Powered Surgical Instruments Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What fueled the previous growth in the powered surgical instruments market?
In the past years, the market size for powered surgical instruments has shown a consistent growth. It is projected to increase from $2.36 billion in 2024 to $2.47 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.5%. The historical growth is due to the advancement of minimally invasive surgery (mis), the expansion of chronic diseases, the escalation in electrosurgery and orthopedic procedures, and regulatory backing.
What will be the powered surgical instruments market size in the future?
In the coming years, the market for powered surgical instruments is predicted to witness significant expansion. With a compound annual growth rate (CAGR) of 6.0%, it is projected to reach $3.11 billion by 2029. Factors such as the growth of robotic-assisted surgery, the need for precision and control, the aging global population, neurology and spinal procedures, as well as cost efficiency and effectiveness, contribute to the growth during the forecast period. The market trends expected to emerge within the forecast duration include the incorporation of artificial intelligence and robotics, battery-operated and wireless instruments, specialized instrumentation kits, emphasis on ergonomics, and improved visualization tools.
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What main drivers are fueling expansion in the powered surgical instruments market?
The powered surgical instruments market is predicted to expand due to the escalating number of surgical procedures. Surgery, a medical specialty and division of medicine dealing with disease, injury, or condition treatment via operative procedures, often uses powered surgical instruments. These instruments simplify tasks like sawing and drilling, promoting efficiency and uniformity. As per data from the American Society of Plastic Surgeons (ASPS), a US-based plastic surgery specialty organization, in June 2024, liposuction was the top plastic surgery in 2023 with nearly 350,000 procedures, marking a 7% increase from 2022. Hand surgeries also rose by 2%, totaling 207,887, and maxillofacial surgeries numbered 52,868, a 1% uptick from the previous year. Hence, the surge in surgical procedures is fuelling the growth of the powered surgical instrument market.
What key areas define the segmentation of the global powered surgical instruments market?
The powered surgical instruments market covered in this report 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
Subsegments:
1) By Handpiece: Electric Handpieces, Pneumatic Handpieces, Battery-Powered Handpieces
2) By Power Source And Control: Electric Power Units, Pneumatic Power Sources, Control Systems
3) By Accessories: Attachments and Tips, Battery Packs, Maintenance And Cleaning Tools
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Who are the dominant players expanding their reach in the powered surgical instruments market?
Major companies operating in the powered surgical instruments market include 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, Ceterix Orthopaedics Inc.
How are evolving market trends shaping powered surgical instruments Strategies?
Advancements in technology are emerging as a significant trend in the powered surgical instrument market. Established firms in this industry are launching groundbreaking products powered by advanced technology to maintain their market position. For instance, Sight Sciences, an American medical device manufacturer, unveiled the SION surgical instrument for craniotomies in August 2022. This innovative product employs bladeless technology and is a hand-operated device expertly designed and precision-made to extract diseased tissue without the need for incisions.
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Which regions are emerging as leaders in the powered surgical instruments market?
North America was the largest region in the powered surgical instruments market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the powered surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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