Powered Surgical Instruments Market Size Worth Usd 3.98 Billion In 2032 | Emergen Research

(MENAFN- globenewswire - nasdaq) vancouver, aug. 23, 2023 (globe newswire) -- the powered surgical instruments market has experienced substantial expansion in recent times, propelled by technological progress and a rising need for surgical procedures with minimal invasiveness. these tools are meticulously crafted to deliver accuracy and command throughout surgical interventions, thereby elevating the overall quality of surgical results. powered surgical instruments find extensive application across diverse surgical disciplines such as orthopedics, neurology, cardiology, and various others.

the powered surgical instruments market's primary impetus arises from the escalating elderly populace and the increasing prevalence of chronic ailments. with the geriatric demographic on the rise, there's a parallel surge in surgical procedures, leading to a greater uptake of powered surgical instruments. furthermore, the escalating incidence of chronic ailments like cardiovascular issues and neurological disorders mandates the use of sophisticated surgical tools to ensure effective treatment.

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another key stimulant for the powered surgical instruments market is the escalating preference for minimally invasive surgeries. these procedures confer multiple advantages over traditional open surgeries, encompassing smaller incisions, diminished blood loss, swifter recuperation, and briefer hospital stays. powered surgical instruments play a pivotal role in enabling minimally invasive surgeries by affording surgeons augmented precision and command. consequently, this has sparked a surge in demand for powered surgical instruments across diverse surgical specializations.

nonetheless, a significant challenge lies in the elevated cost linked with these instruments. owing to their technological sophistication, powered surgical instruments often bear a substantial price tag, rendering them less affordable for healthcare establishments, especially in developing regions. this financial aspect could impede the extensive adoption of these instruments, particularly in resource-constrained settings.

furthermore, concerns surrounding the safety and effectiveness of powered surgical instruments have been raised. instances of adverse events linked to their utilization, such as thermal injuries, mechanical malfunctions, and infections, have emerged. these safety apprehensions have prompted regulatory bodies to enforce rigorous guidelines governing the production and utilization of powered surgical instruments. adhering to these regulations adds to the overall intricacy and cost of the market.

in accordance with a report issued by the centers for disease control and prevention (cdc), surgical site infections (ssis) pose a substantial challenge in surgical procedures. approximately 2-5% of all surgical interventions are estimated to be accompanied by ssis, which result in escalated healthcare expenses and patient morbidity. the integration of advanced infection control attributes into powered surgical instruments can potentially curtail the risk of ssis.

moreover, the world health organization (who) underscores the growing global burden of musculoskeletal disorders. these ailments frequently necessitate surgical remedies, with powered surgical instruments assuming a pivotal role in orthopedic interventions. as per the who's data, musculoskeletal conditions impact over 1.7 billion individuals worldwide, thus emerging as a noteworthy impetus for the powered surgical instruments market.

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scope of research

report details	outcome
market size in 2022	usd 2.65 billion
cagr (2023–2032)	4.2%
revenue forecast to 2032	usd 3.98 billion
base year for estimation	2022
historical data	2019–2021
forecast period	2023–2032
quantitative units	revenue in usd billion and cagr in % from 2023 to 2032
report coverage	revenue forecast, company ranking, competitive landscape, growth factors, and trends
segments covered	product, application, and region
regional scope	north america, europe, asia pacific, latin america, and middle east & africa
country scope	u.s., canada, mexico, germany, france, uk, italy, spain, benelux, rest of europe, china, india, japan, south korea, rest of apac, brazil, rest of latam, saudi arabia, uae, south africa, turkey, and rest of middle east & africa
key companies profiled	stryker corporation, b. braun melsungen ag, zimmer biomet holdings, inc., smith & nephew plc, conmed corporation, microaire surgical instruments llc, kls martin group, bd, and depuy synthes
customization scope	10 hours of free customization and expert consultation

major companies and competitive landscape

the global powered surgical instruments market is fragmented, with large and medium-sized players accounting for the majority of market revenue. major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products. some of the major companies included in the global powered surgical instruments market report are:

• stryker corporation
• b. braun melsungen ag
• zimmer biomet holdings, inc.
• smith & nephew plc
• conmed corporation
• microaire surgical instruments llc
• kls martin group
• bd
• depuy synthes (a subsidiary of johnson & johnson)
• olympus corporation
• richard wolf gmbh

strategic development

on 7 march, 2023, zimmer biomet holdings, inc., announced its plans to present the most recent upgrades to zbedge dynamic intelligence at the american academy of orthopedic surgeons (aaos) 2023 annual meeting in las vegas. zbedge dynamic intelligence connects and gathers unbiased data during the full episode of care by integrating zimmer biomet's implant, robotic, and digital technologies.

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some key highlights from the report

• the electric instruments segment accounted for largest revenue share in 2022 due to its versatility. electric instruments can be used for a variety of surgical procedures, including cutting, drilling, sawing, and shaping bones, as well as for soft tissue dissection and coagulation. this versatility makes them highly desirable for orthopedic, neurology, and cardiovascular surgeries, among others. moreover, electric instruments provide surgeons with enhanced precision and control. another factor contributing to the dominance of the electric instruments segment is its ergonomic design. these instruments are lightweight, compact, and ergonomically shaped, reducing the strain on surgeons' hands and improving their comfort during long surgical procedures.
• the powered instruments segment accounted for a significantly large revenue share in 2022 due to wide range of applications. powered instruments are used in various surgical specialties, including orthopedics, neurology, cardiology, and others. they offer precise control, high speed, and consistent power output, making them essential tools for surgeons in performing complex procedures. moreover, powered instruments provide surgeons with enhanced efficiency and productivity. these instruments are designed to reduce the physical effort required by surgeons, enabling them to perform procedures with greater ease and speed. another factor contributing to the dominance of the powered instruments segment is the continuous advancements in technology.
• the orthopedic surgery segment accounted for largest revenue share in 2022 due to the increasing prevalence of orthopedic conditions and the growing demand for orthopedic surgical procedures. musculoskeletal disorders, such as osteoarthritis, fractures, and degenerative disc diseases, are becoming increasingly common, particularly among the aging population. these conditions often require surgical intervention, leading to a higher demand for powered surgical instruments in orthopedic surgeries. moreover, the advancements in orthopedic surgical techniques have also contributed to the dominance of the orthopedic surgery segment. another factor driving the growth of the orthopedic surgery segment is the increasing geriatric population and technological advancements.

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segments covered in report

for the purpose of this report, emergen research has segmented the global powered surgical instruments market on the basis of product, end-use, and region:

• product outlook (revenue, usd billion; 2019-2032)
  • electric instruments
  • battery-powered instruments
  • others
• application outlook (revenue, usd billion; 2019-2032)
  • orthopedic surgery
  • oral and maxillofacial surgery
  • others
• regional outlook (revenue, usd billion; 2019–2032)
  • north america
  • u.s.
  • canada
  • mexico
  • europe
  • germany
  • france
  • uk
  • italy
  • spain
  • benelux
  • rest of europe
  • asia pacific
  • china
  • india
  • japan
  • south korea
  • rest of apac
  • latin america
  • brazil
  • rest of latam
  • middle east & africa
  • saudi arabia
  • uae
  • south africa
  • turkey
  • rest of middle east & africa

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