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How has the powered surgical handpieces market size evolved in recent years?

The market for powered surgical handpieces has witnessed a consistent growth over recent years. It is anticipated to expand from a valuation of $2.17 billion in 2024 to $2.25 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.9%. This growth during the historic period can be linked to various factors such as increasing elderly population, a rise in orthopedic, ENT, neurosurgical operations, as well as plastic and reconstructive surgeries. Other contributing factors include growing preference for minimally invasive procedures and arthroscopy, increased health awareness and disposable income among consumers, and the growing prevalence of smart and automatic controls in powered surgical staplers.

What are the predictions for the powered surgical handpieces market size in the coming years?

The powered surgical handpieces market size is expected to see steady growth in the next few years. It will grow to $2.6 billion in 2029 at a compound annual growth rate (CAGR) of 3.6%. The growth in the forecast period can be attributed to increasing volume of global surgical procedures, rise in healthcare spending, increasing geriatric population, rising lifestyle disease burden, and high prevalence of chronic disorders requiring surgical interventions. Major trends in the forecast period include technological advancements, increased accessibility to healthcare and medical tourism, increasing adoption of minimally invasive surgical techniques, advancements in imaging and navigation technologies, and shift towards single-use and disposable powered instruments.

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What key factors are fueling the growth of the powered surgical handpieces market?

The growth of the powered surgical handpieces market is expected to be fueled by the escalating volume of surgical procedures. Improvements in healthcare and living standards have resulted in prolonged life spans. The prevalence of robotic-assisted surgeries have rendered surgical procedures less invasive, thereby shortening recovery periods and elevating patient readiness to undergo surgery. Powered surgical handpieces aid in surgeries by giving surgeons enhanced control, efficiency in tasks like cutting and drilling, and reduced fatigue, thus improving the overall surgical results and patient recuperation. For example, the Australian Institute of Health and Welfare, a government agency based in Australia, reported in December 2023 that there were 735,500 patient admissions for surgery from public hospital elective surgery waiting lists in the 2022-23 period, marking an 18% rise from the 623,000 admissions in the previous year, 2021-22. This amplifying volume of surgical procedures is, therefore, propelling the powered surgical handpieces market.

How is the global powered surgical handpieces market divided into key segments?

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

Subsegments:

1) By Electric-Powered: High-Speed Drills, Surgical Saws, Surgical Drills, Reamers, Electric Staplers

2) By Battery-Powered: Cordless Surgical Drills, Battery-Powered Saws, Arthroscopic Shavers, Battery-Powered Screwdrivers

3) By Pneumatic-Powered: Pneumatic Surgical Drills, Pneumatic Saws, Pneumatic Reamers, Pneumatic Microdebriders

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Who are the key firms paving the way for growth in the powered surgical handpieces market?

Major companies operating in the powered surgical handpieces market are Johnson & Johnson Services Inc., 3M Company, Medtronic plc, Stryker Corporation, B. Braun, NSK Ltd, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Arthrex Inc., CONMED Corporation, KLS Martin Group, Exactech Inc., Brasseler GmbH & Co., Panther Healthcare Pvr Ltd., Maxon Corporation Inc, MicroAire Surgical Instruments LLC, Desoutter Medical Ltd, MatOrtho Limited, Wuhu Ruijin Medical Instrument & Device Co. ltd., Aygun Surgical Instruments, AlloTech Inc., Adeor Medical AG, Orthopromed Inc., iMedicom Co. Ltd., PUSM Medical Device Co. Ltd

What key trends are currently impacting the powered surgical handpieces market’s development?

Key players in the powered surgical handpieces market are introducing surgical stapling devices aiming to boost surgical efficiency, minimize operation duration, and improve the results for patients. These revolutionary stapling devices are engineered to deliver accurate and consistent staple formation. Instruments such as these, used in medical procedures to seal wounds or surgical cuts using staples instead of sutures, are gaining popularity. For example, Ethicon, a US-based MedTech firm under Johnson & Johnson, unveiled the ECHELON 3000 Stapler in the U.S in June 2022. This tech-savvy device offers the ease of one-handed powered movement with a superior jaw aperture of 39% and 27% larger articulation span, thereby streamlining access and management in compact spaces and demanding tissues. It empowers surgeons with superior access and control in the course of the operation, even under confined spaces and rigid tissue conditions. The ECHELON 3000 also incorporates powered firing and articulation, along with software that furnishes instant haptic and audible feedback to facilitate critical modifications.

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What regions are contributing significantly to the growth of the powered surgical handpieces market?

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.

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