Powered Surgical Instrument Market to Touch at a CAGR of 4% by 2026
The Powered Surgical Instrument market size is expected to be worth around Us$ 2900 million By 2026, With projected to the growth of 4% CAGR over the forecast time frame 2019-2026. In Powered Surgical Instrument Market, The regional segmentation includes current and projected demand in North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
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In 2018, North America held the prominent share in global market for powered surgical instruments and is likely to dominate the market during forecast period. The major factors responsible for the growth of this region includes, presence of local manufacturers, efficient compensation policies for healthcare sector, government rules to improve advanced innovative technologies for surgical procedures and increasing training sessions for physician. For instance, in 2018 the global surgical team at the Department of Surgery at Massachusetts General Hospital seeks to enhance surgical education and access to sophisticated surgical care in resource-limited environments globally.
Asia-Pacific is expected to witness massive growth rate during forecast period mainly due to increasing medical tourism in this region. For instance, in 2016, around 115 million medical tourists travelled from abroad to seek healthcare services. Furthermore, in 2016, 10 million patients and near about 17 Billion Euros in revenue were spent in medical tourism sector in the region. Similarly 3.5 million foreign patients spent more than 4 billion euros on health care in 2016 in Thailand, perhaps the most advanced sector in medical tourism in Asia Pacific. In 2016, nearly 1.6 billion euros were spent in medical tourism in Singapore which had nearly 900,000 patients.
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Powered Surgical Instrument Market (By Product: Hand Piece, Power Source & Controls, Accessories; By Power Source: Battery-Powered Instruments, Pneumatic Instruments, Electric Instruments; By Application: Orthopedic Surgery, Neurosurgery, ENT Surgery, Cardiovascular Surgery, Cardiothoracic Surgery, Plastic Surgery, Others) - Global Industry Size, Share, Trends and Forecast 2019 - 2026
A powered surgical instrument is specifically designed for particular surgery. Powered surgical instrument use pneumatic or electrical power source, where pneumatic power source make use of compressed gases such as nitrogen, carbon dioxide, or compressed air. The global market is expected a significant growth due to advanced technology such as advance surgical robotics which will further fuel the market growth. Mostly powered surgical instruments are used in orthopedic, ophthalmic, and cardiac surgical procedure. Furthermore, increasing number of patients for chronic diseases, cardiovascular diseases, orthopedic conditions, and neurological diseases also necessitates surgical interventions.
Rising medical tourism, growing adoption of powered surgical instruments by surgeons due to lifestyle diseases, increased healthcare investment, and rising facilities of healthcare across the globe are the major factors driving the growth of the market. On the other hand, the factors hindering the market growth are inappropriate quality assurance and inadequate sterilization processes while surgery.
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Increasing demand for robotic surgical process is responsible due to lack of qualified surgical professionals combined with growing amount of surgeries. In 2017, according to the Association of American Medical Colleges, up to 19,800-29,000 nurses are expected to experience important shortages in the U.S. by 2030. It is anticipated that the demand for robotic surgery in North American and European nations combined with the implementation of minimally invasive surgery that requires less post-surgical complications and decreases labor costs will promote the development of the market for electric surgical instruments. The advent of medical tourism in Asian nations owing to the accessibility of sophisticated healthcare facilities, qualified surgeons, and the use of contemporary technical equipment all at low cost in the region further propel the use of these tools, which in turn fuel the development of the market for powered surgical tools..
Some of the prominent players are AlloTech Co. Ltd., CONMED Corporation, Stryker Corporation, Zimmer Biomet, Medtronic plc, adeor medical AG, B. Braun Melsungen AG, and MicroAire Surgical Instruments, LLC., Smith & Nephew plc, GEISTER Medizintechnik GmbH and among others. Key manufacturers are mainly focused on advanced surgical instruments. For instance, advanced powered surgical instruments are electric powered and battery powered, witnessing a prominent adoption rate among physicians, due to easy handling and efficiency.
Recent Developments:
- In 2018, MicroFree surgical small bone power tool was launched by CONMED Corporation. This product was mainly designed for small bone with pencil grip
- In 2019, Stryker acquire Mobius Imaging, LLC for direct entry to imaging segment
- In 2018, Velocity Alpha for high-speed surgical drill system was launched by adeor medical AG with specific features, required for surgery.
- In 2019, Smith & Nephew plc expanded digital surgery ecosystem by acquiring innovator of optical tracking technology
Market Segmentation
Market By Product
- Hand Piece
- Drill Systems
- Reamer Systems
- Saw Systems
- Stapler
- Shavers
- Others
- Power Source & Controls
- Batteries
- Electric Consoles
- Pneumatic Regulators
- Accessories
- Surgical Accessories
- Electrical Accessories
Market By Power Source
- Battery-Powered Instruments
- Pneumatic Instruments
- Electric Instruments
Market By Application
- Orthopedic Surgery
- Neurosurgery
- ENT Surgery
- Cardiovascular Surgery
- Cardiothoracic Surgery
- Plastic Surgery
- Others
Market By Geography
- North America
- US.
- Canada
- Europe
- UK.
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
- What is the overall structure of the market?
- What was the historical value and what is the forecasted value of the market?
- What are the key product level trends in the market?
- What are the market level trends in the market?
- Which of the market players are leading and what are their key differential strategies to retain their stronghold?
- Which are the most lucrative regions in the market space?
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Powered Surgical Instrument
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Powered Surgical Instrument Market By Product
1.2.2.1. Global Powered Surgical Instrument Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.2.2. Global Powered Surgical Instrument Market Revenue Share By Product in 2018
1.2.2.3. Hand Piece
1.2.2.3.1. Drill Systems
1.2.2.3.2. Reamer Systems
1.2.2.3.3. Saw Systems
1.2.2.3.4. Stapler
1.2.2.3.5. Shavers
1.2.2.3.6. Others
1.2.2.4. Power Source & Controls
1.2.2.4.1. Batteries
1.2.2.4.2. Electric Consoles
1.2.2.4.3. Pneumatic Regulators
1.2.2.5. Accessories
1.2.2.5.1. Surgical Accessories
1.2.2.5.2. Electrical Accessories
1.2.3. Powered Surgical Instrument Market By Power Source
1.2.3.1. Global Powered Surgical Instrument Market Revenue and Growth Rate Comparison By Power Source (2015-2026)
1.2.3.2. Battery-Powered Instruments
1.2.3.3. Pneumatic Instruments
1.2.3.4. Electric Instruments
1.2.4. Powered Surgical Instrument Market By Application
1.2.4.1. Global Powered Surgical Instrument Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.4.2. Orthopedic Surgery
1.2.4.3. Neurosurgery
1.2.4.4. ENT Surgery
1.2.4.5. Cardiovascular Surgery
1.2.4.6. Cardiothoracic Surgery
1.2.4.7. Plastic Surgery
1.2.4.8. Others
1.2.5. Powered Surgical Instrument Market By Geography
1.2.5.1. Global Powered Surgical Instrument Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Powered Surgical Instrument Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Powered Surgical Instrument Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Powered Surgical Instrument Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Powered Surgical Instrument Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Powered Surgical Instrument Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Powered Surgical Instrument Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Powered Surgical Instrument Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Powered Surgical Instrument Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Powered Surgical Instrument Major Manufacturers in 2018
CHAPTER 4. POWERED SURGICAL INSTRUMENT MARKET BY PRODUCT
4.1. Global Powered Surgical Instrument Revenue By Product
4.2. Hand Piece
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.2.3. Drill Systems
4.2.4. Reamer Systems
4.2.5. Saw Systems
4.2.6. Stapler
4.2.7. Shavers
4.2.8. Others
4.3. Power Source & Controls
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3.3. Batteries
4.3.4. Electric Consoles
4.3.5. Pneumatic Regulators
4.4. Accessories
4.4.1. Surgical Accessories
4.4.2. Electrical Accessories
CHAPTER 5. POWERED SURGICAL INSTRUMENT MARKET BY POWER SOURCE
5.1. Global Powered Surgical Instrument Revenue By Power Source
5.2. Battery-Powered Instruments
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Pneumatic Instruments
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Electric Instruments
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. POWERED SURGICAL INSTRUMENT MARKET BY APPLICATION
6.1. Global Powered Surgical Instrument Revenue By Application
6.2. Orthopedic Surgery
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Neurosurgery
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. ENT Surgery
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.5. Cardiovascular Surgery
6.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.6. Cardiothoracic Surgery
6.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.7. Plastic Surgery
6.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.8. Others
6.8.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.8.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA POWERED SURGICAL INSTRUMENT MARKET BY COUNTRY
7.1. North America Powered Surgical Instrument Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Powered Surgical Instrument Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Powered Surgical Instrument Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE POWERED SURGICAL INSTRUMENT MARKET BY COUNTRY
8.1. Europe Powered Surgical Instrument Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Powered Surgical Instrument Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC POWERED SURGICAL INSTRUMENT MARKET BY COUNTRY
9.1. Asia-Pacific Powered Surgical Instrument Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Powered Surgical Instrument Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA POWERED SURGICAL INSTRUMENT MARKET BY COUNTRY
10.1. Latin America Powered Surgical Instrument Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Powered Surgical Instrument Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA POWERED SURGICAL INSTRUMENT MARKET BY COUNTRY
11.1. Middle East & AFRICA Powered Surgical Instrument Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & AFRICA Powered Surgical Instrument Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Power Source, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. AlloTech Co. Ltd.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. CONMED Corporation
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Medtronic plc
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Stryker Corporation
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Zimmer Biomet
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. adeor medical AG
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Smith & Nephew plc
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. B. Braun Melsungen AG
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. MicroAire Surgical Instruments, LLC.
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. GEISTER Medizintechnik GmbH
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Type Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
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