The global powered surgical instrument market is expected to reach a
notable growth during forecast period. The market is segmented by region into
North America, Europe, Asia Pacific, Latin America, and the Middle East &
Africa.
North America is the largest
market for powered surgical instruments, accounting for over 35% of the global
market share in 2023. The high adoption of minimally invasive surgical
procedures and the presence of leading market players in the region are the key
factors driving the growth of the market in North America.
Europe is the second-largest
market for powered surgical instruments, with a market share of over 30% in
2023. The increasing prevalence of chronic diseases and the rising demand for
minimally invasive surgeries are the major factors driving the growth of the
market in Europe.
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Asia Pacific is the
fastest-growing market for powered surgical instruments, with a CAGR of over 5%
from 2024 to 2030. The growing aging population, the increasing prevalence of
chronic diseases, and the rising demand for minimally invasive surgeries are
the key factors driving the growth of the market in Asia Pacific.
Latin America and the Middle
East & Africa are relatively smaller markets for powered surgical
instruments, but they are expected to grow at a significant rate in the coming
years. The increasing investment in healthcare infrastructure and the rising
demand for minimally invasive surgeries are the major factors driving the
growth of the market in these regions.
Here is a more detailed look
at the powered surgical instrument market in each region:
North America:
- The North American powered
surgical instrument market is dominated by a few major players, such as
Medtronic, Johnson & Johnson, and Stryker.
- The
market is expected to grow at a CAGR of over 4% from 2024 to 2030.
- The
growth of the market is attributed to the increasing adoption of minimally
invasive surgical procedures and the rising prevalence of chronic
diseases.
Europe:
- The European powered surgical
instrument market is highly fragmented, with a number of small
and medium-sized enterprises (SMEs) operating in the market.
- The
market is expected to grow at a CAGR of over 3% from 2024 to 2030.
- The
growth of the market is attributed to the increasing prevalence of chronic
diseases and the rising demand for minimally invasive surgeries.
Asia Pacific:
- The Asia Pacific powered
surgical instrument market is the fastest-growing market in the world.
- The
market is expected to grow at a CAGR of over 5% from 2024 to 2030.
- The
growth of the market is attributed to the growing aging population, the
increasing prevalence of chronic diseases, and the rising demand for
minimally invasive surgeries.
- China
and India are the two largest markets for powered surgical instruments in
the Asia Pacific region.
Latin America:
- The Latin American powered
surgical instrument market is a relatively smaller market, but it is
expected to grow at a significant rate in the coming years.
- The
growth of the market is attributed to the increasing investment in
healthcare infrastructure and the rising demand for minimally invasive
surgeries.
- Brazil
and Mexico are the two largest markets for powered surgical instruments in
the Latin America region.
Middle East & Africa:
- The
Middle East & Africa powered surgical instrument market is a
relatively smaller market, but it is expected to grow at a significant
rate in the coming years.
- The
growth of the market is attributed to the increasing investment in
healthcare infrastructure and the rising demand for minimally invasive
surgeries.
- Saudi
Arabia and the United Arab Emirates are the two largest markets for
powered surgical instruments in the Middle East & Africa region.
Overall, the powered
surgical instrument market is expected to grow at a steady pace in the coming
years. The growth of the market is attributed to the increasing adoption of
minimally invasive surgical procedures, the rising prevalence of chronic diseases,
and the growing aging population. The Asia Pacific region is expected to be the
fastest-growing market for powered surgical instruments in the coming years.
Related Charts:
GCC Powered Surgical Instrument Market Outlook (2018 to
2032)
Turkey Powered Surgical Instrument Market Outlook (2018 to
2032)
Israel Powered Surgical Instrument Market Outlook (2018 to
2032)
South Africa Powered Surgical Instrument Market Outlook (2018 to
2032)
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