1. Market Research
  2. > Healthcare Market Trends
Powered Surgical Instrument Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Powered Surgical Instrument Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • December 2021
  • 148 pages
  • ID: 6195670
  • Format: PDF
  • Mordor Intelligence LLP


Table of Contents

Search Inside

Global Powered Surgical Instrument Market is registering a CAGR of nearly 4.41% during the forecast period. An increasing number of surgical procedures, coupled with technological advancements, such as the introduction of robot-assisted surgical procedures, is expected to drive the growth of the powered surgical instrument market. In addition, the growth in the geriatric population worldwide and growing prevalence of lifestyle diseases, also fuel the powered surgical instruments market.

The Pandemic has had ramifications for ways of working, of various surgical procedures including orthopedic surgeries. There are strict guidelines specific to each specialty that has to be implemented and followed, for orthopedic surgeons to be able to continue to provide safe and effective care to their patients during the COVID-19 pandemic. The volume of orthopedic surgeries has significantly declined during the pandemic, owing to the stringent guidelines by the regulatory authorities to avoid all non-emergent surgeries.

According to the study published in the British Journal of Surgery, in May 2020, based on a 12-week period of peak disruption to hospital services due to COVID-19, around 28.4 million elective surgeries worldwide will be cancelled or postponed in 2020. ? More than 580,000 planned surgeries in India cancelled or delayed as a result of the COVID-19 pandemic, according to a study conducted by an international consortium in May 2020,

In addition,lack of proper reimbursement in some countries, along with the high cost of advanced power tools and inadequate skilled professionals, is restraining the growth of the market.

Key Market Trends

Orthopedic Surgery Segment Expected to Have Notable Growth Rate

Orthopedic surgery is a specialty that deals with acute injuries, congenital, and acquired disorders and chronic arthritic or overuse conditions of the bones, joints, and their associated soft tissues, including ligaments, nerves, and muscles.?

The burden of OA (osteoarthritis) is expected to increase across the world in the coming decades. According to the State of Musculoskeletal Health 2019 report, around 8.75 million people aged between 45 years and over (33%) in the United Kingdom sought treatment for osteoarthritis. ?

Accidents are also a major cause for the growing demand of orthopedic surgeries. For instance, there is a rise in the incidence of road accidents in the United States, which is a leading cause of injuries among people. According to the estimates of the Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute (HLDI), in 2017, there were 34,247 motor vehicle crashes in the United States, causing around 37,133 deaths.??

Furthermore, market players are focusing on continuous developments and launch of novel products to gain the competitive edge in the market. in March 2017, Stryker Instruments has launched System 8 power tools.

However, there will be a short-term negative impact on the segment growth, as there will be a temporary halt on the surgical procedures globally due to the COVID-19 pandemic. According to the research conducted by the CovidSurg Collaborative in the year 2020, a research network, orthopedic procedures will be canceled the most frequently, with 6.3 million orthopedic surgeries canceled, worldwide, over a 12-week period?,

North America Projected to Have Significant Share Over the Forecast Period.

In North America, especially the United States, the market for powered surgical instruments is driven by technological advancement, prevalence of chronic diseases, increasing surgeries volume, elderly patients expecting higher levels of function, and reimbursement models that incentivize complex fusion surgery.According to the Global Health and Wellness Report published in 2018, nearly 40% of the adult population in the United States was diagnosed with a cardiovascular condition, which directly resulted in higher demand for highly efficient and immediate treatments, like cardiovascular surgeries, which will propel the usage of surgical staplers.

?According to the 2017 updates of the Centers for Disease Control and Prevention (CDC), approximately 27 million surgical procedures are performed in the United States each year.?Similarly, According to the American Joint Replacement Registry, there were more than 498,817 primary hip replacements performed during 2012 and 2018. Moreover, the average age of hip arthroplasty patient was 67.4 years. Thus, an increasing number of surgical procedures is increasing the demand for studied market in the country.?

However, owing to the COVID 19 pandemic, total number of surgical procedures are significantly affected in 2020, which has caused slide decline in market, especially first three quarters of the year.

Asia-Pacific is also expected to propel the powered surgical instruments market, due to factors, such as increasing accessibility to healthcare facilities in the region, rising prevalence of cardiovascular diseases, chronic diseases like cancer, medical tourism, orthopedic conditions and neurological diseases, rising investment in health care and growing prevalence of lifestyle related diseases among others.

Competitive Landscape

Market players focus on continuous product development and offering wide range of products at competitive prices especially in developing countries. Companies are focusing on expansion of their product portfolios by adopting inorganic growth strategies such as acquisitions, mergers and partnerships. Some of the Major Players are Johnson & Johnson, B. Braun Melsungen Ag, Stryker Co., Medtronic Incorporated, Smith & Nephew, Conmed Co., Desoutter Medical Ltd, Zimmer Holdings, and among others.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Live Cell Imaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • $ 4750
  • March 2022
  • 110 pages

The Live Cell Imaging market is projected to register a CAGR of 7.29% during the forecast period with a market size of USD 1,801.89 million in 2021 and expected to reach USD 2,766.27 million by 2027. The ...

  • World
  • Healthcare
  • Industry analysis
  • Health Expenditure
  • Diabetes Prevalence


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on