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Powered Surgical Instruments Market by Product, End-user, Application, and Geography - Forecast and Analysis 2020-2024

Powered Surgical Instruments Market by Product, End-user, Application, and Geography - Forecast and Analysis 2020-2024

Published: Oct 2020 120 Pages SKU: IRTNTR45595

The powered surgical instruments market size has the potential to grow by USD 351.96 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (electric-powered surgical instruments, battery-powered surgical instruments, and pneumatic surgical instruments), end-user (hospitals and ASCs), application (orthopedic surgeries, ENT surgeries, dental surgeries, and other surgeries), and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including adeor medical AG, B. Braun Melsungen AG, CONMED Corp., Johnson & Johnson, Medtronic Plc, MicroAire Surgical Instruments LLC, Shanghai Bojin Medical Instrument Co. Ltd, Smith & Nephew Plc, Stryker Corp., and Zimmer Biomet Holdings Inc.

Market Overview

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Market Competitive Analysis

The powered surgical instruments market is fragmented. adeor medical AG, B. Braun Melsungen AG, and CONMED Corp. are some of the major market participants. Factors such as the growing demand for MI surgical techniques, the increasing volume of surgeries, and the rising adoption of battery-powered surgical instruments will offer immense growth opportunities. However, complications associated with powered surgical instruments, high maintenance of powered surgical instruments, and stringent regulatory requirements may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this powered surgical instruments market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this powered surgical instruments market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • adeor medical AG
  • B. Braun Melsungen AG
  • CONMED Corp.
  • Johnson & Johnson
  • Medtronic Plc
  • MicroAire Surgical Instruments LLC
  • Shanghai Bojin Medical Instrument Co. Ltd
  • Smith & Nephew Plc
  • Stryker Corp.
  • Zimmer Biomet Holdings Inc.

 

Powered Surgical Instruments Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. North America will offer several growth opportunities to market vendors during the forecast period. The growing technological advancements and shift toward single-use powered surgical instruments and robotics will significantly influence powered surgical instruments market growth in this region.

36% of the market’s growth will originate from North America during the forecast period. The US is a key market for powered surgical instruments in North America. This report provides an accurate prediction of the contribution of all segments to the growth of the powered surgical instruments market size.

Powered Surgical Instruments Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive powered surgical instruments market growth during the next five years
  • Precise estimation of the powered surgical instruments market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the powered surgical instruments industry across Asia, Europe, North America, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of powered surgical instruments market vendors

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Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Powered Surgical Instruments market growth will increase by 351.96 million during 2019-2024.

The Powered Surgical Instruments market is expected to grow at a CAGR of 2.84% during 2019-2024.

Powered Surgical Instruments market is segmented by Product( Electric-powered surgical instruments, Battery-powered surgical instruments, Pneumatic surgical instruments) End user( Hospitals, ASCs) Application( Orthopedic surgeries, ENT surgeries, Dental surgeries, Other surgeries)

adeor medical AG, B. Braun Melsungen AG, CONMED Corp., Johnson & Johnson, Medtronic Plc, MicroAire Surgical Instruments LLC, Shanghai Bojin Medical Instrument Co. Ltd, Smith & Nephew Plc, Stryker Corp., Zimmer Biomet Holdings Inc. are a few of the key vendors in the Powered Surgical Instruments market.

North America will register the highest growth rate of 35.67% among the other regions. Therefore, the Powered Surgical Instruments market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, UK, Germany, France, China, Japan

  • Growing demand for MI surgical techniques is the driving factor this market.

The Powered Surgical Instruments market vendors should focus on grabbing business opportunities from the Electric-powered surgical instruments segment as it accounted for the largest market share in the base year.