April 13, 2024
Powered Surgical Instruments Market

Powered Surgical Instruments Market is Estimated To Witness High Growth Owing To Technological Advancements

The Powered Surgical Instruments Market is estimated to be valued at US$ 2,147.6 million in 2023 and is expected to exhibit a CAGR of 3.0% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Powered surgical instruments include powered drills, saws, and other powered tools that are used during surgical procedures to cut, grind, shape, and join bones and tissues. They are implemented to obtain precision and repeatability during surgical procedures. Powered tools provide consistency and accuracy during surgery, reducing risks of human errors.

Market key trends:
Technological advancements focusing on precision, control, and efficiency have been a major trend in the powered surgical instruments market. Tools are being developed with advanced features such as electric motors, sensors, and digital controls for precise adjustments during procedures. Some tools are integrated with cameras and display screens to provide visibility and magnification without obstructing the surgical area. Sophisticated digital controls allow surgeons better regulation of speed and torque. Such developments are improving surgical outcomes while reducing risks of complications.

Global Powered Surgical Instruments Market Growth Is Estimated To Witness High Growth Owing To Increased Adoption Rate And Technological Advancements

The powered surgical instruments market is estimated to be valued at US$ 2,147.6 million in 2023 and is expected to exhibit a CAGR of 3.0% over the forecast period 2023 – 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Powered surgical instruments are medical devices used for various surgical procedures such as orthopedic,ENT, neurosurgery, arthroscopy, gynecology and others. These instruments use electric power or battery for their functioning. They provide precision and control during surgery and help reduce procedural time. Advantages of powered instruments include improved ergonomics, reduced hand fatigue for surgeons and consistency in movement. Their adoption is growing among healthcare facilities for minimally invasive procedures.

Market Dynamics:
Growing incidence of musculoskeletal conditions and neurological disorders globally is boosting the number of surgical procedures performed annually. This is fueling the demand for powered instruments for precise treatment. According to the Arthritis Foundation, by 2040, an estimated 78 million adults in the U.S. are projected to have doctor-diagnosed arthritis. Furthermore, technological advancements in powered instruments have enhanced their functionality. Manufacturers are introducing products with improved designs for better handling, improved blades for smooth tearing and sealing, and ergonomic grips to reduce physical strain on surgeons. This is increasing their adoption rate.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it