Global Power Surgical Instruments Market Size, Trends, by Power Source (Electric Instruments, Battery Powered Instruments, Pneumatic Instruments), By Application (Orthopaedic, Dental, Neurosurgery, Cardiothoracic Surgery, Other applications), and By Product Type (Handpiece Disposable & Accessories), Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Power Surgical Instruments Market
Global power surgical instruments Market was valued at US$ 2.6 Bn in 2022, estimated to reach US$ 5.3 Bn by 2030, with a CAGR of 9.30% from 2023-2030.
Powered surgical instruments (PSIs) play a unique role in the operating suite. They reduce the time of surgical procedures and provide functionality and consistent performance in surgical procedures. PSIs are complex surgical devices, and the processes used to clean, inspect, and sterilize them are also complex. They are specially designed tools or devices that assist in the performance of various surgeries, including orthopaedic surgery, ENT surgery, neurosurgery, and oral and maxillofacial surgery, among others.
Market Drivers
The market for powered surgical instruments is anticipated to rise because of rising surgical operations combined with technical developments, such as the introduction of robot-assisted surgical procedures. Additionally, the market for powered surgical instruments is stimulated by the increase in the world's senior population and the rising prevalence of lifestyle illnesses. With the rising demand for procedures, the worldwide burden of cardiovascular disease is anticipated to rise. The rising demand for surgical procedures will benefit powered surgical devices, accelerating their development. Hacksaws and scalpels are trustworthy surgical instruments, but with more surgeries being performed, surgeons need instruments that consistently offer high levels of control and precision.
Market Restraints
The lack of proper reimbursement in some countries, along with the high cost of advanced power tools and inadequately skilled professionals, is restraining the growth of the market.
Market Segmentation
The scope of the power surgical instruments market covers segmentation based on By Power Source, By Application, By Product Type, and by region.
By Power Source the market is segmented into Electric Instruments, Battery Powered Instruments, & Pneumatic Instruments. By Application market is bifurcated into Orthopaedic, Dental, Neurosurgery, Cardiothoracic Surgery and Other applications. Further by product type market is divided into Handpiece Disposable & Accessories.
Regional Analysis
The global power 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 Projected to Have a Significant Share Over the Forecast Period. In North America, especially the United States, the market for powered surgical instruments is driven by technological advancement, prevalence of chronic diseases, increasing surgeries volume, elderly patients expecting higher levels of function, and reimbursement models that incentivize complex fusion surgery.
Key Players
Major players are Johnson & Johnson, B. Braun Melsungen Ag, Stryker Co., Medtronic Incorporated, Smith & Nephew, Conmed Co., Desoutter Medical Ltd, and Zimmer Holdings.
Market Taxonomy
By Power Source
• Electric Instruments
• Battery Powered Instruments
• Pnuematic Instruments
By Application
• Orthopaedic
• Dental
• Neurosurgery
• Cardiothoracic Surgery
• Other applications
By Product Type
• Handpiece Disposables
• Accessories
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Global Power Surgical Instrument Market
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 Power Surgical Instrument 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 and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Power Surgical Instrument Market, By Power Source
5.1 Y-o-Y Growth Comparison, By Power Source
5.2 Global Power Surgical Instrument Market Share Analysis, By Power Source
5.3 Global Power Surgical Instrument 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 Power Surgical Instrument Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Power Surgical Instrument Market Share Analysis, By Application
6.3 Global Power Surgical Instrument Market Size and Forecast, By Application
6.3.1 Orthopaedic
6.3.2 Dental
6.3.3 Neurosurgery
6.3.4 Cardiothoracic Surgery
6.3.5 Other Applications
7 Global Power Surgical Instrument Market, By Product Type
7.1 Y-o-Y Growth Comparison, By Product Type
7.2 Global Power Surgical Instrument Market Share Analysis, By Product Type
7.3 Global Power Surgical Instrument Market Size and Forecast, By Product Type
7.3.1 Handpiece Disposables
7.3.1.1 Drill System
7.3.1.2 Saw systems
7.3.1.3 Reamer systems
7.3.1.4 Staplers
7.3.1.5 Shavers
7.3.2 Accessories
7.3.2.1 Surgical
7.3.2.2 Electrical
8 Global Power Surgical Instrument Market, By Region
8.1 Global Power Surgical Instrument Market Share Analysis, By Region
8.2 Global Power Surgical Instrument Market Share Analysis, By Region
8.3 Global Power Surgical Instrument Market Size and Forecast, By Region
9 North America Power Surgical Instrument Market Analysis and Forecast (2023 – 2030)
9.1 Introduction
9.2 North America Power Surgical Instrument Market Size and Forecast, By Application
9.3 North America Power Surgical Instrument Market Size and Forecast, By Product Type
9.4 North America Power Surgical Instrument Market Size and Forecast, By Power Source
9.5 North America Power Surgical Instrument Market Size and Forecast, By Country
9.5.1 U. S
9.5.2 Canada
9.5.3 Mexico
10 Europe Power Surgical Instrument Market Analysis and Forecast (2023 – 2030)
10.1 Introduction
10.2 Europe Power Surgical Instrument Market Size and Forecast, By Application
10.3 Europe Power Surgical Instrument Market Size and Forecast, By Product Type
10.4 Europe Power Surgical Instrument Market Size and Forecast, By Power Source
10.5 Europe Power Surgical Instrument Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4. Rest of Europe
11 Asia Pacific Power Surgical Instrument Market Analysis and Forecast (2023 – 2030)
11.1 Introduction
11.2 Asia Pacific Power Surgical Instrument Market Size and Forecast, By Application
11.3 Europe Power Surgical Instrument Market Size and Forecast, By Product Type
11.4 Asia Pacific Power Surgical Instrument Market Size and Forecast, By Power Source
11.5 Asia Pacific Power Surgical Instrument Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.6.4. Rest of Asia Pacific
12 Latin America Power Surgical Instrument Market Analysis and Forecast (2023 – 2030)
12.1 Introduction
12.2 Latin America Power Surgical Instrument Market Size and Forecast, By Application
12.3 Latin America Power Surgical Instrument Market Size and Forecast, By Product Type
12.4 Latin America Power Surgical Instrument Market Size and Forecast, By Power source
12.5 Latin America Power Surgical Instrument Market Size and Forecast, By Country
13 Middle East Power Surgical Instrument Market Analysis and Forecast (2023 – 2030)
13.1 Introduction
13.2 Middle East Power Surgical Instrument Market Size and Forecast, By Application
13.3 Latin America Power Surgical Instrument Market Size and Forecast, By Product Type
13.4 Middle East Power Surgical Instrument Market Size and Forecast, By Power source
13.5 Middle East Power Surgical Instrument Market Size and Forecast, By Country
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 Johnson & Johnson
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 B. Braun Melsungen Ag
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 Stryker Corporation
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 Medtronic PLC
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
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 Biomat
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
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 Desoutter Medical Ltd
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 Adeor Medoical Ag
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 MicroAire Surgical Instruments
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
