Global Powered Surgical Instruments Market, Trends, Size By Power Source (Electric Instruments, Battery-Powered Instruments, and Pneumatic Instruments), By Product (Handpieces, Power Sources, and Controls, and Accessories), By Application (Orthopedic Surgery, Oral and Maxillofacial Surgery, Neurosurgery, ENT Surgery, Cardiothoracic Surgery, and Plastic and Reconstructive Surgery), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Powered Surgical Instruments Market
The Global Powered Surgical Instruments Market was valued at US$ 2.78 Bn in 2022, estimated to reach US$ 3.43 Bn by 2030, with a CAGR of 2.66% from 2023-2030.
During surgical procedures, powered surgical instruments are specifically engineered technology instruments. These tools are more effective and cut down on the amount of time needed for an operation. These tools are used in orthopedic surgery, neurosurgery, oral surgery, plastic reconstructive surgery, and other surgical procedures to give precise drilling, cutting, sculpting, shaving, and other practices.
Market Drivers
The aging population, rising surgical volume globally, and rising demand for less invasive treatments are driving market expansion. Innovative and disruptive technological developments have also favorably impacted the market, such as surgical robotics. Additionally, a growing geriatric population and increased knowledge of the benefits of these instruments are anticipated to fuel market growth. The global expansion of the Powered Surgical Instruments Market is anticipated to benefit from the rising medical tourism in developed nations.
Market Restraints
The market's growth is projected to be constrained by issues such as poor quality assurance and persistent cost-cutting pressure on healthcare providers. In addition, the shortage of qualified specialists is anticipated to hamper the market growth in the coming years.
Market Segmentation
The scope of the Global Powered Surgical Instruments Market covers segmentation based on Power Source, Product, Application and Region.
Based on Power Source, the market is divided into Electric Instruments, Battery-Powered Instruments, and Pneumatic Instruments.
Based on Product, the market is classified into Handpieces, Power Sources, and Controls, and Accessories.
Based on Application, the market is bifurcated into Orthopedic Surgery, Oral and Maxillofacial Surgery, Neurosurgery, ENT Surgery, Cardiothoracic Surgery, and Plastic and Reconstructive Surgery.
Regional Analysis
The Global Powered Surgical Instruments Market is segmented into 5 main regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America is estimated to hold a major market share. Technology development, the incidence of chronic diseases, rising surgical volume, senior patients' expectations of higher levels of function, and payment schemes that encourage sophisticated fusion surgery are the main factors driving the market for powered surgical equipment.
Additionally, nearly half of Americans suffer cardiovascular disorders, such as hypertension, coronary heart disease, etc., according to statistics released by the American Heart Association in January 2019. The market for powered surgical instruments is driven by the prevalence of cardiac disorders, which creates a need for cardiovascular procedures.
Key Players
Medtronic, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Stryker, Smith & Nephew Inc., Zimmer Biomet, CONMED Corporation, Abbott, DePuy Synthes, De Soutter Medical.
Market Taxonomy
By Power Source
- Electric Instruments
- Battery-Powered Instruments
- Pneumatic Instruments
- Handpieces
- Power Sources and Controls
- Accessories
- Orthopedic Surgery
- Oral and Maxillofacial Surgery
- Neurosurgery
- ENT Surgery
- Cardiothoracic Surgery
- Plastic and Reconstructive Surgery
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Powered Surgical Instruments Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.2.4 Cumulative Impact due to recent Energy Crisis
- 4.2.5 Cumulative Impact due to nearing economic downturn.
- 4.2.6 Post covid-19 world Supply& Demand conditions
- 4.2.7 Cumulative Impact of Russia-Ukraine Conflict
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Powered Surgical Instruments Market, By Power Source
- 5.1 Y-o-Y Growth Comparison, By Product and Services
- 5.2 Global Powered Surgical Instruments Market Share Analysis, By Power Source
- 5.3 Global Powered Surgical Instruments Market Size and Forecast, By Power Source
- 5.3.1 Electric Instruments
- 5.3.2 Battery-Powered Instruments
- 5.3.3 Pneumatic Instruments
- 6 Global Powered Surgical Instruments Market, By Product
- 6.1 Y-o-Y Growth Comparison, By Product
- 6.2 Global Powered Surgical Instruments Market Share Analysis, By Product
- 6.3 Global Powered Surgical Instruments Market Size and Forecast, By Product
- 6.3.1 Handpieces
- 6.3.2 Power Sources and Controls
- 6.3.3 Accessories
- 7 Global Powered Surgical Instruments Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Powered Surgical Instruments Market Share Analysis, By Application
- 7.3 Global Powered Surgical Instruments Market Size and Forecast, By Application
- 7.3.1 Orthopedic Surgery
- 7.3.2 Oral and Maxillofacial Surgery
- 7.3.3 Neurosurgery
- 7.3.4 ENT Surgery
- 7.3.5 Cardiothoracic Surgery
- 7.3.6 Plastic and Reconstructive Surgery
- 8 Global Powered Surgical Instruments Market, By Region
- 8.1 Global Powered Surgical Instruments Market Share Analysis, By Region
- 8.2 Global Powered Surgical Instruments Market Size and Forecast, By Region
- 8.3 Global Powered Surgical Instruments Market Trends and Forecast, By Region
- 9 North America Powered Surgical Instruments Market Analysis and Forecast (2023-2030)
- 9.1 Introduction
- 9.2 North America Powered Surgical Instruments Market Share Analysis, By Power Source
- 9.3 North America Powered Surgical Instruments Market Size and Forecast, By Product
- 9.4 North America Powered Surgical Instruments Market Size and Forecast, By Application
- 9.5 North America Powered Surgical Instruments Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.1.1 Market Size and Forecast, By Power Source
- 9.5.1.2 Market Size and Forecast, By Product
- 9.5.1.3 Market Size and Forecast, By Application
- 9.5.2 Canada
- 9.5.2.1 Market Size and Forecast, By Power Source
- 9.5.2.2 Market Size and Forecast, By Product
- 9.5.2.3 Market Size and Forecast, By Application
- 9.5.3 Mexico
- 9.5.3.1 Market Size and Forecast, By Power Source
- 9.5.3.2 Market Size and Forecast, By Product
- 9.5.3.3 Market Size and Forecast, By Application
- 10 Europe Powered Surgical Instruments Market Analysis and Forecast (2023-2030)
- 10.1 Introduction
- 10.2 Europe Powered Surgical Instruments Market Share Analysis, By Power Source
- 10.3 Europe Powered Surgical Instruments Market Size and Forecast, By Product
- 10.4 Europe Powered Surgical Instruments Market Size and Forecast, By Application
- 10.5 Europe Powered Surgical Instruments Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.1.1 Market Size and Forecast, By Power Source
- 10.5.1.2 Market Size and Forecast, By Product
- 10.5.1.3 Market Size and Forecast, By Application
- 10.5.2 France
- 10.5.2.1 Market Size and Forecast, By Power Source
- 10.5.2.2 Market Size and Forecast, By Product
- 10.5.2.3 Market Size and Forecast, By Application
- 10.5.3 UK
- 10.5.3.1 Market Size and Forecast, By Power Source
- 10.5.3.2 Market Size and Forecast, By Product
- 10.5.3.3 Market Size and Forecast, By Application
- 10.5.4 Russia
- 10.5.4.1 Market Size and Forecast, By Power Source
- 10.5.4.2 Market Size and Forecast, By Product
- 10.5.4.3 Market Size and Forecast, By Application
- 10.5.5 Italy
- 10.5.5.1 Market Size and Forecast, By Power Source
- 10.5.5.2 Market Size and Forecast, By Product
- 10.5.5.3 Market Size and Forecast, By Application
- 10.5.6 Spain
- 10.5.6.1 Market Size and Forecast, By Power Source
- 10.5.6.2 Market Size and Forecast, By Product
- 10.5.6.3 Market Size and Forecast, By Application
- 10.5.7 Rest of Europe
- 10.5.7.1 Market Size and Forecast, By Power Source
- 10.5.7.2 Market Size and Forecast, By Product
- 10.5.7.3 Market Size and Forecast, By Application
- 11 Asia Pacific Powered Surgical Instruments Market Analysis and Forecast (2023-2030)
- 11.1 Introduction
- 11.2 Asia Pacific Powered Surgical Instruments Market Share Analysis, By Power Source
- 11.3 Asia Pacific Powered Surgical Instruments Market Size and Forecast, By Product
- 11.4 Asia Pacific Powered Surgical Instruments Market Size and Forecast, By Application
- 11.5 Asia Pacific Powered Surgical Instruments Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.1.1 Market Size and Forecast, By Power Source
- 11.5.1.2 Market Size and Forecast, By Product
- 11.5.1.3 Market Size and Forecast, By Application
- 11.5.2 Japan
- 11.5.2.1 Market Size and Forecast, By Power Source
- 11.5.2.2 Market Size and Forecast, By Product
- 11.5.2.3 Market Size and Forecast, By Application
- 11.5.3 India
- 11.5.3.1 Market Size and Forecast, By Power Source
- 11.5.3.2 Market Size and Forecast, By Product
- 11.5.3.3 Market Size and Forecast, By Application
- 11.5.4 South Korea
- 11.5.4.1 Market Size and Forecast, By Power Source
- 11.5.4.2 Market Size and Forecast, By Product
- 11.5.4.3 Market Size and Forecast, By Application
- 11.5.5 Australia
- 11.5.5.1 Market Size and Forecast, By Power Source
- 11.5.5.2 Market Size and Forecast, By Product
- 11.5.5.3 Market Size and Forecast, By Application
- 11.5.6 New Zealand
- 11.5.6.1 Market Size and Forecast, By Power Source
- 11.5.6.2 Market Size and Forecast, By Product
- 11.5.6.3 Market Size and Forecast, By Application
- 11.5.7 Singapore
- 11.5.7.1 Market Size and Forecast, By Power Source
- 11.5.7.2 Market Size and Forecast, By Product
- 11.5.7.3 Market Size and Forecast, By Application
- 11.5.8 Malaysia
- 11.5.8.1 Market Size and Forecast, By Product and Services
- 11.5.8.2 Market Size and Forecast, By Product
- 11.5.8.3 Market Size and Forecast, By Application
- 11.5.9 Rest of Asia
- 11.5.9.1 Market Size and Forecast, By Power Source
- 11.5.9.2 Market Size and Forecast, By Product
- 11.5.9.3 Market Size and Forecast, By Application
- 12 Latin America Powered Surgical Instruments Market Analysis and Forecast (2023-2030)
- 12.1 Introduction
- 12.2 Latin America Powered Surgical Instruments Market Share Analysis, By Power Source
- 12.3 Latin America Powered Surgical Instruments Market Size and Forecast, By Product
- 12.4 Latin America Powered Surgical Instruments Market Size and Forecast, By Application
- 12.5 Latin America Powered Surgical Instruments Market Size and Forecast, By Country
- 12.5.1 Brazil
- 12.5.1.1 Market Size and Forecast, By Power Source
- 12.5.1.2 Market Size and Forecast, By Product
- 12.5.1.3 Market Size and Forecast, By Application
- 12.5.2 Argentina
- 12.5.2.1 Market Size and Forecast, By Power Source
- 12.5.2.2 Market Size and Forecast, By Product
- 12.5.2.3 Market Size and Forecast, By Application
- 12.5.3 Colombia
- 12.5.3.1 Market Size and Forecast, By Power Source
- 12.5.3.2 Market Size and Forecast, By Product
- 12.5.3.3 Market Size and Forecast, By Application
- 12.5.4 Peru
- 12.5.4.1 Market Size and Forecast, By Power Source
- 12.5.4.2 Market Size and Forecast, By Product
- 12.5.4.3 Market Size and Forecast, By Application
- 12.5.5 Chile
- 12.5.5.1 Market Size and Forecast, By Power Source
- 12.5.5.2 Market Size and Forecast, By Product
- 12.5.5.3 Market Size and Forecast, By Application
- 12.5.6 Venezuela
- 12.5.6.1 Market Size and Forecast, By Power Source
- 12.5.6.2 Market Size and Forecast, By Product
- 12.5.6.3 Market Size and Forecast, By Application
- 12.5.7 Rest of Latin America
- 12.5.7.1 Market Size and Forecast, By Power Source
- 12.5.7.2 Market Size and Forecast, By Product
- 12.5.7.3 Market Size and Forecast, By Application
- 13 Middle East Powered Surgical Instruments Market Analysis and Forecast (2023-2030)
- 13.1 Introduction
- 13.2 Middle East Powered Surgical Instruments Market Share Analysis, By Power Source
- 13.3 Middle East Powered Surgical Instruments Market Size and Forecast, By Product
- 13.4 Middle East Powered Surgical Instruments Market Size and Forecast, By Application
- 13.5 Middle East Powered Surgical Instruments Market Size and Forecast, By Country
- 13.5.1 Saudi Arabia
- 13.5.1.1 Market Size and Forecast, By Power Source
- 13.5.1.2 Market Size and Forecast, By Product
- 13.5.1.3 Market Size and Forecast, By Application
- 13.5.2 UAE
- 13.5.2.1 Market Size and Forecast, By Power Source
- 13.5.2.2 Market Size and Forecast, By Product
- 13.5.2.3 Market Size and Forecast, By Application
- 13.5.3 Egypt
- 13.5.3.1 Market Size and Forecast, By Power Source
- 13.5.3.2 Market Size and Forecast, By Product
- 13.5.3.3 Market Size and Forecast, By Application
- 13.5.4 Kuwait
- 13.5.4.1 Market Size and Forecast, By Power Source
- 13.5.4.2 Market Size and Forecast, By Product
- 13.5.4.3 Market Size and Forecast, By Application
- 13.5.5 South Africa
- 13.5.5.1 Market Size and Forecast, By Power Source
- 13.5.5.2 Market Size and Forecast, By Product
- 13.5.5.3 Market Size and Forecast, By Application
- 13.5.5 Rest of Middle East & Africa
- 13.5.6.1 Market Size and Forecast, By Power Source
- 13.5.6.2 Market Size and Forecast, By Product
- 13.5.6.3 Market Size and Forecast, By Application
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Medtronic
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Johnson & Johnson Services Inc.
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 B. Braun Melsungen AG
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Stryker
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Smith & Nephew Inc.
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Zimmer Biomet
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 CONMED Corporation
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Abbott
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 DePuy Synthes
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 De Soutter Medical
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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