Powered Surgical Instruments Market 2020-2024 | Global Industry Growth Factors, CAGR Status, Leading Key Players Update, Business Share

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the powered surgical instruments market and it is poised to grow by USD 351.96 million during 2020-2024, progressing at a CAGR of almost 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 positions in the slow-growing segments.

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Growing demand for MI surgical techniques has been instrumental in driving the growth of the market. However, risks/complications associated with powered surgical instruments might hamper market growth.

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Powered Surgical Instruments Market 2020-2024: Segmentation

Powered Surgical Instruments Market is segmented as below:

• Product
  • Electric-powered Surgical Instruments
  • Battery-powered Surgical Instruments
  • Pneumatic Surgical Instruments
• End-user
  • Hospitals
  • ASCs
• Application
  • Orthopedic Surgeries
  • ENT Surgeries
  • Dental Surgeries
  • Other Surgeries
• Geography
  • North America
  • Europe
  • Asia
  • ROW

Powered Surgical Instruments Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The powered surgical instruments market report covers the following areas:

• Powered Surgical Instruments Market Size
• Powered Surgical Instruments Market Trends
• Powered Surgical Instruments Market Industry Analysis

This study identifies growing technological advancements fuel the market growth as one of the prime reasons driving the Powered Surgical Instruments Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Powered Surgical Instruments Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist powered surgical instruments market growth during the next five years
• Estimation of the powered surgical instruments market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the powered surgical instruments market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of powered surgical instruments market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Electric-powered surgical instruments - Market size and forecast 2019-2024
• Battery-powered surgical instruments - Market size and forecast 2019-2024
• Pneumatic surgical instruments - Market size and forecast 2019-2024
• Market opportunity by Product

Market Segmentation by Application

• Market segments
• Comparison by Application
• Orthopedic surgeries - Market size and forecast 2019-2024
• ENT surgeries - Market size and forecast 2019-2024
• Dental surgeries - Market size and forecast 2019-2024
• Other surgeries - Market size and forecast 2019-2024
• Market opportunity by Application

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Hospitals - Market size and forecast 2019-2024
• ASCs - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• Asia - Market size and forecast 2019-2024
• ROW - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• 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.
• Zimmer Biomet Holdings Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.