line, this is a bipolar electrosurgical instruments which include both forceps and scissors with approximately 200 options including non-stick, titanium and irrigating options to meet the specific requirements of surgeons as it causes less thermal damage to nearby tissue compared to monopolar instruments.
Hence, with the new technological advancements and with surgeons getting more attracted towards easy surgical procedures with lessinvasion, the powered surgical instrument market is expected to gain a rapid growth in future.
Some of the major players in powered surgical instruments market are maxon motor ag, BD, Sklar Surgical Instruments, CONMED Corporation, CooperSurgical Inc. Medtronic, De Soutter Medical, B. Braun Melsungen AG, ACF POWER TOOLS TECHNOLOGY, AYGUN CO.,INC, Stryker, DePuy Synthes, Zimmer Inc., scil animal care company GmbH, Bojin Medical Instrument Co.,Ltd, Nouvag, Surtex Instruments Limited, B. Braun Melsungen AG.
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