The top six players in the global powered surgical instruments market accounted for more than 85% to 90% of the market share.
(PRWEB) December 27, 2014
The global powered surgical instruments market is expected to grow at a moderate CAGR during the forecast period of 2014–2019. The market is mainly driven by the growth in aging population and rising healthcare spending globally. However, the need for highly specialized technical knowledge and skills, and the continued pressure to reduce healthcare costs are hampering the growth of the market to a certain extent. By 2019, North America contributed the largest share to the global powered surgical instruments market, followed by Europe, Asia-Pacific, and RoW. Developed geographies like North America and Europe are likely to grow at a lower CAGR as compared to the Asia-Pacific market, which is expected to show the fastest growth during the forecast period, largely driven by the increased healthcare spending, advancing medical tourism industry, rising prevalence of chronic diseases, and increased accessibility to healthcare facilities. Complete report is available at http://www.rnrmarketresearch.com/powered-surgical-instruments-market-by-power-source-electric-battery-pneumatic-product-drill-saw-stapler-reamer-battery-console-cables-blade-burr-cart-by-application-orthopedic-ent-market-report.html .
Over the last decade, the powered surgical instruments market witnessed tremendous growth, primarily due to the rising volume of surgical procedures performed, growth in aging population, and high prevalence of chronic disorders across the globe. Innovative technological advancements in powered surgical instruments are also propelling market growth.
In this report, the global powered surgical instruments market is segmented by power source, product, and application. The market, by power source, is segmented into electric-powered, battery-powered, and pneumatic instruments. By product, the market covers the handpieces; power source and control; and accessories segments. The handpieces market is further subdivided into drills, saws, reamers, staplers, vessel sealing devices, suction coagulators, laparoscopic instruments, shavers, wire/pin drivers, and others. Moreover, the power source and control is divided into electrosurgical units, batteries and chargers, electric consoles, and regulators.
Companies profiled in the powered surgical instruments market research report are Zimmer Holdings, Inc., Covidien Public Limited Company, Johnson & Johnson, Conmed Corporation, Medtronic, Inc., Olympus Corporation, B. Braun Melsungen AG, Stryker Corporation, Smith and Nephew Plc, and Brasseler Usa Inc. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=244849 .
The accessories market is subdivided into surgical accessories, electrical accessories, and other accessories. Furthermore, on basis of application, the market is classified into orthopedic surgery, oral maxillofacial surgery, ENT surgery, neurosurgery, plastic and reconstructive surgery, and cardiothoracic surgery.
In 2013, Johnson & Johnson (U.S.) and Stryker Corporation (U.S.) were the leading players, together accounting for around 40% to 50% of the global powered surgical instruments market. Johnson & Johnson has a diversified product portfolio that includes a wide range of powered surgical products, including large bone, small bone, and high-speed powered surgical instruments and accessories. Stryker Corporation has extensive experience and expertise in this market, and a strong geographical presence with business operations in several geographies across the globe, including Europe, North America, Latin America, Asia, the Middle East, and Africa. Priced at US$ 4650 for single user license, inquire for discount on this research report at http://www.rnrmarketresearch.com/contacts/discount?rname=244849 .
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