Powered Surgical Instruments Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast to 2026
The global powered surgical instruments market size is expected to reach USD 2.8 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.8%. Increasing number of surgical procedures, coupled with technological advancements, is anticipated to drive the market. Moreover, increasing awareness and affordability of plastic or reconstructive surgeries and surgeries for sports injuries is likely propel growth over the forecast period. Increase in factors such as demand for minimally invasive surgeries & robot-aided procedures as well as improving accessibility to healthcare is contributing to growth. In addition, increasing geriatric population and rising awareness about availability of surgical procedures are likely to boost the market. Increase in number of road accidents and rising healthcare expenditure in emerging economies are other factors likely to boost revenue generation in the market. According to the U.S. Census Bureau, the global healthcare expenditure is expected to reach USD 18.28 trillion by 2040, growing at a CAGR of 2.6%. According to WHO, the global population aged 60 years and above is expected to reach 2 billion by 2050, from 900 million in 2015. This demographic is more susceptible to a vast number of diseases, increasing the need for effective treatments, thereby boosting the market.
Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/poweredsurgical-instruments-market Powered Surgical Instruments Market Report Highlights
North America accounted for the largest share of over 42.0%, owing to high prevalence of chronic disorders, favorable reimbursement policies, presence of key players, and government initiatives.
Asian countries are estimated to show the highest growth rate of 5% over the forecast period, due to an increasing adoption of advanced technologies, increasing investments, improving reimbursement scenario, and increasing medical tourism.
Handpiece powered surgical instruments is expected to dominate over the forecast period. It accounted for more than more than 40.0% of share in 2018.
Based on application, orthopedic, followed by cardiovascular surgery, were leading segments in the market, owing to high use of powered instruments, rising geriatric population, and growing incidence of osteoporosis and heart conditions.
Key players in powered surgical instruments market are opting for strategies, such as partnerships & acquisitions, introduction of new products, and investments in new technologies, to expand their product portfolio and to strengthen global footprint. For instance, in November 2018, Stryker Corporation announced acquisition of K2M Group Holdings, Inc., thereby expanding its product portfolio.
Powered Surgical Instruments Market Segmentation Grand View Research has segmented the powered surgical instruments market on the basis of product, application, and region: Powered Surgical Instruments Product Outlook (Revenue, USD Million, 2015 - 2026) Handpieces
o
Drill system
o
Reamer system
o
Saw system
o
Stapler
o
Shaver
o
Others
Power Source and control o
Electric instruments
o
Battery power instruments
o
Pneumatic instruments
Accessories o
Surgical accessories
o
Electrical accessories
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Powered Surgical Instruments Application outlook (Revenue, USD Million, 2015 - 2026) Orthopedic surgery
Neurosurgery
ENT surgery
Cardiovascular surgery
Plastic surgery
Others
Powered Surgical InstrumentsRegional Outlook (Revenue, USD Million, 2015 - 2026) North America
o
U.S.
o
Canada
Europe o
U.K.
o
Germany
o
France
o
Italy
o
Spain
Asia Pacific o
Japan
o
China
o
Australia
o
India
Latin America o
Brazil
o
Mexico
o
Argentina
o
Colombia
Middle East & Africa o
South Africa
o
Saudi Arabia
o
UAE
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Information Procurement 1.2.1 Purchased Database 1.2.2 Gvr’s Internal Database 1.2.3 Secondary Sources 1.2.4 Primary Research 1.2.5 Details Of Primary Research 1.2.5.1 Data for primary interviews in North America 1.2.5.3 Data for Primary Interviews in Europe 1.2.5.4 Data for Primary Interviews in APAC 1.2.5.6 Data for Primary Interviews in Latin America 1.2.5.8 Data for Primary Interviews in MEA 1.3 Information or Data Analysis 1.3.1 Data Analysis Models 1.4 Market Formulation & Validation Chapter 2 Executive Summary 2.1 Market Summary Chapter 3 Market Variables, Trends, & Scope 3.1 Market lineage outlook 3.1.1 Parent market outlook 3.1.2 Related/ancillary market outlook 3.2 Penetration & Growth Prospect Mapping
3.3 User Perspective Analysis 3.3.1 Consumer behavior analysis Continue……….. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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