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Latin America Powered Surgical Instruments Market Growth and Investment Report
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The conventional surgery involves large incision and causes a lot of trauma to soft tissues which are present in the areas of injury. Minimally invasive procedures achieves the same goal and decreases the trauma by small incisions itself. Surgeries including orthopaedic procedures, ENT surgeries, complex spine surgeries, and neurosurgeries can be treated using minimally invasive techniques. Conditions related to joint replacement, arthroscopic repairs of sports injuries, and microscopic treatment of musculo-skeletal conditions which are complex in nature use minimally invasive techniques. This will subsequently push vendors in introducing more variants of powered surgical instruments used in minimally invasive procedures.
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The driving factors of Latin America powered surgical instruments market are innovative technological achievements such as surgical robotics, rising prevalence of chronic diseases like cancer, cardiovascular diseases, orthopaedic conditions and neurological diseases, medical tourism, rising investment in health care and growing prevalence of lifestyle related diseases among others. However, the market is constrained by factors like inadequate quality assurance, lack of adequate sterilization processes and rising pressure on healthcare providers to reduce costs among others.
Latin America Powered Surgical Instruments Market is segmented based on the basis of application into oral and maxillofacial surgery, orthopaedic surgery, neurosurgery, ENT surgery, plastic and reconstructive surgery and cardiothoracic surgery. On the basis of power source, the market is divided into battery powered instruments, electric instruments and pneumatic instruments. By product the market is divided into power source and controls, accessories and handpieces. Power source and controls is further divided into electric consoles, batteries and pneumatic regulators. Handpieces is further segmented into drills, saws, reamers, shavers, staplers, pin drivers and others. Accessories is further divided into surgical accessories, electrical accessories and other accessories.
The Latin America Powered Surgical Instruments market is divided based on geography into Brazil, Argentina, Chile, Peru and other parts of the region. Factors such as growing incidence of chronic diseases and rising technological achievements is expected to drive the market growth in the region.
Some of the major players in the market are B. Braun Melsungen Ag, Medtronic, Inc., Johnson and Johnson, Stryker Corporation, Conmed Corporation, Smith and Nephew PLC, Microaire Surgical Instruments, Inc., Peter Brasseler Holdings, LLC., Zimmer Holdings and Desoutter Medical Ltd. among others.
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Abhishek Shukla
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