Growth at a CAGR of 3.6% in the Powered Surgical Instrument Market during the forecast period 2018 to 2023| Key Players - JOHNSON & JOHNSON, B. BRAUN MELSUNGEN AG, STRYKER CO., MEDTRONIC INCORPORATED, SMITH & NEPHEW, CONMED CO., amongst others

Market Analysis:

North America to Dominate the Market
North America dominates the power surgical instruments market due to the presence of well-established healthcare facilities and the rise in geriatric population in the country. Asia-Pacific is also expected to propel the powered surgical instruments market owing to factors, such as increasing accessibility to healthcare facilities in the region, rising medical tourism, and increasing prevalence of chronic diseases with requirement for surgical procedures.

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Increasing volumes 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. Aforementioned medical conditions lead to the increasing number of surgical procedures to be performed. With advancement in medical tourism is expected to positively reinforce the powered surgical instruments market over the next six years. In addition, increase in geriatric population worldwide, and growing prevalence of the lifestyle disease are also fuelling powered surgical instruments market. Lack of reimbursement, along with the high cost of the same and inadequacy of skilled professionals are restraining the growth of the market.

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Market Segments
Powered Surgical Instrument Market is segmented by:
1. TYPE OF PRODUCT: HANDPIECE, POWER SOURCES AND CONTROLS, ACCESSORIES
2. TYPE OF APPLICATION: ORTHOPEDIC SURGERY, ORAL AND MAXILLOFACIAL SURGERY, NEURO SURGERY, ENT SURGERY, PLASTIC AND RECONSTRUCTIVE SURGERY, CARDIOTHORACIC SURGERY
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• October 2017, Aesthetx is a medical and cosmetics firm which is using power tools from Rhinoplasty which ensures minimum soft tissues damage. This procedure is called as Piezo technique in which Piezo is an equipment which cuts the bone and recognizes soft tissues.

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