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
By Product
• Handpieces
• Power Sources and Controls
• Accessories
By Application
• Orthopedic Surgery
• Oral and Maxillofacial Surgery
• Neurosurgery
• ENT Surgery
• Cardiothoracic Surgery
• Plastic and Reconstructive Surgery
Global Powered Surgical Instruments 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 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
