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According to The Business Research Company’s Powered Surgical Instruments Global Market Report 2023, the global market for powered surgical instruments is projected to increase from $2.16 billion in 2022 to $2.9 billion in 2023, with a 6.1% CAGR. It is anticipated to reach $2.78 billion in 2027 with a 5% CAGR.

What was the major driver in the powered surgical instruments market?
A surge in surgical procedures drives the powered surgical instruments market. Surgery, a medical discipline involving operative treatment, utilizes these instruments to enhance precision and efficiency, including sawing and drilling. Notably, in April 2022, the Aesthetic Society reported a 54% rise in surgical aesthetic procedures in 2021 compared to 2020, with surgeons performing an average of 320 procedures in 2021, up from 220 in 2020, underscoring the market’s growth linked to increased surgical procedures.

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What was the key trend in the powered surgical instrumentsmarket?
Technological advancements are a prominent trend in the powered surgical instrument market. Leading companies in this sector are releasing cutting-edge, technologically-driven products to maintain their market standing. For example, in August 2022, Sight Sciences, a US-based medical device manufacturer, introduced the SION surgical instrument for craniotomies, featuring bladeless technology. This precision-engineered, manually operated device removes diseased tissue without cutting.

Which was the largest region in the powered surgical instruments market?
North America was the largest region in the powered surgical instruments market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in powered surgical instruments report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the powered surgical instrumentsmarketprominent players?
Major players in the powered surgical instruments market are Johnson and Johnson Inc., Medtronic PLC, Becton Dickinson and Company (BD), Stryker Corporation, B. Braun Melsungen AG, Olympus Corporation, Zimmer Biomet Holdings Inc., Smith and Nephew PLC, Hologic Inc., CooperSurgical Inc., Karl Storz SE and Co. KG, Arthrex Inc., Integra LifeSciences Holdings Corporation, ConMed Corporation, Exactech Inc., Richard Wolf GmbH, NuVasive Inc., Peter Brasseler Holdings LLC., Panther Medical Equipment Co. Ltd., MicroAire Surgical Instruments LLC, Misonix Inc., De Soutter Medical Ltd., KLS Martin Group, Encision Inc., AlloTech Co. Ltd., Adeor Medical AG, Surtex Instruments Limited, Alesi Surgical Ltd., ECA Medical Instruments, and Ceterix Orthopedics Inc.

Key powered surgical instrumentsmarket segments
The global powered surgical instruments market is segmented –
1) By Product: Handpiece, Power Source And Control, Accessories
2) By Power Source: Electric Instruments, Battery-Powered Instruments, Pneumatic Instruments
3) By Application: Orthopedic Surgery, Oral And Maxillofacial Surgery, Neurosurgery, ENT (Ear Nose Throat) Surgery, Plastic And Reconstructive Surgery, Cardiothoracic Surgery, Other Applications

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The Powered Surgical Instruments Global Market Report 2023 provides a comprehensive overview on the powered surgical instruments market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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