Global Powered Surgical Instrument Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type of Power Source, Product, Application, and Geography

Market Snapshot

Picture1 Global Powered Surgical Instrument Market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

4.1%

Key Players:

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Market Overview

Power surgical instruments have received attention in recent years, with NASA’s Jet Propulsion Laboratory (JPL) in Pasadena, California, introducing the next generation of high-tech surgical instruments, to remove tumors and treat other brain abnormalities. An increasing number of surgical procedures, coupled with technological advancements, such as the introduction of robot assisted surgical procedures, is expected to drive the growth of the powered surgical instrument market. Aforementioned medical conditions, lead to increasing number of surgical procedures to be performed. The advancement in medical tourism is expected to positively reinforce the powered surgical instruments market, over the forecast period. In addition, the growth in the geriatric population worldwide and growing prevalence of lifestyle diseases, also fuel the powered surgical instruments market. However, lack of sterilization procedure lack of reimbursement, along with the high cost and inadequate skilled professionals, is restraining the growth of the market

Scope of the Report

Powered Surgical Instruments (PSI) 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.

Type of Power Source
Electric Instruments
Battery Powered Instruments
Pneumatic Instruments
Type of Product
Handpiece
Drill System
Saw Systems
Reamer Systems
Staplers
Shavers
Others
Power Sources and Controls
Batteries
Electric Consoles
Pneumatic Regulators
Accessories
Surgical Accessories
Electrical Accessories
Other Accessories
Type of Application
Orthopedic Surgery
Oral and Maxillofacial Surgery
Neuro Surgery
ENT Surgery
Plastic and Reconstructive Surgery
Cardiothoracic Surgery
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

ENT Surgery segment dominates the Global Powered Surgical Instrument market

Powered Surgical Instruments (PSI) market is segmented on the basis of type of power source, product, application and geography. Application segment is further segmented into Orthopedic Surgery, Oral and Maxillofacial Surgery, Neuro Surgery, ENT Surgery, Plastic and Reconstructive Surgery, Cardiothoracic Surgery.

ENT Surgery segment is expected to growth with significant CAGR during the forecast period owing to the growing geriatric population, increasing prevalence of chronic ear, throat infections and sinusitis and growing awareness among population. Furthermore, factors such as advancements in the technology, high adoption of minimally invasive ENT procedures and increase in footprints of prominent players in powered ENT surgical instruments market.

Picture2 Global Powered Surgical Instrument Market

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Asia Pacific is the fastest growing region for Global Powered Surgical Instrument market

Asia-Pacific is also expected to propel the powered surgical instruments market, due to factors, such as increasing accessibility to healthcare facilities in the region, rising prevalence of cardiovascular diseases, chronic diseases like cancer, medical tourism, orthopedic conditions and neurological diseases, rising investment in health care and growing prevalence of lifestyle related diseases among others.

Picture3 Global Powered Surgical Instrument Market

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Competitive Landscape

Competitive Landscape:

Market players focus on continuous product development and offering wide range of products at competitive prices especially in developing countries. Companies are focusing on expansion of their product portfolios by adopting inorganic growth strategies such as acquisitions, mergers and partnerships. For instance, in 2017 – Aesthetx, a medical and cosmetics firm, which uses power tools for Rhinoplasty, ensuring minimum soft tissues damage. This procedure is called, Piezo technique. Piezo is an equipment that cuts the bone and recognizes soft tissues. Some of the Major Players are Johnson & Johnson, B. Braun Melsungen Ag, Stryker Co., Medtronic Incorporated, Smith & Nephew, Conmed Co., Desoutter Medical Ltd, Zimmer Holdings, and among others.

Major Players

  1. Medtronic
  2. Smith & Nephew
  3. Zimmer Holdings
  4. ConMed
  5. Desoutter Medical Ltd

* Complete list of players covered available in the table of contents below

Picture4 Global Powered Surgical Instrument Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Number of Surgical Procedures

      2. 4.2.2 Increasing Geriatric Population

      3. 4.2.3 Technological Innovations

      4. 4.2.4 Growing Prevalence of Lifestyle Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Sterilization Procedure

      2. 4.3.2 Reimbursement Challenges

      3. 4.3.3 Inadequate Skilled Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type of Power Source

      1. 5.1.1 Electric Instruments

      2. 5.1.2 Battery Powered Instruments

      3. 5.1.3 Pneumatic Instruments

    2. 5.2 Type of Product

      1. 5.2.1 Handpiece

      2. 5.2.2 Drill System

      3. 5.2.3 Saw Systems

      4. 5.2.4 Reamer Systems

      5. 5.2.5 Staplers

      6. 5.2.6 Shavers

      7. 5.2.7 Others

    3. 5.3 Power Sources and Controls

      1. 5.3.1 Batteries

      2. 5.3.2 Electric Consoles

      3. 5.3.3 Pneumatic Regulators

    4. 5.4 Accessories

      1. 5.4.1 Surgical Accessories

      2. 5.4.2 Electrical Accessories

      3. 5.4.3 Other Accessories

      4. 5.4.4 Type of Application

      5. 5.4.5 Orthopedic Surgery

      6. 5.4.6 Oral and Maxillofacial Surgery

      7. 5.4.7 Neuro Surgery

      8. 5.4.8 ENT Surgery

      9. 5.4.9 Plastic and Reconstructive Surgery

      10. 5.4.10 Cardiothoracic Surgery

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 US

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 UK

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Johnson & Johnson

      2. 6.1.2 B. Braun Melsungen Ag

      3. 6.1.3 Stryker Co.

      4. 6.1.4 Medtronic Incorporated

      5. 6.1.5 Smith & Nephew

      6. 6.1.6 Johnson and Johnson

      7. 6.1.7 Zimmer Holdings

      8. 6.1.8 ConMed Co

      9. 6.1.9 Desoutter Medical Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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