Global Powered Surgical Instruments Market
Medical Equipment

Powered Surgical Instruments Market Forecast Until 2033 – Estimated Market Size And Growth Rate

The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.

The Rise in Surgical Procedures

  • Surgical procedures have seen a significant uptick, fostering the growth of the powered surgical instruments market.
  • Surgeons utilize powered instruments for tasks like sawing and drilling, enhancing efficiency and consistency.
  • Data from the Aesthetic Society illustrates a 54% increase in surgical aesthetic procedures in 2021 compared to 2020, signaling a substantial surge in surgeries.

Key Players in the Market

  • Major companies driving the powered surgical instruments market include Johnson and Johnson Inc., Medtronic PLC, Stryker Corporation, and others.
  • These companies contribute to market growth through innovation and expanding their product portfolios.

Powered Surgical Instrument Market’s Tech Innovation Trend

  • Technological advancements play a crucial role in shaping the powered surgical instruments market.
  • Companies like Sight Sciences introduce innovative products, such as the bladeless SION surgical instrument for craniotomies, to meet evolving surgical needs.
  • Innovation drives precision and efficiency, enhancing patient outcomes and surgeon experience.

Read More On The Powered Surgical Instruments Market Report 2024 –

Titan Medical Joins Forces With Arch Medical Solutions

  • In a significant move, ARCH Medical Solutions acquired Titan Medical Manufacturing LLC in July 2021.
  • This acquisition expands ARCH Medical’s manufacturing capabilities, strengthening its position in the market.
  • Titan Medical Manufacturing LLC specializes in powered surgical instruments, aligning with ARCH Medical’s strategic goals.

Market Segmentation

  • The powered surgical instruments market is segmented by product, power source, and application.
  • Product segments include handpieces, power sources, and accessories, catering to diverse surgical needs.
  • Power sources encompass electric, battery-powered, and pneumatic instruments, offering versatility in surgical settings.
  • Applications range from orthopedic and neurosurgery to plastic and reconstructive surgery, reflecting the market’s breadth.

Regional Dynamics

  • North America dominated the powered surgical instruments market in 2023, driven by technological advancements and a high volume of surgical procedures.
  • Asia-Pacific is poised to emerge as the fastest-growing region, fueled by rising healthcare expenditure and increasing adoption of advanced surgical techniques.

Future Outlook

  • The powered surgical instruments market is on a trajectory of steady growth, projected to reach $2.94 billion by 2028.
  • Factors driving this growth include the demand for precision in robotic-assisted surgery, the aging global population, and the need for cost-effective surgical solutions.
  • Major trends shaping the market’s future include the integration of AI and robotics, wireless instrument technologies, and a focus on ergonomic design for enhanced surgeon comfort and efficiency.

In conclusion, the powered surgical instruments market is witnessing robust growth, propelled by technological innovation, increasing surgical procedures, and expanding applications across various medical specialties. With advancements in AI, robotics, and wireless technologies, the future promises even greater precision, efficiency, and patient outcomes in surgical interventions.

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