New York, United States, Jun 08, 2020, 08:13 /Comserve / -- Powered Surgical Instruments (PSI) are complex surgical devices used to assist in the performance of neurological, ENT, oral, maxillofacial and orthopaedic surgeries.
Powered Surgical Instruments (PSI) are complex surgical devices used to assist in the performance of neurological, ENT, oral, maxillofacial and orthopaedic surgeries. Product categories of powered surgical instruments include battery/electric large & small bone equipment, pneumatic large & small bone equipment and high speed equipment. Powered surgical instruments play a unique role in the operation theatre. They help not only in reducing the time taken for surgical procedures and provide functionality but also assure consistent performance in surgical procedures. PSI’s are routinely used in many surgical procedures for varied applications such as drilling, cutting and sawing. Increase in R&D activities geared towards developing innovative products and technologies are expected to boost the growth of the market.
Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10065071
Market Dynamics
The powered surgical instruments market has been witnessing continuous growth. Factors like ageing population, increasing volume of surgical procedures and growing demand for minimally invasive surgeries is fuelling market growth. The market is primarily driven by factors such as increased global health care spending, increased accessibility to health care, rise in the prevalence of lifestyle diseases and medical tourism. Some factors limiting the growth of the market are constant pressureon healthcare providers to reduce costs, inadequate quality assurance and lack of proper equipment sterilization practices.
Market Segmentation
The global powered surgical instruments market can be segmented on the basis of product type, application and geography.
Segmentation by Product Type
Surgical sutures and staples
Surgical sutures
Surgical staples
Handheld surgical equipment
Forceps and spatulas
Dilators
Retractors
Graspers
Auxiliary instruments
Cutter instruments
Electrosurgical devices
The surgical sutures and staples segment owns over 2/3rd of the market share of the overall market. This segment is driven by the huge demand for wound closure and closure of surgical incision site and is projected to maintain its market share. But the electrosurgical devices segment is projected to have the highest growth rate owing to the rising demand for these devices.
Segmentation by Application
Neurosurgery
Orthopaedic surgery
Laparoscopy
ENT surgery
Plastic and Reconstructive surgery
Cardiothoracic surgery
Oral and Maxillofacial surgery
Obstetrics and Gynaecology
Urology
Microvascular surgery
Cardiovascular surgery
The laparoscopy segment leads the market with a market share of over 20 % mainly due to the increasing demand for minimally invasive surgeries in this segment. The plastic and reconstructive surgery segment is projected to have the highest growth rate mainly due to rising demand for cosmetic surgeries.
Regional/ Geographic Analysis
There are several geographic drivers for this market. Asia Pacific is steadily growing to be a growth hub for this market. Factors such as rising healthcare needs, booming medical tourism industry and prevalence of chronic diseases are propelling the market growth in this region.The advent of new technologies, high disposable incomes, favourable regulations and ageing population are driving the growth in North America and Europe.
Download Sample of This Strategic Report:https://www.kennethresearch.com/sample-request-10065071
Key Players
Prominent players in the market include KLS Martin group, Alcon Laboratories Inc., Carefusion corporation, Ethicon Inc., Conmed corporation, Medtronic Inc., MicroAire, Zimmer Holdings Inc., Smith & Nephew PLC and Stryker Corporation.
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Kenneth Research
Email : Sales@kennethresearch.com
Phone: +1 313 462 0609
In a global economy, a significant change in the industry makes it essential for professionals to keep themselves updated with the recent market situations. Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises of more than 100,000 research reports provided by more than 25 market research publishers across different industries.
For more information, please contact:
DavidKenneth Research
Email: sales@kennethresearch.com
Tel: +1-(347)-627-0064
Related Links
https://www.kennethresearch.com