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Surgical Drills Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 269 | Report ID: MRS1146


Report Description

The global Surgical Drills market size is estimated at USD 1,204.8 million in 2020, expanding at a CAGR 6.8% from 2021-2027 to reach 1,900.9 million USD in 2027.

Market Dynamics

A surgical drill is a tool used to bore openings in bone for the attachment of bolts, slabs, or surgeon staples. These surgery tools are frequently used to remove cavities or reshape teeth before placing a repair. Furthermore, the devices are used in a variety of surgical treatments, including dentistry, neurosurgery, ENT, and orthopedic operations.

The rising frequency of orthopedic problems including spinal abnormalities, spinal accidents, and osteoarthritis, among several others, is one of the major factors propelling the worldwide surgery drills industry. According to data from the American Orthopedic Association (AOA), approximately 1.5 million persons in the United States just were struggling with osteoarthritis in 2017. Furthermore, the European Federation of National Associations of Orthopedics and Traumatology (EFFORT) revealed that there were approximately 2.5 million injuries documented throughout Europe in 2015, with the number anticipated to rise to 4.5 million individuals by 2050.

With continual technical improvements, the worldwide surgery drills industry is at a rapid pace. Furthermore, there was an increase in the need for such systems and technology from important end customer usage industries. All these, too, are expected to contribute to the aggregate growth of the worldwide industry.

Regional Insights

Internationally, Americans are expected to lead the worldwide market due to a growth in orthopedic operations, increased knowledge of oral treatment, as well as an expansion in oral treatments and operations. The advancement of improved medical methods and enhanced therapeutic methods has had a favorable impact on the expansion of the American marketplace.

Because of the expansion of the health industry in emerging nations such as India and China, the industry in the Asian market has seen tremendous expansion. Furthermore, increased government financing for medicine, increasing Research investment, and increasing numbers of medicinal device businesses in the area have resulted in the area's quickest development throughout the projection timeframe. Throughout the projected timeframe, the Middle East and Africa market is expected to provide small development possibilities in the market.

Segment Insights

The Surgical Drills industry is divided into four sections: product, Types, Application, and end-use. In terms of End-Use hospitals and ASCs had the lion's share of the market. The segment's supremacy may be attributable to the increased number of procedures conducted in hospitals and operating rooms, as well as acceptable compensation schemes granted by institutions in developing nations.

Depending on the application, the orthopedic section had the lion's share. The supremacy is linked to the rising prevalence of orthopedic problems in the worldwide demographic, which has increased the number of patients receiving surgical treatments.

Competitive Insights

The surgical drills industry is highly fragmented, having most competitors vying for larger industry positions. High competitiveness and quick technology improvements are important market challenges. Increased emphasis on the creation of new goods will allow the businesses to increase their market share. For example, in March 2019, NSK introduced the S-Max M line, the next step in the development of their well-regarded handpieces.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Surgical Drill's by-product, Type, Application, End-Use region, and Type. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

  • Adeor medical AG
  • AlloTech Co.Ltd.
  • Arthrex, Inc.
  • Braun Melsungen AG
  • CONMED Corporation
  • Conmed Corporation
  • De Soutter Medical
  • Dentsply Sirona
  • DePuy Synthes
  • Institut Straumann AG
  • Integra Life Science
  • Medtronic plc
  • Stryker Corporation
  • Teleflex Incorporated
  • Zimmer Biomet Holdings, Inc.

Product Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Instruments
    • Electric Drill
    • Pneumatic Drill
    • Battery Drill
  • Accessories

Type Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Disposable
  • Reusable

Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • ENT
  • Orthopedic
  • Neurological
  • Dental
  • Others

End-Use Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Specialty Clinics
  • Hospitals & ASCs

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global Surgical Drills market size is estimated at USD 1,204.8 million in 2020, expanding at a CAGR 6.8% from 2021-2027 to reach 1,900.9 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Surgical Drills market size is estimated at USD 1,204.8 million in 2020, expanding at a CAGR 6.8% from 2021-2027 to reach 1,900.9 million USD in 2027.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The surgical drills industry is highly fragmented, having most competitors vying for larger industry positions. High competitiveness and quick technology improvements are important market challenges. Increased emphasis on the creation of new goods will allow the businesses to increase their market share. For example, in March 2019, NSK introduced the S-Max M line, the next step in the development of their well-regarded handpieces.

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