Press release
Exploring the Global Surgical Drill Market: A Comprehensive Overview
Surgical Drill Market
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..
Market Overview -
A surgical drill is a specialized medical instrument designed for cutting, drilling, or creating holes in bone or hard tissues during surgical procedures. These drills are precision instruments that surgeons use to perform various types of surgery, particularly in orthopedics, neurosurgery, dentistry, and other medical fields.
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Rising Surgical Procedure Rates Fueling Growth In The Surgical Drill Market
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.
Competitive Landscape -
Major companies operating in the surgical drill market report are 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
Advancements In Surgical Drill Technology With The Evolution Of The Shrill Shaver Drill System
Major companies operating in the surgical drill market are developing innovative technologies such as the shrill shaver drill system to meet larger customer bases, increase sales, and increase revenue. The shrill shaver drill system is designed to remove soft tissue and bone and is highly effective in treating degenerative spine stenosis. For instance, in June 2021, Joimax GmbH, a German-based company engaged in full-endoscopic and minimally invasive spinal surgery technologies, launched a new generation of shrill shaver drill system. The latest system incorporates a glass touch panel for convenient maintenance and cleaning, offering enhanced advantages such as a new Shrill console that delivers up to 10,000 rpm and precise torque for controlled and efficient tissue ablation. Additionally, it features an adjustable acceleration ramp that can be programmed to meet individual requirements, incorporates new diamond blades, and has undergone improvements in bone-related functions. The device has handle and blade detection that can automatically detect connected handpieces and adjust them to the corresponding parameters.
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Key Segments -
The surgical drill market covered in this report is segmented -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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