Powered Surgical Instruments Market Report 2023-2032: Market Size, Growth Drivers And Key Trends

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Powered Surgical Instruments Global Market Report 2023 identifies surgical procedures as the major driver for the Powered Surgical Instruments market's growth in the forecast period. Surgery refers to a medical specialty and branch of medicine that involves the treatment of diseases, injuries, or conditions through operative procedures. These surgeries use powered surgical instruments to simplify functions such as sawing and drilling to improve efficiency and consistency.

the global powered surgical instruments market is expected to grow from $2.16 billion in 2022 to $2.9 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The powered surgical instruments market is expected to reach $2.78 billion in 2027 at a CAGR of 5%.

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Major competitors in the Powered Surgical Instruments market Johnson and Johnson Inc., Medtronic PLC, Becton Dickinson and Company (BD), Stryker Corporation, B. Braun Melsungen AG.
A key trend in the Powered Surgical Instruments market includes technological advancement. Major companies operating in the powered surgical instruments market are introducing innovative products based on advanced technologies to sustain their position in the market. For instance, in August 2022, Sight Sciences, a US-based medical device manufacturer, launched the SION surgical instrument for craniotomies. The new product is based on bladeless technology. It is a manually operated device that is micro-engineered and precision-manufactured to remove diseased tissue without cutting.

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The Powered Surgical Instruments market is segmented -
• By Product: Handpiece, Power Source And Control, Accessories
• By Power Source: Electric Instruments, Battery-Powered Instruments, Pneumatic Instruments
• By Application: Orthopedic Surgery, Oral And Maxillofacial Surgery, Neurosurgery, ENT (Ear Nose Throat) Surgery, Plastic And Reconstructive Surgery, Cardiothoracic Surgery, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Powered Surgical Instruments market.

The Business Research Company's "Global Powered Surgical Instruments Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Powered Surgical Instruments Market Include:

1. Powered Surgical Instruments Market Executive Summary
2. Powered Surgical Instruments Market Segments
3. Powered Surgical Instruments Market Size And Powered Surgical Instruments Market Growth Rate
4. Key Powered Surgical Instruments Market Trends
5. Major Powered Surgical Instruments Market Drivers
……
25. Key Mergers And Acquisitions In The Powered Surgical Instruments Market
26. Top Powered Surgical Instruments Companies
27. Powered Surgical Instruments Market Opportunities And Strategies
28. Powered Surgical Instruments Market, Conclusions And Recommendations
29. Appendix

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