The Business Research Company’s Powered Surgical Instruments Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Powered Surgical Instruments Global Market Report 2023 evaluates powered surgical instruments market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global powered surgical instruments market is expected to grow from $2.16 billion in 2022 to $2.9 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The powered surgical instruments market is expected to reach $2.78 billion in 2027 at a CAGR of 5%.
The rise in the number of surgical procedures is expected to propel the growth of the powered surgical instruments market going forward. Surgery refers to a medical specialty and branch of medicine that involves the treatment of diseases, injuries, or conditions through operative procedures. These surgeries use powered surgical instruments to simplify functions such as sawing and drilling to improve efficiency and consistency. For instance, in April 2022, according to the Aesthetic Society, a US-based industry organization of plastic surgeons, surgical aesthetic procedures increased by 54% in 2021 as compared to 2020. On average, a surgeon performed 320 procedures in 2021, up from 220 procedures in 2020. Therefore, the increasing number of surgical procedures is driving the powered surgical instrument market.
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The powered surgical instruments market segments in the report are:
1) By Product: Handpiece, Power Source And Control, Accessories
2) By Power Source: Electric Instruments, Battery-Powered Instruments, Pneumatic Instruments
3) By Application: Orthopedic Surgery, Oral And Maxillofacial Surgery, Neurosurgery, ENT (Ear Nose Throat) Surgery, Plastic And Reconstructive Surgery, Cardiothoracic Surgery, Other Applications
The table of contents in TBRC’s powered surgical instruments market report includes:
- Executive Summary
- Powered Surgical Instruments Market Characteristics
- Powered Surgical Instruments Market Trends And Strategies
- Powered Surgical Instruments Market – Macro Economic Scenario
- Powered Surgical Instruments Market Segmentation.
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- Global Powered Surgical Instruments Market Competitive Benchmarking
- Global Powered Surgical Instruments Market Competitive Dashboard
- Key Mergers And Acquisitions In The Powered Surgical Instruments Market
- Powered Surgical Instruments Market Future Outlook and Potential Analysis
- Appendix
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