Surgical Drills Market 2018-2026 | Size, Share and Forecast | Credence Research

The Surgical Drills Market was valued at USD 419.9 million in 2017 and is expected to reach USD 636.0 million by 2026, expanding at a CAGR of 4.6% from 2018 to 2026.

According to the latest report published by Credence Research, Inc. "Surgical Drills Market Growth, Future Prospects and Competitive Analysis, 2018-2026," the Surgical Drills Market was valued at USD 419.9 million in 2017 and is expected to reach USD 636.0 million by 2026, expanding at a CAGR of 4.6% from 2018 to 2026.

Market Insights
Surgical drills have multiple applications and their design varies depending on the application. Over this decade, surgical drills are in enormous demand as most crucial surgeries require these drills, an efficient technological evolution has been observed in surgical drills. Infections of the surgical site were initially of major concern, especially during surgeries that required drilling. The initial designs of surgical drills were based on domestic drilling machines that carried a huge risk of bone & tissue damage along with post-surgery infections. Over time, however, the surgical drills have changed dramatically and have been available in various designs and well-equipped with a wide range of accessories. The key factors responsible for the growth of the market for surgical drills are ongoing development of surgical drill technology, increasing awareness of surgical treatment, and upgrading of healthcare infrastructure & equipment in developing countries from Asia, Africa, & South America.

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Surgical drills are segmented based on products such as pneumatic drills, electrical drills, battery-powered drills, and accessories. Pneumatic drills were identified as the largest segment in 2017 due to key market driving factors such as rising prevalence of chronic diseases and traumatic conditions, pneumatic drills are comparatively lower back end costs compared to other drills, and it is the most ideal surgical drill for dental / oral surgery as it provides superior torque compared to battery-powered drills.

In the case of several applications provided by surgical drills, orthopedic application dominated the market in 2017 due to major factors responsible for this segment's growth are increasing prevalence of orthopedic diseases & trauma injuries, and significant demand for orthopedic implants whose ideal placement is assisted by surgical drills. According to the American Association of Orthopedic Surgeons, by 2030 demand for primary knee arthroplastics is projected to grow by 4.5 percent and reach 3.48 million procedures in the United States. Thus, the surgical drills market with specific growth throughout the forecast period to meet such enormous demand.

North America identified as the largest surgical drills market due to high patient & physician awareness related to safety & efficiency of surgical drills, and developed healthcare infrastructure along with highly accessible technologically enhanced surgical drills.

Market Competition Assessment:

The growth of surgical drills is at steady pace and major market players are building strategies on development of drills that will provide efficient and cost-effective products. The major surgical drill manufacturers present in the surgical drills market are Stryker Corporation, Zimmer Biomet Holdings, Inc., Medtronic plc, DePuy Synthes, CONMED Corporation, and B.Braun Melsungen AG among others.

Key Market Movements:

Rising prevalence of chronic orthopedic, dental and neurological diseases assisting the growth of surgical drills
Technological advancements in the surgical drills are incessantly carried out due to increasing demand of efficient surgical drills to prevent post-surgery complications
Asia Pacific will be remain as the fastest growing surgical drills market due to developing healthcare infrastructure, and growing medical tourism industry coupled with increasing number of hospitals

Chapter 3. Global Surgical Drills Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Drivers
3.2.1. Rising prevalence of chronic diseases assisting the growth of various surgeries carried out such as orthopedic surgery, dental surgery & neurosurgery
3.2.2. Incessant development in the technology and manufacturing material of surgical drills
3.3. Challenges
3.3.1. Increasing cases reported related to the post-surgery complications associated with surgical drills
3.4. Opportunities
3.4.1. Mounting awareness related to the selection of surgical drill based on specific application coupled with modern accessories & features
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Landscape
3.6.1. Competitive Landscape, by Key Players, 2017

Chapter 4. Global Surgical Drills Market, by Type of Product, 2016 2026 (US$ Mn)
4.1. Overview
4.2. Pneumatic Drills
4.3. Electric Drills
4.4. Battery Powered Drills
4.5. Accessories

Chapter 5. Global Surgical Drills Market, by Application, 2016 2026 (US$ Mn)
5.1. Overview
5.2. Orthopedic Surgery
5.3. Neurosurgery
5.4. ENT Surgery
5.5. Dental Surgery
5.6. Other Surgeries
Chapter 7. Company Profiles
7.1. Stryker Corporation
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Zimmer Biomet Holdings, Inc.
7.3. Medtronic plc
7.4. DePuy Synthes
7.5. De Soutter Medical
7.6. CONMED Corporation
7.7. adeor medical AG
7.8. Arthrex, Inc.
7.9. AlloTech Co.Ltd.
7.10. B.Braun Melsungen AG
.........................toc continued

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