The Global Powered Surgical Instruments Market is Powered by Acceleration by Miniaturization

 

The Global Powered Surgical Instruments Market 

Powered surgical instruments are electromechanically operated devices that enable enhanced control and precision during surgical procedures. Powered surgical instruments are commonly used for tasks such as cutting, sawing, reaming, grinding, sharpening, and debriding. They assist surgeons in performing complex procedures, especially in specialty areas such as orthopedics, neurosurgery, ENT, and dental surgery. Powered instruments enhance control, reduce procedure time, and enable minimally invasive procedures.

 

The global powered surgical instruments market is estimated to be valued at US$ 2.42 Bn in 2023 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 Dynamics:

The rising prevalence of chronic diseases is a major factor driving the growth of the powered surgical instruments market. Chronic diseases such as cardiovascular diseases, cancer, respiratory diseases, and diabetes are leading causes of mortality worldwide. Powered instruments help surgeons perform complex procedures to treat these chronic conditions efficiently. Additionally, the growing geriatric population is increasing the demand for surgical procedures. According to the United Nations, the population aged 60 years and above is expected to reach 2.1 billion by 2050 from 962 million in 2017. The aged population is more prone to chronic diseases and disability, thus propelling the need for surgical interventions globally. Furthermore, powered instruments enhance accuracy, control, and precision during surgeries. They reduce fatigue for surgeons and burnout risk. This aids in performing surgeries more efficiently. However, high costs associated with powered instruments may hamper market growth.

 

SWOT Analysis

 

Strength: Powered surgical instruments offer precision and control to surgeons during procedures. They help reduce hand tremors and allow for finer movements. The use of powered instruments can also help shorten procedure times. Electric powered tools are easy to maneuver and control.

 

Weakness: Powered surgical devices require specialized training to operate. They may not be as customizable as traditional manual tools depending on the procedure. Healthcare facilities need to invest in the purchase and maintenance of powered equipment.

 

Opportunity: As minimally invasive and robotic surgeries increase in popularity, demand for powered tools will rise. Their advantages over manual instruments will lead to greater adoption. New technologies allow for enhanced precision, control and integration with digital systems.

 

Threats: Manual surgical tools remain a cheaper alternative and are sufficient for many standard procedures. Device malfunctions or technical issues during a surgery pose safety risks. Stricter regulations may increase costs of developing new powered devices.

 

Key Takeaways

 

The Global Powered Surgical Instruments Market Share is expected to witness high growth over the forecast period of 2024 to 2031. Increased preference for minimally invasive surgeries and growing healthcare expenditures are major drivers for market expansion. The global powered surgical instruments market is estimated to be valued at US$ 2.42 Mn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2031.

 

Regional Analysis: North America currently dominates the market and is expected to maintain its leading position through 2031. High patient volume for surgical procedures and strong presence of key players in the US and Canada support market growth in the region. Asia Pacific is projected to showcase the fastest growth rate owing to rise of medical tourism, increasing healthcare investments and expansion of private hospital networks in developing countries.

 

Key Players: 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. These leading companies are focusing on product innovations through advanced technology integrations and strategic partnerships.


Get More Insights Here

https://masstamilan.tv/data-governance-ensuring-trust-and-security-in-the-digital-era/

https://www.pressreleasebulletin.com/powered-surgical-instruments-market-size-share-growth-outlook-2023/

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