DUBLIN, Jan. 28, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7l2p9b/powered_surgical) has announced the addition of the "Powered Surgical Instruments Market by Power Source by Product by Application - Global Forecast to 2020" report to their offering.
The global powered surgical instruments market is estimated to be worth around USD 1.7 Billion in 2014 and is expected to reach around USD 2.2 Billion to grow at a CAGR of 4.1% during the forecast period of 2015 to 2020.
This market is mainly driven by increasing aging population, high prevalence of chronic disorders requiring surgical interventions, and high disposable income among consumers.
Moreover, rapid technological innovation is also contributing to the growth of this market. However, market growth is restricted due to inadequate quality assurance, lack of proper sterilization practices for equipment, and high price competition among manufacturers.
The global powered surgical instruments market is divided on the basis of power source, product, and application. Based on type of power source, the market is mainly segmented into electric instruments, battery-powered instruments, and pneumatic instruments. The powered surgical instruments products market is divided into handpieces; power source and control; and accessories.
The handpieces market is further segmented into drill systems, saw systems, reamer systems, staplers, shavers, wire/pin drivers, and others. Likewise, the power source and control market is segmented into batteries, electric consoles, and pneumatic regulators. The accessories market is sub-segmented into surgical accessories, electrical accessories, and other accessories.
The market, by application, is classified into orthopedic surgery, oral and maxillofacial surgery, ENT surgery, neurosurgery, plastic and reconstructive surgery, and cardiothoracic surgery. The market is further divided into four major regions North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further analyzed at the country-level. The research report discusses key market drivers and restraints of, and the opportunities in, the global market and its submarkets.
In 2014, the electric instruments segment accounted for the largest share of the market. This can be attributed to the low prices of these instruments, and their applications in orthopedic surgery, oral surgery, ENT surgery, neurosurgery, plastic and reconstructive surgery, and cardiothoracic surgery. However, the battery-powered surgical instruments segment is expected to grow at the highest CAGR in the market during the forecast period.
North America represented the largest regional market in 2014, followed by Europe, Asia-Pacific, and RoW. North America and Europe are expected to witness lower growth rates in the coming years than the Asia-Pacific market. The Asia-Pacific region represents the fastest-growing market for powered surgical instruments equipment and accessories, primarily due to the increasing medical tourism, rising prevalence of chronic diseases that require surgical procedures, and increased accessibility to healthcare facilities in the region.
Major players in the powered surgical instruments market include B. Braun Melsungen AG (Germany), CONMED Corporation (U.S.), Johnson & Johnson (U.S.), Medtronic, Inc. (U.S.), Stryker Corporation (U.S.), Smith & Nephew (U.K.) and Zimmer Holdings (U.S.).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Global Powered Surgical Instruments Market, By Power Source
8 Global Powered Surgical Instruments Market, By Product
9 Powered Surgical Instruments Market, By Application
10 Powered Surgical Instruments Market, By Region
11 Competitive Landscape
12 Company Profiles
- B. Braun Melsungen Ag - Conmed Corporation - Desoutter Medical Ltd. - Johnson And Johnson - Medtronic, Inc. - Microaire Surgical Instruments, Inc. - Peter Brasseler Holdings, Llc. - Smith And Nephew Plc - Stryker Corporation - Zimmer Holdings
For more information visit http://www.researchandmarkets.com/research/7l2p9b/powered_surgical
Laura Wood , +353-1-481-1716, firstname.lastname@example.org
SOURCE Research and Markets