The Size of the Europe Powered Surgical Instruments Market is valued at USD 2945.23 Million in 2022 and estimated to be growing at a CAGR of 6.75%, to reach USD 4082.81 Million by 2027 during the forecast period 2022 to 2027.
During surgery, a powered surgical instrument is a gadget that is built specifically for a specific procedure. Electrical or pneumatic power sources are available for powered surgical instruments, with the former including line current and batteries. In addition, compressed gases such as nitrogen, carbon dioxide, or compressed air are used in pneumatic power sources. Powered Surgical Instruments is a market for technical gadgets that help surgeons execute orthopedic and neurological operations.
Traditional surgery includes a wide incision and produces a great deal of trauma to the soft tissues in the injured areas. Minimally invasive techniques accomplish the same purpose while reducing trauma due to the small incision. Minimally invasive techniques can treat orthopedic procedures, ENT surgeries, complex spine surgeries, and neurosurgeries. In addition, minimally invasive procedures are used to treat diseases such as joint replacement, arthroscopic sports injury repairs, and microscopic therapy of complex musculoskeletal conditions. As a result, producers will be pushed to introduce more powered surgical instrument variations for minimally invasive treatments.
Innovative technological advancements such as robotics are creating lucrative growth opportunities for the market players.
The market is driven by the rising prevalence of chronic diseases such as cancer, cardiovascular diseases, orthopedic conditions, and neurological diseases.
Moreover, initiatives taken by the government for creating awareness among the people through medical tourism, rising investment in health care, and rising prevalence of lifestyle-related diseases are fueling the market growth.
Powered tools are available in various sizes and designs, allowing surgeons and medical workers to select the appropriate tool for the operations. Furthermore, the growing popularity of traditional procedures has created a tremendous market for innovative surgical devices and techniques.
Inadequate quality assurance, a lack of sufficient sterilizing techniques, and increased pressure on healthcare providers to save costs are limiting factors in the industry. Furthermore, increased cost-cutting pressure on healthcare providers, insufficient sterilization methods, and poor-quality assurance could hinder the market throughout the forecast period. In addition, inadequately skilled personnel, inefficient resources for the instruments, and a lack of knowledge may all contribute to the market's decline.
This research report on the Europe Powered Surgical Instruments Market has been segmented and sub-segmented into the following categories
By Power Source:
Geographically, over the years, the European market for powered surgical instruments has grown at the second-quickest rate. However, the market is expected to rise at a growing CAGR during the forecast period. The regional growth of the market is attributed to the ever-increasing technological improvements in the healthcare industry and increasing healthcare expenditure. Moreover, the countries such as Germany, France, the United Kingdom, Italy, and Spain significantly contribute to the European regional market growth. The increasing technological advancements in the healthcare industry and rising spending on healthcare are driving the regional market growth.
The UK powered surgical instruments market and Germany powered surgical instruments market are more likely to contribute to the powered surgical instrument market in the next five years. The demand for powered surgical equipment is being driven by the United Kingdom's improving healthcare infrastructure.
Italy, France, and Spain are projected to account for a considerable share in the powered surgical instruments market in the coming years. Market growth in these regions is likely to be fueled by the increased frequency of chronic diseases, technological advancements, and favorable reimbursement policies across these countries.
KEY MARKET PLAYERS
Prominent Companies dominating the Europe Powered Surgical Instruments Market Profiled in the Report are B. Braun Melsungen Ag, Medtronic, Inc., Johnson and Johnson, Stryker Corporation, Conmed Corporation, Smith and Nephew PLC, Microaire Surgical Instruments, Inc., Peter Brasseler Holdings, LLC., Zimmer Holdings and Desoutter Medical Ltd. among others.
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