POWERED SURGICAL INSTRUMENTS MARKET ANALYSIS

The high cost of powered surgical instruments can hamper the global powered surgical instruments market growth. Powered surgical instruments come with advanced technological features such as motors, controls and special attachments, which make the procedures more efficient. However, these advanced features and precision engineering leads to increase in cost of instrument. Most powered instruments include sophisticated electronics, circuitry and motion sensors that increases manufacturing costs. Stringent regulatory approvals and certification processes for medical devices can also increase the overall cost. Hospitals and ambulatory surgical centers are major end users of these instruments. However, high acquisition costs of powered instruments pose a significant budgetary challenge for many healthcare facilities in developing regions. According to the data published by World Bank, out-of-pocket expenditure on health as percentage of total health expenditure was highest in Low-income countries at approximately 59.5% in 2020. This indicates limited financial protection and constraints on robust public healthcare spending. High equipment costs restrict regular adoption especially in price-sensitive markets of Asia and Africa.

Market Opportunities: Healthcare infrastructure development

Global healthcare industry is undergoing a major transformation with increased focus on improving healthcare infrastructure and access to services across both developed and developing nations. Powered surgical instruments have become integral to modern healthcare delivery with advantages of improved precision, reduced procedure time and safety. As nations work towards achieving universal healthcare coverage and improving surgical care for a growing aging population, powered surgical instruments are poised to play a pivotal role. Development of stronger healthcare infrastructure provides a massive opportunity to boost adoption of advanced powered surgical instruments. Many countries are undertaking major reforms and making large investments to modernize their systems. For instance, the Indian government launched the Ayushman Bharat program with a budget outlay of US$ 6.19 billion until 2025 to set up 1.5 lakh health and wellness centers across the country and provide healthcare access to over 500 million citizens. Under its Healthy China 2030 plan, China has earmarked US$ 1.27 trillion until 2030 to strengthen primary care, reform public health services and elevate medical standards nationwide. The scale of these investments ensures growing demand for state-of-the-art medical technologies and equipment across wider geographic regions.