According to the report, the Size of the Powered Surgical Instruments Market in Latin America is valued at USD 1485.26 million in 2022 and is expected to grow at a CAGR of 6.93%, reaching USD 2076.35 million by 2027 during the forecast period 2022 to 2027.
One of the key reasons is that powered surgical equipment is becoming an increasingly important feature of operating rooms and surgical procedures in Latin America. Specific motorized surgical tools are used to shape, place, cut, drill, or dissect a bone utilizing surgical equipment and accessories.
Another distinguishing aspect is that these devices are often powered by three different energy sources: battery, electric, and pneumatic. In addition, powered surgical instruments are offered in two types: reusable and single-use.
The primary argument is that single-use powered surgical instruments are less likely to become infected than reusable ones, driving greater demand for them. In addition, the market for powered surgical instruments in Latin America is expected to grow due to this.
Another important consideration is that these treatments demand highly skilled and technically proficient surgeons. Furthermore, powered surgical equipment is required for these treatments, which assists surgeons in obtaining precision and accuracy during lengthy procedures.
Product recalls, inadequate reimbursement restrictions, and the risk of surgical site infection when using reused devices are all crucial roadblocks to the Latin American powered surgical equipment market's growth.
The procedure's high cost and a scarcity of qualified professionals in contrast to the number of patients are limiting the market's expansion.
All such therapies have the risk of introducing harmful microorganisms into the patient's body, leading to illness. As a result, the absence of a sterilizing process is a stumbling obstacle for the market for powered surgical instruments.
This research report on the Latin America Powered Surgical Instruments Market has been segmented and sub-segmented into the following categories.
By Application:
By Power Source:
By Product:
By Country:
Geographically, Latin America accounted for a moderate percentage of the global market, which is expected to continue during the period. New technologies, significant market participants on the ground, and government programs that enhance access to advanced power instruments for surgical procedures and physician training sessions contribute to the region's development.
Latin America is expected to develop at the fastest rate during the projected period due to more significant government investment and initiatives to enhance reimbursement laws and increase awareness, which is expected to drive market expansion.
The Mexico Powered Surgical Instruments Market is forecasted to grow at a certain CAGR during the period due to their simplicity of use and effectiveness, powered surgical instruments, such as battery-powered and electric-powered equipment, are gaining appeal among surgeons across the region.
The Brazil Powered Surgical Instruments Market has the most significant growth due to the expanding senior population. Furthermore, improved awareness of the benefits of these devices is expected to boost the regional market further. In addition, the introduction of robot-assisted surgical procedures using powered surgical tools and rising technological developments in surgical equipment are expected to benefit the Latin American powered surgical instruments market over the forecast period.
Powered surgical instruments are sophisticated gadgets that boost the efficiency and consistency of critical surgical procedures. These instruments are used in treatments such as neurosurgery, plastic surgery, and others.
KEY MARKET PLAYERS
Noteworthy Companies leading the Latin America Powered Surgical Instruments Market Profiled in the Report are B. Braun Melsungen Ag, Peter Brasseler Holdings, LLC., Medtronic, Inc, Zimmer Holdings, and Desoutter Medical Ltd, Johnson, and Johnson, Stryker Corporation, Conmed Corporation, Smith and Nephew PLC, Microaire Surgical Instruments, Inc.,
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