Press release
Global Powered Surgical Instruments Market Projected to Surpass $3.11 Billion by 2029 with 6% Annual Growth
Powered Surgical Instruments Market Size
The growth of the powered surgical instruments market is projected to be fueled by the increase in the number of surgical procedures. The field of surgery, a medical specialization and branch of medicine, focuses on the treatment of diseases, injuries, or conditions using operative methods. Powered surgical instruments are utilized in these surgeries to simplify tasks such as sawing and drilling, enhancing efficiency and consistency. As an example, data from the American Society of Plastic Surgeons (ASPS), a US-based organization specializing in plastic surgery, showed that liposuction was the most popular plastic surgery in 2023 with close to 350,000 procedures, indicating a 7% rise from 2022. Additionally, hand surgeries increased by 2%, totaling 207,887, and there were 52,868 maxillofacial surgeries, an increase of 1% compared to the previous year. Hence, the rising number of surgical procedures is propelling the powered surgical instrument market.
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What is the projected compound annual growth rate (CAGR) of the powered surgical instruments market from 2025 to 2034, and what factors influence it?
The market size for powered surgical instruments has consistently expanded over recent years. The forecast predicts an increase from $2.36 billion in 2024 to $2.47 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. Factors contributing to the growth over the historic period include the development of minimally invasive surgery (MIS), the prevalence of chronic diseases, the emergence of electrosurgery, orthopedic procedures, and regulatory backing.
In the coming years, the size of the powered surgical instruments market is projected to undergo significant expansion. It is forecasted to reach a valuation of $3.11 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.0%. This projected advancement in the given period can be ascribed to various factors including the rise in robotic-assisted surgeries, increased demand for precision and control, globally aging population, neurology and spinal procedures, combined with cost-effectiveness and efficiency. Furthermore, the emerging trends for the specified period include the integration of AI and robotics, the prevalence of wireless and battery-operated tools, specialized instrument sets, emphasis on ergonomics, and improved visualization tools.
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What trends are poised to drive the future success of the powered surgical instruments market?
Technological advancements are becoming a significant trend in the powered surgical instrument market. Main firms functioning in the market of powered surgical tools are unveiling innovative offerings, leveraging advanced technologies to maintain their market standing. For instance, Sight Sciences, a medical device production company from the US, introduced the SION surgical instrument for craniotomies in August 2022. This new product utilizes bladeless technology and is a hand-operated tool that is micro-engineered and precision-manufactured to excise diseased tissue without any incisions.
What are the major segments of the powered surgical instruments market and their role in driving growth?
The powered surgical instruments market covered in this report is segmented -
1) By Product: Handpiece, Power Source And Control, Accessories
2) By Power Source: Electric Instruments, Battery-Powered Instruments, Pneumatic Instruments
3) By Application: Orthopedic Surgery, Oral And Maxillofacial Surgery, Neurosurgery, ENT (Ear Nose Throat) Surgery, Plastic And Reconstructive Surgery, Cardiothoracic Surgery, Other Applications
Subsegments:
1) By Handpiece: Electric Handpieces, Pneumatic Handpieces, Battery-Powered Handpieces
2) By Power Source And Control: Electric Power Units, Pneumatic Power Sources, Control Systems
3) By Accessories: Attachments and Tips, Battery Packs, Maintenance And Cleaning Tools
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Which regions are key players in the growth of the powered surgical instruments market?
North America was the largest region in the powered surgical instruments market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the powered surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the powered surgical instruments market?
Major companies operating in the powered surgical instruments market include Johnson and Johnson Inc., Medtronic PLC, Becton Dickinson and Company (BD), Stryker Corporation, B. Braun Melsungen AG, Olympus Corporation, Zimmer Biomet Holdings Inc., Smith and Nephew PLC, Hologic Inc., CooperSurgical Inc., Karl Storz SE and Co. KG, Arthrex Inc., Integra LifeSciences Holdings Corporation, ConMed Corporation, Exactech Inc., Richard Wolf GmbH, NuVasive Inc., Peter Brasseler Holdings LLC., Panther Medical Equipment Co. Ltd., MicroAire Surgical Instruments LLC, Misonix Inc., De Soutter Medical Ltd., KLS Martin Group, Encision Inc., AlloTech Co. Ltd., Adeor Medical AG, Surtex Instruments Limited, Alesi Surgical Ltd., ECA Medical Instruments, Ceterix Orthopaedics Inc.
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What Is Covered In The Powered Surgical Instruments Global Market Report?
• Market Size Forecast: Examine the powered surgical instruments market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the powered surgical instruments market for a structured understanding.
• Key Players Overview: Analyze major players in the powered surgical instruments market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the powered surgical instruments market.
• Segment Contributions: Evaluate how different segments drive overall growth in the powered surgical instruments market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the powered surgical instruments market.
• Industry Challenges: Identify potential risks and obstacles affecting the powered surgical instruments market.
• Competitive Landscape: Review strategic developments in the powered surgical instruments market, including expansions, agreements, and new product launches.
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