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How Rapidly is the Powered Surgical Handpieces Market Forecasted to Grow Between 2024 and 2033?

The powered surgical handpieces market size has shown steady growth in recent years. It is projected to grow from $2.09 billion in 2023 to $2.17 billion in 2024, achieving a compound annual growth rate (CAGR) of 3.6%. The historical growth is driven by the aging population, rising incidence of orthopedic, ENT, neurosurgical, and plastic surgeries, increasing adoption of minimally invasive procedures, rising health consciousness among consumers, and expanding use of smart and automatic control features in powered surgical staplers.

The powered surgical handpieces market is projected to see steady growth, expected to reach $2.51 billion by 2028, with a CAGR of 3.7%. This growth is driven by the increasing volume of global surgical procedures, rising healthcare spending, an aging population, a growing burden of lifestyle diseases, and the high prevalence of chronic conditions requiring surgical intervention. Major trends include technological advancements, increased access to healthcare and medical tourism, a growing adoption of minimally invasive techniques, improvements in imaging and navigation technologies, and a shift toward single-use powered instruments.

What Factors Are Behind the Rapid Growth of the Powered Surgical Handpieces Market?

The increasing volume of surgical procedures is anticipated to drive the growth of the powered surgical handpieces market in the future. Advances in healthcare and improved living standards have resulted in longer life expectancies. The rise of robotic-assisted surgeries has made procedures less invasive, leading to shorter recovery times and greater patient willingness to undergo surgery. Powered surgical handpieces enhance surgical procedures by offering surgeons precise control and efficiency in tasks such as cutting and drilling while reducing fatigue, ultimately improving patient recovery and surgical outcomes. For example, in December 2023, the Australian Institute of Health and Welfare reported 735,500 patient admissions for surgery from public hospital elective surgery waiting lists in the 2022-23 period, an increase from 623,000 admissions, reflecting an 18% rise compared to 2021-22. Therefore, the increasing volume of surgical procedures drives growth in the powered surgical handpieces market.

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What Are the Principal Segments of the Powered Surgical Handpieces Market?

The powered surgical handpieces market covered in this report is segmented –

1) By Type: Electric-Powered, Battery-Powered, Pneumatic-Powered
2) By Application: Orthopedic, Ear Nose Throat (ENT), Cardiothoracic, Neurology, Other Applications
3) By Distribution Channel: Online, Offline

What Emerging Patterns Are Redefining the Powered Surgical Handpieces Market?

Companies in the powered surgical handpieces market are developing surgical stapling devices to improve surgical efficiency and patient outcomes. These devices ensure precise staple formation. In June 2022, Ethicon, a Johnson & Johnson company, launched the ECHELON 3000 Stapler in the U.S., featuring powered articulation and real-time feedback for better control during procedures.

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Which Geographical Regions Are Shaping the Powered Surgical Handpieces Market Growth?

North America was the largest region in the powered surgical handpiece market in 2023. The regions covered in the powered surgical handpieces market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Powered Surgical Handpieces Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the powered surgical handpieces market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Powered Surgical Handpieces Market Include

1. Powered Surgical Handpieces Market Executive Summary
2. Powered Surgical Handpieces Market Segments
3. Powered Surgical Handpieces Market Size And Template Market Growth Rate
4.  Key Powered Surgical Handpieces Market Trends
5. Major Powered Surgical Handpieces Market Drivers
……
25. Key Mergers And Acquisitions In The Powered Surgical Handpieces Market
26. Top Powered Surgical Handpieces Companies
27. Powered Surgical Handpieces Market Opportunities And Strategies
28. Powered Surgical Handpieces Market, Conclusions And Recommendations
29. Appendix

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