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Powered Surgical Instruments Market Expansion Continues, with Forecast Valuation of $3.11 Billion by 2029
Powered Surgical Instruments Market
Powered Surgical Instruments Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent years, the market size for powered surgical instruments has seen a consistent increase. The market, valued at $2.36 billion in 2024, is predicted to escalate 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 (mis), increasing chronic diseases, surge in electrosurgery, orthopedic procedures, and regulatory support have contributed to the growth in the historic period.
Powered Surgical Instruments Market Size Forecast: What's the Projected Valuation by 2029?
The market for powered surgical instruments is projected to witness robust expansion in the upcoming years, ultimately reaching a value of $3.11 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 6.0%. Several factors leading to this growth during the forecast phase are the upsurge in robot-assisted surgeries, the need for precision and control, the global rise in the aging population, neurology and spinal processes, and cost efficiency and effectiveness. Key trends during this forecast span are projected to include the integration of artificial intelligence and robotics, cordless and battery-powered devices, specialized instrument sets, emphasis on ergonomics, and sophisticated visualization tools.
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What Are the Drivers Transforming the Powered Surgical Instruments Market?
The growth of the powered surgical instruments market is likely to be fuelled by the increasing number of surgical procedures. Surgery, a branch of medicine that involves the use of operative procedures to treat diseases, injuries or conditions, uses powered surgical instruments to simplify tasks like sawing and drilling, thereby enhancing efficiency and consistency. For instance, data provided by the American Society of Plastic Surgeons (ASPS) in June 2024 revealed that liposuction was the most commonly performed plastic surgery in 2023, with approximately 350,000 surgeries performed, marking a 7% increase from 2022. Additionally, the total number of hand surgeries was 207,887, reflecting a 2% rise, and the number of maxillofacial surgeries was 52,868, indicating a 1% increase compared to the previous year. Hence, the surge in the number of surgical procedures is propelling the growth of the powered surgical instrument market.
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What Long-Term Trends Will Define the Future of the Powered Surgical Instruments Market?
Advancements in technology are becoming an increasingly popular trend in the powered surgical instrument industry. To maintain their market standing, leading firms in the powered surgical instruments sector are unveiling novel products that incorporate cutting-edge technologies. An illustration of this is the SION surgical instrument for craniotomies launched by Sight Sciences, a medical device manufacturing company from the US, in August 2022. This groundbreaking product utilizes bladeless technology and is meticulously designed and manually powered to excise diseased tissues without necessitating slicing.
Which Segments in the Powered Surgical Instruments Market Offer the Most Profit Potential?
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 Firms Dominate the Powered Surgical Instruments Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in 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
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