The global powered surgical instruments market is expected to grow at a CAGR of 4.1% during the forecast period of 2015–2020. The market is mainly driven by the growth in aging population and rising healthcare spending globally. However, the need for highly specialized technical knowledge and skills, and the continued pressure to reduce healthcare costs are hampering the growth of the market to a certain extent.
By 2020, North America contributed the largest share to the global powered surgical instruments market followed by Europe, Asia-Pacific, and RoW. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market, which is expected to show the fastest growth during the forecast period, largely driven by the increased healthcare spending, advancing medical tourism industry, rising prevalence of chronic diseases, and increased accessibility to healthcare facilities. The accessories market is subdivided into surgical accessories, electrical accessories, and other accessories. Furthermore, on the basis of application, the market is classified into orthopedic surgery, oral and maxillofacial surgery, ENT surgery, neurosurgery, plastic and reconstructive surgery, and cardiothoracic surgery.
Browse 73 market data table & 76 figure spread through 142 page and in-depth TOC on "Powered Surgical Instruments Market" http://www.rnrmarketresearch.com/powered-surgical-instruments-market-by-power-source-electric-battery-pneumatic-product-drill-saw-stapler-reamer-battery-console-cables-blade-burr-cart-by-application-orthopedic-ent-market-report.html .
In this report, the global powered surgical instruments market is segmented by power source, product, and application. The market, by power source, is segmented into electric instruments, battery-powered, and pneumatic instruments. By product, the market covers the hand pieces; power source and control; and accessories segments. The hand pieces market is further subdivided into drills, saws, reamers, staplers, shavers, wire/pin drivers, and others. Moreover, the power source and control is divided into electrosurgical units, batteries, electric consoles, and pneumatic regulators.
In 2014, Stryker Corporation (U.S.) was the leading players, accounting for around 30% of the global powered surgical instruments market. Stryker Corporation has a diversified product portfolio that includes a wide range of powered surgical products, including large bone, small bone, and high-speed powered surgical instruments and accessories. The company has extensive experience in this market, and a strong geographical presence with business operations in several geographies across the globe, including Europe, North America, Latin America, Asia, the Middle East, and Africa.
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Over the last decade, the powered surgical instruments market witnessed considerable growth, primarily due to then rising volume of surgical procedures performed, growth in aging population, and high prevalence of chronic disorders across the globe. Innovative technological advancements in powered surgical instruments are also propelling market growth.
Major players in the powered surgical instruments market are B. Braun Melsungen AG (Germany), CONMED Corporation (U.S.), Covidien Plc (Ireland), Johnson & Johnson (U.S.), Medtronic, Inc. (U.S.), Stryker Corporation (U.S.), Smith & Nephew (U.K.) and Zimmer Holdings (U.S.), among others.
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