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Medical Robotics Is Fastest Growing Segment Fueling The Growth Of Powered Surgical Instruments Market

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Lucy Kart
Medical Robotics Is Fastest Growing Segment Fueling The Growth Of Powered Surgical Instruments Market

Powered surgical instruments are instruments that use an electric motor to power mechanical motion and assist in various surgical procedures. These instruments make complex surgeries less time consuming and tiring for medical professionals by providing precision, improved ergonomics and greater accuracy during procedures.

The global powered surgical instruments market is estimated to be valued at US$ 2.10 Bn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Medical robotics and smart surgical devices are one of the major trends witnessed in the global powered surgical instruments market. Technological advancements and the introduction of medical robotics are helping surgeons perform surgeries effectively with better clinical outcomes. With continued technological developments, medical robotics is integrating more intelligence and functionality for applications in various types of surgeries. Features such as tremor filtration, motion scaling and precision assistance are making robot-assisted surgeries more viable and popular. Adoption of medical robotics and smart surgical devices is expected to drive the growth of powered surgical instruments market during the forecast period.

Segment Analysis

The global powered surgical instruments market can be segmented by product, application, end-user and region. Based on product, the powered surgical instruments market is categorized into handpieces, power sources & controls, and accessories. Within handpieces, drill systems is the dominating sub-segment as it is widely used in orthopedic surgeries and dental procedures for tasks like cutting, grinding and drilling bones and teeth.

Key Takeaways

Global Powered Surgical Instruments Market is expected to witness high growth, exhibiting CAGR of 4.0% over the forecast period, due to increasing number of surgical procedures worldwide.

Regional analysis: North America dominated the global market in 2023 and is expected to maintain its dominance over the forecast period. This is attributed to factors such as advanced healthcare infrastructure and growing aging population. Asia Pacific is expected to witness fastest growth over the forecast period owing to rising medical tourism, increasing healthcare expenditure and growing demand for surgical procedures in emerging economies like China and India.

Key players: Key players operating in the powered surgical instruments market are Stryker Corporation, Johnson & Johnson, Medtronic plc, and CONMED Corporation. Stryker Corporation dominated the global market in 2023 owing to its wide product portfolio and strong geographic presence across the world. 



Get More Insights on this Topic- https://www.dailyprbulletin.com/powered-surgical-instruments-market-value-insights-and-forecast-outlook/

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