Powered Surgical Instruments Market analysis report puts across the idea of high-level analysis of major market segments and identification of opportunities. This information not only aids businesses in taking sound and proficient decisions but also helps decide the advertising, promotion, marketing and sales strategy more gainfully. Additionally, estimation of strategic options, suggestions of winning action plans, and support to make critical bottom-line decisions is also provided by experienced and innovative industry experts. It supports in adjusting the production depending on the conditions of demand in the market which evades the wastage of goods. The market data analyzed in this Powered Surgical Instruments Market report makes achieve the business goal and objective in the predetermined time frame.
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A comprehensive Powered Surgical Instruments Market report is of great importance for a better understanding of the market which leads to high business growth. This market report has a chapter on the global market and all its associated companies with their profiles, which gives valuable data related to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. This market research report provides important and meaningful market insights for the business by taking into consideration various factors. Thoroughly analyzed market segmentation aspect provides a clear idea about the product consumption based on several factors ranging from type, application, deployment model, end-user to geographical region.
Major players in the powered surgical instruments market are
B. Braun Melsungen AG (Germany),
CONMED Corporation (U.S.),
Covidien Plc (Ireland),
Johnson & Johnson (U.S.),
Medtronic, Inc. (U.S.),
Stryker Corporation (U.S.),
Smith & Nephew (U.K.),
and Zimmer Holdings (U.S.), among others.
Over the last decade, the powered surgical instruments market witnessed considerable growth, primarily due to then rising volume of surgical procedures performed, growth in aging population, and high prevalence of chronic disorders across the globe. Innovative technological advancements in powered surgical instruments are also propelling market growth.
In this report, the global powered surgical instruments market is segmented by power source, product, and application. The market, by power source, is segmented into electric instruments, battery-powered, and pneumatic instruments. By product, the market covers the hand pieces; power source and control; and accessories segments. The hand pieces market is further subdivided into drills, saws, reamers, staplers, shavers, wire/pin drivers, and others. Moreover, the power source and control is divided into electrosurgical units, batteries, electric consoles, and pneumatic regulators.
The accessories market is subdivided into surgical accessories, electrical accessories, and other accessories. Furthermore, on the basis of application, the market is classified into orthopedic surgery, oral and maxillofacial surgery, ENT surgery, neurosurgery, plastic and reconstructive surgery, and cardiothoracic surgery.
The global powered surgical instruments market is expected to grow at a CAGR of 4.1% during the forecast period of 2015–2020. The market is mainly driven by the growth in aging population and rising healthcare spending globally. However, the need for highly specialized technical knowledge and skills, and the continued pressure to reduce healthcare costs are hampering the growth of the market to a certain extent.
The electric-powered surgical instruments segment accounts for the major share of the powered surgical instruments market. However, the battery-powered surgical instruments segment is expected to show the fastest growth. The segment is growing primarily due to rapid technological evolution and improvements in batteries, such as longer lifecycles, increased energy per volume, improved reliability, and increasingly greater energy density. These instruments provide greater flexibility to users as they are cordless and allow for greater control to surgeons to adjust the speed and torque of powered saws, drills, and reamers.
By 2020, North America contributed the largest share to the global powered surgical instruments market, followed by Europe, Asia-Pacific, and RoW. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market, which is expected to show the fastest growth during the forecast period, largely driven by the increased healthcare spending, advancing medical tourism industry, rising prevalence of chronic diseases, and increased accessibility to healthcare facilities.
In 2014, Stryker Corporation (U.S.) was the leading players, accounting for around 30% of the global powered surgical instruments market. Stryker Corporation has a diversified product portfolio that includes a wide range of powered surgical products, including large bone, small bone, and high-speed powered surgical instruments and accessories. The company has extensive experience in this market, and a strong geographical presence with business operations in several geographies across the globe, including Europe, North America, Latin America, Asia, the Middle East, and Africa.
Reasons to Buy the Report
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater market share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies (Market Penetration, Product Development/Innovation, Market Development, Market Diversification, and Competitive Assessment) for reaping greater market share.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the powered surgical instruments market. The report analyzes the powered surgical instruments market by power source, products, and application across all regions.
- Product Development/Innovation: Detailed insights on upcoming trends, research and development activities, and new product launches in the powered surgical instruments market.
- Market Development: Comprehensive information on the lucrative emerging markets by technique, application, indication and geography.
- Market Diversification: Exhaustive information of new products, growing regions, recent developments, and investments in the powered surgical instruments market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, distribution networks, manufacturing capabilities, and SWOT analysis of leading players in the powered surgical instruments market.
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Table of Contents
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Data
220.127.116.11 Key Data From Secondary Sources
2.1.2 Primary Data
18.104.22.168 Key Data From Primary Sources
22.214.171.124 Key Industry Insights
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.5 Research Assumptions
2.5.1 Assumptions for the Study
3 Executive Summary
4 Premium Insights
4.1 Market Overview
4.2 Asia-Pacific: Market, By Power Source
4.3 Geographic Snapshot of the Market
4.4 North America to Dominate the Market During the Forecast Period
4.5 Market: Developing vs Developed Countries
5 Market Overview
5.2 Market Segmentation
5.2.1 Market, By Product
5.3 Market, By Power Source
5.4 Market, By Application
5.5 Key Market Dynamics
126.96.36.199 Rapid Growth in Aging Population
188.8.131.52 Growing Adoption and Acceptance of Arthroscopy & Minimally Invasive Procedures
184.108.40.206 Technological Innovations Such as Surgical Robotics
220.127.116.11 Imposition of the Medical Device Excise Tax in the U.S.
18.104.22.168 Reimbursement Challenges
22.214.171.124 Medical Tourism Providing Growth Opportunities in Developing Economies
126.96.36.199 Expansion and Market Penetration Opportunities in Emerging Economies
188.8.131.52 Inadequate Quality Assurance Standards in Developing Economies
184.108.40.206 Lack of Trained Professionals
6 Industry Insights
6.2 Value Chain Analysis
6.3 Industry Trends
6.3.1 Increasing Trend Towards Adoption of Battery-Powered Surgical Instruments
6.3.2 Rising Adoption of Powered Surgical Instruments in Orthopedic and Spine Surgeries
6.4 Porter’s Five Forces Analysis
6.4.1 Threat of New Entrants
6.4.2 Threat of Substitutes
6.4.3 Bargaining Power of Suppliers
6.4.4 Bargaining Power of Buyers
6.4.5 Intensity of Competitive Rivalry
7 Global Powered Surgical Instruments Market, By Power Source
7.2 Electric Instruments
7.3 Battery-Powered Instruments
7.4 Pneumatic Instruments
8 Global Powered Surgical Instruments Market, By Product
8.2.1 Drill Systems
8.2.2 Saw Systems
8.2.3 Reamer Systems
8.3 Power Sources and Controls
8.3.2 Electric Consoles
8.3.3 Pneumatic Regulators
8.4.1 Surgical Accessories
8.4.2 Electrical Accessories
8.4.3 Other Accessories
9 Powered Surgical Instruments Market, By Application
9.2 Orthopedic Surgery
9.3 Oral and Maxillofacial Surgery
9.5 Ent Surgery
9.6 Cardiothoracic Surgery
9.7 Plastic and Reconstructive Surgery
10 Powered Surgical Instruments Market, By Region
10.2 North America
10.3.6 Rest of Europe
10.4.4 Rest of Asia-Pacific
10.5 Rest of the World (RoW)
10.5.1 Latin America
10.5.2 Middle East and Africa
11 Competitive Landscape
11.2 Market Share Analysis
11.3 Competitive Situation and Trends
11.3.1 New Product Launches
11.3.2 Mergers and Acquisitions
11.3.4 Agreements and Collaborations
12 Company Profiles
12.1.1 Geographic Revenue Mix of Top Five Players
12.2 B. Braun Melsungen Ag
12.2.1 Business Overview
12.2.2 Products Offered
12.2.3 Recent Developments
12.2.4 MnM View
12.3 Medtronic, Inc.
12.3.1 Business Overview
12.3.2 Products Offered
12.3.3 Recent Developments
12.3.4 MnM View
12.4 Johnson and Johnson
12.4.1 Business Overview
12.4.2 Products Offered
12.4.3 Recent Developments
12.4.4 MnM View
12.5 Stryker Corporation
12.5.1 Business Overview
12.5.2 Products Offered
12.5.3 Recent Developments
12.5.4 MnM View
12.6 Conmed Corporation
12.6.1 Business Overview
12.6.2 Products Offered
12.6.3 Recent Developments
12.6.4 MnM View
12.7 Smith and Nephew PLC
12.7.1 Business Overview
12.7.2 Products Offered
12.7.3 Recent Developments
12.8 Microaire Surgical Instruments, Inc.
12.8.1 Business Overview
12.8.2 Products Offered
12.8.3 Recent Developments
12.9 Peter Brasseler Holdings, LLC.
12.9.1 Business Overview
12.9.2 Products Offered
12.9.3 Recent Developments
12.10 Zimmer Holdings
12.10.1 Business Overview
12.10.2 Products Offered
12.10.3 Recent Developments
12.11 Desoutter Medical Ltd.
12.11.1 Business Overview
12.11.2 Products Offered
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Other Developments
13.4 Available Customizations
13.5 Related Reports
13.6 Introducing RT: Real-Time Market Intelligence
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