Global Powered Surgical Instruments Market Growth, share and Forecast Research Reports

Global Powered Surgical Instruments Market was worth USD 9.3 billion in 2016 and estimated to be growing at a CAGR of 6.77%, to reach USD 12.9 billion by 2021. A powered surgical instrument is a device designed especially for a specific procedure during a surgery. Sources of power for powered surgical instruments are either electrical or pneumatic, the former of which includes line current and batteries. Pneumatic power sources utilize compressed gases such as nitrogen, carbon dioxide, or compressed air.

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The conventional surgery involves large incision and causes a lot of trauma to soft tissues which are present in the areas of injury. Minimally invasive procedures achieves the same goal and decreases the trauma by small incisions itself. Surgeries including orthopaedic procedures, ENT surgeries, complex spine surgeries, and neurosurgeries can be treated using minimally invasive techniques. Conditions related to joint replacement, arthroscopic repairs of sports injuries, and microscopic treatment of musculo-skeletal conditions which are complex in nature use minimally invasive techniques. This will subsequently push vendors in introducing more variants of powered surgical instruments used in minimally invasive procedures.

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The driving factors of global powered surgical instruments market are innovative technological achievements such as surgical robotics, rising prevalence of chronic diseases like cancer, cardiovascular diseases, orthopaedic conditions and neurological diseases, medical tourism, rising investment in health care and growing prevalence of lifestyle related diseases among others. However, the market is constrained by factors like inadequate quality assurance, lack of adequate sterilization processes and rising pressure on healthcare providers to reduce costs among others.

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Market Segmentation

• Application
-Oral and Maxillofacial Surgery
-Orthopaedic Surgery
-Neurosurgery
-ENT Surgery
-Plastic and Reconstructive Surgery
-Cardiothoracic Surgery

• Power Source
-Battery Powered Instruments
-Electric Instruments
-Pneumatic Instruments

• Product
-Power Source and Controls
-Accessories
-Handpieces

The Global Powered Surgical Instruments market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Powered Surgical Instruments in the world, which is followed by Europe and Asia Pacific regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period.

Some of the major players in the market are B. Braun Melsungen Ag, Medtronic, Inc., Johnson and Johnson, Stryker Corporation, Conmed Corporation, Smith and Nephew PLC, Microaire Surgical Instruments, Inc., Peter Brasseler Holdings, LLC., Zimmer Holdings and Desoutter Medical Ltd. among others.

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This release was published on openPR.