Surgical Drill Market Growth Trajectory Through 2024-2033

The Surgical Drill Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Surgical Drill Global Market Report 2024, The surgical drill market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to initial market expansion, healthcare spending trends, pioneering robotics integration, regulatory framework establishment, early-stage research & development..

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..

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.

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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

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.

The surgical drill market report table of contents includes:

1. Executive Summary
2.Surgical Drill Market Characteristics
3. Surgical Drill Market Trends And Strategies
4.Surgical Drill Market analysis
5.Surgical Drill Market Size And Growth
6.Surgical Drill Segmentation
7.Surgical Drill Regional And Country Analysis
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27.Surgical Drill Competitive Landscape And Company Profiles
28.Surgical Drill Key Mergers And Acquisitions
29.Surgical Drill Future Outlook and Potential Analysis

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