Market Overview:
The global surgical power equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries, rising geriatric population, and technological advancements in surgical power equipment. Based on type, the global surgical power equipment market is segmented into electric powered, battery operated, and pneumatic powered. The electric powered segment is expected to hold the largest share of the global surgical power equipment market in 2018. This can be attributed to its advantages such as easy portability and low noise levels. Based on application, hospitals are expected to hold the largest share of the global surgical power equipment market in 2018 followed by clinics.
Product Definition:
Surgical power equipment is a category of medical devices that use electrical energy to perform surgical procedures. The importance of surgical power equipment is that it enables surgeons to perform a wide variety of minimally invasive procedures.
Electric Powered:
Electric powered surgical power equipment market is expected to witness significant growth over the forecast period. The key drivers for this market are increasing demand for minimally invasive surgeries, growing geriatric population base and rising healthcare expenditure across the globe.
Battery Operated:
Battery-operated surgical power equipment are those devices which are powered by rechargeable batteries. They include various types of medical tools such as forceps, retractors, graspers, and others. Battery operated surgical power equipment have numerous benefits over conventional ones like the availability of a battery backup system in case of an electrical failure or low power supply to name a few.
Application Insights:
Based on application, the global surgical power equipment market is segmented into hospitals, clinics and other medical facilities and others. Hospitals held the largest share in 2017 owing to increasing government funding for the development of healthcare infrastructure across various countries. For instance, according to WHO data published in 2018, India has invested around USD 846 million for developing its hospital infrastructure whereas China has invested around USD 689 million for building outpatient facilities at its hospitals across all states combined. Such initiatives are expected to increase adoption of surgical power equipment in hospitals over the forecast period.
The clinics segment is anticipated to witness significant growth over the forecast period owing to an increase in demand for minimally invasive surgeries which require highly skilled surgeons and advanced tools such as cameras & lights during procedures that can help detect & treat diseases with less trauma compared to traditional surgeries performed by general physicians or family practitioners who use crude instruments such as scalpels or saws during these procedures due to a lack of proper training.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced power equipment, and increasing demand for minimally invasive surgeries are some factors responsible for its large share. Moreover, rising awareness regarding the availability of these devices is anticipated to further fuel growth during the forecast period.
Asia Pacific is expected to witness lucrative growth over the coming years owing to rapid economic development coupled with increased government spending on healthcare facilities in emerging countries such as China and India.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global surgical power equipment market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic and result in shorter hospital stays, which is driving the growth of the surgical power equipment market.
- Technological advancements: The surgical power equipment market is witnessing rapid technological advancements, which is resulting in new product launches and expansions by key players in this market. This is helping to fuel the growth of this market.
- Rising geriatric population: The global geriatric population is growing at a rapid pace, and this trend is expected to continue during the forecast period. This will lead to an increase in the number of procedures performed globally, thereby driving demand for surgical power equipment products worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Power Equipment Market Research Report
By Type
Electric Powered, Battery Operated, Pneumatic Powered
By Application
Hospitals, Clinics
By Companies
DePuy Synthes, Stryker, Medtronic, CONMED, Zimmer Biomet, B. Braun, Arthrex, OsteoMed, Smith & Nephew, Brasseler USA, De Soutter Medical, Adeor, MicroAire
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Power Equipment Market Report Segments:
The global Surgical Power Equipment market is segmented on the basis of:
Types
Electric Powered, Battery Operated, Pneumatic Powered
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DePuy Synthes
- Stryker
- Medtronic
- CONMED
- Zimmer Biomet
- B. Braun
- Arthrex
- OsteoMed
- Smith & Nephew
- Brasseler USA
- De Soutter Medical
- Adeor
- MicroAire
Highlights of The Surgical Power Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Powered
- Battery Operated
- Pneumatic Powered
- By Application:
- Hospitals
- Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Surgical Power Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Surgical power equipment is a type of medical equipment that helps surgeons perform surgery. This includes devices such as scalpels, saws, and other tools used during surgery.
Some of the major players in the surgical power equipment market are DePuy Synthes, Stryker, Medtronic, CONMED, Zimmer Biomet, B. Braun, Arthrex, OsteoMed, Smith & Nephew, Brasseler USA, De Soutter Medical, Adeor, MicroAire.
The surgical power equipment market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surgical Power Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surgical Power Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surgical Power Equipment Market - Supply Chain
4.5. Global Surgical Power Equipment Market Forecast
4.5.1. Surgical Power Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surgical Power Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surgical Power Equipment Market Absolute $ Opportunity
5. Global Surgical Power Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surgical Power Equipment Market Size and Volume Forecast by Type
5.3.1. Electric Powered
5.3.2. Battery Operated
5.3.3. Pneumatic Powered
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surgical Power Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surgical Power Equipment Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surgical Power Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surgical Power Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surgical Power Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surgical Power Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surgical Power Equipment Demand Share Forecast, 2019-2026
9. North America Surgical Power Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surgical Power Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surgical Power Equipment Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surgical Power Equipment Market Size and Volume Forecast by Type
9.7.1. Electric Powered
9.7.2. Battery Operated
9.7.3. Pneumatic Powered
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surgical Power Equipment Demand Share Forecast, 2019-2026
10. Latin America Surgical Power Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surgical Power Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surgical Power Equipment Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surgical Power Equipment Market Size and Volume Forecast by Type
10.7.1. Electric Powered
10.7.2. Battery Operated
10.7.3. Pneumatic Powered
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surgical Power Equipment Demand Share Forecast, 2019-2026
11. Europe Surgical Power Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surgical Power Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surgical Power Equipment Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surgical Power Equipment Market Size and Volume Forecast by Type
11.7.1. Electric Powered
11.7.2. Battery Operated
11.7.3. Pneumatic Powered
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surgical Power Equipment Demand Share, 2019-2026
12. Asia Pacific Surgical Power Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surgical Power Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surgical Power Equipment Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surgical Power Equipment Market Size and Volume Forecast by Type
12.7.1. Electric Powered
12.7.2. Battery Operated
12.7.3. Pneumatic Powered
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surgical Power Equipment Demand Share, 2019-2026
13. Middle East & Africa Surgical Power Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surgical Power Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surgical Power Equipment Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surgical Power Equipment Market Size and Volume Forecast by Type
13.7.1. Electric Powered
13.7.2. Battery Operated
13.7.3. Pneumatic Powered
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surgical Power Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surgical Power Equipment Market: Market Share Analysis
14.2. Surgical Power Equipment Distributors and Customers
14.3. Surgical Power Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DePuy Synthes
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Medtronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CONMED
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zimmer Biomet
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. B. Braun
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Arthrex
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. OsteoMed
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Smith & Nephew
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Brasseler USA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. De Soutter Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Adeor
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. MicroAire
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
