The global powered surgical instruments market is predicted to exceed $2.6 billion at a 4.1 percent CAGR by 2022, according to Finance Wire.
Here are three takeaways:
1. The major driving factors of the market include increased healthcare spending, fast growing geriatric population, rising volume of surgical procedures and rising accessibility of healthcare facilities.
2. The market could be set back due to insufficient quality assurance, reducing costs, inadequate reimbursement policies and lack of adequate sterilization processes.
3. Key global powered surgical instruments market players include Zimmer Biomet, Medtronic, Conmed, Alcon Laboratories, Stryker and Smith & Nephew.