Medical Micro Surgical Drills Market Analysis (2020-2027)

1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

2. MEDICAL MICRO SURGICAL DRILLS MARKET ANALYSIS(2020-2027) • 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, 2020 - 2027

3. Medical micro surgical drills are the surgical tools/instruments used by the surgeons to drill bones and tooth. These drilling tools are generally used in neurosurgeries, spinal surgeries, and dental surgeries. Rising number of the patient population with the neurological disorder, spinal disorder, and others are expected to increase number of open surgeries and minimally invasive surgeries. Thus, it offers opportunity for various manufactures such as Stryker Corporation, B.BarunMelsungen AG, and others, to offer innovative micro surgical drills for allowing the surgeons to perform such surgeries more efficiently. • The global medical micro surgical drills market is estimated to be valued at US$ 233.7 million in 2020 and is expected to exhibit a CAGR of 5.8% over the forecast period (2020-2027).

4. Figure 1. Global Medical Micro Surgical Drills Market Value (US$ Mn) & Y-o-Y Growth Analysis, (2016-2027)

5. Increasing incidence of the orthopedic disorders and dysfunctions are expected to drive the medical micro surgical drills market. • The increasing incidence of articular cartilage injuries is expected to drive growth of the medical micro surgical drills market over the forecast period. For instance, according to the data published by National Center for Biotechnology Information (NCBI) in 2019, during the period from 2003 to 2015, around 7,522 cartilage restoration procedures have been reported by the surgeons in the U.S. This increasing articular cartilage injuries is leading to increasing number of articular cartilage restoration procedures, which include microfracture, drilling, abrasion arthroplasty, and other procedures.

6. Emergence of the newly advanced surgical and minimally invasive technique for the treatment of orthopedic diseases is expected to drive the growth of the medical micro surgical drills market. • Biologic augmented microdrilling (BAM) is the new minimally invasive technique for cartilage regeneration. It is an outpatient procedure, in which damaged knee cartilage is infused with stem cells derived from bone marrow to promote regeneration and improve symptomatic pain and stiffness. The procedure include microdrilling surgery (initially) followed by the biologic injections and physical therapy. Thus, such new and advanced techniques is expected to drive demand for surgical micro drills by the surgeons. It is a novel alternative to total knee replacement (TKR) surgery.

7. Global Medical Micro Surgical Drills Market- Restraints • However, disadvantages associated with microdrilling surgery is expected to hinder the market growth over the forecast period. For instance, in the treatment of large, full-thickness chondral lesions in the knee, microdrilling surgery is performed, but this increases the cost burden on the patients, as it requires a large number of post-operative bone marrow aspiration and knee injections, which are not covered by the medical insurance. This has led to low demand for micro surgical drills in emerging economies in regions such as Latin America, Middle East, and Africa, as microdrilling surgical procedures are very expensive for the patient population in such regions.

8. Global Medical Micro Surgical Drills Market- Regional Analysis • On the basis of region, the global medical micro surgical drills market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. • Among regions, North America is expected to hold a dominant position in the global medical micro surgical drills market over the forecast period. Increasing prevalence of the neurological disorders is contributing to growth of the micro surgical drills market in North America region. For instance, according to the American Neurological Association (ANA) in March 2017, every year, neurological diseases affect around 100 million peoples in the U.S. These significant number of the patients with one of the neurological disorder is expected to increase the number neurosurgeries in the U.S. thereby driving demand for medical micro surgical drills in the U.S.

9. Moreover, Europe medical micro surgical drills market is expected to witness significant growth over the forecast period, owing to presence of various research institutes who are engaged in conducting research studies to develop microsurgical drilling tools. For instance, researcher at Aston University, Birmingham UK, are engaged in conducting a research study to develop a series of micro-drilling devices (robotic surgical micro-drill), to achieve consistent and precise results. The system is being developed specifically to conduct precise cochleostomies.  

10. Figure 2: Global Medical Micro Surgical Drills Market Value Share (%), By Region (2020 & 2027)

11. Global Medical Micro Surgical Drills Market- Competitive Landscape • Key players operating in the global medical micro surgical drills market 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.

12. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now Reference: https://www.coherentmarketinsights.com/market-insight/medical-micro-surgical-drills-market-3796

13. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

14. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

15. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/