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Powered Surgical Instrument Market to Surge at a Robust Pace by 2025

The global powered surgical instrument market was valued at $1,943 million in 2017 and is projected to reach $2,731 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025.

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Powered Surgical Instrument Market to Surge at a Robust Pace by 2025

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  1. Powered Surgical Instrument Market : Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  2. According to a new report published by Allied Market Research, titled,"Powered Surgical Instrument Market by Product, Power Source, and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global powered surgical instrument market generated $1,943 million in 2017 and is projected to reach $2,731 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. The handpieces segment accounted for more than three-fifth of the total market share in 2017. Powered Surgical Instrument Market

  3. Powered surgical instruments are high-powered specially designed instruments that are used for performing specific or desired actions during a surgery. There are several high-powered surgical drill systems present in the market such as reamer systems, saw systems, stapler, shavers, and other handpieces, which are used during orthopedic, neuro, cardiovascular, cardiothoracic, and various other surgeries. • The global powered surgical instrument market is expected to exhibit significant growth during the forecast period due to increasing prevalence of chronic diseases globally and growing aging population. In addition, increasing volume of surgical procedures further supplements the growth of the global market. • However, pressure of reducing healthcare cost and lack of skilled personnel in the developing countries are projected to impede the market growth. On the contrary, growing medical tourism in developing countries is expected to provide lucrative opportunities for the market growth.

  4. Market By Region

  5. Key Findings of thePowered Surgical Instrument Market: • Based on power source, the battery-powered instruments segment is expected to experience rapid growth in the market and is projected to grow at a CAGR of 4.9% from 2018 to 2025. • Depending on application, the cardiovascular surgery segment is expected to exhibit the highest CAGR during the forecast period. • By product, the handpieces segment was the major revenue contributor in 2017 and is anticipated to continue this trend during the forecast period. • The U.S. generated the highest revenue in the global powered surgical instrument market in 2017, accounting for almost two-fifth of the global market in 2017. • Asia-Pacific is estimated to grow at a CAGR of 5.4% during the forecast period.

  6. Key players: • AlloTech Co. Ltd. • ConmedCorporation.DepuySynthes (Johnson & Johnson) • Medtronic plc • Stryker Corporation • Zimmer Biomet • adeor Medical AG • Smith & Nephew plc • B. Braun Melsungen AG • MicroAire Surgical Instruments LLC.

  7. Market By Power Source

  8. Powered Surgical Instrument Market by Product (Handpieces, Power Source & Controls, and Accessories), Power Source (Battery-Powered Instruments, Pneumatic Instruments, and Electric Instruments), and Application (Orthopedic Surgery, Neurosurgery, ENT Surgery, Cardiovascular Surgery, Cardiothoracic Surgery, Plastic Surgery, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

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