Market Segmentation:
- By Product Type
- Orthopedic surgical instruments
- Cardiovascular surgical instruments
- Neurosurgical instruments
- Ophthalmic surgical instruments
- Obstetrics and gynecology surgical instruments
- Others (Dental, ENT, Plastic Surgery, etc.)
- By Power Source
- Electric-powered instruments
- Battery-powered instruments
- Pneumatic-powered instruments
- Others (Hydraulic, etc.)
- By Application
- Orthopedic surgery
- Cardiovascular surgery
- Neurosurgery
- Ophthalmology
- Obstetrics and gynecology
- Others (Dental, ENT, Plastic Surgery, etc.)
- By End-User
- Hospitals
- Ambulatory surgical centers
- Specialty clinics
- Others (Research institutes, academic institutions, etc.)
- By Technology
- Robotics
- Minimally invasive surgical instruments
- Conventional surgical instruments
- Others (Imaging-guided, AI-assisted, etc.)
- By Usability
- Reusable surgical instruments
- Disposable surgical instruments
- By Component
- Handpieces
- Power consoles
- Accessories
- Others (Footswitches, cables, etc.)
- By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Frequently Asked Questions
The current market size of the Powered Surgical Instrument industry is estimated to be around US$ 3.2 billion in 2023.
Rising prevalence of chronic diseases, Increasing adoption of minimally invasive surgeries, Technological advancements in powered surgical instruments, Growing geriatric population
The key factors hampering the growth of the Powered Surgical Instrument Market include: High cost of advanced powered instruments, Risk of surgical site infections, Stringent regulatory approvals for new products
The leading component segment in the Powered Surgical Instrument Market is the handpieces segment, which are used for various surgical procedures and offer enhanced precision and control.
The major players operating in the Powered Surgical Instrument Market include Stryker Corporation, Medtronic plc, Johnson & Johnson, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Smith & Nephew plc, Conmed Corporation, Arthrex, Inc., DePuy Synthes (Johnson & Johnson), and Microaire Surgical Instruments LLC.
The Powered Surgical Instrument Market is expected to grow at a CAGR of around 11.2% during the forecast period of 2024-2031, and it is estimated to reach a market size of US$ 7.5 billion by 2031.
The key drivers of the Powered Surgical Instrument Market include: Rising prevalence of chronic diseases, Increasing adoption of minimally invasive surgeries, Technological advancements in powered surgical instruments, Growing geriatric population, Increasing healthcare expenditure