Global Surgical Drill Market Growth Prospects, Future Industry Landscape 2033 | Braun Melsungen AG, Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings Inc.

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The Business Research Company presents an extensive market research report on the Surgical Drill Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The surgical drill market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to initial market expansion, healthcare spending trends, pioneering robotics integration, regulatory framework establishment, early-stage research & development..

The surgical drill market size is expected to see strong growth in the next few years. It will grow to $1.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to global market penetration, increased healthcare spending, integration of robotics, adherence to regulatory standards, investment in research & development.. Major trends in the forecast period include increased surgical procedures, rise in geriatric population, demand for minimally invasive surgeries, enhanced portability and ergonomics, r&d investment..

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Key Market Players:
Braun Melsungen AG, Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings Inc., Altra Industrial Motion, Arthrex Inc., GPC Medical Ltd., CONMED Corporation, Bioanalytical Systems Inc., Exactech Inc., SOFEMED International, Orthopromed Medical Supplies Inc., De Soutter Medical Ltd., ClearPoint Neuro Inc., MatOrtho Limited, AlloTech Co.Ltd., MicroAire Surgical Instruments LLC, Brasseler USA, Millennium Surgical Corp., Nouvag AG, Aygun Surgical Instruments Co.Inc., Adeor medical AG, Traumec Health Technology, Shanghai Bojin Medical Instrument Co. Ltd., Cliniva Healthcare are prominent players in the industry.

Market Drivers:
The growth in the number of surgical procedures is expected to propel the growth of the surgical drill market. Surgical procedures, usually referred to as surgery or surgical interventions, are performed by skilled medical professionals to treat, detect, or cure various illnesses or injuries. Surgical drills are employed in multiple surgical procedures to create precise openings or holes in bone, tissue, or rigid structures in several applications, including cardiovascular and gynecologic surgery and knee replacement procedures. For instance, according to the 2022 Australian Orthopedic Association National Joint Replacement Registry (AOANJRR) Annual Report, in 2021, the number of hip, knee, and shoulder joint replacements increased by 8,411 procedures (7%) compared to the previous year (2021). Therefore, the rise in the number of surgical procedures is driving the surgical drill market.

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Market Segments Include:
1) By Product: Pneumatic Drill, Electric Drill, Battery Powered, Accessories
2) By Material: Re-usable, Disposable
3) By Application: Orthopedic Surgeries, Dental Surgeries, Ear, Nose, And Throat (ENT) Surgeries, Neurology Surgery, Other Applications
4) By End-User: Hospitals and Clinics, Ambulatory Surgery Centers, Other End-Users

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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