The powered surgical handpieces market size has grown steadily in recent years. It will grow from $2.09 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The growth observed in the past can be attributed to several factors, including the aging population, higher rates of orthopedic, ENT, neurosurgical, and plastic and reconstructive surgeries, increased adoption of minimally invasive procedures such as arthroscopy, rising health awareness and disposable incomes among consumers, and the expanded integration of smart and automatic control features in powered surgical staplers.
The powered surgical handpieces market size is expected to see steady growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period will stem from factors such as the rising global volume of surgical procedures, increased healthcare expenditures, a growing elderly population, a heightened prevalence of lifestyle-related diseases, and a significant burden of chronic conditions necessitating surgical interventions. Key trends anticipated in the forecast period include advancements in technology, improved healthcare accessibility and medical tourism, greater adoption of minimally invasive surgical techniques, advancements in imaging and navigation technologies, and a shift towards using single-use and disposable powered instruments.
The growth of the powered surgical handpieces market is anticipated to be driven by an increasing volume of surgical procedures in the foreseeable future. Healthcare advancements and improved living standards have contributed to longer life expectancies. Robotic-assisted surgeries have become more prevalent, making procedures less invasive, reducing recovery times, and boosting patient acceptance of surgery. Powered surgical handpieces aid surgeons by offering precise control and efficiency in tasks such as cutting and drilling, reducing fatigue, and ultimately enhancing surgical outcomes and patient recovery. For instance, in December 2023, the Australian Institute of Health and Welfare reported 735,500 patient admissions for surgery from public hospital elective surgery waiting lists in the 2022-23 period, marking an 18% increase from the previous year (2021-22). This trend underscores the pivotal role of increased surgical volumes in propelling the powered surgical handpieces market.
Leading companies in the powered surgical handpieces market are innovating by developing surgical stapling devices aimed at improving surgical efficiency, reducing operation time, and enhancing patient outcomes. These advanced stapling devices are engineered to deliver precise and consistent staple formation. Surgical stapling devices are specialized medical instruments used for closing wounds or surgical incisions using staples rather than sutures. For example, in June 2022, Ethicon, a MedTech company based in the U.S. under Johnson & Johnson, introduced the ECHELON 3000 Stapler in the U.S. This digitally enabled device features simple, one-handed powered articulation, offering a 39% larger jaw aperture and 27% greater articulation span, thereby improving access and control in confined spaces and challenging tissues. These capabilities empower surgeons with enhanced access and control during procedures, particularly in complex surgical scenarios. The ECHELON 3000 also incorporates powered firing and articulation, coupled with real-time software providing haptic and audible feedback for critical adjustments.
In September 2022, Teleflex Incorporated, a company specializing in medical technologies based in the United States, completed the acquisition of Standard Bariatrics Inc. for $170 million. This acquisition strengthens Teleflex's portfolio by integrating advanced powered stapling technology designed for bariatric surgery. Standard Bariatrics Inc., a US-based medical device firm, is recognized for its development of cutting-edge surgical instruments tailored for bariatric procedures, such as the Titan SGS, a powered stapling device.
Major companies operating in the powered surgical handpieces market are Johnson & Johnson Services Inc., 3M Company, Medtronic plc, Stryker Corporation, B. Braun, NSK Ltd, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Arthrex Inc., CONMED Corporation, KLS Martin Group, Exactech Inc., Brasseler GmbH & Co., Panther Healthcare Pvr Ltd., Maxon Corporation Inc, MicroAire Surgical Instruments LLC, Desoutter Medical Ltd, MatOrtho Limited, Wuhu Ruijin Medical Instrument & Device Co. ltd., Aygun Surgical Instruments, AlloTech Inc., Adeor Medical AG, Orthopromed Inc., iMedicom Co. Ltd., PUSM Medical Device Co. Ltd.
North America was the largest region in the powered surgical handpiece market in 2023. The regions covered in the powered surgical handpieces market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the powered surgical handpieces market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Powered surgical handpieces represent advanced medical tools employed by surgeons for executing precise and controlled actions during surgical procedures. These devices derive their power from electricity, batteries, or pneumatic systems, ensuring consistent and dependable performance. Available in multiple configurations such as drills, saws, reamers, and burs, they are meticulously crafted to enhance the accuracy, speed, and efficiency of surgical operations.
The powered surgical handpieces market encompasses three primary types electric-powered, battery-powered, and pneumatic-powered. Electric-powered variants utilize electrical energy to drive their motorized mechanisms. They find applications across various medical fields including orthopedics, ENT (ear, nose, throat), cardiothoracic surgery, neurology, and others. Distribution channels include both online and offline platforms.
The powered surgical handpieces market research report is one of a series of new reports that provides powered surgical handpieces market statistics, including the powered surgical handpieces industry global market size, regional shares, competitors with powered surgical handpieces market share, detailed powered surgical handpieces market segments, market trends, and opportunities, and any further data you may need to thrive in the powered surgical handpieces industry. These powered surgical handpieces market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The powered surgical handpieces market consists of sales of high-speed drills, burs, tips, and blades. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The powered surgical handpieces market size is expected to see steady growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period will stem from factors such as the rising global volume of surgical procedures, increased healthcare expenditures, a growing elderly population, a heightened prevalence of lifestyle-related diseases, and a significant burden of chronic conditions necessitating surgical interventions. Key trends anticipated in the forecast period include advancements in technology, improved healthcare accessibility and medical tourism, greater adoption of minimally invasive surgical techniques, advancements in imaging and navigation technologies, and a shift towards using single-use and disposable powered instruments.
The growth of the powered surgical handpieces market is anticipated to be driven by an increasing volume of surgical procedures in the foreseeable future. Healthcare advancements and improved living standards have contributed to longer life expectancies. Robotic-assisted surgeries have become more prevalent, making procedures less invasive, reducing recovery times, and boosting patient acceptance of surgery. Powered surgical handpieces aid surgeons by offering precise control and efficiency in tasks such as cutting and drilling, reducing fatigue, and ultimately enhancing surgical outcomes and patient recovery. For instance, in December 2023, the Australian Institute of Health and Welfare reported 735,500 patient admissions for surgery from public hospital elective surgery waiting lists in the 2022-23 period, marking an 18% increase from the previous year (2021-22). This trend underscores the pivotal role of increased surgical volumes in propelling the powered surgical handpieces market.
Leading companies in the powered surgical handpieces market are innovating by developing surgical stapling devices aimed at improving surgical efficiency, reducing operation time, and enhancing patient outcomes. These advanced stapling devices are engineered to deliver precise and consistent staple formation. Surgical stapling devices are specialized medical instruments used for closing wounds or surgical incisions using staples rather than sutures. For example, in June 2022, Ethicon, a MedTech company based in the U.S. under Johnson & Johnson, introduced the ECHELON 3000 Stapler in the U.S. This digitally enabled device features simple, one-handed powered articulation, offering a 39% larger jaw aperture and 27% greater articulation span, thereby improving access and control in confined spaces and challenging tissues. These capabilities empower surgeons with enhanced access and control during procedures, particularly in complex surgical scenarios. The ECHELON 3000 also incorporates powered firing and articulation, coupled with real-time software providing haptic and audible feedback for critical adjustments.
In September 2022, Teleflex Incorporated, a company specializing in medical technologies based in the United States, completed the acquisition of Standard Bariatrics Inc. for $170 million. This acquisition strengthens Teleflex's portfolio by integrating advanced powered stapling technology designed for bariatric surgery. Standard Bariatrics Inc., a US-based medical device firm, is recognized for its development of cutting-edge surgical instruments tailored for bariatric procedures, such as the Titan SGS, a powered stapling device.
Major companies operating in the powered surgical handpieces market are Johnson & Johnson Services Inc., 3M Company, Medtronic plc, Stryker Corporation, B. Braun, NSK Ltd, Zimmer Biomet Holdings Inc., Smith & Nephew plc, Arthrex Inc., CONMED Corporation, KLS Martin Group, Exactech Inc., Brasseler GmbH & Co., Panther Healthcare Pvr Ltd., Maxon Corporation Inc, MicroAire Surgical Instruments LLC, Desoutter Medical Ltd, MatOrtho Limited, Wuhu Ruijin Medical Instrument & Device Co. ltd., Aygun Surgical Instruments, AlloTech Inc., Adeor Medical AG, Orthopromed Inc., iMedicom Co. Ltd., PUSM Medical Device Co. Ltd.
North America was the largest region in the powered surgical handpiece market in 2023. The regions covered in the powered surgical handpieces market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the powered surgical handpieces market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Powered surgical handpieces represent advanced medical tools employed by surgeons for executing precise and controlled actions during surgical procedures. These devices derive their power from electricity, batteries, or pneumatic systems, ensuring consistent and dependable performance. Available in multiple configurations such as drills, saws, reamers, and burs, they are meticulously crafted to enhance the accuracy, speed, and efficiency of surgical operations.
The powered surgical handpieces market encompasses three primary types electric-powered, battery-powered, and pneumatic-powered. Electric-powered variants utilize electrical energy to drive their motorized mechanisms. They find applications across various medical fields including orthopedics, ENT (ear, nose, throat), cardiothoracic surgery, neurology, and others. Distribution channels include both online and offline platforms.
The powered surgical handpieces market research report is one of a series of new reports that provides powered surgical handpieces market statistics, including the powered surgical handpieces industry global market size, regional shares, competitors with powered surgical handpieces market share, detailed powered surgical handpieces market segments, market trends, and opportunities, and any further data you may need to thrive in the powered surgical handpieces industry. These powered surgical handpieces market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The powered surgical handpieces market consists of sales of high-speed drills, burs, tips, and blades. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Powered Surgical Handpieces Market Characteristics3. Powered Surgical Handpieces Market Trends and Strategies32. Global Powered Surgical Handpieces Market Competitive Benchmarking33. Global Powered Surgical Handpieces Market Competitive Dashboard34. Key Mergers and Acquisitions in the Powered Surgical Handpieces Market
4. Powered Surgical Handpieces Market - Macro Economic Scenario
5. Global Powered Surgical Handpieces Market Size and Growth
6. Powered Surgical Handpieces Market Segmentation
7. Powered Surgical Handpieces Market Regional and Country Analysis
8. Asia-Pacific Powered Surgical Handpieces Market
9. China Powered Surgical Handpieces Market
10. India Powered Surgical Handpieces Market
11. Japan Powered Surgical Handpieces Market
12. Australia Powered Surgical Handpieces Market
13. Indonesia Powered Surgical Handpieces Market
14. South Korea Powered Surgical Handpieces Market
15. Western Europe Powered Surgical Handpieces Market
16. UK Powered Surgical Handpieces Market
17. Germany Powered Surgical Handpieces Market
18. France Powered Surgical Handpieces Market
19. Italy Powered Surgical Handpieces Market
20. Spain Powered Surgical Handpieces Market
21. Eastern Europe Powered Surgical Handpieces Market
22. Russia Powered Surgical Handpieces Market
23. North America Powered Surgical Handpieces Market
24. USA Powered Surgical Handpieces Market
25. Canada Powered Surgical Handpieces Market
26. South America Powered Surgical Handpieces Market
27. Brazil Powered Surgical Handpieces Market
28. Middle East Powered Surgical Handpieces Market
29. Africa Powered Surgical Handpieces Market
30. Powered Surgical Handpieces Market Competitive Landscape and Company Profiles
31. Powered Surgical Handpieces Market Other Major and Innovative Companies
35. Powered Surgical Handpieces Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Powered Surgical Handpieces Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on powered surgical handpieces market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for powered surgical handpieces ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The powered surgical handpieces market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Electric-Powered; Battery-Powered; Pneumatic-Powered2) By Application: Orthopedic; Ear Nose Throat (ENT); Cardiothoracic; Neurology; Other Applications
3) By Distribution Channel: Online; Offline
Key Companies Mentioned: Johnson & Johnson Services Inc.; 3M Company; Medtronic plc; Stryker Corporation; B. Braun
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | September 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 2.17 Billion |
Forecasted Market Value ( USD | $ 2.51 Billion |
Compound Annual Growth Rate | 3.7% |
Regions Covered | Global |