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Powered Surgical Instrument Trends and Forecast
The future of the global powered surgical instrument market looks promising with opportunities in the neurosurgery, orthopedic surgery, plastic surgery, ent surgery, cardiothoracic surgery, and cardiovascular surgery applications. The global powered surgical instrument market is expected to reach an estimated $2.7 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing prevalence of chronic diseases, increasing preference for minimally invasive surgeries, and emergence of robotic surgery.
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Powered Surgical Instrument by Segment
The study includes a forecast for the global powered surgical instrument by product, power source, application, end use, and region.
Powered Surgical Instrument Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Power Source & Control
• Handpieces
• Accessories
Powered Surgical Instrument Market by Power Source [Shipment Analysis by Value from 2018 to 2030]:
• Electric Instruments
• Battery-Powered Instruments
• Pneumatic Instruments
Powered Surgical Instrument Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Neurosurgery
• Orthopedic Surgery
• Plastic Surgery
• ENT Surgery
• Cardiothoracic Surgery
• Cardiovascular Surgery
• Others
Powered Surgical Instrument Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Hospital
• Ambulatory Surgical Centers
• Physicians Clinics
• Others
Powered Surgical Instrument Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Powered Surgical Instrument Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies powered surgical instrument companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the powered surgical instrument companies profiled in this report include-
• CONOMED
• Allotech
• Medtronic
• Stryker
• Adeor Medical
• Zimmer Biomet
• Smith & Nephew
Powered Surgical Instrument Market Insights
Lucintel forecasts that handpiece is expected to witness highest growth over the forecast period due to its features like maximum power and greater efficiency, more light frames and ease of use.
Within this market, orthopedic is expected to witness highest growth over the forecast perioddue to the rising need for this surgery among geriatric population and growing incidence of injuries and bone disorders.
North America is expected to witness highest growth over the forecast period due to growing incidence of accidents and presence of key players in the region.
Features of the Global Powered Surgical Instrument Market
Market Size Estimates: Powered surgical instrument market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Powered surgical instrument market size by various segments, such as by product, power source, application, end use, and region in terms of ($B).
Regional Analysis: Powered surgical instrument market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, power sources, applications, end uses, and regions for the powered surgical instrument market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the powered surgical instrument market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the powered surgical instrument market size?
Answer: The global powered surgical instrument market is expected to reach an estimated $2.7 billion by 2030.
Q.2 What is the growth forecast for powered surgical instrument market?
Answer: The global powered surgical instrument market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the powered surgical instrument market?
Answer: The major drivers for this market are growing prevalence of chronic diseases, increasing preference for minimally invasive surgeries, and emergence of robotic surgery.
Q4. What are the major segments for powered surgical instrument market?
Answer: The future of the powered surgical instrument market looks promising with opportunities in the neurosurgery, orthopedic surgery, plastic surgery, ent surgery, cardiothoracic surgery, and cardiovascular surgery applications.
Q5. Who are the key powered surgical instrument market companies?
Answer: Some of the key powered surgical instrument companies are as follows:
• CONOMED
• AlloTech
• Medtronic
• Stryker
• Adeor Medical
• Zimmer Biomet
• Smith & Nephew
Q6. Which powered surgical instrument market segment will be the largest in future?
Answer: Lucintel forecasts that handpiece is expected to witness highest growth over the forecast period due to its features like maximum power and greater efficiency, more light frames and ease of use.
Q7. In powered surgical instrument market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing incidence of accidents and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the powered surgical instrument market by product (power source & control, handpieces, and accessories), power source (electric instruments, battery-powered instruments, and pneumatic instruments), application (neurosurgery, orthopedic surgery, plastic surgery, ent surgery, cardiothoracic surgery, cardiovascular surgery, and others), end use (hospital, ambulatory surgical centers, physicians clinics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Powered Surgical Instrument Market, Powered Surgical Instrument Market Size, Powered Surgical Instrument Market Growth, Powered Surgical Instrument Market Analysis, Powered Surgical Instrument Market Report, Powered Surgical Instrument Market Share, Powered Surgical Instrument Market Trends, Powered Surgical Instrument Market Forecast, Powered Surgical Instrument Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Powered Surgical Instrument Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Powered Surgical Instrument Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Powered Surgical Instrument Market by Product
3.3.1: Power Source & Control
3.3.2: Handpieces
3.3.3: Accessories
3.4: Global Powered Surgical Instrument Market by Power Source
3.4.1: Electric Instruments
3.4.2: Battery-Powered Instruments
3.4.3: Pneumatic Instruments
3.5: Global Powered Surgical Instrument Market by Application
3.5.1: Neurosurgery
3.5.2: Orthopedic Surgery
3.5.3: Plastic Surgery
3.5.4: ENT Surgery
3.5.5: Cardiothoracic Surgery
3.5.6: Cardiovascular Surgery
3.5.7: Others
3.6: Global Powered Surgical Instrument Market by End Use
3.6.1: Hospital
3.6.2: Ambulatory Surgical Centers
3.6.3: Physicians Clinics
3.6.4: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Powered Surgical Instrument Market by Region
4.2: North American Powered Surgical Instrument Market
4.2.2: North American Powered Surgical Instrument Market by Application: Neurosurgery, Orthopedic Surgery, Plastic Surgery, ENT Surgery, Cardiothoracic Surgery, Cardiovascular Surgery, and Others
4.3: European Powered Surgical Instrument Market
4.3.1: European Powered Surgical Instrument Market by Product: Power Source & Control, Handpieces, and Accessories
4.3.2: European Powered Surgical Instrument Market by Application: Neurosurgery, Orthopedic Surgery, Plastic Surgery, ENT Surgery, Cardiothoracic Surgery, Cardiovascular Surgery, and Others
4.4: APAC Powered Surgical Instrument Market
4.4.1: APAC Powered Surgical Instrument Market by Product: Power Source & Control, Handpieces, and Accessories
4.4.2: APAC Powered Surgical Instrument Market by Application: Neurosurgery, Orthopedic Surgery, Plastic Surgery, ENT Surgery, Cardiothoracic Surgery, Cardiovascular Surgery, and Others
4.5: ROW Powered Surgical Instrument Market
4.5.1: ROW Powered Surgical Instrument Market by Product: Power Source & Control, Handpieces, and Accessories
4.5.2: ROW Powered Surgical Instrument Market by Application: Neurosurgery, Orthopedic Surgery, Plastic Surgery, ENT Surgery, Cardiothoracic Surgery, Cardiovascular Surgery, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Powered Surgical Instrument Market by Product
6.1.2: Growth Opportunities for the Global Powered Surgical Instrument Market by Power Source
6.1.3: Growth Opportunities for the Global Powered Surgical Instrument Market by Application
6.1.4: Growth Opportunities for the Global Powered Surgical Instrument Market by End Use
6.1.5: Growth Opportunities for the Global Powered Surgical Instrument Market by Region
6.2: Emerging Trends in the Global Powered Surgical Instrument Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Powered Surgical Instrument Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Powered Surgical Instrument Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: CONOMED
7.2: AlloTech
7.3: Medtronic
7.4: Stryker
7.5: Adeor Medical
7.6: Zimmer Biomet
7.7: Smith & Nephew
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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