Powered surgical instruments have revolutionized minimally invasive surgeries by enabling precision and control during complex procedures. Devices like drill motors, saws, and forceps are now smaller with increased power-to-weight ratios. Recent advancements in miniaturization of electronics and batteries allow for truly portable powered tools sized appropriately for laparoscopic use.
The global Powered Surgical Instruments Market is estimated to be valued at US$ 2.42 Bn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Miniaturization has been a key trend in the powered surgical instruments market. Major players are focusing on developing smallest powered instruments that can be used in minimally invasive surgeries. This reduces surgical trauma, recovery time and scarring for patients. For example, manufacturers have launched battery-powered drill motors and saws as small as 3mm in diameter. Miniaturizing rotational and reciprocating instrument components while maintaining strength and precision poses engineering challenges but progress continues. Improving power-to-size ratios will further expand the applications of powered tools in complex minimally invasive procedures.
Segment Analysis
The global Powered Surgical Instruments market is segmented by product type, technology, application and end user. By product type, the drill systems segment holds the largest market share as these instruments are used extensively for orthopedic surgeries and dental procedures. The demand for drill systems is high due to increasing orthopedic and dental surgeries globally.
Key Takeaways
The Global Powered Surgical Instruments Market Share is expected to witness high growth during the forecast period of 2024 to 2031. The global Powered Surgical Instruments Market is estimated to be valued at US$ 2.42 Bn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031.
Regional analysis shows that North America dominates the market currently followed by Europe. This is because of increasing healthcare expenditure and rising prevalence of chronic diseases in these regions. The Asia Pacific region is expected to grow at the fastest rate during the forecast period owing to growing medical tourism, rising geriatric population and improving healthcare infrastructure in developing countries of the region.
Key players operating in the Powered Surgical Instruments market are Aries Chemical, Inc., Arakawa Chemical Industries, Ltd., Atlas Organics Private Limited, GO YEN Chemical Industrial Co., Ltd., Haihang Industry, Kemira Oyj, Longkou Longpai Fine Chemical Industry Co., Ltd., Oleon NV, Plasmine Technology, Inc. and SEIKO PMC Corporation.
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https://www.newsanalyticspro.com/powered-surgical-instruments-market-size-share-growth-outlook-2023/
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