Press release
Surgical Drill Bits Market to close to US$ 387.7 Mn with CAGR of 5.3% by 2031
Surgical Drill Bits Market 2022
The global Surgical Drill Bits Market is expected to witness a CAGR of 5.3% and reach US$ 387.7 Mn by the year 2029. With the way in which healthcare data gets accumulated these days (which could be inclusive of medical IoT solutions, DICOM files, and patient records), ultra-modern platforms like data fabrics are in the offing, so that distributed and structured data could be well-managed. This would be healthcare industry's situation in the upcoming period.
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The surgical drill bits market will reach US$ 387.7 Mn by 2029 - says Persistence Market Research, a well-known name in market research.
The current scenario is such that people are increasingly preferring minimally invasive surgeries. This scenario is, by all means, favoring the surgical drill bits market growth. The forecast period (2022-2029) will see North America scale greater heights in the surgical drill bits market. This is basically because of the increasing number of surgeries due to increasing prevalence of neurological disorders, orthopedic disorders, and the other chronic conditions.
The rising number of surgeries are prompting local manufacturers to expand their operations within the US. If we gauge through macro level, the things surfacing include growing popularity of minimally invasive surgeries along with the development of technology.
Likewise, Europe stands second in line. The, increase in orthopedic surgeries in countries like UK, Germany, and the others along with the increasing adoption of advanced drills in this region is boosting the market growth. This is one more trend expected to catch up in the forecast period.
The outbreak of Covid-19 has resulted in decrease in the demand for surgical drill bits as several governments around the world issued directives to postpone or cancel non-essential surgeries due to widespread of the virus. This caused a significant drop in non-emergency treatments around the world, thus limiting the surgical drill bits market. This was a temporary situation and at the start of 2021 things came back to normal when the covid-19 restrictions were lifted.
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Company Profiles:
Dentsply Sirona
Arthrex, Inc.
Zimmer Biomet Dental
Integra Life Science
Stryker Corporation
Institut Straumann AG
Teleflex Incorporated
Conmed Corporation
Medline Industries, Inc.
Den-Mat Holdings, LLC
De Soutter Medical
ADIN Dental Implant Systems Ltd.
KellMed Sales Ltd
ETGAR Medical Implant Systems
MSI France
IMEX Veterinary, Inc.
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Persistence Market Research has presented a comprehensive report based on surgical drill bits market as per product type (Standard Solid Drill Bits, Cannulated Drill Bits, Calibrated Drill Bits, others), distribution channel (offline, online) in seven regions.
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