Powered Surgical Instruments Market Figures is now released by Data Bridge Market Research. Powered Surgical Instruments Market report presents a complete assessment of covering future trend, Latest Trend, current growth factors, facts, and industry validated market data forecast till 2026. The report provides an in-depth analysis of the latest trends, business scenario, size and share of Major Competitors such as RIMEC S.R.L., MicroAire Surgical Instruments LLC., GEISTER MEDIZINTECHNIK GmbH and Wuhu Ruijin Medical Instrument & Device Co, ltd. among others.
Global powered surgical instruments market is registering a steady CAGR of 4.15% 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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Market Drivers and Restraints:
- The geriatric population is surging which has driven the market growth
- The Arthroscopy & Minimally Invasive Procedures adoption has increased which has boosted the market growth
- Various innovation in technology are being made like surgical robotics which has fueled the market growth
- The surgical procedures numbers have risen across the globe which has contributed to the market growth
- The rising prevalence 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 challenges like reimbursement is hampering the market growth
- The competition for high prices has restraint the market growth
- There are very few skilled professionals which hinders the market growth
Few of the major market competitors currently working in the global 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., Apothecaries Sundries Mfg. Co., others
- By Power Source (Electric Instruments, Battery-Powered Instruments, Pneumatic Instruments),
- By Product (Handpieces, Power Sources and Controls, Accessories),
- By Application (Orthopedic Surgery, Oral and Maxillofacial Surgery, Neurosurgery, Ent Surgery, Cardiothoracic Surgery, Plastic and Reconstructive Surgery)
- Based on the geography (North America, South America, Asia and Pacific region, Middle east and Africa, Europe)
Powered surgical instruments market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of powered surgical instruments market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report.
Potential Held by the Report:
- Recent industry trends and developments
- Market Penetration: Comprehensive information on the product portfolios of the top players in the trocars market
- To gain insightful analyses of the market and have a comprehensive understanding of the “Powered Surgical Instruments Market” and its commercial landscape
- To understand the future outlook and prospects for market analysis and forecast 2018-2025.
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the trocars market
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