Powered Surgical Instruments Market to grow at highest pace owing to rising elderly population

The powered surgical instruments market primarily comprises powered staplers, drills, saws, wrenches and screwdrivers that are used to perform surgeries across various medical specialties. These tools help to improve accuracy, safety and speed of surgeries. Powered staplers are widely used for digestive, gynecological, ENT and thoracic surgeries to close incisions and joins. Powered drills help to remove screws or bone fragments during orthopedic procedures with precision. Technological advancements in lithium-ion batteries have enhanced portability, power density and cycle life of these instruments. The industry is witnessing increased demand for battery-powered alternatives to corded electric tools.

The Global powered surgical instruments market is estimated to be valued at US$ 2.42 Bn in 2024 and is expected to exhibit a CAGR of 4.9% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in the powered surgical instruments are Aries Chemical, Inc., Arakawa Chemical Industries, Ltd., Atlas Organics Private Limited, GO YEN Chemical Industrial Co., Ltd., Haihang Industry, Kemira Oyj, Longkou Longpai Fine Chemical Industry Co., Ltd., Oleon NV, Plasmine Technology, Inc. and SEIKO PMC Corporation. They are investing in R&D to develop more advanced technologies that provide precision, flexibility and shorter procedure times.

The Powered Surgical Instruments Market Size is witnessing high demand owing to rising volume of surgical procedures performed globally each year. As per estimates, over 230 million surgical procedures were performed in 2018 alone. Growing prevalence of chronic diseases like cancer, CVDs and lifestyle-related ailments is a key factor driving the market.

Technological advancements in surgical robotics, navigation systems, digital imaging and miniaturization of components have enhanced capabilities and reduced invasiveness of powered instruments. Manufacturers are focused on developing specialties-specific powered surgical tools integrated with advanced technologies to assist surgeons.

Market Trends
Increasing preference for minimally invasive surgical procedures: Advantages like reduced trauma, blood loss, risk of infection and faster recovery times have boosted uptake of MIS techniques globally. This growing acceptance of MIS will augment demand for powered instruments.

Adoption of surgical robotics: Robot-assisted surgery using systems like da Vinci is gaining popularity owing to greatly enhanced dexterity, precision and visualization. Powered instrument integration with robotic platforms will open new avenues in coming years.

Market Opportunities
Emerging markets: Countries in Asia Pacific, Latin America, Middle East and Africa offer immense opportunities for powered instrument players owing to improving access to healthcare and rising medical tourism.

Specialty-specific product innovation: Developing specialized powered staplers, drills and saws for orthopedic, neurosurgery, thoracic, ENT procedures presents lucrative opportunities.

Impact of COVID-19 on Powered Surgical Instruments Market
The COVID-19 pandemic has significantly impacted the growth of the powered surgical instruments market. During the initial lockdown phases imposed across various countries, the deferment of elective surgeries caused a decline in the demand for powered surgical instruments from hospitals and healthcare facilities. However, as the healthcare infrastructure started focusing on treating COVID-19 patients, there was an increased utilization of powered tools and equipment to perform critical surgical procedures related to infection control as well as other diseases. As the pandemic spread, many countries faced shortages of healthcare resources including medical devices such as electrosurgical instruments. This drove the demand for advanced powered instruments to optimize efficiencies and reduce procedural times. With the development of vaccines and strategies for combating the pandemic, the deferral of surgeries has reduced. However, post-COVID recovery of the market is expected to take longer depending on resolution of issues like staffing shortages and procedural backlogs faced by healthcare facilities globally. Adoption of advanced visualization and surgical navigation techniques for disease management will play a major role in market growth. Healthcare providers need to closely coordinate supply chain operations and consider long-term investments to match the increasing needs of surgical care in the future.

North America is currently the largest regional market for powered surgical instruments in terms of value as major economies like the U.S. and Canada have well-established medical infrastructure and high surgical procedure volumes. Availability of advanced facilities along with trained professional workforce and favorable reimbursement scenarios have contributed to concentration of market worth in North America. However, Asia Pacific region is expected to witness the fastest growth during the forecast period due to increasing healthcare expenditures, rising medical tourism, and growing focus of leading manufacturers on expanding presence in emerging countries like China and India. Large patient pools, improving access to healthcare, and rising affordability will drive the uptake of powered surgical technology across Asia Pacific over the coming years.