Market Overview:
The global drill surgical power tool market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for minimally invasive surgeries and rising number of hospitals and clinics across the globe. Based on type, the global drill surgical power tool market is segmented into battery powered and electric powered. The electric powered segment is expected to hold a larger share of the market in 2018 owing to its advantages such as high torque, precision, and reliability over battery powered drills. However, with technological advancements in batteries, the battery powered segment is projected to grow at a higher CAGR during the forecast period. Based on application, the global drill surgical power tool market is divided into hospital, clinic, and others (including research institutes and training centers).
Product Definition:
A drill surgical power tool is a handheld device that uses rotational energy to cut or remove material. It is important for many surgical procedures because it allows surgeons to quickly and precisely remove small pieces of tissue.
Battery Powered:
Battery powered surgical power tools market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing demand for minimally invasive surgeries, growing geriatric population base and rising prevalence of chronic diseases such as cancer & diabetes. According to statistics published by WHO in 2012, approximately 8.2 million people died due to cardiovascular disorders which accounts for 31% of global deaths that year and around 23% of deaths worldwide were due to stroke or heart-related conditions.
Electric Powered:
Electric powered and it's usage in drill surgical power tool market is expected to witness significant growth over the forecast period. The major factor that propels the growth of electric powered and its usage in drill surgical power tool market is increasing demand for minimally invasive surgeries. Minimally invasive surgeries are less traumatic, have shorter recovery time, reduced risk of infection & complications & provide better cosmetic results than open surgery.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. The other applications include surgical theaters, operating theaters and intensive care units (ICUs). Increasing number of surgeries and rising prevalence of chronic diseases are the major factors driving the demand for these devices in clinics and hospitals across various regions. According to WHO, around 1 billion people suffer from chronic diseases worldwide which is expected to increase by another 2 billion by 2030 increasing the global disease burden. This is also projected to fuel product demand during the forecast period.
Regional Analysis:
North America dominated the global drill surgical power tool market in 2017. The increasing number of minimally invasive surgeries and rising awareness about associated benefits are expected to drive the demand for these tools over the forecast period. In addition, growing healthcare infrastructure and high adoption rate of advanced technologies are also likely to contribute toward regional growth over the next six years.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to factors such as improving healthcare facilities, increasing patient awareness levels regarding available options for treatment, rising medical tourism due to availability of affordable treatments in this region as compared to developed economies and last but not least; an increase in drilling procedures due tomobility issues & pain relief post-surgery is driving this regional market forward rapidly than other regions during 2016-2017. Moreover, a large population base suffering from chronic disorders coupled with low per capita income offers huge potential markets for DDP surgery providers thus creating opportunities for industry players operating within Asia Pacific region (APAC).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 7.8% from 2016 to 2021. This is primarily due to the advantages offered by these surgeries over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Drill surgical power tools are extensively used in minimally invasive surgeries, making them a key growth driver for the drill surgical power tool market.
- Rising prevalence of chronic diseases: The incidence of chronic diseases such as cancer, heart disease, and diabetes is on the rise globally due to changing lifestyles and increasing population aging rates. These diseases are often treated with surgery, which requires the use of drill surgical power tools. Thus, the rising prevalence of chronic diseases is another major growth driver for this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Drill Surgical Power Tool Market Research Report
By Type
Battery Powered, Electric Powered
By Application
Hospital, Clinic, Others
By Companies
B Braun, Johson & Johson, Medtronic, Stryker, DeSoutter Medical, Novag, Aygun Surgical Instruments, Allotech, Zimmer Biomet, Exactech, IMEDICOM
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Drill Surgical Power Tool Market Report Segments:
The global Drill Surgical Power Tool market is segmented on the basis of:
Types
Battery Powered, Electric Powered
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- B Braun
- Johson & Johson
- Medtronic
- Stryker
- DeSoutter Medical
- Novag
- Aygun Surgical Instruments
- Allotech
- Zimmer Biomet
- Exactech
- IMEDICOM
Highlights of The Drill Surgical Power Tool Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Battery Powered
- Electric Powered
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Drill Surgical Power Tool Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A drill surgical power tool is a type of power tool that is used for drilling. It has a rotating drill bit that can be turned by the user to create holes in various materials.
Some of the major companies in the drill surgical power tool market are B Braun, Johson & Johson, Medtronic, Stryker, DeSoutter Medical, Novag, Aygun Surgical Instruments, Allotech, Zimmer Biomet, Exactech, IMEDICOM.
The drill surgical power tool market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Drill Surgical Power Tool Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Drill Surgical Power Tool Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Drill Surgical Power Tool Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Drill Surgical Power Tool Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Drill Surgical Power Tool Market Size & Forecast, 2020-2028
4.5.1 Drill Surgical Power Tool Market Size and Y-o-Y Growth
4.5.2 Drill Surgical Power Tool Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Battery Powered
5.2.2 Electric Powered
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Drill Surgical Power Tool Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Drill Surgical Power Tool Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Battery Powered
9.6.2 Electric Powered
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Battery Powered
10.6.2 Electric Powered
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Battery Powered
11.6.2 Electric Powered
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Battery Powered
12.6.2 Electric Powered
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Battery Powered
13.6.2 Electric Powered
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Drill Surgical Power Tool Market: Competitive Dashboard
14.2 Global Drill Surgical Power Tool Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 B Braun
14.3.2 Johson & Johson
14.3.3 Medtronic
14.3.4 Stryker
14.3.5 DeSoutter Medical
14.3.6 Novag
14.3.7 Aygun Surgical Instruments
14.3.8 Allotech
14.3.9 Zimmer Biomet
14.3.10 Exactech
14.3.11 IMEDICOM
