Medical Micro Surgical Drills Market, by Product Type (Straight Attachment Drill and Angled Attachment Drill), by Power System (Electrical Micro Drills, Battery Powered Micro Drill, and Pneumatic Micro Drill), by Application (Neurosurgery, Spinal Surgery, Microsurgery, Dental Surgery, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Medical micro surgical drills are used to create holes in the bone for the attachment of surgical pins, plates, or screws. These micro surgical drills are utilized in various surgeries such as neurosurgery, orthopedic surgery, dental surgery, spinal surgeries and others, to drill bones, teeth, and others. It is widely used in the field of dentistry to remove decay and reshape teeth in preparation for a filling. Major manufacturers operating in the medical micro surgical drills include Conmed, World Precision Instruments, Stryker Corporation, and others offers micro surgical drills such as MicroFree Surgical Small Bone Power Tools, OmniDrill35 Micro Drill, and CORE Micro Surgical Drill, respectively.
Market Dynamics
Key players in the medical devices industry are focusing on development of technologically advanced equipment, instruments, and systems for various surgical procedures. Thus, introduction of such advanced products in the market is expected to drive growth of the medical micro surgical drills market over the forecast period. For instance, in November 2018, the Stryker Corporation launched Stryker F1 Small Bone Power System, a lightweight solution for conducting surgical procedures of the extremities. The new system has been powered by SmartGRIP Technology, which enables the surgeon to operate in three procedures including micro saws, a micro drill, and a universal motor for inserting k-wires and drilling. Thus availability of the integrated surgical system, which include micro drill is expected to offer opportunities for the medical device manufacturers to develop such products.
Moreover, increasing preference of physicians for robotic surgery is expected to increase the demand for micro surgical drills, thereby driving the global medical micro surgical drills market growth. For instance, according to Association of American Medical Colleges (AAMC) in 2021, it is estimated that the physicians’ shortage could reach 122,000 physicians by 2032 in the U.S. Thus, the demand for robotic surgeries in North American and European countries is expected to increase due to rising adoption of minimally invasive surgeries by physicians, which speeds up the process of surgery and helps in reducing the surgery cost. Moreover, lack of skilled professionals is expected to increase the adoption rate of robotic surgeries.
Key features of the study:
This report provides in-depth analysis of the medical micro surgical drills market, market size (US$ Million) and compound annual growth rate (CAGR (%)) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global medical micro surgical drills market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include Rohanika Medical, GPC, De Soutter Medical, Biochrom, Millennium Surgical, Phoenix Surgical, Medtronic, StrenuMed, Synergy Medical Technologies, B. Braun Melsungen AG, Nouvag, Stryker Corporation, and Johnson & Johnson
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, end user upgrades, market expansion, and marketing tactics
The global medical micro surgical drills market report caters to various stakeholders in this industry, including investors, drug/product manufacturers, distributors and suppliers for medical micro surgical drills market, research and consulting firms, new entrants, and financial analysts
Various strategy matrices used in analyzing the medical micro surgical drills market would provide stakeholders vital inputs to make strategic decisions accordingly
Detailed Segmentation:
Global Medical Micro Surgical Drills Market, By Product Type :
Straight Attachment Drill
Angled Attachment Drill
Global Medical Micro Surgical Drills Market, By Power System:
Electrical Micro Drill
Battery Powered Micro Drill
Pneumatic Micro Drill
Global Medical Micro Surgical Drills Market, By Application:
Neurosurgery
Spinal Surgery
Microsurgery
Dental Surgery
Others
Global Medical micro surgical drills market, By Region:
North America
By Product Type:
Straight Attachment Drill
Angled Attachment Drill
By Power System
Electrical Micro Drill
Battery Powered Micro Drill
Pneumatic Micro Drill
By Application
Neurosurgery
Spinal Surgery
Microsurgery
Dental Surgery
Others
By Country:
U.S.
Canada
Europe
By Product Type:
Straight Attachment Drill
Angled Attachment Drill
By Power System
Electrical Micro Drill
Battery Powered Micro Drill
Pneumatic Micro Drill
By Application
Neurosurgery
Spinal Surgery
Microsurgery
Dental Surgery
Others
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
Asia Pacific
By Product Type:
Straight Attachment Drill
Angled Attachment Drill
By Power System
Electrical Micro Drill
Battery Powered Micro Drill
Pneumatic Micro Drill
By Application
Neurosurgery
Spinal Surgery
Microsurgery
Dental Surgery
Others
By Country:
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
Latin America
By Product Type:
Straight Attachment Drill
Angled Attachment Drill
By Power System
Electrical Micro Drill
Battery Powered Micro Drill
Pneumatic Micro Drill
By Application
Neurosurgery
Spinal Surgery
Microsurgery
Dental Surgery
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
By Product Type:
Straight Attachment Drill
Angled Attachment Drill
By Power System
Electrical Micro Drill
Battery Powered Micro Drill
Pneumatic Micro Drill
By Application
Neurosurgery
Spinal Surgery
Microsurgery
Dental Surgery
Others
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Straight Attachment Drill
Angled Attachment Drill
By Power System
Electrical Micro Drill
Battery Powered Micro Drill
Pneumatic Micro Drill
By Application
Neurosurgery
Spinal Surgery
Microsurgery
Dental Surgery
Others
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
Rohanika Medical*
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Future Plans
GPC
De Soutter Medical
Biochrom
Millennium Surgical
Phoenix Surgical
Medtronic
StrenuMed
Synergy Medical Technologies
B. Braun Melsungen AG
Nouvag
Stryker Corporation
Johnson & Johnson
“*” marked represents similar segmentation in other categories in the respective section
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