What is Powered Surgical Instruments Market?
Powered surgical instruments are devices used to assist in the performance of orthopedic and neurological surgeries. These instruments include pneumatic large bone equipment, battery/electric large bone equipment, pneumatic small bone equipment, electric small bone equipment and high-speed equipment. They are specially designed tools or devices that assist in the performance of numerous surgeries, such as orthopedic surgery, ENT surgery, neurosurgery, and oral and maxillofacial surgery, among others.
The market study is being classified by Type (Handpieces, Power Source & Controls and Accessories), by Application (Orthopedic Surgery, Neurosurgery, ENT Surgery, Cardiovascular Surgery, Cardiothoracic Surgery, Plastic Surgery and Others) and major geographies with country level break-up.
Stryker Corporation (United States), Johnson & Johnson (United States), B. Braun (Germany), Medtronic (Ireland), CONMED (United States), Smith & Nephew (United Kingdom), Zimmer Biomet (United States), De Soutter Medical Ltd (United States), Pro-Dex, Inc. (United States) and Medline Industries, Inc. (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Powered Surgical Instruments market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Powered Surgical Instruments market by Type, Application and Region.
On the basis of geography, the market of Powered Surgical Instruments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increased Number of Surgical Procedures
- Increasing Demand for Non-invasive as well as Minimally Invasive Surgeries
- Robust Increase in the Distribution Channels
- Advancements in the Medical Science
- Insufficient Quality Assurance of Instruments
- Fluctuations in the Medical Science
- Growing Geriatric Population Worldwide
- Rising Prevalence of Chronic Diseases
- Constant Pressure on Healthcare Providers
Market Leaders and some development strategies
In December 2019, Johnson & Johnson has announced an agreement to acquire the remaining stake in Verb Surgical Inc. following a successful strategic collaboration with Verily, an Alphabet company.
In October 2018, Kalamazoo-based Stryker Corp. acquired a North Carolina-based surgical tools developer, bolstering its neurotechnology business. The medical tech company is taking over HyperBranch Medical Technology Inc. in an all-cash transaction
Key Target AudiencePowered Surgical Instruments, Raw Material Suppliers, Distributors, Research Professionals and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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