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Global Powered Surgical Instrument Market to reach USD XX billion by the end of 2029.

Global Powered Surgical Instrument Market Size study & Forecast, by Power Source (Electric Instruments, Battery-powered Instruments, and Pneumatic Instruments), Product Type (Handpiece, Disposables, and Accessories), Application (Orthopedic, Dental, Neurosurgery, Cardiothoracic Surgery, and Other Applications), and Regional Analysis, 2022-2029

Product Code: HLSMDE-52604483
Publish Date: 25-01-2023
Page: 200

Global Powered Surgical Instrument Market is valued at approximately USD xx billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.41% over the forecast period 2022-2029. Powered Surgical Instrument are tools used at the time of patient’s surgery in healthcare industry. The purpose of using these instruments is to diminish the hour of surgical procedures and provide consistent function and high performance. The Powered Surgical Instrument market is expanding because of factors such as the increasing number of surgical procedures, the increasing geriatric population and the growing prevalence of lifestyle diseases. This market is majorly dominated by Stryker Co., B. Braun Melsungen Ag, Medtronic Incorporated, Smith & Nephew, Johnson & Johnson, Conmed Co., Desoutter Medical Ltd, and Zimmer Holdings.

The growth in geriatric population seems to suffer from various diseases which can’t be treated easily just from oral medicine and require surgical treatment. As well as Diseases caused by unhealthy lifestyle such as heart disease and osteoporosis can be treated by surgery. To perform these surgeries, it is necessary to have powered surgical instruments/tools. For instance, according to a research study which was published in September 2020 titled “Establishment of National Surgical Needs in India by Listing Surgical Procedures in Urban Communities under Universal Health Coverage”. The reported rate of surgery in low- and middle-income countries is 295 per 100,000 people, compared with up to 23,000 surgeries per 100,000 people in high-income countries which shows high demand for these surgical procedures will positively impact the powered surgical instruments market. Moreover, the technological advancement of powered surgical instruments is expected to increase the opportunity for this significant market in the forthcoming years. However, the reimbursement challenges, inadequately skilled professionals, and lack of sterilization procedures stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Powered Surgical Instrument Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the region’s increasing disease prevalence. According to statistics from the American Heart Association released in January 2019, nearly half of the US population has cardiovascular diseases, including hypertension, coronary heart disease, and so on. The prevalence of heart disease is creating a need for cardiovascular surgery, which has been driving the market. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising target geriatric populations and chronic disease, an increase in the number of biosimilar developments, an increase in surgical procedures, active support of government and nonprofit organizations in the market space.

Major market player included in this report are:
Stryker Corporation
Smith & Nephew PLC
De soutter Medical Ltd
Zimmer Biomet
Medtronic PLC
Johnson & Johnson Pvt Ltd.
B. Braun Melsungen Ag
Adeor Medical AG
ConMed Corporation
MicroAire Surgical Instruments
Recent Developments in the Market:
 In August2021, Panther Healthcare released its Smart Powered Stapler technology platform that provides intelligent and automated control over compression, transection, and tissue ablation for gastrointestinal surgical procedures (including obesity), thoracic, colorectal, oncology, gynaecological and other open laparoscopic surgical processes. The device has been released in Europe, the Middle East, Africa, Asia and Latin America.
 In March 2021, Ethicon announced the global launch of the ECHELON+ stapler with GST Reload. This is a new powered surgical stapler anticipated to increase staple line security and diminish variables manifested by further consistent tissue compaction and better staple formation.

Global Powered Surgical Instrument Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Power Source, Product Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Power Source:
Electric Instruments
Battery-powered Instruments
Pneumatic Instruments
By Product Type:
By Application:
Cardiothoracic Surgery
Other Applications

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Powered Surgical Instrument Market, by Region, 2019-2029 (USD Billion)
1.2.2. Powered Surgical Instrument Market, by Power Source, 2019-2029 (USD Billion)
1.2.3. Powered Surgical Instrument Market, by Product Type, 2019-2029 (USD Billion)
1.2.4. Powered Surgical Instrument Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Powered Surgical Instrument Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Powered Surgical Instrument Market Dynamics
3.1. Powered Surgical Instrument Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing Number of Surgical Procedures Increasing Geriatric Population Growing Prevalence of Lifestyle Diseases
3.1.2. Market Challenges Reimbursement Challenges Inadequate Skilled Professionals Lack of Sterilization Procedure
3.1.3. Market Opportunities Technological Advancements of Powered Surgical Instruments
Chapter 4. Global Powered Surgical Instrument Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Powered Surgical Instrument Market, by Power Source
6.1. Market Snapshot
6.2. Global Powered Surgical Instrument Market by Power Source, Performance – Potential Analysis
6.3. Global Powered Surgical Instrument Market Estimates & Forecasts by Power Source 2019-2029 (USD Billion)
6.4. Powered Surgical Instrument Market, Sub Segment Analysis
6.4.1. Electric Instruments
6.4.2. Battery-powered Instruments
6.4.3. Pneumatic Instruments
Chapter 7. Global Powered Surgical Instrument Market, by Product Type
7.1. Market Snapshot
7.2. Global Powered Surgical Instrument Market by Product Type, Performance – Potential Analysis
7.3. Global Powered Surgical Instrument Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
7.4. Powered Surgical Instrument Market, Sub Segment Analysis
7.4.1. Handpiece
7.4.2. Disposables
7.4.3. Accessories
Chapter 8. Global Powered Surgical Instrument Market, by Application
8.1. Market Snapshot
8.2. Global Powered Surgical Instrument Market by Application, Performance – Potential Analysis
8.3. Global Powered Surgical Instrument Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Powered Surgical Instrument Market, Sub Segment Analysis
8.4.1. Orthopedic
8.4.2. Dental
8.4.3. Neurosurgery
8.4.4. Cardiothoracic Surgery
8.4.5. Other Applications
Chapter 9. Global Powered Surgical Instrument Market, Regional Analysis
9.1. Powered Surgical Instrument Market, Regional Market Snapshot
9.2. North America Powered Surgical Instrument Market
9.2.1. U.S. Powered Surgical Instrument Market Power Source breakdown estimates & forecasts, 2019-2029 Product Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Powered Surgical Instrument Market
9.3. Europe Powered Surgical Instrument Market Snapshot
9.3.1. U.K. Powered Surgical Instrument Market
9.3.2. Germany Powered Surgical Instrument Market
9.3.3. France Powered Surgical Instrument Market
9.3.4. Spain Powered Surgical Instrument Market
9.3.5. Italy Powered Surgical Instrument Market
9.3.6. Rest of Europe Powered Surgical Instrument Market
9.4. Asia-Pacific Powered Surgical Instrument Market Snapshot
9.4.1. China Powered Surgical Instrument Market
9.4.2. India Powered Surgical Instrument Market
9.4.3. Japan Powered Surgical Instrument Market
9.4.4. Australia Powered Surgical Instrument Market
9.4.5. South Korea Powered Surgical Instrument Market
9.4.6. Rest of Asia Pacific Powered Surgical Instrument Market
9.5. Latin America Powered Surgical Instrument Market Snapshot
9.5.1. Brazil Powered Surgical Instrument Market
9.5.2. Mexico Powered Surgical Instrument Market
9.5.3. Rest of Latin America Powered Surgical Instrument Market
9.6. Rest of The World Powered Surgical Instrument Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Stryker Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Smith & Nephew PLC
10.2.3. De soutter Medical Ltd
10.2.4. Zimmer Biomet
10.2.5. Medtronic PLC
10.2.6. Johnson & Johnson Pvt Ltd
10.2.7. B. Braun Melsungen Ag
10.2.8. Adeor Medical AG
10.2.9. ConMed Corporation
10.2.10. MicroAire Surgical Instruments
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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