The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Surgical Drill Global Market Report 2024, the surgical drill market is expected to show significant growth in the forecast period.

Introduction: A Surge in Surgical Drill Market

• Recent Growth Spurt: Market size reached $1.15 billion in 2023, set to hit $1.23 billion in 2024.
• Factors Driving Growth: Initial market expansion, healthcare spending trends, robotics integration, regulatory framework establishment, R&D initiatives.

Projecting Strong Growth: Forecasts and Trends

• Growth Outlook: Anticipated rise to $1.55 billion in 2028 at a CAGR of 6.0%.
• Forecast Drivers: Global market penetration, increased healthcare spending, robotics integration, regulatory compliance, R&D investments.
• Emerging Trends: Increased surgical procedures, geriatric population rise, demand for minimally invasive surgeries, portability and ergonomics, R&D focus.

Rising Surgical Procedure Rates Fueling Growth In The Surgical Drill Market

• Surgical Procedure Surge: Expected to drive market growth.
• Utilization in Surgeries: Widely used in various surgical procedures.
• Example: Surge in joint replacement procedures reported in 2021.

View More On The Surgical Drill Market Report 2024 – https://www.thebusinessresearchcompany.com/report/surgical-drill-global-market-report

Key Players in the Surgical Drill Market

• Major Companies: Braun Melsungen AG, Medtronic PLC, Stryker Corporation, and more.
• Diverse Offerings: Providing a range of surgical drill solutions.

Advancements In Surgical Drill Technology With The Evolution Of The Shrill Shaver Drill System

• Innovation Drive: Companies developing advanced technologies like the shrill shaver drill system.
• Features: Designed for soft tissue and bone removal, effective in treating degenerative spine stenosis.
• Example: Launch of a new generation shrill shaver drill system by Joimax GmbH in June 2021.

Klingel Medical Metal Expands Its Medtech Manufacturing Footprint With Acquisition Of Ruetschi Technology

• Acquisition Details: Klingel Medical Metal GmbH acquired Ruetschi Technology AG in January 2022.
• Strategic Move: Strengthening Klingel’s position in European MedTech manufacturing.
• Ruetschi Technology: Specializes in manufacturing surgical cutting tools.

Segmentation of the Surgical Drill Market

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

Regional Dynamics

• North America: Dominated the market in 2023.
• Asia-Pacific: Expected to witness the fastest growth in the forecast period.

Conclusion: A Promising Trajectory Ahead

• The surgical drill market is poised for robust growth driven by technological advancements, rising surgical procedure rates, and strategic industry moves.
• With innovative solutions and expanding market reach, the future of surgical drills appears promising, catering to the evolving needs of the healthcare industry globally.

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