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| Surgical Drills Market |
The global Surgical Drills Market is estimated to be valued at US$ 604.7 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The surgical drills market consists of specialized drills that are used for
various medical procedures involving drilling or cutting hard materials such as
bones. With advanced features such as automated speed control, feedback
mechanisms and easy to sterilize designs, new generation surgical drills
provide surgeons better control and accuracy during medical procedures.
Market key trends:
Growing demand for minimally invasive surgeries: Minimally invasive surgeries
such as arthroscopic procedures require small incisions and delicate drilling
and cutting of bones, necessitating the use of specialized surgical drills. The
demand for such minimally invasive procedures is rising globally owing to
benefits such as less pain, quicker recovery times and lower risk of
complications. This is expected to significantly drive the demand for surgical
drills with features catering to minimally invasive techniques over the
forecast period.
Segment Analysis
The surgical drills market is primarily segmented into pneumatic surgical
drills, electric surgical drills, and battery-powered surgical drills. Among
these, the electric surgical drills segment dominated the market in 2021 and is
expected to remain dominant over the forecast period, owing to various
advantages offered such as noiseless operation, controlled speed, and precise
drilling.
Key Takeaways
The global Surgical
Drills Market Growth is expected
to witness high growth, exhibiting a CAGR
of 7.9% over the forecast period, due to increasing number of orthopedic
and neurological surgeries globally.
Regional analysis
North America dominated the surgical drills market in 2021 and is expected to
remain dominant over the forecast period. This is attributed to factors such as
growing aging population, high healthcare expenditure, and rising prevalence of
orthopedic disorders in the region.
Key players analysis
Key players operating in the surgical drills market include B. Braun SE,
Stryker Corporation, Adeor Medical Ag, Medtronic, Allotech Co. Ltd., Arthrex
Inc., Brasseler USA, ClearPoint Neuro, Inc., ConMed Corporation, De Soutter
Medical Ltd., GPC Medical Ltd., Johnson & Johnson, Joimax Inc., Marver Med,
MicroAire Surgical Instruments, LLC., Sofemed, Zimmer Biomet Holdings, Inc.,
and Manman Manufacturing Company Private Limited. These players are focusing on
new product launches and acquisition strategies to gain a competitive edge in
the market.
Read More,
https://www.insightprobing.com/surgical-drills-market-trends-size-and-share-analysis/
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