Surgical Drill Market to Reach $1.52 Bn, Globally, by 2031 at 4.4% CAGR: Allied Market Research

6 min


0

Rise in incidences of road accidents and increase in number of surgical operations drive the growth of the global surgical drill market.

PORTLAND, Ore., Aug. 3, 2022 /PRNewswire/ — Allied Market Research published a report, titled, Surgical Drill Market by Product (Instrument, Accessories), by Application (Orthopedic Surgery, Neurosurgery, Ear Nose Throat, Dental Surgery, Others), by End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.’ According to the report, the global surgical drill industry was estimated at $983.55 million in 2021, and is anticipated to hit $1.52 billion by 2031, registering a CAGR of 4.4% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape. The market study is exclusively meant to help the readers with a complete valuation of industry analysis and trends.

Allied Market Research Logo

Pre-determinant of growth-

Rise in incidences of road accidents and increase in number of surgical operations drive the growth of the global surgical drill market. Moreover, surge in R&D activities in terms of advancements in surgical drills, product launch, and product approvals have supplemented the growth yet more. At the same time, growing geriatric population across the world has created multiple opportunities for the key players in the industry.

Download Sample Report – https://www.alliedmarketresearch.com/request-sample/17471

Impact of Covid-19 on Surgical Drill Market-

  • Implementation of lockdown in most countries gave way to disruptions in the supply chain. The entire healthcare industry chose to focus on Covid-19-related products, which had a sheer adverse impact on the global surgical drill market, especially during the initial phase.
  • Furthermore, the majority of elective surgeries were either canceled or postponed, which declined the demand for surgical drills altogether.
  • Nevertheless, the healthcare sector has been restructured to provide safer healthcare facilities and the market for surgical drills has also started getting back on track.

Get detailed COVID-19 impact analysis on the Surgical Drill Market – 
https://www.alliedmarketresearch.com/request-for-customization/17471?reqfor=covid

The instrument segment to dominate by 2031-

Based on product, the instrument segment held nearly two-thirds of the global surgical drill market revenue in 2021, and is expected to lead the trail by 2031, due to advancements in surgical drill and increasing prevalence of dental disorders across the world. The accessories segment, nevertheless, would manifest the fastest CAGR of 4.8% from 2022 to 2031. Increase in number of surgeries and product launches fuels the segment growth.

The orthopedic surgery segment to rule the roost-

Based on application, the orthopedic surgery segment generated the major share in 2021, holding more than two-fifths of the global surgical drill market. The same segment would also cite the fastest CAGR of 5.0% by 2031. This is owing to increase in prevalence of bone disorders and rise in incidence of road accidents.

The hospitals segment to maintain the lion’s share-

By end-user, the hospitals segment contributed to more than half of the global surgical drill market share in 2021, and is expected to retain its dominance by 2031. The same segment is also expected to exhibit the fastest CAGR of 4.7% from 2022 to 2031. This is attributed rise in number of hospitals and surge in demand for advanced treatment.

For Purchase Inquiry – https://www.alliedmarketresearch.com/purchase-enquiry/17471

North America garnered the major share in 2021-

Based on region, North America held the major share in 2021, generating more than two-fifths of the global surgical drill market. Increase in product launches in the region and the presence of key players along with well-established healthcare infrastructure fuel the market growth. Asia-Pacific, simultaneously, would garner the fastest CAGR of 6.3% by 2031. This is due to rise in incidence of road accidents, developments in healthcare infrastructure, and high population base across the province.

Key players in the industry-

  • Allotech Co., Ltd
  • Arthrex Inc
  • Brasseler USA
  • Sofemed
  • Zimmer Biomet Holdings, Inc.
  • ClearPoint Neuro, Inc.
  • ConMed Corporation
  • GPC Medical Ltd.
  • Johnson & Johnson
  • Joimax Inc.
  • Marver Med
  • De Soutter Medical Ltd
  • Adeor Medical AG
  • B Braun Melsungen AG
  • Medtronic plc
  • MicroAire Surgical Instruments, LLC.
  • Stryker Corporation

The report analyzes these key players in the global surgical drill market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

Official Press Release- https://www.alliedmarketresearch.com/press-release/surgical-drill-market.html

Similar Research Reports for Information, Communication and Technology:

Pulse Oximeters Market- Global Opportunity Analysis and Industry Forecast, 2021–2030

Medical Tourism Market- Global Opportunity Analysis and Industry Forecast, 2021–2030

Hemostats Market- Global Opportunity Analysis and Industry Forecast, 2021–2030

Neurovascular Devices Market- Global Opportunity Analysis and Industry Forecast, 2021–2030

Viral Vector and Plasmid DNA Manufacturing Market- Global Opportunity Analysis and Industry Forecast, 2021–2030

AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com

Logo: https://breaktimenews.co.uk/wp-content/uploads/2022/07/Allied_Market_Research_Logo.jpg

 


Like it? Share with your friends!

0