Powered Surgical Instruments Market Size to Grow by USD 351.96 mn through 2020-2024
The powered surgical instruments market is expected to grow by USD 351.96 mn, accelerating at a CAGR of almost 3% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Powered Surgical Instruments Market: Segmentation by Product
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 (North America, Europe, Asia, and ROW). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Powered Surgical Instruments Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
Technavio has been monitoring the global powered surgical instruments market and it is expected to grow by USD 351.96 million accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Powered Surgical Instruments Market: Segmentation by Product
North America will offer several growth opportunities for the Powered Surgical Instruments Market owing to technological advancements and shift toward single-use powered surgical instruments and robotics. 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.
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, high maintenance of powered surgical instruments and stringent regulatory requirements may impede market growth. 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: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. adeor medical AG, B. Braun Melsungen AG and CONMED Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
