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Global Powered Surgical Instruments Market

  • Published Date: 27 Oct 2018
  • Number of Pages: 219
  • Category: Healthcare and Medical
  • Country: Global
Powered Surgical Instruments (PSI) are complex surgical devices used to assist in the performance of neurological, ENT, oral, maxillofacial and orthopaedic surgeries. Product categories of powered surgical instruments include battery/electric large & small bone equipment, pneumatic large & small bone equipment and high speed equipment. Powered surgical instruments play a unique role in the operation theatre. They help not only in reducing the time taken for surgical procedures and provide functionality but also assure consistent performance in surgical procedures. PSIs are routinely used in many surgical procedures for varied applications such as drilling, cutting and sawing. Increase in R&D activities geared towards developing innovative products and technologies are expected to boost the growth of the market.

Market Dynamics

The powered surgical instruments market has been witnessing continuous growth. Factors like ageing population, increasing volume of surgical procedures and growing demand for minimally invasive surgeries is fuelling market growth. The market is primarily driven by factors such as increased global health care spending, increased accessibility to health care, rise in the prevalence of lifestyle diseases and medical tourism. Some factors limiting the growth of the market are constant pressureon healthcare providers to reduce costs, inadequate quality assurance and lack of proper equipment sterilization practices.

Market Segmentation

The global powered surgical instruments market can be segmented on the basis of product type, application and geography.

Segmentation by Product Type
--> Surgical sutures and staples
Surgical sutures
Surgical staples
--> Handheld surgical equipment
Forceps and spatulas
Auxiliary instruments
Cutter instruments
--> Electrosurgical devices
The surgical sutures and staples segment owns over 2/3rd of the market share of the overall market. This segment is driven by the huge demand for wound closure and closure of surgical incision site and is projected to maintain its market share. But the electrosurgical devices segment is projected to have the highest growth rate owing to the rising demand for these devices.

Segmentation by Application
--> Neurosurgery
--> Orthopaedic surgery
--> Laparoscopy
--> ENT surgery
--> Plastic and Reconstructive surgery
--> Cardiothoracic surgery
--> Oral and Maxillofacial surgery
--> Obstetrics and Gynaecology
--> Urology
--> Microvascular surgery
--> Cardiovascular surgery
The laparoscopy segment leads the market with a market share of over 20 % mainly due to the increasing demand for minimally invasive surgeries in this segment. The plastic and reconstructive surgery segment is projected to have the highest growth rate mainly due to rising demand for cosmetic surgeries.

Regional/ Geographic Analysis

There are several geographic drivers for this market. Asia Pacific is steadily growing to be a growth hub for this market. Factors such as rising healthcare needs, booming medical tourism industry and prevalence of chronic diseases are propelling the market growth in this region.The advent of new technologies, high disposable incomes, favourable regulations and ageing population are driving the growth in North America and Europe.

Key Players

Prominent players in the market include KLS Martin group, Alcon Laboratories Inc., Carefusion corporation, Ethicon Inc., Conmed corporation, Medtronic Inc., MicroAire, Zimmer Holdings Inc., Smith & Nephew PLC and Stryker Corporation.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe

> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe

> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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