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Straits Research has released its latest market report on the Powered Surgical Instrument Market, providing in-depth insights into the industry’s projected growth, key drivers, and major developments. The market size was valued at USD 2.24 billion in 2022 and is expected to grow at a CAGR of 3.5%, reaching USD 3.05 billion by 2031. This growth is driven by advancements in surgical procedures, rising demand for minimally invasive surgeries, and the increasing prevalence of chronic diseases requiring surgical intervention.
Drivers in the Powered Surgical Instrument Market
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Rising demand for minimally invasive surgeries
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Technological advancements in surgical instruments
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Increasing prevalence of orthopedic and neurological disorders
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Growth in the geriatric population
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Expanding healthcare infrastructure in emerging economies
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Key Developments in the Powered Surgical Instrument Market
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Advancements in battery-powered surgical instruments for enhanced portability
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Integration of AI and robotics in surgical procedures
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Increasing R&D investments in healthcare technology
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Strategic partnerships and acquisitions among market leaders
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Growing emphasis on single-use surgical instruments for infection control
Top Key Players
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Johnson & Johnson
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B. Braun Melsungen AG
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Stryker Co.
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Medtronic Incorporated
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Smith & Nephew
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Zimmer Holdings
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ConMed Co.
For detailed segmentation, access the full report: https://straitsresearch.com/report/powered-surgical-instrument-market/segmentation
Segmentation Analysis of the Powered Surgical Instrument Market
By Power Source:
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Electric Instruments
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Battery Powered Instruments
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Pneumatic Instruments
By Product Type:
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Handpiece
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Disposables
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Drill System
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Saw Systems
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Reamer Systems
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Staplers
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Shavers
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Other Disposables
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Accessories
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Surgical Accessories
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Electrical Accessories
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Other Accessories
By Application:
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Orthopedic
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Dental
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Neurosurgery
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ENT Surgery
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Other Applications
Market Trends & Future Prospects
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Robotic-Assisted Surgeries: The increasing adoption of robotic surgical systems is expected to drive market expansion.
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Focus on Cost-Effectiveness: Healthcare facilities are looking for cost-effective, high-performance surgical instruments.
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Eco-Friendly Initiatives: The market is seeing a shift toward reusable and sustainable instruments.
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Technological Integration: The integration of smart technologies for real-time surgical insights is a significant trend.
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About Straits Research
Straits Research is a leading provider of business intelligence, specializing in research, analytics, and advisory services. Our reports offer in-depth insights, market trends, and growth projections to help businesses make informed decisions.
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