Product Code: GVR-3-68038-583-0
Powered Surgical Instruments Market Growth & Trends:
The global powered surgical instruments market size is expected to reach USD 3.13 billion by 2030, registering a CAGR of 3.1% during the forecast period, according to a new report by Grand View Research, Inc. Increasing number of surgical procedures, coupled with technological advancements, is anticipated to drive the market. Moreover, increasing awareness and affordability of plastic or reconstructive surgeries and surgeries for sports injuries is likely propel growth over the forecast period.
Increase in factors such as demand for minimally invasive surgeries & robot-aided procedures as well as improving accessibility to healthcare is contributing to growth. In addition, increasing geriatric population and rising awareness about availability of surgical procedures are likely to boost the market.
Increase in number of road accidents and rising healthcare expenditure in emerging economies are other factors likely to boost revenue generation in the market. According to the U.S. Census Bureau, the global healthcare expenditure is expected to reach USD 18.28 trillion by 2040, growing at a CAGR of 2.6%. According to WHO, the global population aged 60 years and above is expected to reach 2 billion by 2050, from 900 million in 2015. This demographic is more susceptible to a vast number of diseases, increasing the need for effective treatments, thereby boosting the market.
Powered Surgical Instruments Market Report Highlights:
- In 2023, North America accounted for the largest share of over 43.9%, owing to high prevalence of chronic disorders, favorable reimbursement policies, presence of key players, and government initiatives.
- Asian countries are estimated to show a significant CAGR over the forecast period, due to an increasing adoption of advanced technologies, increasing investments, improving reimbursement scenario, and increasing medical tourism.
- Hand piece powered surgical instruments is expected to dominate over the forecast period. It accounted for more than more than 44.9% of share in 2023.
- Based on application, orthopedic segments leading the global market, owing to high use of powered instruments, rising geriatric population, and growing incidence of osteoporosis and heart conditions.
- Key players in powered surgical instruments market are opting for strategies, such as partnerships & acquisitions, introduction of new products, and investments in new technologies, to expand their product portfolio and to strengthen global footprint. For instance, in November 2018, Stryker Corporation announced acquisition of K2M Group Holdings, Inc., thereby expanding its product portfolio.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Powered Surgical Instruments Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Powered Surgical Instruments Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Powered Surgical Instruments Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Powered Surgical Instruments Market: Product Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Handpiece
- 4.3.1. Handpiece Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Drill System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2.1. Drill System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Saw System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3.1. Saw System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Staplers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4.1. Staplers Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Shaver's Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5.1. Shaver's Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6.1. Others Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Power Source & Control
- 4.4.1. Power Source & Control Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Battery Power Instruments Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2.1. Battery Power Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. Electric Instruments Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3.1. Electric Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Pneumatic Instruments Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4.1. Pneumatic Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Accessories
- 4.5.1. Accessories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2. Surgical Accessories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.2.1. Surgical Accessories Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3. Electrical Accessories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5.3.1. Electrical Accessories Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Powered Surgical Instruments Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Powered Surgical Instruments Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Orthopedic
- 5.3.1. Orthopedic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Neurosurgery
- 5.4.1. Neurosurgery Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. ENT Surgery
- 5.5.1. ENT Surgery Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Cardiovascular Surgery
- 5.6.1. Cardiovascular Surgery Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Plastic Surgery
- 5.7.1. Plastic Surgery Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. Others
- 5.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Powered Surgical Instruments Market: Regional Estimates & Trend Analysis
- 6.1. Powered Surgical Instruments Market Share, By Region, 2023 & 2030 (USD Million)
- 6.2. North America
- 6.2.1. North America Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U. S.
- 6.2.2.1. U. S. Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Italy Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.6. Spain
- 6.3.6.1. Spain Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.7. Denmark
- 6.3.7.1. Denmark Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.8. Sweden
- 6.3.8.1. Sweden Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.9. Norway
- 6.3.9.1. Norway Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. India
- 6.4.3.1. India Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Japan Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. Australia
- 6.4.5.1. Australia Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6. South Korea
- 6.4.6.1. South Korea Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.7. Thailand
- 6.4.7.1. Thailand Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Argentina Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. South Africa
- 6.6.2.1. South Africa Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Saudi Arabia
- 6.6.3.1. Saudi Arabia Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4. UAE
- 6.6.4.1. UAE Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.5. Kuwait
- 6.6.5.1. Kuwait Powered Surgical Instruments Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles
- 7.4.1. Korea SMEs and Startups Agency
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. CONMED Corporation
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Medtronic
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Stryker
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Zimmer Biomet
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. B. Braun Medical Inc.
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. adeor medical AG.
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Smith+Nephew
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. MicroAire
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. De Soutter Medical
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Recent Developments/ Strategic Initiatives