Powered Surgical Instruments Market Size, Share & Growth Report 2032

Powered Surgical Instruments Market

Powered Surgical Instruments Market by Power Source (Electric, Battery and Pneumatic), Product (Drill, Saw, Stapler, Reamer, Console, Cables, Blade, Burr and Cart), Application (Orthopedic, ENT, Oral, Thoracic and Neurology): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032

Category: Medical Device Report Format : PDF Pages: 220 Report Code: ZMR-2999 Published Date: Feb-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 2,571.86 Million USD 3,651.07 Million 3.97% 2023

Powered Surgical Instruments Market

Powered Surgical Instruments Industry Prospective:

The global powered surgical instruments market size was worth around USD 2,571.86 million in 2023 and is predicted to grow to around USD 3,651.07 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.97% between 2024 and 2032.

Global Powered Surgical Instruments Market Size, 2018-2032Request Free Sample

The report covers forecasts and analyses for the powered surgical instruments market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the powered surgical instruments market and their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the powered surgical instruments market on a global level.

This report offers comprehensive coverage of the global powered surgical instruments market along with, market trends, drivers, and restraints of the powered surgical instruments market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the powered surgical instruments market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, and secondary and primary research teams of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data that exists in this report.

Powered surgical instruments play a key role in the operation theater and are becoming an important part of surgical procedures. Over the past few years, the powered surgical instruments market has been witnessing continuous growth.  The increase in adoption of powered surgical instruments in a complex surgical procedure such as orthopedic surgery is making them an important part of the surgeon’s toolkit.  In addition, an increase in the volume of surgeries around the world and a significant increase in the demand for powered surgical instruments in surgical procedures is accelerating the growth of the powered surgical instruments market.

The powered surgical instruments market is expected to witness robust growth in the near future. The growing geriatric population, and the prevalence of health conditions such as musculoskeletal fractures, neurosurgery, cardiovascular diseases, physical traumas, and dental problems are driving the growth of the powered surgical equipment market. The increased volume of surgical procedures is resulting in the shift of surgeons toward advanced powered surgical instruments relatively accounting for the growth of the market. However, the high cost of instruments is hampering the growth of the market. The introduction of robot-assisted surgical procedures and technological advancements in surgical equipment are expected to present rewarding opportunities in the market in the near future.

Powered Surgical Instruments MarketRequest Free Sample


Powered Surgical Instruments Market: Report Scope

Report Attributes Report Details
Report Name Powered Surgical Instruments Market
Market Size in 2023 USD 2,571.86 Million
Market Forecast in 2032 USD 3,651.07 Million
Growth Rate CAGR of 3.97%
Number of Pages 220
Key Companies Covered Stryker Corporation, Johnson & Johnson, Medtronic, Inc., B. Braun Melsungen AG, Conmed Corporation, Smith & Nephew, Zimmer Holdings, and others.
Segments Covered By Power Source, By Product, By Application, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

 

Powered Surgical Instruments Market : Segment Analysis

The study provides a decisive view of the powered surgical instruments market by segmenting the market based on the power source, product, application, and region. All these segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of power, the source market is categorized into electric, battery, and pneumatic. The electric-powered surgical equipment segment accounted for the largest share of the total global powered surgical instruments market and is also expected to grow with the highest CAGR during the forecast period. Battery-powered surgical equipment was the fastest-growing segment in oral and ENT applications. Pneumatic power-sourced surgical equipment are emerging segment in the market and is growing at a fast pace due to its noninvasive nature.

On the basis of product types, the powered surgical instruments market is divided into the drill, saw, stapler, reamer, console, cables, blade, burr, and cart. Drills, saws, clip appliers, and surgical staplers contributed major market share from the total revenue.

Based on application, the segment market is divided into orthopedic, ENT, oral, thoracic, and neurology. The orthopedic segment accounted for the maximum share of the total revenue in 2023. The ENT, oral segment accounted for the major share of the total market and is expected to grow with the highest CAGR during the forecast period.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further bifurcation into major countries including the U.S., Germany, France, the UK, China, Japan, India, and Brazil.

By geography, North America dominated the powered surgical equipment market owing to the presence of cutting-edge surgical and medical facilities. Europe was the second after North America in terms of revenue generation. The growth in this region was due to the prevalence of chronic diseases and the increased adoption of powered surgical instruments in surgical procedures. Asia-Pacific was the fastest-growing market. This growth is mainly due to increasing medical tourism and raising awareness of the adoption of powered surgical instruments in surgical treatment. Latin America is an emerging market and is projected to present moderate growth in the coming years owing to significant reforms in healthcare infrastructure and growing awareness in this region. The Middle East and Africa are anticipated to witness slow growth within the forecast period.

Powered Surgical Instruments Market: Competitive Analysis

Some of the key players operating in the market such as Stryker Corporation, Johnson & Johnson, Medtronic, Inc., B. Braun Melsungen AG, Conmed Corporation, Smith & Nephew, and Zimmer Holdings.

The global powered surgical instruments market is dominated by players like:

  • Stryker Corporation
  • Johnson & Johnson
  • Medtronic, Inc.
  • B. Braun Melsungen AG
  • Conmed Corporation
  • Smith & Nephew
  • Zimmer Holdings

This report segments the powered surgical instruments market as follows:

Global Powered Surgical Instruments Market: Power Source Analysis

Global Powered Surgical Instruments Market: Product Analysis

  • Drill
  • Saw
  • Stapler
  • Reamer
  • Console
  • Cables
  • Blade
  • Burr
  • Cart

Global Powered Surgical Instruments Market: Application Analysis

  • Orthopedic
  • ENT
  • Oral
  • Thoracic
  • Neurology

Global Powered Surgical Instruments Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Powered Surgical Instruments are technology equipment utilized to aid in orthopaedic and neurological procedures.
 

According to a study, the global powered surgical instruments market size was worth around USD 2,571.86 million in 2023 and is expected to reach USD 3,651.07 million by 2032.
 

The global powered surgical instruments market is expected to grow at a CAGR of 3.97% during the forecast period.
 

North America is expected to dominate the powered surgical instruments market over the forecast period.
 

Leading players in the global powered surgical instruments market include Stryker Corporation, Johnson & Johnson, Medtronic, Inc., B. Braun Melsungen AG, Conmed Corporation, Smith & Nephew, and Zimmer Holdings, among others.
 

The powered surgical instruments market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.

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