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Global Powered Surgical Instruments Market - Segmented by Type of, Product and Application - Growth, Trends and Forecasts (2018 - 2023)

Global Powered Surgical Instruments Market - Segmented by Type of, Product and Application - Growth, Trends and Forecasts (2018 - 2023)

The global powered surgical instrument market has been estimated to reach USD 1.83 billion in 2017.The market is expected to register a CAGR of 3.6% during the forecast period 2018 to 2023. North America dominates the market due to the presence of healthcare established facilities in that region.

Increasing Number of Surgical Procedures

Power surgical instruments have received attention in the recent years, with NASA’s Jet Propulsion Laboratory (JPL) in Pasadena, California, introducing the next generation of high-tech surgical instruments to remove tumors and treat other brain abnormalities. According to estimates published by Ethicon Endo in 2013, nearly 850 surgical procedures took place, out of which nearly 800 were minimally invasive procedures. Increasing volumes of surgical procedures coupled with technological advancements, such as the introduction of robot assisted surgical procedures, is expected to drive the growth of the powered surgical instrument market. Aforementioned medical conditions lead to the increasing number of surgical procedures to be performed. With advancement in medical tourism is expected to positively reinforce the powered surgical instruments market over the next six years.

In addition, increase in geriatric population worldwide, and growing prevalence of the lifestyle disease are also fuelling powered surgical instruments market.

Lack of Sterilization Procedure

According to Centers for Disease Control and Prevention (CDC) in the United States 5 million gastrointestinal endoscopies are performed per year. Each of these procedures involves the contact by a surgical device with a patient’s sterile tissue or mucous membrane. A major risk of all such procedures is entry of pathogenic microbes in the patient’s body which can lead to infection. So, the lack of sterilization procedure is acting as a restraint for Powered Surgical Instruments Market.

Lack of reimbursement, along with the high cost of the same and inadequacy of skilled professionals are restraining the growth of the market.

North America to Dominate the Market

The Powered Surgical Instruments market is segmented by power source, product type, application type, and geography. By geography it is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa and South America.

North America dominates the power surgical instruments market due to the presence of well-established healthcare facilities and the rise in geriatric population in the country. Asia-Pacific is also expected to propel the powered surgical instruments market owing to factors, such as increasing accessibility to healthcare facilities in the region, rising medical tourism, and increasing prevalence of chronic diseases with requirement for surgical procedures.

Key Developments in the market

  • October 2017, Aesthetx is a medical and cosmetics firm which is using power tools from Rhinoplasty which ensures minimum soft tissues damage. This procedure is called as Piezo technique in which Piezo is an equipment which cuts the bone and recognizes soft tissues.
Key Players: JOHNSON & JOHNSON, B. BRAUN MELSUNGEN AG, STRYKER CO., MEDTRONIC INCORPORATED, SMITH & NEPHEW, CONMED CO., DESOUTTER MEDICAL LTD, and ZIMMER HOLDINGS.

REASONS TO PURCHASE THIS REPORT
  • Current and future Powered Surgical Instrument Market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The treatment type that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet in excel.
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1. INTRODUCTION
1.1 MARKET DEFINITION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. KEY INFERENCES
5. MARKET OVERVIEW
5.1 CURRENT MARKET SCENARIO
5.2 PORTERS FIVE FORCES
5.2.1 BARGAINING POWER OF SUPPLIERS
5.2.2 BARGAINING POWER OF CONSUMERS
5.2.3 THREATS OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTE PRODUCT AND SERVICES
5.2.5 COMPETITIVE RIVALRY WITHIN THE INDUSTRY
6. DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES ANALYSIS (DROC)
6.1 MARKET DRIVERS
6.1.1 INCREASING NUMBER OF SURGICAL PROCEDURES
6.1.2 INCREASE IN GERIATRIC POPULATION
6.1.3 TECHNOLOGICAL INNOVATIONS
6.1.4 GROWING PREVALENCE OF LIFESTYLE DISEASES
6.2 MARKET RESTRAINTS
6.2.1 LACK OF STERILIZATION PROCEDURE
6.2.2 REIMBURSEMENT CHALLENGES
6.2.3 INADEQUACY OF SKILLED PROFESSIONALS
6.3 OPPORTUNITIES
6.4 KEY CHALLENGES
7. MARKET SEGMENTATION
7.1 SEGMENTATION BY TYPE OF POWER SOURCE
7.1.1 ELECTRIC INSTRUMENTS
7.1.2 BATTERY POWERED INSTRUMENTS
7.1.3 PNEUMATIC INSTRUMENTS
7.2 SEGMENTATION BY TYPE OF PRODUCT
7.2.1 HANDPIECE
7.2.1.1 DRILL SYSTEM
7.2.1.2 SAW SYSTEMS
7.2.1.3 REAMER SYSTEMS
7.2.1.4 STAPLERS
7.2.1.5 SHAVERS
7.2.1.6 OTHERS
7.2.2 POWER SOURCES AND CONTROLS
7.2.2.1 BATTERIES
7.2.2.2 ELECTRIC CONSOLES
7.2.2.3 PNEUMATIC REGULATORS
7.2.3 ACCESSORIES
7.2.3.1 SURGICAL ACCESSORIES
7.2.3.2 ELECTRICAL ACCESSORIES
7.2.3.3 OTHER ACCESSORIES
7.3 SEGMENTATION BY TYPE OF APPLICATION
7.3.1 ORTHOPEDIC SURGERY
7.3.2 ORAL AND MAXILLOFACIAL SURGERY
7.3.3 NEURO SURGERY
7.3.4 ENT SURGERY
7.3.5 PLASTIC AND RECONSTRUCTIVE SURGERY
7.3.6 CARDIOTHORACIC SURGERY
7.4 SEGEMENTATION BY GEOGRAPHY
7.4.1 NORTH AMERICA
7.4.1.1 UNITED STATES
7.4.1.2 CANADA
7.4.1.3 MEXICO
7.4.2 EUROPE
7.4.2.1 FRANCE
7.4.2.2 GERMANY
7.4.2.3 UNITED KINGDOM
7.4.2.4 ITALY
7.4.2.5 SPAIN
7.4.2.6 REST OF EUROPE
7.4.3 ASIA-PACIFIC
7.4.3.1 CHINA
7.4.3.2 JAPAN
7.4.3.3 INDIA
7.4.3.4 AUSTRALIA & NEW ZEALAND
7.4.3.5 SOUTH KOREA
7.4.3.6 REST OF ASIA-PACIFIC
7.4.4 MIDDLE EAST AND AFRICA
7.4.4.1 GCC
7.4.4.2 SOUTH AFRICA
7.4.4.3 REST OF MIDDLE EAST AND AFRICA
7.4.5 SOUTH AMERICA
7.4.5.1 BRAZIL
7.4.5.2 ARGENTINA
7.4.5.3 REST OF SOUTH AMERICA
8. COMPETITIVE LANDSCAPE
8.1 MERGERS AND ACQUISITION ANALYSIS
8.2 AGREEMENTS, COLLABORATIONS & PARTNERSHIPS
8.3 NEW PRODUCTS LAUNCHES
9. COMPANY PROFILES
9.1 JOHNSON & JOHNSON
9.2 B. BRAUN MELSUNGEN AG
9.3 STRYKER CO.
9.4 MEDTRONIC INCORPORATED
9.5 SMITH & NEPHEW
9.6 JOHNSON AND JOHNSON
9.7 ZIMMER HOLDINGS
9.8 CONMED CO
9.9 DESOUTTER MEDICAL LTD.
9.10 OTHERS
10. FUTURE OUTLOOK OF THE MARKET

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