The powered surgical instruments market is expected to reach USD 3.7 billion by 2032

From GlobeNewswire: 2024-12-05 07:30:00

The market size for powered surgical instruments reached USD 2.6 billion in 2023 and is expected to grow at a 4% CAGR from 2024 to 2032. These instruments enhance precision in surgeries by powering tasks like cutting and drilling. Technological advancements, including robotics, are driving the adoption of these tools for improved accuracy.

Hospitals and surgical centers are investing in powered surgical instruments to enhance procedural accuracy and consistency, minimizing human error. These tools are designed for easy sterilization and maintenance, ensuring high hygiene standards. The market is categorized by product type into handpieces and accessories, with handpieces projected to reach USD 2.3 billion by 2032.

Orthopedic surgery leads the application segment of the powered surgical instruments market, driven by increasing cases of musculoskeletal conditions. The need for accurate surgical interventions in orthopedics has contributed to its largest share within the market. End-use segmentation includes hospitals, ambulatory surgical centers, and clinics, with hospitals valued at USD 1.6 billion in 2023.

In North America, the powered surgical instruments market was valued at USD 1.2 billion in 2023, with a projected 4.1% CAGR. The region’s robust healthcare system and aging population sustain the demand for these advanced tools. Major players in the market include Arthrex, B. Braun Melsungen, Johnson & Johnson, and Stryker Corporation among others.



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