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Powered Surgical Instruments Market Size
The global powered surgical instruments market size was valued at around USD 2.6 billion in 2023 and is estimated to grow at a 4% CAGR from 2024 to 2032. Powered surgical instruments are electrically or pneumatically operated medical tools designed to assist in surgical procedures. These instruments use compressed air or electricity to cut, drill, or remove bone and cartilage, as well as evacuate fluids with enhanced precision, efficiency, and control.
The global increase in surgical procedures is a primary driver of market growth. The World Health Organization (WHO) estimates that 234 million major surgical procedures are performed worldwide annually. Factors contributing to this increase include aging populations and improved healthcare access, particularly for minimally invasive procedures. This trend suggests a sustained demand for advanced surgical instruments in the future. Powered surgical instruments play a crucial role in these operations due to their precision and efficiency.
They enable faster and more accurate surgeries, benefiting both surgeons and patients by reducing recovery times and complication risks. The U.S. Department of Health & Human Services reports that surgical site infections occur in 2-4% of all patients undergoing inpatient surgical procedures, underscoring the importance of precise and efficient surgical tools in reducing such complications.
The integration of robotics and computer-assisted systems in surgical tools has expanded their capabilities, allowing for greater precision and control, particularly in complex procedures. This technological advancement has led to an increased emphasis on improving surgical outcomes and patient safety, driving the adoption of powered surgical instruments.
Hospitals and surgical centers are investing in advanced tools that offer higher accuracy and consistency, aiming to reduce the potential for human error. These instruments are designed for easy sterilization and maintenance, ensuring high hygiene standards and minimizing infection risks.
Who are some of the prominent players in the powered surgical instruments industry?
Key players in the market include Arthrex, B. Braun Melsungen, Becton, Dickinson and Company, CONMED Corporation, DePuy Synthes, Integra LifeSciences Holdings Corporation, Johnson & Johnson, KLS Martin Group, Medtronic, and MicroAire Surgical Instruments.
How much is the North America powered surgical instruments industry worth?
North America powered surgical instruments market was valued at USD 1.2 billion in 2023 and is expected to grow at a CAGR of 4.1% over the forecast period, supported by the high prevalence of chronic diseases.
What is the projected value of the handpieces segment by 2032?
The handpieces segment is projected to reach USD 2.3 billion by 2032, fueled by the demand for precise and efficient surgical instruments.
How big is the powered surgical instruments market?
The global powered surgical instruments industry was valued at approximately USD 2.6 billion in 2023 and is estimated to grow at a 4% CAGR from 2024 to 2032, driven by the increasing prevalence of minimally invasive surgical procedures.