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A recent report published by Infinium Global Research on powered surgical instruments market provides an in-depth analysis of segments and sub-segments in global as well as regional powered surgical instruments market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional powered surgical instruments market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global powered surgical instruments market. According to the report the global powered surgical instruments market is projected to grow at a CAGR of 2.6% over the forecast period of 2018-2024.
Powered surgical instruments (PSIs) are a special type of instruments that are powered by an external power source to operate it. PSIs are powered by one of three basic sources of power such as Battery, Electrical, and Air Power. Powered surgical instruments play a unique role in the surgical process. They reduce the time of surgical procedures, provide precision in the surgical process and provide functionality and consistent performance in surgical procedures.
Factors such as due to innovative technological advancements, increasing application in the emulsifying, fragmenting, and aspirating soft tissues in multiple procedures such as sports surgery and reconstructive surgeries. Powered surgical instruments are mostly used in ophthalmic, orthopedic, and cardiac surgical procedures. The increasing prevalence of chronic diseases such as cancer, orthopedic conditions, cardiovascular diseases, and neurological diseases also necessitates the use of power surgical instruments.
Geographically, North America is dominating the global market, followed by Europe, due to the growing aging population in both regions, favorable regulatory guidelines, high disposable income among people, etc. However, Asia-Pacific region represents the fastest-growing market for powered surgical instruments equipment and accessories, primarily due to the increasing medical tourism, the rising prevalence of chronic diseases that require surgical procedures, and increased accessibility to healthcare facilities in the region, governments initiative to provide best possible health care facilities to its people.
The report on global powered surgical instruments market covers segments such as power source, product, and application. On the basis of power source the global powered surgical instruments market is categorized into electric instruments, battery-powered instruments, and pneumatic instruments. On the basis of product, the global powered surgical instruments market is categorized into headpieces, power sources and controls, and accessories. On the basis of application the global powered surgical instruments market is categorized into orthopedic surgery, oral and maxillofacial surgery, neurosurgery, Ent surgery, cardiothoracic surgery and plastic, and reconstructive surgery.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global powered surgical instruments market such as B.Braun Melsungen AG, Medtronic, Inc. Johnson and Johnson, Stryker Corporation, Conmed Corporation, Smith and Nephew PLC, Microaire Surgical Instruments, Inc., Peter Brasseler Holdings, LLC, Zimmer Holdings and Desoutter Medical Ltd.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global powered surgical instruments market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of powered surgical instruments market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the powered surgical instruments market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the powered surgical instruments market to understand the present and future trends in this market and formulate their strategies accordingly.
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