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Powered surgical instruments play a key role in operation theaters and are becoming an important part of surgical procedures.

 
Powered Surgical Instruments Market - Insights
Powered surgical instruments play a key role in operation theaters and are becoming an important part of surgical procedures. Powered surgical instruments are considered to be surgical devices with accessories used to shape, fixate, cut, drill or dissect a bone. They are used to emulsify, fragment, and aspirate soft tissues in multiple procedures such as sports surgery and reconstructive surgeries, extremity procedures, and surgeries including neurological, ENT, spinal cord surgeries, and others. These surgeries require highly skilled and technically expert surgeons. Moreover, powered surgical tools are required for these surgeries, which help surgeons to achieve precision and accuracy in extensive surgical procedures.


The global powered surgical instruments market is estimated to be valued at US$ 2,147.6 million in 2019 and is expected to witness a robust CAGR of 3.0% over the forecast period (2019 - 2027)

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Increasing preference of physicians for robotic surgery is expected to drive the global powered surgical instruments market growth

Lack of skilled surgical experts and increasing number of surgical procedures performed in a day are driving demand for robotic surgical procedures. There is shortage of physicians as compared to number of patients for performing surgeries. According to Association of American Medical Colleges (AAMC) in 2019, it is estimated that the physicians’ shortage could reach 122,000 physicians by 2032 in the U.S. Thus, the demand for robotic surgeries in North American and European countries is expected to increase due to rising adoption of minimally invasive surgeries by physicians, which speeds up the process of surgery and helps in reducing the surgery cost.

Increasing adoption of technologies such as robotic surgical instruments by hospitals

Major hospitals such as Apollo hospital, Summerlin hospital, and others are engaged in installing robotic surgical unit system in hospitals to enhance patient care and for better surgery outcomes. For instance, in December 2019, Apollo Hospitals Bangalore launched the first dedicated Robot-assisted Cardiac Surgery Unit in India. The unit will be equipped with advanced fourth-generation versatile ‘da Vinci Xi’ robotic surgical system. Increasing product launches and approvals by manufacturers are expected to boost the global powered surgical instruments market growth. For instance, in January 2019, Medtronic Plc launched its Mazor X Stealth robotic-assisted spinal surgical platform in the U.S., showcasing its use in its first surgical procedures.

Global Powered Surgical Instruments Market - Regional Analysis

On the basis of region, the global powered surgical instruments market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the market, owing to presence of key players such as Stryker Corporation, Zimmer Biomet, Ethicon, and others in the region. These manufacturers are engaged in developing and launching new innovative products and offer huge portfolio of products used in performing surgeries. For instance, Stryker Corporation offers huge portfolio of powered surgical tools including small, large, and medium sized bone power tools, drill systems, neuro and spine tools, and others. This is expected to boost the North America powered surgical instruments market growth in the global powered surgical instruments market.

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Restraints

Major factors restraining the global powered surgical instruments market growth are product recall, unfavorable reimbursement policies, and threat of surgical site contamination with the use of reusable devices. For instance, in October 2019, Ethicon (Johnson & Johnson subsidiary) initiated Class I recall of its Echelon Flex Endopath staplers.

Key Players

Some of the major players operating the global powered surgical instruments market include Stryker Corporation, Conmed Corporation, Zimmer Biomet Holdings, Inc., MicroAire Corporation, Medtronic Plc, KLS Martin L.P., DePuy Synthes, Smith & Nephew, Arthrex, Inc, and B. Braun Melsungen AG.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Last Updated April 6, 2021