Press Release / Health and Fitness / Powered Surgical Instruments Market worth 2.2 Billion USD by 2020

Powered Surgical Instruments Market worth 2.2 Billion USD by 2020

The report "Powered Surgical Instruments Market by Power Source (Electric, Battery, Pneumatic) by Product (Drill, Saw, Stapler, Reamer, Battery, Console, Cables, Blade, Burr, Cart) by Application (Orthopedic, ENT, Oral, Thoracic, Neurology) - Global Forecast to 2020 ”, The global powered surgical instruments market is estimated to be worth around USD 1.7 Billion in 2014 and is expected to reach around USD 2.2 Billion to grow at a CAGR of 4.1% during the forecast period of 2015 to 2020.

Browse 165 market data tables and 40 figures spread through 229 pages and in-depth TOC on "Powered Surgical Instruments Market by Power Source (Electric, Battery, Pneumatic) by Product (Drill, Saw, Stapler, Reamer, Battery, Console, Cables, Blade, Burr, Cart) by Application (Orthopedic, ENT, Oral, Thoracic, Neurology) - Global Forecast to 2020"
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Industry Insights:

The powered surgical instruments market registered a healthy growth rate during the last decade primarily attributed to the rising aging population, increasing volume of surgical procedures performed, and technological developments. The demographic trend of rise in aging population across the globe has caused a corresponding rise in the prevalence of chronic disorders that primarily includes cardiovascular diseases, orthopedic conditions, and neurological diseases.
However, the intense pressure to reduce healthcare costs, inadequate quality assurance standards, and lack of sterilization practices for equipment are likely to hinder the growth of the market to a certain extent.

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Geographical Scenario:

North America represented the largest regional market in 2014, followed by Europe, Asia-Pacific, and RoW. North America and Europe are expected to witness lower growth rates in the coming years than the Asia-Pacific market.

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Industry Leaders:

Major players in the powered surgical instruments market include B. Braun Melsungen AG (Germany), CONMED Corporation (U.S.), Johnson & Johnson (U.S.), Medtronic, Inc. (U.S.), Stryker Corporation (U.S.), Smith & Nephew (U.K.) and Zimmer Holdings (U.S.).
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