Global Powered Surgical Instrument Market Research Report Information By Power Source (Electric Instruments, Battery-powered Instruments and Pneumatic Instruments), By Product (Handpieces (Drills, Saws, Reamers, Staplers, Shavers, Wire/Pin Drivers, Others), Power Source and Controls (Batteries, Electric Consoles, Pneumatic Regulators) and Accessories (Surgical Accessories, Electrical Accessories, Others Accessories)), By Application (Orthopedic Surgery, Oral and Maxillofacial Surgery, ENT Surgery, Neurosurgery, Plastic and Reconstructive Su

Global Powered Surgical Instrument Market Overview

Global Powered Surgical Instrument Market Size was valued at USD 2.3 Billion in 2023. The Powered Surgical Instrument market industry is projected to grow from USD 2.4 Billion in 2024 to USD 3.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024 - 2032). Increased number of surgical procedures worldwide, including orthopedic, cardiovascular, neurology, and plastic surgeries, is one of the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Powered Surgical Instrument Market Trends

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  Growing surgical procedures are driving the market growth

  
  

Market CAGR for powered surgical instrument is being driven by the growing surgical procedures. In an era marked by the relentless march of medical progress and the relentless evolution of surgical methodologies, the clamor for powered instruments reverberates ever louder. From the intricacies of orthopedic marvels to the delicate dance within cardiovascular realms, an ever-expanding repertoire of procedures now leans heavily upon the might of powered tools, their whirring symphonies orchestrating feats of precision and efficiency that were once the stuff of dreams. But what catalyzes this insatiable hunger for mechanized mastery, one might ponder. Look no further than the shifting sands of demographics, where the specter of age and the burden of chronic maladies cast long shadows upon the landscape of healthcare. The inexorable march of time, coupled with the pervasive embrace of afflictions that defy the passage of years, conspire to elevate the necessity of surgical interventions to unparalleled heights, a crescendo of demand that reverberates through the annals of medical history. Ah, but there is more to this tale than mere population pyramids and the inexorable tide of time. Behold the rise of the minimally invasive, a revolution in its own right, promising swifter convalescence and mitigation of the specter of complications that haunt the corridors of the surgical theater.

Yet, amidst this maelstrom of demographic imperatives and technological marvels, there exists a silent arbiter, an unseen hand that guides the fortunes of the market with an iron grip: the inexorable rise in healthcare expenditure and the benevolent nod of regulatory bodies. With each dollar spent and each stroke of the regulatory pen, the realm of powered surgical instruments finds itself emboldened, its dominion expanding ever outward to encompass the globe in its embrace. They, too, are the architects of destiny, the harbingers of demand whose needs and desires shape the contours of the market with a wisdom born of experience. For it is they who bear the burden of age and infirmity, whose ailments and afflictions serve as the crucible within which the demand for powered instruments is forged.

The rise in healthcare expenditure globally is a key driver for the powered surgical instrument market. As healthcare budgets expand, there is greater investment in advanced medical technologies, including powered surgical instruments. Healthcare providers are increasingly willing to allocate funds to acquire state-of-the-art equipment that enhances surgical precision, efficiency, and patient outcomes. Moreover, the demand for quality healthcare services is growing, particularly in developing economies where healthcare infrastructure is improving. This increased spending allows hospitals and healthcare facilities to procure advanced surgical tools, driving market growth. Additionally, government initiatives and insurance coverage often support the adoption of innovative medical devices, further stimulating the market. As healthcare expenditure continues to increase, fueled by factors such as population growth, rising disease burden, and technological advancements, the demand for powered surgical instruments is expected to rise correspondingly, propelling market expansion. Thus, driving the Powered Surgical Instrument market revenue.

For instance, Panther Healthcare introduced the Smart Powered Stapler platform, featuring advanced capabilities for intelligent and automatic control during various surgical procedures, including gastrointestinal (including bariatric), thoracic, colorectal, oncology, gynecologic, and others, both in open and laparoscopic settings. This innovative device has been made available in regions spanning Europe, the Middle East, Africa, Asia, and Latin America.

Powered Surgical Instrument Market Segment Insights

Powered Surgical Instrument Power Source Insights

The global Powered Surgical Instrument market segmentation, based on Power Source, includes Electric Instruments, Battery-powered Instruments and Pneumatic Instruments. In 2023, the Electric Instruments segment dominated the market, accounting for 35% of market revenue. They offer consistent power delivery, precision, and versatility across a wide range of surgical procedures. Electric instruments also provide greater control and customization options, making them preferred by surgeons for intricate operations. Additionally, advancements in battery technology have improved the portability and reliability of electric instruments, further driving their adoption. Overall, these factors contribute to electric instruments capturing the largest market share in the powered surgical instrument market.

Battery-powered instruments are experiencing the highest Compound Annual Growth Rate (CAGR) in the powered surgical instrument market due to several reasons. They offer increased mobility and flexibility during surgeries, allowing for greater maneuverability and accessibility in various healthcare settings, including remote or emergency situations. Additionally, advancements in battery technology have led to longer battery life and quicker recharge times, enhancing their usability. Moreover, the trend towards minimally invasive procedures favors the adoption of battery-powered instruments, driving their growth in the market.

Figure 1: Global Powered Surgical Instrument Market, by Power Source, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Powered Surgical Instrument Product Insights

The global Powered Surgical Instrument market segmentation, based on Product, includes Handpieces (Drills, Saws, Reamers, Staplers, Shavers, Wire/Pin Drivers, and Others), Power Source and Controls (Batteries, Electric Consoles, Pneumatic Regulators) and Accessories (Surgical Accessories, Electrical Accessories, Others Accessories). In 2023, the Handpieces category generated the most income due to their widespread use across various surgical specialties. They provide surgeons with direct control and maneuverability during procedures, enhancing surgical precision and efficiency. Additionally, handpieces offer versatility, allowing for the attachment of different surgical tools depending on the specific procedure requirements. Furthermore, advancements in handpiece design have improved ergonomics and ease of use, making them favored by surgeons. These factors collectively contribute to handpieces capturing the largest market share in the powered surgical instrument market.

The Power Source and Controls product segment is experiencing the highest Compound Annual Growth Rate (CAGR) in the powered surgical instrument market due to several factors. There's a growing demand for advanced control systems that offer enhanced precision, safety, and automation in surgical procedures. Additionally, technological innovations, such as the integration of artificial intelligence and robotics, are driving the development of more sophisticated power sources and control mechanisms. These advancements cater to the evolving needs of surgeons and contribute to the segment's rapid growth in the market.

Powered Surgical Instrument Application Insights

The global Powered Surgical Instrument market segmentation, based on Application, includes Orthopedic Surgery, Oral and Maxillofacial Surgery, ENT Surgery, Neurosurgery, Plastic and Reconstructive Surgery and Cardiothoracic Surgery. In 2023, the Orthopedic Surgery category generated the most income. The increasing prevalence of orthopedic conditions, such as fractures, osteoarthritis, and sports injuries, necessitates surgical interventions, boosting the demand for powered instruments. Additionally, advancements in orthopedic surgical techniques, including minimally invasive procedures and joint replacement surgeries, rely heavily on powered instruments for precision and efficiency. Moreover, the aging population contributes to the growing demand for orthopedic surgeries, further driving the dominance of this application segment in the market.

Oral and maxillofacial surgery application is experiencing the highest Compound Annual Growth Rate (CAGR) in the powered surgical instrument market due to several factors. There's an increasing demand for oral and maxillofacial surgical procedures driven by factors such as dental diseases, facial trauma, and aesthetic surgeries. Additionally, advancements in surgical techniques, including dental implant procedures and corrective jaw surgeries, rely heavily on powered instruments for precision and efficacy. These factors contribute to the rapid growth of this application segment in the market.

Powered Surgical Instrument Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America dominates the powered surgical instrument market due to several factors. The region has a well-established healthcare infrastructure, coupled with high healthcare expenditure, driving the adoption of advanced surgical technologies. Moreover, the presence of key market players and continuous technological advancements contribute to market growth. Additionally, a large patient population, coupled with the increasing prevalence of chronic diseases requiring surgical interventions, fuels the demand for powered instruments. These factors collectively contribute to North America's largest market share in the powered surgical instrument market.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Global Powered Surgical Instrument Market Share By Region 2023 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Powered Surgical Instrument market accounts for the second-largest market share due to a high level of healthcare expenditure. Europe holds the second-largest market share in the powered surgical instrument market due to various factors. The region boasts a well-developed healthcare infrastructure and a high level of healthcare expenditure, facilitating the adoption of advanced surgical technologies. Additionally, favorable government regulations and the presence of prominent market players contribute to market growth. Furthermore, increasing awareness about minimally invasive surgical procedures and the rising geriatric population driving surgical demand further bolster the market in Europe. Further, the German Powered Surgical Instrument market held the largest market share, and the UK Powered Surgical Instrument market was the fastest growing market in the European region.

The Asia-Pacific Powered Surgical Instrument Market is expected to grow at the fastest CAGR from 2024 to 2032. The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the powered surgical instrument market due to several factors. Rapid urbanization, improving healthcare infrastructure, and increasing healthcare expenditure drive market growth in this region. Moreover, the rising prevalence of chronic diseases, coupled with the growing geriatric population, fuels the demand for surgical procedures. Additionally, government initiatives to enhance healthcare access and the presence of untapped markets contribute to the accelerated growth of the powered surgical instrument market in Asia Pacific. Moreover, China’s Powered Surgical Instrument market held the largest market share, and the Indian Powered Surgical Instrument market was the fastest growing market in the Asia-Pacific region.

Powered Surgical Instrument Key Market Players & Competitive Insights

Leading players in the powered surgical instrument market, focusing on strategic initiatives such as mergers and acquisitions, product launches, and collaborations to strengthen their market presence. They are investing in research and market developments to innovate and introduce advanced surgical instruments with enhanced features. Moreover, companies are expanding their geographical presence through partnerships and distribution agreements to tap into emerging markets. Overall, these efforts aim to maintain competitive advantage and meet the evolving demands of healthcare professionals and patients.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Powered Surgical Instrument industry to benefit clients and increase the market sector. In recent years, the Powered Surgical Instrument industry has offered some of the most significant advantages to Electric Instruments. Major players in the Powered Surgical Instrument market, including Medtronic plc, Stryker Corporation, Johnson & Johnson, B. Braun Melsungen AG, CONMED Corporation, Smith & Nephew plc, Zimmer Biomet Holdings, Inc., MicroAire Surgical Instruments, LLC, DePuy Synthes, Becton, Dickinson and Company and Others, are attempting to increase market demand by investing in research and development operations.

Medtronic plc is a global leader in the powered surgical instrument market and is renowned for its innovative medical technologies and solutions. With a diverse portfolio of powered surgical instruments, Medtronic caters to various surgical specialties, including orthopedics, neurology, cardiovascular, and minimally invasive procedures. The company's products are known for their reliability, precision, and advanced features, enhancing surgical outcomes and patient care. Medtronic's extensive research and development efforts drive continuous innovation, resulting in cutting-edge surgical instruments that meet the evolving needs of healthcare professionals worldwide. Additionally, the company's strong distribution network and strategic partnerships ensure broad market reach and customer satisfaction. Overall, Medtronic's commitment to excellence and innovation solidifies its position as a key player in the powered surgical instrument market.

Stryker Corporation is a leading player in the powered surgical instrument market, known for its comprehensive range of innovative medical devices and solutions. With a focus on enhancing surgical precision and patient outcomes, Stryker offers a diverse portfolio of powered surgical instruments across various specialties, including orthopedics, neurology, spine, and minimally invasive surgery. The company's products are renowned for their advanced features, ergonomic design, and reliability, empowering surgeons to perform complex procedures with confidence and efficiency. Stryker's commitment to research and development drives continuous innovation, ensuring that its surgical instruments remain at the forefront of medical technology. Moreover, the company's global presence, strong distribution network, and strategic acquisitions further strengthen its position as a leader in the powered surgical instrument market.

Key companies in the Powered Surgical Instrument market include

• Medtronic plc


• Stryker Corporation


• Johnson & Johnson


• Braun Melsungen AG


• CONMED Corporation


• Smith & Nephew plc


• Zimmer Biomet Holdings, Inc.


• MicroAire Surgical Instruments, LLC


• DePuy Synthes


• Becton, Dickinson and Company

Powered Surgical Instrument Industry Developments

September 2022: Teleflex Incorporated successfully finalized the acquisition of Standard Bariatrics, Inc., as previously disclosed. Standard Bariatrics, Inc. has introduced a pioneering powered stapling technology tailored for bariatric surgery.

June 2022: Ethicon, a division of Johnson & Johnson MedTech, introduced the ECHELON 3000 Stapler, a digitally integrated device designed to offer surgeons effortless, one-handed powered articulation tailored to meet the specific requirements of their patients. 

Powered Surgical Instrument Market Segmentation

Powered Surgical Instrument Power Source Outlook

• Electric Instruments


• Battery-powered Instruments


• Pneumatic Instruments

Powered Surgical Instrument Product Outlook

• Handpieces




• Drills


• Saws


• Reamers


• Staplers


• Shavers


• Wire/Pin Drivers


• Others




• Power Source and Controls




• Batteries


• Electric Consoles


• Pneumatic Regulators




• Accessories




• Surgical Accessories


• Electrical Accessories


• Others Accessories

Powered Surgical Instrument Application Outlook

• Orthopedic Surgery


• Oral and Maxillofacial Surgery


• ENT Surgery


• Neurosurgery


• Plastic and Reconstructive Surgery


• Cardiothoracic Surgery

Powered Surgical Instrument Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America