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", expected to reach around USD 2.2 Billion by 2020.
Pune, India -- (SBWIRE) -- 12/22/2015 -- Browse 165 market data tables and 40 figures spread through 229 pages and in-depth TOC on "Powered Surgical Instruments Market"
Early buyers will receive 10% customization on this report.
This report studies the powered surgical instruments market over the forecast period of 2015-2020.
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.
Talk to Our Research Analysts for More Info@
All of these conditions require surgical interventions, thus leading to an increase in the number of surgical procedures performed. The advancing medical tourism industry, rising prevalence of chronic diseases that require surgical procedures, and favorable reimbursement scenarios in developing economies is expected to drive this market in coming years. 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.
In this report, the powered surgical instruments market is segmented by power source, products, applications, and geography. The report also discusses key market drivers, restraints, opportunities in this market and its submarkets. The market is expected to grow at a moderate CAGR from 2015 to 2020.
In 2014, North America was the leader in this market, followed by Europe. The highly developed healthcare infrastructure, advent of new technologies, growing aging population, and favorable regulatory framework in the North American and European region has led to the large market shares of these regions. However, the highest growth opportunities for this market are in the Asia-Pacific region. The Asia-Pacific region represents the fastest-growing market for powered surgical instruments equipment and accessories, primarily due to the increasing medical tourism, rising prevalence of chronic diseases that require surgical procedures, and increased accessibility to healthcare facilities in the region.
Get The Customized Copy Of This Report:
The major players in the powered surgical instruments market include Stryker Corporation (U.S.), Johnson & Johnson (U.S.), Medtronic, Inc. (U.S.), B. Braun Melsungen AG (Germany), Conmed Corporation (U.S.), Smith & Nephew (U.K.), and Zimmer Holdings (U.S.).
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Subscribe Reports from Healthcare Domain @ http://www.marketsandmarkets.com/Subscription.html
Unit No. 802, 8th Floor,
Tower - 7, Magarpatta City SEZ,
Hadapsar, Pune – 411013,
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets