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Powered Surgical Instrument Market Size (2024 - 2029)

The Powered Surgical Instrument Market is projected to experience growth due to several key factors, including the increasing demand for surgical interventions driven by the high burden of diseases such as cancer, which necessitate surgical treatments. Technological advancements and the introduction of new products by market players further contribute to the expansion of the market. Additionally, the rising popularity of aesthetic surgeries and the high volume of cardiac procedures are significant drivers of market growth. Despite these positive trends, challenges such as a shortage of skilled professionals and regulatory hurdles may hinder the market's expansion.

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Market Size of Powered Surgical Instrument Industry

Powered Surgical Instrument Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 2.19 Billion
Market Size (2029) USD 2.60 Billion
CAGR (2024 - 2029) 4.06 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Powered Surgical Instrument Market Major Players

*Disclaimer: Major Players sorted in no particular order

Powered Surgical Instrument Market Analysis

The Powered Surgical Instrument Market size is estimated at USD 2.19 billion in 2024, and is expected to reach USD 2.60 billion by 2029, growing at a CAGR of 4.06% during the forecast period (2024-2029).

  • The high burden of disease, which creates the need for surgery for treatment and management, technological advancement, and market players' launches of new products are key propelling factors driving the market's growth.
  • The high burden of various diseases, such as cancer, creates the need for surgical intervention for treatment and management purposes, which, in turn, boosts the demand for powered surgical instruments and drives the growth of the market.
  • For instance, the Globocan Observatory, updated in 2024, reported that cancer cases worldwide were 19.97 million in 2022 and are expected to reach 30.90 million by 2045. Such increasing incidence creates the need for different surgical procedures to remove tumors from the body, propelling the market's growth.
  • Also, increasing beauty consciousness fuels the demand for aesthetic surgeries and drives the market's growth. For instance, the International Society of Aesthetic Plastic Surgery, published in June 2024, revealed that 15.81 million aesthetic surgical procedures were performed worldwide in 2023 compared to 14.98 million in 2022. This surge in reconstructive surgeries is driving the market's growth.
  • Also, the high volume of cardiac surgery drives the growth of the market. For instance, the German Heart Surgery Report 2022, released in 2023, reported that 93.91 thousand heart surgeries were performed in 2022 in Germany. Such a high volume of cardiac surgery creates the need for powered surgical instruments and thus drives the growth of the market.
  • Thus, owing to the above-mentioned factors, increasing surgical volume, a high burden of disease, and the launch of new products have pushed for market growth. However, the lack of skilled professionals and regulatory challenges may impede market growth.

Powered Surgical Instrument Industry Segmentation

Powered surgical instruments (PSIs) play a unique role in the operating suite. They reduce the time required for surgical procedures and provide functionality and consistent performance. PSIs are complex surgical devices, and the processes used to clean, inspect, and sterilize them are also complex.

The powered surgical instrument market is segmented by type of power source, product type, application, and geography. The market is segmented by the type of power source, which is electric, battery-powered, and pneumatic. By product type, the market is segmented into instruments and accessories. The application market is segmented into orthopedic, dental, neurosurgery, cardiothoracic surgery, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report offers the value (in USD) for the above segments.

By Power Source
Electric Instruments
Battery-powered Instruments
Pneumatic Instruments
By Product Type
Instruments
Handpiece
Drill System
Saw Systems
Reamer Systems
Staplers
Shavers
Other Instruments (ENT Debriders, Surgical Screwdrivers, and Other Instruments)
Accessories
By Application
Orthopedic
Dental
Neurosurgery
Cardiothoracic Surgery
Other Applications (Reconstructive and Plastic Surgeries, ENT Surgeries, and Other Applications)
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Powered Surgical Instrument Market Size Summary

The powered surgical instrument market is experiencing growth driven by several key factors, including the increasing burden of diseases such as cancer, which necessitates surgical interventions, and advancements in technology. The demand for these instruments is further bolstered by the rising popularity of aesthetic surgeries and the high volume of cardiac procedures. Despite challenges like a shortage of skilled professionals and regulatory hurdles, the market is poised for expansion. The orthopedic surgery segment, in particular, is expected to see significant growth due to the rising prevalence of bone and joint conditions, musculoskeletal injuries, and the introduction of innovative products by industry players.

North America is anticipated to lead the market, supported by its strong medical device industry, extensive healthcare infrastructure, and the presence of major players in the powered surgical instruments sector. The region's high volume of surgical procedures and ongoing product innovations contribute to its market dominance. Companies are actively engaging in strategic initiatives, such as product development and partnerships, to enhance their offerings and maintain competitive pricing, especially in developing markets. Key industry players include Johnson & Johnson, B. Braun Melsungen, Stryker Co., Medtronic Incorporated, and others, who are continuously expanding their product portfolios to meet the growing demand.

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Powered Surgical Instrument Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Number of Surgical Procedures and Technological Innovations

      2. 1.2.2 Increasing Geriatric Population and Rising Disease Burden

    3. 1.3 Market Restraints

      1. 1.3.1 Reimbursement Challenges and Inadequate Skilled Professionals

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value in USD)

    1. 2.1 By Power Source

      1. 2.1.1 Electric Instruments

      2. 2.1.2 Battery-powered Instruments

      3. 2.1.3 Pneumatic Instruments

    2. 2.2 By Product Type

      1. 2.2.1 Instruments

        1. 2.2.1.1 Handpiece

        2. 2.2.1.2 Drill System

        3. 2.2.1.3 Saw Systems

        4. 2.2.1.4 Reamer Systems

        5. 2.2.1.5 Staplers

        6. 2.2.1.6 Shavers

        7. 2.2.1.7 Other Instruments (ENT Debriders, Surgical Screwdrivers, and Other Instruments)

      2. 2.2.2 Accessories

    3. 2.3 By Application

      1. 2.3.1 Orthopedic

      2. 2.3.2 Dental

      3. 2.3.3 Neurosurgery

      4. 2.3.4 Cardiothoracic Surgery

      5. 2.3.5 Other Applications (Reconstructive and Plastic Surgeries, ENT Surgeries, and Other Applications)

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

      2. 2.4.2 Europe

        1. 2.4.2.1 Germany

        2. 2.4.2.2 United Kingdom

        3. 2.4.2.3 France

        4. 2.4.2.4 Italy

        5. 2.4.2.5 Spain

        6. 2.4.2.6 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 Japan

        3. 2.4.3.3 India

        4. 2.4.3.4 Australia

        5. 2.4.3.5 South Korea

        6. 2.4.3.6 Rest of Asia-Pacific

      4. 2.4.4 Middle East and Africa

        1. 2.4.4.1 GCC

        2. 2.4.4.2 South Africa

        3. 2.4.4.3 Rest of Middle East and Africa

      5. 2.4.5 South America

        1. 2.4.5.1 Brazil

        2. 2.4.5.2 Argentina

        3. 2.4.5.3 Rest of South America

Powered Surgical Instrument Market Size FAQs

The Powered Surgical Instrument Market size is expected to reach USD 2.19 billion in 2024 and grow at a CAGR of 4.06% to reach USD 2.60 billion by 2029.

In 2024, the Powered Surgical Instrument Market size is expected to reach USD 2.19 billion.

Powered Surgical Instrument Market Report Snapshots

Powered Surgical Instrument Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)