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Surgical Drills Market worth $3.14 billion by 2030, growing at a CAGR of 10.54% - Exclusive Report by 360iResearch
Surgical Drills Market | 360iResearch
The Global Surgical Drills Market to grow from USD 1.56 billion in 2023 to USD 3.14 billion by 2030, at a CAGR of 10.54%.
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Surgical drills are essential for boring holes in bone for medical screw fixation and removing bone tissues to access target surgical sites. They are widely adopted in numerous surgical procedures, including orthopedic, neurosurgery, ear, nose, throat, and dental. Surgical drills need fewer steps to simulate surgery, saving time using a more reliable and accurate method. The availability of cutting-edge surgical drills enables effective surgical outcomes for surgeons. However, certain limitations, such as breakage risk drill bit and heating issues due to speedy rotation, can impact the surgical drill performance. The new developments in the field, such as robotic automated surgical drills and miniaturized design, are attracting end-users and gaining more product penetration potential.
America showcases a developed and innovative landscape for the surgical drills market owing to the rising incidence of road accidents and the rising need for orthopedic procedures. Moreover, product development and partnerships between key market players drive the demand for surgical drills in the region. In Europe, the Middle East & Africa, the surgical drill market is growing steadily with the developed healthcare infrastructure, availability of advanced instruments such as surgical drills, government support for medical training, and growing medical tourism. The rise in the number of surgical orthopedic and cosmetic surgical procedures recorded in the Asia-Pacific region. In addition, increasing surgical centers across emerging economies and improving product availability showcase the positive trend for the Asia-Pacific surgical drill development.
Market Segmentation & Coverage:
This research report categorizes the Surgical Drills Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Accessories and Instruments. The Instruments is further studied across Battery Drill, Electric Drill, and Pneumatic Drill. The Instruments commanded largest market share of 61.67% in 2023, followed by Accessories.
Based on Type, market is studied across Disposable and Reusable. The Reusable commanded largest market share of 81.11% in 2023, followed by Disposable.
Based on Application, market is studied across Dental, ENT, Neurological, and Orthopedic. The ENT commanded largest market share of 34.56% in 2023, followed by Orthopedic.
Based on End User, market is studied across Hospitals & ASCs and Specialty Clinics. The Hospitals & ASCs commanded largest market share of 61.72% in 2023, followed by Specialty Clinics.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 42.11% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Surgical Drills Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Surgical Drills Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Surgical Drills Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Accuromm USA Inc., Adeor Medical AG, Advance Tools, Advin Health Care, Alden Tool Company, Inc., Apothecaries Sundries Mfg. Pvt. Ltd., Arbutus Medical, Arthrex, Inc., B. Braun SE, Bioventus LLC, Brasseler USA, Changzhou Huida Medical Instrument Co., Ltd., Chongqing Xishan Science & Technology Co., Ltd., Conmed Corporation, De Soutter Medical Limited, GPC Medical Ltd., Imedicom Co., Ltd., Johnson & Johnson Service, Inc., Manman Manufacturing Company Private Limited, Marver Med Inc., McGinley Orthopedics, Medical Bees GmbH, Medical Component Specialists, Inc., Medtronic PLC, MicroAire Surgical Instruments, LLC, MW Industries, Narang Medical Limited, Nouvag AG, Peleton Surgical, Sharma Orthopedic (India) Pvt. Ltd., Sofemed, Stoelting Co., Stryker Corporation, Zimmer Biomet Holdings, Inc., and Joimax GmbH.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Surgical Drills Market, by Product
7. Surgical Drills Market, by Type
8. Surgical Drills Market, by Application
9. Surgical Drills Market, by End User
10. Americas Surgical Drills Market
11. Asia-Pacific Surgical Drills Market
12. Europe, Middle East & Africa Surgical Drills Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Surgical Drills Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Surgical Drills Market?
3. What is the competitive strategic window for opportunities in the Surgical Drills Market?
4. What are the technology trends and regulatory frameworks in the Surgical Drills Market?
5. What is the market share of the leading vendors in the Surgical Drills Market?
6. What modes and strategic moves are considered suitable for entering the Surgical Drills Market?
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