Powered Surgical Instruments Market by Top Key Players, Size, Subdivision & Market Dynamics Forces | Stryker Corporation, Conmed Corporation, Zimmer Biomet Holdings, Inc.

Powered surgical instruments are surgical devices that are used to perform various tasks in a surgical procedure and are operated through a power source. Powered surgical instruments are technologically advanced devices that assist surgeons in carrying out surgical procedures in various medical domains such as orthopedics, ENT, neurology, cardiovascular, oral, maxillofacial, and others. Hand-pieces in the powered surgical instruments are mainly operated through three power sources that include battery powered devices, which use lithium ion batteries that are rechargeable sources, electric powered devices that are operated through electrical supply, and pneumatic powered devices that are operated through air pressure obtained through an air reservoir attached to the device. Increasing demand for such surgical instruments by physicians to perform surgeries is expected to drive the global powered surgical instruments market growth.

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Key Players

Some of the major players operating the global powered surgical instruments market include Stryker Corporation, Conmed Corporation, Zimmer Biomet Holdings, Inc., MicroAire Corporation, Medtronic Plc, KLS Martin L.P., DePuy Synthes, Smith & Nephew, Arthrex, Inc, and B. Braun Melsungen AG.

Market Dynamics

Rising number of surgical procedures that require skilled and expert surgeons is a major factor driving the global powered surgical instruments market growth. Increasing number of cosmetic procedures performed using minimally invasive surgical devices is also contributing to the market growth. According to Annual Plastic Surgery Procedural Statistics 2018, around 1.8 million cosmetic surgical procedures were performed globally in 2018, which was a 2% increase in surgery rate as compared to 2017.

Other factors contributing to the global powered surgical instruments market growth include increasing adoption of technologically advanced surgical instruments by physicians for carrying out surgical procedures and improving surgical outcomes, increasing healthcare spending by medical sectors of developed and emerging economies, and medical tourism.

However, factors restraining the global powered surgical instruments market growth include contamination issue of reusable surgical devices that lead to surgical site infections and product recalls. For instance, in October 2019, Zimmer Biomet, Inc. voluntarily recalled various surgical instruments including screws and reamers due to the adherence issue of low density polyethylene (LDPE) bag on the surface of metal devices.

Increasing preference of physicians for robotic surgery is expected to drive the global powered surgical instruments market growth

Lack of skilled surgical experts and increasing number of surgical procedures performed in a day are driving demand for robotic surgical procedures. There is shortage of physicians as compared to number of patients for performing surgeries. According to Association of American Medical Colleges (AAMC) in 2019, it is estimated that the physicians’ shortage could reach 122,000 physicians by 2032 in the U.S. Thus, the demand for robotic surgeries in North American and European countries is expected to increase due to rising adoption of minimally invasive surgeries by physicians, which speeds up the process of surgery and helps in reducing the surgery cost.

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Increasing adoption of technologies such as robotic surgical instruments by hospitals

Major hospitals such as Apollo hospital, Summerlin hospital, and others are engaged in installing robotic surgical unit system in hospitals to enhance patient care and for better surgery outcomes. For instance, in December 2019, Apollo Hospitals Bangalore launched the first dedicated Robot-assisted Cardiac Surgery Unit in India. The unit will be equipped with advanced fourth-generation versatile ‘da Vinci Xi’ robotic surgical system. Increasing product launches and approvals by manufacturers are expected to boost the global powered surgical instruments market growth. For instance, in January 2019, Medtronic Plc launched its Mazor X Stealth robotic-assisted spinal surgical platform in the U.S., showcasing its use in its first surgical procedures.

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