the manufacturers, and unfavorable reimbursement scenario are expected to restrain the market
growth.
Increasing inclination of physicians towards robotic surgery to drive the growth of powered
surgical instruments market
Lack of skilled surgical experts coupled with increasing number of surgical procedures
performed are responsible in surging the demand for robotic surgical procedures. According to
Association of American Medical Colleges in 2017, the U.S. is expected to face significant
shortage of surgeons accounting up to 19,800-29,000 surgeons by 2030. Thus, the demand for
robotic surgeries in North American and European countries coupled with the adoption of
minimally invasive surgeries that involves less post-surgical complications and reduces labor cost
are expected to foster the growth of powered surgical instruments market. Advent of medical
tourism in Asian countries due to availability of advanced healthcare facilities, skilled surgeons,
and use of modern technical equipment all at low costs in the region are further propelling the
use of these instruments, which in turn is fueling the growth of powered surgical instruments
market. According to Directorate-General of Commercial Intelligence and Statistics of India
2017, a total of 460,000 international patients availed medical services in Indian hospitals
between the years 2015 - 2016. Moreover, the report also listed that India was a top medical
destination for patients availing surgeries and healthcare in orthopedics, cardiology, and
neurology that mainly use powered surgical instruments. Several other factors responsible for
the growth of powered surgical instruments market include technological advancements, rise in
number of surgical procedures, adoption of minimally invasive surgeries, and rising healthcare
expenditure to develop medical and healthcare infrastructure across the globe. However,
unfavorable reimbursement policies and threat of surgical site contamination with the use of
these devices could hamper the market growth.
The global powered surgical instruments market was valued at US$ 1,965.4 million in 2016 and
is expected to witness a robust CAGR of 3.0 % over the forecast period (2017 - 2025).
Report includes chapters which deeply display the following deliverable about industry :
• Global Powered Surgical Instruments Market Research Objective and Assumption
• Global Powered Surgical Instruments Market Purview - Report Description, Executive
Summary, and Coherent Opportunity Map (COM)
• Global Powered Surgical Instruments Market Dynamics, Regulations, and Trends Analysis -
Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis