Global Powered Surgical Instrument Market to grow with a CAGR of 5.71%.
Increasing healthcare infrastructure and a
supportive regulatory environment are the major drivers for the Global Powered
Surgical Instrument Market.
According to TechSci Research report, “Global Powered
Surgical Instrument Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global Powered Surgical Instrument Market has
valued at USD 2.52 billion in 2022 and is anticipated to witness an impressive
growth in the forecast period with a CAGR of 5.71% through 2028. This can be due to collaborations and
partnerships among leading companies with a diverse approach to merge the
expertise of individual companies and to strengthen their position in the
market.
Minimally Invasive Surgery (MIS) plays a
significant role in driving the demand for powered surgical instruments in the
global market. MIS techniques have become increasingly popular and have
transformed the field of surgery, offering several advantages over traditional
open surgery. Powered surgical instruments are instrumental in performing
minimally invasive procedures efficiently and with precision. MIS procedures
involve making smaller incisions compared to traditional open surgery. Powered
instruments are essential for accessing and working within these confined
spaces. Powered
instruments are often equipped with cameras and lighting systems that provide
surgeons with enhanced visualization of the surgical site. This improves
accuracy and allows for more precise surgical maneuvers.
Browse over XX market data Figures and spread through 110 Pages and an in-depth TOC on " Global Powered Surgical Instrument Market”
Several different
types of procedures are assisted by powered surgical equipment. They have a
power source and are either electrical or pneumatic. These tools aid in
improved efficiency and thereby shorten the time needed for surgery. During the
procedure, they can be used to clean, check, and sterilize. The demand for
powered surgical instruments has expanded because of numerous developments and
advances in the departments of neurology, dentistry, cardiology, orthopedics,
and otology.
In June 2022, The
ECHELON 3000 Stapler, a digitally enabled tool that gives surgeons simple,
one-handed powered articulation to help address the demands of their patients,
has been launched in the United States, according to Ethicon, a division of
Johnson & Johnson MedTech. With
ECHELON 3000, surgeons have improved access to and control over each
transaction, even when working with difficult tissue or in confined places.
These capabilities enable surgeons to make crucial modifications throughout
surgeries, in combination with software that provides real-time haptic and
audio device feedback. When compared to the Medtronic Signina Stapling System,
ECHELON 3000 offers the same capabilities for advancing staple line security
and delivering fewer leakage paths at the staple line as the ECHELON+ Stapler
with GST Reloads.
Training and education are
important challenges in the global powered surgical instrument market. These
challenges are relevant to both healthcare providers who use powered surgical
instruments and the manufacturers and distributors of these devices. Powered surgical
instruments can be complex and sophisticated, requiring specialized training to
operate effectively and safely. Surgeons, nurses, and surgical staff must have
a thorough understanding of the instruments they use to minimize the risk of errors
and complications. Healthcare
institutions and manufacturers must invest in specialized training programs to
ensure that surgeons and staff are proficient in the use of powered surgical
instruments. These programs can be costly and time-consuming. Understanding and following
safety protocols when using powered surgical instruments is crucial. Training
programs should emphasize safety measures to prevent accidents and adverse
events.
Global Powered Surgical
Instrument Market segmentation is based on Therapy, End User, and Region.
Based on Application,
Global Powered Surgical Instrument Market is segmented into Orthopedic, Dental,
Neurosurgery, Cardiothoracic Surgery, and Other Applications. Cardiothoracic
surgery, also known as thoracic surgery, is a specialized field of surgery that
focuses on the treatment of diseases and conditions affecting the chest,
including the heart, lungs, esophagus, and major blood vessels in the thoracic
(chest) cavity. Cardiothoracic surgeons are highly trained medical
professionals who perform a wide range of surgical procedures to diagnose,
manage, and treat various thoracic and cardiovascular disorders. Cardiothoracic
surgery has seen significant advancements in recent years, including the use of
minimally invasive techniques, robotic surgery, and the development of
innovative devices for heart and lung surgeries. These advancements aim to
reduce surgical trauma, improve outcomes, and enhance patient recovery.
Based on Region, North
America dominated the Global Powered Surgical Instrument Market.
North America has one of the highest levels of healthcare spending in the
world. The region's commitment to investing in healthcare services and medical
equipment contributes to the widespread adoption of advanced surgical
instruments. Many leading
manufacturers of powered surgical instruments are based in North America or
have a strong presence in the region. This proximity to innovation hubs and
research centers allows for the rapid development and adoption of cutting-edge
surgical technologies. Access
to healthcare services and surgical procedures is facilitated by relatively
high levels of health insurance coverage in North America. Patients are more
likely to undergo surgical procedures when they have insurance, further
boosting demand.
Asia-pacific
region to fastest growth in the Global Powered Surgical Instrument Market. Many
countries in the Asia-Pacific region, including China, India, and Southeast
Asian nations, have been investing heavily in expanding their healthcare
infrastructure. The construction of new hospitals, clinics, and healthcare
facilities has increased the demand for advanced medical equipment, including
powered surgical instruments. The
APAC region is home to a significant and rapidly aging population. As people
age, the need for surgical interventions, particularly orthopedic procedures,
and cardiovascular surgeries, tends to increase. This demographic shift is
driving the demand for powered surgical instruments. Improved
access to healthcare services, driven by government initiatives and private
investments, is allowing a larger portion of the population to access surgical
care. This has expanded the market for surgical instruments.
Some of the major companies operating in the Global Powered Surgical
Instrument Market include:
- Johnson & Johnson
- Braun Melsungen Ag
- Stryker Corporation
- Medtronic PLC
- Smith & Nephew PLC
- Zimmer Biomet Holdings Inc.
- ConMed Corp.
- Desoutter Medical Ltd
- Adeor Medical AG
- Panther Healthcare
- AlloTech Co. Ltd
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“Certain areas,
particularly in North America, are projected to exert significant demand Surgical
Instrument. The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhance the overall
wellbeing of people each year, are expected to contribute to a remarkable
growth of the Global Powered Surgical Instrument Market in the forecast period,"
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
Powered Surgical Instrument Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by
Type of Power Source (Electric Instruments, Battery-powered Instruments, and
Pneumatic Instruments), By Product Type (Handpiece, Disposables, and
Accessories), By Application (Orthopedic, Dental, Neurosurgery, Cardiothoracic
Surgery, and Other Applications), and By Region, Competition evaluated
the future growth potential of Global Powered Surgical Instrument Market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide innovative market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Powered Surgical Instrument Market.
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