About High Speed Surgical Drill
The high-speed surgical drill is the electric and pneumatic power system for the spine, neuro departments, and other surgeries. It has addressed some of the important requirements which a surgeon wants. It is used by not only surgeons but also the parties which are involved in the power system handling in the hospital. Increasing surgeries has led to significant growth of the global high-speed surgical drill market in the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global High Speed Surgical Drill market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
De Soutter Medical (United States), Brasseler USA (United States), Aygun Surgical Instruments (Turkey), Nouvag AG (Switzerland), Medtronic (Ireland), Smith & Nephew (United Kingdom), Aesculap, Inc. (United States), Johnson and Johnson (United States) and Stryker Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Conmed (United States), adeor Medical AG (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global High Speed Surgical Drill market by Type (Electric and Pneumatic), Application (Neurology, Orthopedics, Dentistry, Spinal, Cranial and Others) and Region.
On the basis of geography, the market of High Speed Surgical Drill has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Government Hospitals will boost the High Speed Surgical Drill market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Healthcare Infrastructure in Emerging Economies
Market Growth Drivers:
Increased healthcare Expenditure by Various Countries and Growing Number of Surgical Procedures, and Increasing Access to Healthcare Facilities across the Globe
Challenges:
Insufficient Quality Assurance
Restraints:
High Cost Associated with High-Speed Surgical Drill
Opportunities:
Increasing Medical Tourism across the world
Market Leaders and their expansionary development strategies
In March 2023, Stryker announced the launch of its CD NXT System, the latest innovation in the company's power tools. The patented technology provides real-time depth measurement as the surgeon drills, allowing for fast, accurate, consistent digital depth measurement across various procedures.
In 2021, ClearPoint Neuro, Inc. announced the partnership with adeor medical AG, a European surgical equipment leader for powered neurosurgical drill solutions. Under the partnership, ClearPoint Neuro will distribute adeor’s FDA-cleared Velocity Alpha high-speed surgical drill system in the United States. adeor’s high-speed surgical drill system can be used for cranial and spinal procedures.
In 2020, Medtronic announced the FDA approval of its navigated interbody high-speed drills. Medtronic's high-speed surgical drills are used in minimally invasive spinal procedures, cranial and other surgical procedures.
Key Target Audience
High-Speed Surgical Drill Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.