Overview:

The global high speed surgical drill market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. High speed surgical drill is nothing but a tool equipped with a driving tool or cutting tool attachment, preferably a driver bit or drill bit. This tool is commonly used for boring holes and for fastening the two or more constituents together by using fasteners. It has medical applications and is used during the various surgical procedures such as the orthopedic, ENT, dental, plastic surgery, and others.

Market Dynamics:

Growing number of surgical procedures across the globe is a major factor driving growth of the global high speed surgical drill market. Surgical procedures are increasing in developed as well as emerging economies owing to increasing number of road accidents, sport injuries, dental surgery, and orthopedic surgery. These factors are creating huge demand for the surgical drills which in turn is driving growth of the global market. Additionally, rising access to health care facilities across the globe is another factor fueling growth of the global market.

In addition, increased healthcare expenditure is another factor anticipated to boost growth of the global market in the near future. Developed economies across the globe such as U.S., Canada, Germany, and U.K. are spending huge amount of money on healthcare each year. This is owing to increasing awareness among the individuals about the healthcare.

Key Trends:

Rising focus on development of skilled professionals among key players across the globe is a key trend observed in the global high speed surgical drill market and is expected to drive the market growth over the forecast period. For instance, in the year 2015, Department of Surgery at Massachusetts General Hospital has launched Global Surgery Initiative (GSI) to establish international partnerships that may support and enhance medical technologies and surgical efficiency.

Regional Analysis:

For detailed understanding of market dynamics, the global high speed surgical drill market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is accounted for the highest revenue share in the year 2018, owing to high acceptance and penetration of minimally invasive therapies for various surgical treatments. In addition, availability of skilled professionals and high market presence of key players in countries in the region is propelling growth of the target market in the region.

Furthermore, Asia Pacific is expected to witness highest growth over the forecast period owing to rising development in healthcare sector and growing number of hospitals in countries such as India and China.

Scope of the Report:

Detailed Segmentation:

Global High Speed Surgical Drill Market, By Type:

• Pneumatic High-Speed Surgical Drill
• Electric High-Speed Surgical Drill

Global High Speed Surgical Drill Market, By Application:

• Dentistry
• Orthopedics
• Neurology
• Other Application

Key Players Covered:

Key players operating in the global high speed surgical drill market includes, Johnson & Johnson, Medtronic Plc, Brasseler, Conmed Corporation, adeor Medical AG, Nouvag AG, Stryker Corporation, Aesculap Inc., De Soutter Medical Ltd., and Smith & Nephew Plc.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global High Speed Surgical Drill Market by type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global high speed surgical drill market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.