Powered Surgical Instrument Market Report: Trends, Forecast and Competitive Analysis to 2030

Powered Surgical Instrument Trends and Forecast

The future of the global powered surgical instrument market looks promising with opportunities in the neurosurgery, orthopedic surgery, plastic surgery, ent surgery, cardiothoracic surgery, and cardiovascular surgery applications. The global powered surgical instrument market is expected to reach an estimated $2.7 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are growing prevalence of chronic diseases, increasing preference for minimally invasive surgeries, and emergence of robotic surgery.

A more than 150-page report is developed to help in your business decisions.

Powered Surgical Instrument by Segment

The study includes a forecast for the global powered surgical instrument by product, power source, application, end use, and region.

Powered Surgical Instrument Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Power Source & Control
• Handpieces
• Accessories

Powered Surgical Instrument Market by Power Source [Shipment Analysis by Value from 2018 to 2030]:

• Electric Instruments
• Battery-Powered Instruments
• Pneumatic Instruments

Powered Surgical Instrument Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Neurosurgery
• Orthopedic Surgery
• Plastic Surgery
• ENT Surgery
• Cardiothoracic Surgery
• Cardiovascular Surgery
• Others

Powered Surgical Instrument Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospital
• Ambulatory Surgical Centers
• Physicians Clinics
• Others

Powered Surgical Instrument Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Powered Surgical Instrument Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies powered surgical instrument companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the powered surgical instrument companies profiled in this report include-

• CONOMED
• Allotech
• Medtronic
• Stryker
• Adeor Medical
• Zimmer Biomet
• Smith & Nephew

Powered Surgical Instrument Market Insights

• Lucintel forecasts that handpiece is expected to witness highest growth over the forecast period due to its features like maximum power and greater efficiency, more light frames and ease of use.

• Within this market, orthopedic is expected to witness highest growth over the forecast perioddue to the rising need for this surgery among geriatric population and growing incidence of injuries and bone disorders.

• North America is expected to witness highest growth over the forecast period due to growing incidence of accidents and presence of key players in the region.

Features of the Global Powered Surgical Instrument Market

• Market Size Estimates: Powered surgical instrument market size estimation in terms of value ($B).

• Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

• Segmentation Analysis: Powered surgical instrument market size by various segments, such as by product, power source, application, end use, and region. in terms of ($B).

• Regional Analysis: Powered surgical instrument market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

• Growth Opportunities: Analysis of growth opportunities in different products, power sources, applications, end uses, and region.s for the powered surgical instrument market.

• Strategic Analysis: This includes M&A, new product development, and competitive landscape of the powered surgical instrument market.

• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the powered surgical instrument market size?

Answer: The global powered surgical instrument market is expected to reach an estimated $2.7 billion by 2030.

Q.2. What is the growth forecast for powered surgical instrument market?

Answer: The global powered surgical instrument market is expected to grow with a CAGR of 4.2% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the powered surgical instrument market?

Answer: The major drivers for this market are growing prevalence of chronic diseases, increasing preference for minimally invasive surgeries, and emergence of robotic surgery.

Q.4. What are the major segments for powered surgical instrument market?

Answer: The future of the powered surgical instrument market looks promising with opportunities in the neurosurgery, orthopedic surgery, plastic surgery, ent surgery, cardiothoracic surgery, and cardiovascular surgery applications.

Q.5. Who are the key powered surgical instrument market companies?

Answer: Some of the key powered surgical instrument companies are as follows:

• CONOMED
• AlloTech
• Medtronic
• Stryker
• Adeor Medical
• Zimmer Biomet
• Smith & Nephew

Q.6. Which powered surgical instrument market segment will be the largest in future?

Answer: Lucintel forecasts that handpiece is expected to witness highest growth over the forecast period due to its features like maximum power and greater efficiency, more light frames and ease of use.

Q.7. In powered surgical instrument market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to growing incidence of accidents and presence of key players in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the powered surgical instrument market by product (power source & control, handpieces, and accessories), power source (electric instruments, battery-powered instruments, and pneumatic instruments), application (neurosurgery, orthopedic surgery, plastic surgery, ent surgery, cardiothoracic surgery, cardiovascular surgery, and others), end use (hospital, ambulatory surgical centers, physicians clinics, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?