Powered Surgical Instruments Market to witness major growth in coming years
The major factor responsible to drive the growth of global powered surgical instruments market include the rising number of surgical procedures coupled with the shortage of skilled and expert surgeons. Increasing number of cosmetic procedures performed that uses minimally invasive surgical devices are also contributing to the market growth. According to Annual Plastic Surgery Procedural Statistics, 15.9 million surgical and minimally invasive cosmetic procedures were performed in the U.S. in 2015 with 2% increase in the surgical number as compared to 2014.
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Various other factors contributing to the market growth include rising adoption of surgical robots, technological advancements, increasing healthcare spending by medical sectors of developed and emerging economies, and medical tourism. However, the adverse outcomes due to contamination in the reusable devices leading to surgical site infections, pricing pressure on the manufacturers, and unfavorable reimbursement scenario are expected to restrain the market growth.
Powered Surgical Instruments are surgical devices that are used to perform various tasks in a surgical procedure and are operated through a power source. The powered surgical instruments are considered to be technologically advanced devices that assist surgeon in carrying out surgical procedures in various medical domains such as Orthopedics, ENT, Neurology, Cardiovascular, oral, maxillofacial, and others. The hand-pieces segment in the powered surgical instruments are mainly operated through three power sources that include battery powered devices, which use Lithium ion batteries that are rechargeable sources, electric powered devices that are operated through electrical supply, and pneumatic powered devices that are operated through air pressure obtained through an air reservoir attached to the device.
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Technological advancements in the hand-pieces segment to propel growth of global powered surgical instruments market
Market players are focused on providing customized solutions and powered devices to the consumers that includes autoclavable and non-autoclavable devices with specific shaft output and motor power of the instruments. Moreover, the key players are indulged into incorporation of novel technologies in the powered surgical instruments. For instance, Aesthetx, the U.S. based company developed an innovative instrument in 2015 that incorporated the use of peizo technique in the powered surgical instruments. The peizo refers to a piece of equipment that easily cuts the hard bone through with recognizing soft tissues, making the device to stop and vibrate at a place. This device provides high assistance in rhinoplasty ensuring less damage and bleeding inside the nose thus reducing the recovery time. Some of the major players operating the global powered surgical instruments market include Stryker Corporation, Conmed Corporation, Zimmer Holdings, Inc., MicroAire Corporation, Medtronic Plc, KLS Martin Group, DePuy Synthes, and B. Braun Melsungen AG.
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