The North America Powered Surgical Instruments report includes the systematic investigation of current scenario of the market, which covers several market dynamics. With the report it can also be analysed that how the actions of key players are affecting the sales, import, export, revenue and CAGR values. Market analysis, market definition, currency and pricing, key developments and market categorization along with detailed research methodology are the highlighting factors of this report. This market research report considers diverse markets at a global level in accord with the client’s requirements and scoop out the best possible solutions and detailed information about the market trends in healthcare industry.
North America powered surgical instruments market is registering a steady CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed due to the surging number of minimally invasive surgeries and increasing robotic aided surgical procedures have contributed to the growth of the market.
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Powered surgical instruments are instruments which are used to assist in various kinds of surgeries. Powered surgical instruments are either pneumatic or electrical by a power source. These instruments provide greater efficiencies and hence reduce the time required for surgery. It can be used to clean, inspect and sterilize at the time of the procedure. The various development and innovations in the fields of neurology, dentistry, cardiology, orthopedics and otology have increased the demand for the powered surgical instruments.
- The rise in the elderly population is driving the market growth
- There has been a surge in the arthroscopy & minimally invasive procedures which has boosted the market growth
- The advent of technology and innovation in surgical robotics has fueled the market growth
- The increase in the surgical procedures has contributed to the market growth
- The surging incidences of lifestyle diseases have propelled the market growth
- The excise duty tax has been imposed in the U.S. which hinders the market growth
- The competition for high prices has restraint the market growth
- Lack of skilled professionals is hampering the market growth
Key Market Competitors:
Few of the major market competitors currently working in the North America powered surgical instruments market are Medtronic, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Stryker, Smith & Nephew Inc., Zimmer Biomet, CONMED Corporation, Abbott, DePuy Synthes, De Soutter Medical, Allotech Inc., adeor medical AG, Exactech Inc., MicroAire Surgical Instruments LLC., GST Corporation Limited and In’Tech Medical among others.
Key Developments in the Market:
In June 2019, Medtronic had acquired Titan Spine which will enable spinal procedures and improve outcomes through complete procedural solutions. The companies will together provide the best solutions for the surgeons. The acquisition had strengthened and brought technological advancements in spinal procedures and position the company as an innovator in the market.
In February 2019, Johnson & Johnson Services Inc. had acquired Auris Health, Inc.to combat advancements and innovations in lung cancer which will deliver a wonderful patient experience and meet the surgical needs in the market. The acquisition had enabled the entry into the robotics market as well as expansion in various other interventional applications.
Key Segmentation of North America Powered Surgical Instruments Market
By Power Source (Electric Instruments, Battery-Powered Instruments, Pneumatic Instruments),
Product (Handpieces, Power Sources and Controls, Accessories),
Application (Orthopedic Surgery, Oral and Maxillofacial Surgery, Neurosurgery, ENT Surgery, Cardiothoracic Surgery, Plastic and Reconstructive Surgery),
Country (U.S., Canada, Mexico)
Some of the Actionable Report Insights for Better Mapping of Business Strategies
Comprehensive data and brilliant forecasting techniques used in North America Powered Surgical Instruments Market report coincide with precision and correctness
This research report analysis and data lend a hand to businesses for the planning of production, product launches, costing, inventory, purchasing and marketing strategies.
This North America Powered Surgical Instruments Market Study gives better ideas and solutions in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours.
The competitive analysis is performed in this report which covers strategic profiling of key market players, their core competencies, and competitive landscape of the market which aids businesses characterize their individual strategies.
What are the challenges major manufacturers will face as well as new opportunities and threats faced by them
This North America Powered Surgical Instruments Market research report supports to secure economies in the distribution of products and find out the best way of approaching the potential.
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