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Evolving Market Trends In The Powered Surgical Instruments Industry: Powered Surgical Instrument Market's Tech Innovation Trend
Powered Surgical Instruments
What Is the Expected Powered Surgical Instruments Market Size During the Forecast Period?
In recent years, the market size of powered surgical instruments has seen a steady increase. The market is projected to expand from $2.36 billion in 2024 to $2.47 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. Factors such as the development of minimally invasive surgery, an increase in chronic diseases, the emergence of electrosurgery, orthopedic procedures, and regulatory assistance have contributed to the growth in the historic period.
The market for powered surgical instruments is projected to witness robust growth in the coming years, reaching a value of $3.11 billion by 2029, at a compound annual growth rate (CAGR) of 6.0%. Such growth during the forecast period can be accredited to the surge in robot-assisted surgeries, need for precision and control, worldwide ageing population, procedures related to neurology and spine, as well as cost efficiency and effectiveness. Key trends during this period are anticipated to encompass the incorporation of artificial intelligence and robotics, wireless and battery-operated tools, specialized tool sets, a focus on ergonomic designs, and advanced visualization tools.
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What Are the High-Growth Segments in the Powered Surgical Instruments Market?
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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What Key Drivers Are Expected to Influence Future Powered Surgical Instruments Market Growth?
The future growth of the powered surgical instruments market is anticipated to be driven by an increase in the number of surgical procedures. In the medical field, surgery is a branch that deals with the treatment of illnesses, injuries, or conditions through operations. Powered surgical instruments, utilized in these operations, contribute to enhancing efficiency and consistency by simplifying tasks including sawing and drilling. For example, stats released by the American Society of Plastic Surgeons (ASPS) in June 2024 revealed that in 2023, liposuction was the most dominant plastic surgery, with approximately 350,000 procedures being performed, signifying a 7% rise since 2022. In the same year, hand surgeries saw a climb of 2%, tallying up to 207,887 procedures, while maxillofacial surgeries marked a 1% growth, with a total of 52,868 procedures compared to the year before. Given this, the growth in the number of surgical operations is significantly propelling the market for powered surgical instruments.
Which Companies Hold the Largest Share Across Different Powered Surgical Instruments Market Segments?
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.
What Trends Are Driving Growth in The Powered Surgical Instruments Market?
The trend of technological advancements is beginning to make waves in the powered surgical instrument market. The leading firms in this market are establishing their dominance by launching innovative products that utilize cutting-edge technologies. Sight Sciences, an American medical device manufacturing company, is one such example. In August 2022, they introduced the SION surgical instrument developed specifically for craniotomies. This new product, built on bladeless technology, is a manual device meticulously created to eliminate affected tissue without the need for cutting.
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What Are the Emerging Geographies for The Powered Surgical Instruments Market Growth?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Powered Surgical Instruments Market?
2. What is the CAGR expected in the Powered Surgical Instruments Market?
3. What Are the Key Innovations Transforming the Powered Surgical Instruments Industry?
4. Which Region Is Leading the Powered Surgical Instruments Market?
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