Powered Surgical Instruments Market Size, Share, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2019-2027
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Powered surgical instruments are technological instruments that are precisely designed and used during surgical procedures. These instruments increase efficiency and shorten the time required for surgery. Precision drilling, cutting, sculpting, shaving, ultrasonic cell disruption, and other practises used in orthopaedic surgery, neurosurgery, oral, plastic reconstructive, and other surgical procedures are provided by these instruments.
These instruments are typically powered by one of three sources: battery power, electric power, and pneumatic power. Powered surgical instruments are available in both reusable and single-use configurations. When compared to reusable devices, single-use powered surgical instruments reduce the risk of infection, increasing demand for these devices. This is expected to fuel the growth of the global powered surgical instruments market. Over the forecast period, the introduction of robot-assisted surgical procedures using powered surgical instruments, as well as increasing technological advancements in surgical equipment, are expected to create opportunities for the global powered surgical instruments market.
As a result of rising disease occurrence and an ageing population, the market for powered surgical instruments is rapidly expanding. Growing population health consciousness, as well as increased adoption and adaptation to minimally invasive procedures and arthroscopy, are driving market growth. Another factor driving the growth of the global Powered Surgical Instruments Market is the increase in medical tourism around the world. Additionally, increased investments and financing in the healthcare industries around the world are expected to aid in business growth.
Product recall, unfavourable reimbursement policies, and the risk of surgical site contamination with the use of reusable devices are major factors restraining the global powered surgical instruments market growth. For example, in October 2019, Ethicon (a subsidiary of Johnson & Johnson) initiated a Class I recall of its Echelon Flex Endopath staplers.
Some of the major players operating the global powered surgical instruments market include Stryker Corporation, Conmed Corporation, Zimmer Biomet Holdings, Inc., MicroAire Corporation, Medtronic Plc, KLS Martin L.P., DePuy Synthes, Smith & Nephew, Arthrex, Inc, and B. Braun Melsungen AG.
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