Global Powered Surgical Instruments Market – Overview
A powered surgical instrument is a highly accurately designed instrument or device whose use is for a specific procedure at the time of the surgery. The source of power for these powered surgical instruments are electrical or pneumatic. When the electrical sources are electrical, it includes line current and batteries. Whereas in case of pneumatic power source, compressed air, nitrogen, or carbon dioxide is used.
The global powered surgical instruments market is expected to achieve a highly promising growth in the next few years of the assessment period ranging from 2019 to 2027. Innovation is expected to be key for pushing the market to newer levels and generate more lucrative business opportunities.
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Global Powered Surgical Instruments Market – Key Trends
There are multiple factors that are influencing the overall development of the global powered surgical instruments market. One of the key driving factor for the development of the global powered surgical instruments market is the increasing medical tourism across the globe. In addition to this, increasing investments and funding in the healthcare sectors across the world are also expected help in the development of the market growth.
There are other factors that are also helping to drive the development of the global market. Another key trend that has been observed in the market is of increasing demand for these powered surgical instruments because of the rising prevalence of lifestyle disorders such as diabetes and obesity among others.
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Global Powered Surgical Instruments Market – Geographical Analysis
The geographical segmentation of the global powered surgical instruments market features five key regions namely Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. Currently, the global powered surgical instruments market is dominated by the regional segment of North America. There are several factors for the development of the North America market. One of the key driving factor for the market growth is the early access to the latest technologies launching in the global healthcare sector. Furthermore, the presence of highly advanced healthcare infrastructure in the region is also working in favor of the market growth in the region.
Europe is expected to follow the regional segment of North America in terms of growth. Growing activities of research and development and increasing presence of leading companies in the region is expected to help the development of the Europe market in the coming years of the forecast period ranging from 2019 to 2027.
Asia Pacific on the other hand is expected to show promising growth in the near future. Increasing demand from the emerging economies is expected to help in driving the growth of the powered surgical instruments market in Asia Pacific region.
Global Powered Surgical Instruments Market - Competitive Analysis
The global market for surgical instruments features a highly fragmented competitive landscape. The fragmentation of the vendor landscape is because of the presence of several key players. These leading companies in the global market are trying to develop innovative and new products that will set them apart from the competition. Moreover, these companies in the global market are also investing heavily in the activities of research and development so as to stay ahead of their competition. In addition to this, these companies are opting for aggressive strategies such as mergers, acquisitions, takeovers, joint ventures, and strategic alliances so as to maintain their top position in the global powered surgical instruments market. Some of the prominent brands in the global powered surgical instruments market include names such as Ethicon Inc., Smith & Nephew PLC., KLS Martin Group, Carefusion Corporation, MicroAire, Alcon Laboratories, Medtronic Inc., Stryker Corporation, Conmed Corporation, and Zimmer Holdings Inc. among others.
Market segmentation based on geography:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.