Over the past few years, the powered surgical instruments market has been witnessing continuous growth. Factors such as aging population, increasing volume of global surgical procedures and increasing demand for minimally invasive surgeries is fuelling market growth. The market has also witnessed transformative and innovative technological advancements, such as surgical robotics, that have positively impacted the market.
This market is primarily driven by increased healthcare spending globally, rise in the prevalence of lifestyle diseases, increased accessibility to healthcare, and medical tourism. However, inadequate quality assurance, lack of proper sterilization practices for equipment, and constant pressure on healthcare providers to reduce costs are restricting the growth of this market.
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There are several geographic drivers as well for the growth of the powered surgical instruments market. Asia-Pacific is gradually becoming a growth hub for this market. Factors such as the booming medical tourism industry, rising unmet healthcare needs and prevalence of chronic diseases that require surgical procedures are propelling the market growth in this region.
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The top six players in the global powered surgical instruments market accounted for more than 85% to 90% of the market share in 2014. However, new entrants in the market are intensifying competition and thereby threatening the market share of existing players. In order to maintain their share, leading players are continuously adopting new technologies and introducing new products into the market. This increasing competitiveness is expected to drive innovation in the market, thereby helping the industry to solve existing challenges and meet the needs of the market.
Scope of the Report
Powered surgical instruments are specially designed tools or devices that assist in the performance of various surgeries, including orthopedic surgery, ENT surgery, neurosurgery, and oral and maxillofacial surgery, among others. These are routinely used in many surgical procedures for several applications such as cutting, drilling, and sawing. Increasing R&D activities to develop innovative products and technologies are expected to boost the growth of the market.
Global Powered surgical instruments Market
This research report categorizes the powered surgical instruments market into the following segments:
Global Powered surgical instruments Market, By Power Source
- Electric Instruments
- Battery-powered Instruments
- Pneumatic Instruments
Global Powered surgical instruments Market, By Product
- Handpieces
- Drills
- Saws
- Reamers
- Staplers
- Shavers
- Wire/Pin Drivers
- Others
- Power Source and Controls
- Batteries
- Electric Consoles
- Pneumatic Regulators
- Accessories
- Surgical Accessories
- Electrical Accessories
- Other Accessories
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