What Factors Propelled The Growth Of The Powered Surgical Instruments Market In The Past?
The powered surgical instruments market has seen considerable growth due to a variety of factors.
•In the past years, the market size of powered surgical instruments has been consistently increasing. The forecast is for it to rise from $2.36 billion in 2024 to $2.47 billion in 2025, experiencing a compound annual growth rate (CAGR) of 4.5%.
The historic period's growth is due to several factors including the progression of minimally invasive surgery (mis), a surge in chronic diseases, the emergence of electrosurgery and orthopedic procedures, and regulatory support.
What Is The Projected Growth And Market Size For The Powered Surgical Instruments Sector?
The powered surgical instruments market is expected to maintain its strong growth trajectory in upcoming years.
• The market for powered surgical instruments is predicted to experience significant expansion in the upcoming years, and is expected to reach $3.11 billion by 2029 with a compound annual growth rate (CAGR) of 6.0%.
Factors contributing to this projected growth within the forecast period include the rise of robotic-assisted procedures, an increased need for precision and control during surgeries, the global aging population, developments in neurology and spinal procedures, and improved cost efficiency and effectiveness. Key trends anticipated for the forecast period encompass the integration of artificial intelligence (AI) and robotics, advancements in wireless and battery-powered tools, specialized instrument sets, a strengthened focus on ergonomics, and superior visualization tools.
What Are The Core Factors Supporting Growth In The Powered Surgical Instruments Market?
The upward trend in surgical procedures is likely to fuel the growth of the powered surgical instruments market. Surgery, a medical specialty and division of medicine, deals with the treatment of diseases, injuries, or conditions through operative procedures. Powered surgical instruments are employed in these surgeries to simplify tasks such as sawing and drilling, enhancing efficiency and uniformity. For example, data from the American Society of Plastic Surgeons (ASPS), a US-based plastic surgery specialty organization, revealed in June 2024 that liposuction was the most popular plastic surgery in 2023. Approximately 350,000 procedures were conducted, marking a 7% increase from 2022. Moreover, hand surgeries amounted to 207,887, marking a 2% increase, and maxillofacial surgeries hit 52,868, a 1% increase as compared to the prior year. Consequently, the surging number of surgical procedures is driving the growth of the powered surgical instrument market.
What Are The Major Segments Within 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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Which Trends Are Expected To Transform The Powered Surgical Instruments Market?
The emergence of technological innovations is a core trend that is seeing increased adoption in the powered surgical instrument market. To maintain their market standing, key companies in the powered surgical instrument market are rolling out products with sophisticated technology. For instance, in August 2022, Sight Sciences, a medical device production company located in the US, introduced the SION surgical instrument for craniotomies. The novel product leverages bladeless technology, and involves a hand-operated device engineered on a micro-scale and precision-manufactured to excise diseased tissue without resorting to cutting.
Who Are the Key Players 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.
What Is The Most Dominant Region 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
