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Powered Surgical Instrument Market Research Report Information By Power Source (Electric Instruments, Battery-powered Instruments and Pneumatic Instruments), By Product (Handpieces (Drills, Saws, Reamers, Staplers, Shavers, Wire/Pin Drivers, Others), Power Source and Controls (Batteries, Electric Consoles, Pneumatic Regulators) and Accessories (Surgical Accessories, Electrical Accessories, Others Accessories)), By Application (Orthopedic Surgery, Oral and Maxillofacial Surgery, ENT Surgery, Neurosurgery, Plastic and Reconstructive Surgery and Cardiothoracic Surgery), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
Market Summary
The powered surgical instrument market is a rapidly evolving segment within the medical device industry, characterized by technological advancements and a growing demand for minimally invasive surgeries. These instruments, which are electrically or pneumatically powered, are used in various surgical procedures to enhance precision, reduce operation time, and improve patient outcomes. The market has seen significant growth due to the increasing prevalence of chronic diseases, rising geriatric population, and the growing number of surgical procedures performed worldwide.
Global Powered Surgical Instrument Market Size was valued at USD 2.3 Billion in 2023. The Powered Surgical Instrument market industry is projected to grow from USD 2.4 Billion in 2024 to USD 3.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024 – 2032).
Key Players
Several key players dominate the powered surgical instrument market, contributing to its innovation and growth.
MRFR recognizes the following companies as the key players in the global Powered Surgical Instrument market—
Segmentation
The global Powered Surgical Instrument market has been segmented based on Power Source, Product and Application.
On the basis of Power Source, the market is segmented into Electric Instruments, Battery-powered Instruments and Pneumatic Instruments. The Electric Instruments Power Source captured the largest market share in 2023 due to its versatility and efficiency in powering surgical instruments. These power sources offer consistent and reliable energy delivery, enabling precise surgical procedures. Additionally, advancements in electric instrument technology and their compatibility with various surgical instruments contributed to their dominance in the market.
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Based on Product, the global Powered Surgical Instrument market has been segmented into Handpieces (Drills, Saws, Reamers, Staplers, Shavers, Wire/Pin Drivers, Others), Power Source and Controls (Batteries, Electric Consoles, Pneumatic Regulators) and Accessories (Surgical Accessories, Electrical Accessories, Others Accessories). The Handpieces products secured the largest market share in 2023 due to their widespread use across a variety of surgical procedures. Handpieces provide surgeons with precision, control, and flexibility during operations. Additionally, advancements in ergonomic design and compatibility with various surgical tools contributed to their dominance in the Powered Surgical Instrument market.
Based on Application, the global Powered Surgical Instrument market has been segmented into Orthopedic Surgery, Oral and Maxillofacial Surgery, ENT Surgery, Neurosurgery, Plastic and Reconstructive Surgery and Cardiothoracic Surgery. The Orthopedic Surgery Application captured the largest market share in 2023 due to the increasing prevalence of orthopedic conditions and surgeries. Powered surgical instruments are extensively used in orthopedic procedures for precision and efficiency. Moreover, advancements in orthopedic surgical techniques and the aging population contributed to the dominance of this application segment.
Regional Analysis
The global Powered Surgical Instrument market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Powered Surgical Instrument market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Powered Surgical Instrument market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Powered Surgical Instrument market comprises the Middle East, Africa, and Latin America.
Browse In-depth Market Research Report (128 Pages) on Powered Surgical Instrument:
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North America dominated the Powered Surgical Instrument market due to factors such as advanced healthcare infrastructure, high prevalence of chronic diseases requiring surgical interventions, and significant investments in healthcare technology. Additionally, the presence of key market players, favorable reimbursement policies, and increasing adoption of minimally invasive surgical techniques further contributed to North America’s substantial market share in this sector.
Europe secured the second largest market share in the Powered Surgical Instrument market due to factors such as a well-established healthcare system, increasing demand for surgical procedures, and technological advancements in surgical instruments. Moreover, favorable regulatory policies, growing investments in healthcare infrastructure, and the presence of leading medical device manufacturers further bolstered Europe’s position in this market.
Asia Pacific is experiencing the highest compound annual growth rate (CAGR) in the Powered Surgical Instrument market due to factors such as the rising prevalence of chronic diseases, increasing healthcare expenditure, and expanding healthcare infrastructure. Moreover, the growing adoption of advanced surgical technologies, rising demand for minimally invasive procedures, and supportive government initiatives further drive market growth in the region.
Furthermore, the rest of the world’s Powered Surgical Instrument market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the Powered Surgical Instrument market due to factors such as improving healthcare infrastructure, rising investments in medical technology, increasing surgical procedures, and expanding access to advanced surgical instruments in emerging markets outside of North America, Europe, and Asia Pacific.
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