Powered Surgical Instruments Market

The global powered surgical instruments market is foreseen to grow at 4.2%, from USD 2.6 Billion in 2021 to USD 3.6 Billion in 2029. Growing adoption and acceptance of arthroscopy & minimally invasive procedures, and technological innovations such as surgical robotics.

The Pandemic has had ramifications for ways of working, of various surgical procedures including orthopedic surgeries. There are strict guidelines specific to each specialty that has to be implemented and followed, for orthopedic surgeons to be able to continue to provide safe and effective care to their patients during the COVID-19 pandemic. The volume of orthopedic surgeries has significantly declined during the pandemic, owing to the stringent guidelines by the regulatory authorities to avoid all non-emergent surgeries. According to the study published in the British Journal of Surgery, in May 2020 title "Elective surgery cancellations due to the COVID-19 pandemic: global predictive modeling to inform surgical recovery plans" based on a 12-week period of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries worldwide will be canceled or postponed in 2020. ​ More than 580,000 planned surgeries in India were canceled or delayed as a result of the COVID-19 pandemic, thus the Covid-19 have moderately impacted the market growth.

 Market Segmentation

For the purpose of this report, the global powered surgical instruments market is segmented on the basis of product source, product type, application, end user and region:

By Power Source
Battery-Powered Instruments
Electric Instruments
Pneumatic Instruments
By Product Type
Handpieces	Drill Systems
	Reamer Systems
	Saw Systems
Power Sources and Controls	Batteries
	Electric Consoles
	Pneumatic Regulators
Accessories	Electrical Accessories
	Surgical Accessories
	Other Accessories
By Application
Cardiothoracic Surgery
Ent Surgery
Neurosurgery
Oral and Maxillofacial Surgery
Orthopedic Surgery
Plastic and Reconstructive Surgery

 

Product Source Outlook:

On the basis of power source, the market is segmented into battery-powered instruments, electric instruments, pneumatic instruments.

Figure 1 - Powered Surgical Instruments Market, By Product Source (Market Size And Forecast By Value - USD Million, 2021 & 2029)

Product Type Outlook:

On the basis of product, the market is segmented into handpieces, power sources and controls, accessories. Further, handpieces is segmented into drill systems, reamer systems, saw systems. Further, power sources and controls is segmented into batteries, electric consoles, pneumatic regulators. Further, accessories is segmented into electrical accessories, surgical accessories, other accessories.

Figure 2 - Product Type Outlook (Revenue, USD Million, 2021)