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Redding, California - November 14, 2024

Surgical Drills Market to be Worth $1.71 Billion by 2031

Surgical Drills Market Size, Share, Forecast, & Trends Analysis by Product (Instruments [Pneumatic, Electric, Battery Powered, Consumables], Type (Reusable, Disposable), Application (Orthopedic, Neurosurgery, Dental, ENT), and End User - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Surgical Drills Market Size, Share, Forecast, & Trends Analysis by Product (Instruments [Pneumatic, Electric, Battery Powered, Consumables], Type (Reusable, Disposable), Application (Orthopedic, Neurosurgery, Dental, ENT), and End User - Global Forecast to 2031’ According to this latest publication from Meticulous Research^®, the surgical drills market is projected to reach $1.71 billion by 2031, at a CAGR of 5.6% during the forecast period.

The growth of this market can be attributed to several factors, including the rise in the number of surgical procedures, advancements in surgical equipment, rising incidence of accidental injuries, and growing demand for oral care products. However, the rising demand for minimally invasive surgeries, risk of disease transmission and complications, and high cost of surgical drills restrain the market’s growth.

Furthermore, advancing healthcare infrastructure in developing countries, rising awareness for dental care, and medical tourism in emerging markets are expected to offer growth opportunities for the players operating in this market. However, shortage of skilled professionals and side effects of drill machines are major challenges impacting market growth.

Key Players

The key players operating in the surgical drills market are Medtronic plc (Ireland), Stryker Corporation (U.S.), Johnson & Johnson Services, Inc. (U.S.), Zimmer Biomet (U.S.), B. Braun Melsungen AG (Germany), Allotech Co., Ltd (South Korea), Arthrex, Inc. (U.S.), Apothecaries Sundries Mfg. Private Limited. (India), CONMED Corporation. (U.S.), 3M Company (U.S.), MicroAire Surgical Instruments LLC (U.S.), adeor medical AG. (Germany), Brasseler USA (U.S.), and Joimax GmbH (Germany).

Surgical Drills Market: Future Outlook

The surgical drills market is segmented based on product type, type, application, end user, and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product type, the surgical drills market is segmented into instruments and consumables & accessories. In 2024, the instruments segment is expected to account for the largest share of the surgical drills market. The large market share of this segment can be attributed to the increasing product launches and approvals for surgical drills, increasing healthcare infrastructure, and technological advancements in surgical drills such as increasing efficiency, high precision, portable surgical drills, in-depth measurement with console for monitoring blood loss, and high-speed rotation with speed adjustability. Other factors such as the rising incidence of accidental injuries and rising healthcare expenditures also support the large share of this segment.

Based on type, the surgical drills market is segmented into reusable and disposable. In 2024, the reusable segment is expected to account for the largest share of the surgical drills market. The large market share of this segment can be attributed to the advantages provided by reusable surgical drills such as cost effectiveness, high durability, environmentally sustainability, high reliability, and high consistency. Other advantages such as less supply chain dependency in accessories and consumables, less healthcare cost, compliance with health care regulations, and multiple times use after proper sterilization also support the market growth of the reusable segment.

Based on application, the surgical drills market is segmented into orthopedic surgery, neurosurgery, dental surgery and ear, nose, throat surgery. In 2024, the orthopedic surgery segment is expected to account for the largest share of the surgical drills market. The large market share of this segment can be attributed to the rising cases of orthopedic cases and other bone related cases such as spinal cord injury, knee injury, and joints replacements.

Based on end user, the surgical drills market is segmented into hospitals & clinics, ambulatory surgical centers (ASC), dental care clinics, and academic institutes. In 2024, the hospitals & clinics segment is expected to account for the largest share of the surgical drills market. The large market share of this segment can be attributed to the rising adoption of surgical drills, increasing number of surgeries in hospitals & clinics, increasing R & D investments, and rising accidental injuries cases.

Geographic Review:

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the surgical drills market, followed by Europe and Asia-Pacific. North America’s major market share is attributed to the presence of major surgical drills manufacturers, rising demand for dental care, increasing cancer tumor surgery cases in the region. According to the American Cancer Society (ACS), in 2023, there were about 25,400 malignant tumors cases of the spinal cord and brain in the U.S., including both adults and children’s.

However, Asia-Pacific is projected to register the highest CAGR during the forecast period.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6098

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of product type, type, application, end user, and region/country?
What was the historical market size for surgical drills across the globe?
What are the market forecasts and estimates for 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the surgical drills market?
Who are the major players operating in the surgical drills market?
What is the competitive landscape like, and who are the market leaders in the surgical drills market?
What are the recent developments in the surgical drills market?
What are the various strategies adopted by major players in the surgical drills market?
What are the geographical trends and high-growth regions/countries?

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Redding, California - November 14, 2024

Surgical Drills Market to be Worth $1.71 Billion by 2031

Surgical Drills Market Size, Share, Forecast, & Trends Analysis by Product (Instruments [Pneumatic, Electric, Battery Powered, Consumables], Type (Reusable, Disposable), Application (Orthopedic, Neurosurgery, Dental, ENT), and End User - Global Forecast to 2031

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