Acknowledging the kind of traction gained by this market, Industry data Analytics recently published a study report asserts the global High Speed Surgical Drill Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 3.4% during the review period (2022 to 2027).
Growing numbers of surgical procedures across the world is main aspect driving growth of global high speed surgical drill market. Surgical procedures are increasing now days in developed as well as developing economies owing to numbers of accidents, sport injuries, dental surgery, and orthopedic surgery. These numerous surgeries are due to a high incidence of dental disorders, orthopedic diseases and other chronic conditions where surgery is recommended as mandatory. These aspects are creating huge demand for the surgical drills in turn which is driving growth of market. Furthermore, rising access to health care facilities across the world is another aspect expected to fuel growth of global market during the forecast period 2022-2027.
Based on product type, electric high speed surgical drill segment is leading with more than 49% in previous year and the pneumatic high-speed surgical drill product is anticipated to grow over the forecast period at moderate CAGR. Growing adoption of pneumatic high-speed surgical drills by numerous end users worldwide in order to perform orthopedic and neurosurgeries is main factor driving growth of segment.
Industry News:
December 1, 2021: Johnson & Johnson Medical Devices Companies* announced that DePuy Synthes**, acting through its affiliate, Synthes GmbH, has acquired the Israeli company, OrthoSpin, Ltd. OrthoSpin developed and manufactures a first-of-its kind technology – an automated strut system – which is used in conjunction with DePuy Synthes MAXFRAME™ Multi-Axial Correction System, an external ring fixation system. This acquisition is a clear example of Johnson & Johnson’s continued commitment to advancing innovation in the medtech space.
The High Speed Surgical Drill Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Johnson & Johnson, Medtronic, Brasseler, Conmed, Adeor, Nouvag, Stryker, Aesculap, Aygun, DeSoutter Medical, Smith & Nephew and others.
High Speed Surgical Drill Market is segmented based on the Type, applications, companies and regions.
High Speed Surgical Drill in Healthcare Market by Type
High Speed Surgical Drill in Healthcare Market by Application
Europe constitutes a share of more than 24% of the global market in previous year. Presence of key operating players in the countries of the region is anticipated to help the development of the Europe market in the coming years of the forecast period. Asia Pacific Market is estimated to grow at a CAGR of 4% over the forecast period. Latin America market is anticipated to grow at a CAGR of moderate range.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 3.4% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | Johnson & Johnson, Medtronic, Brasseler, Conmed, Adeor, Nouvag, Stryker, Aesculap, Aygun, DeSoutter Medical, Smith & Nephew |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 112 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The High Speed Surgical Drill Market is studied from 2017 - 2027.
What is the growth rate of High Speed Surgical Drill Market?
The High Speed Surgical Drill Market is growing at a CAGR of 3.4% over the next 5 years.
Who are the leading key players in High Speed Surgical Drill Market?
Johnson & Johnson, Medtronic, Brasseler, Conmed, Adeor, Nouvag, Stryker, Aesculap, Aygun, DeSoutter Medical, Smith & Nephew
What regions regions does this High Speed Surgical Drill Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant Types of High Speed Surgical Drill Market?
Pneumatic High-Speed Surgical Drill, Electric High-Speed Surgical Drill
What are the significant Application of High Speed Surgical Drill Market?
Dentistry, Orthopedics, Neurosurgery, Other
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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