Market Overview:
The global electric surgical drills market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising number of surgical procedures. In addition, the growing geriatric population is also contributing to the growth of this market. Based on type, the global electric surgical drills market can be segmented into wired type drills and wireless type drills. The wired type drill segment is expected to dominate the global electric surgical drills market during the forecast period owing to its low cost and easy availability as compared to wireless type drill segments. However, with technological advancements, wireless type drill segments are gaining popularity due their features such as portability and reduced infection risk. Based on application, hospitals are expected to account for a major share of the global electric surgical drills market duringthe forecast period owingto increase in numberof minimally invasive surgeries being performed in these settings . However, with increasing demand for minimally invasive surgeriesin ASCsand clinics , these settings are also projectedtogrow at a faster rate than hospitalsduringthe forecastperiod .
Product Definition:
Electric surgical drills are used to create holes in bones or other hard surfaces. They are often used in surgery to make small openings in bones so that screws, pins, or plates can be inserted to hold the bone together.
Wired Type Drills:
Wired type drills are used in various surgical procedures and are more accurate, efficient & faster than their counterparts. The factors that propel the growth of this market include increasing geriatric population base coupled with rising prevalence of chronic disorders such as cardiovascular diseases, cancer & diabetes. In addition, growing demand for minimally invasive surgeries is also expected to drive the market during the forecast period.
Furthermore, technological advancements by key players in this industry further boost its growth potential.
Wireless Type Drills:
Wireless type drills are used in electric surgical drills to provide wireless remote control facility. It is a small device which is connected by radio frequency or Bluetooth to the medical equipment such as operating table, computer system, and other devices. Wireless type drill has the ability to send pre-programmed set of codes through its transceiver into the medical equipment which can be used for performing surgeries without any interruption.
Application Insights:
Based on application, the global electric surgical drills market is segmented into hospitals, ASCs and clinics. The ASCs and clinics segment dominated the market in 2017 owing to rising awareness about minimally invasive procedures among surgeons. Minimally invasive surgeries involve the use of surgical tools such as electric surgical drills that help in reducing trauma to soft tissue while providing accurate rotational speeds and torque for effective surgery. Thus, increasing number of minimally invasive surgeries being performed across various healthcare facilities has contributed significantly towards segment growth over recent years.
The hospital segment is expected to witness significant growth over the forecast period due to growing demand for laparoscopic gallbladder removal procedures among other general abdominal surgeries that require access through small incisions (less than 5cm).
Regional Analysis:
North America dominated the global electric surgical drills market in 2017. This can be attributed to factors such as increasing demand for minimally invasive surgeries, rising geriatric population, and technological advancements. For instance, according to a study published by National Center for Health Statistics (NCHS), in U.S., around 1 million hysterectomies were performed in women between the age of 45-49 years which is approximately one quarter of all women undergoing this procedure within that age group annually.
Asia Pacific region is expected to witness lucrative growth over the forecast period owing to factors such as growing medical tourism industry.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Electric surgical drills are increasingly being used for performing minimally invasive surgeries. This is because electric surgical drills offer several advantages over traditional surgical instruments, such as less tissue damage and faster healing time.
- Growing number of elderly population: The global elderly population is growing at a rapid pace and this is expected to drive the demand for electric surgical drills in the coming years. Elderly patients are more prone to undergo surgery due to various health conditions, which will create a high demand for electric surgical drills in the near future.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, heart disease, and diabetes is increasing at a rapid pace across the world. This has led to an increase in the number of surgeries performed each year, thereby driving the growth of the electric surgical drill market worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Surgical Drills Market Research Report
By Type
Wired Type Drills, Wireless Type Drills
By Application
Hospitals, ASCs, Clinics
By Companies
Stryker Corporation, Zimmer Biomet Holdings, Medtronic, DePuy Synthes, De Soutter Medical, CONMED, adeor medial, Arthrex, AlloTech, and B.Braun Melsungen, Stryker Corporation
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
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Electric Surgical Drills Market Report Segments:
The global Electric Surgical Drills market is segmented on the basis of:
Types
Wired Type Drills, Wireless Type Drills
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
Hospitals, ASCs, Clinics
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:
- Stryker Corporation
- Zimmer Biomet Holdings
- Medtronic
- DePuy Synthes
- De Soutter Medical
- CONMED
- adeor medial
- Arthrex
- AlloTech
- and B.Braun Melsungen
- Stryker Corporation
Highlights of The Electric Surgical Drills 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:
- Wired Type Drills
- Wireless Type Drills
- By Application:
- Hospitals
- ASCs
- Clinics
- 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 Electric Surgical Drills 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?
Electric surgical drills are medical devices that use an electric motor to create a rotating motion. This motion is used to cut through tissue or bone.
Some of the major players in the electric surgical drills market are Stryker Corporation, Zimmer Biomet Holdings, Medtronic, DePuy Synthes, De Soutter Medical, CONMED, adeor medial, Arthrex, AlloTech, and B.Braun Melsungen, Stryker Corporation.
The electric surgical drills market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Surgical Drills 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 Electric Surgical Drills Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Surgical Drills 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 Electric Surgical Drills 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 Electric Surgical Drills Market Size & Forecast, 2018-2028
4.5.1 Electric Surgical Drills Market Size and Y-o-Y Growth
4.5.2 Electric Surgical Drills Market Absolute $ Opportunity
Chapter 5 Global Electric Surgical Drills 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 Electric Surgical Drills Market Size Forecast by Type
5.2.1 Wired Type Drills
5.2.2 Wireless Type Drills
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electric Surgical Drills 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 Electric Surgical Drills Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 ASCs
6.2.3 Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Surgical Drills 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 Electric Surgical Drills 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 Electric Surgical Drills Analysis and Forecast
9.1 Introduction
9.2 North America Electric Surgical Drills 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 Electric Surgical Drills Market Size Forecast by Type
9.6.1 Wired Type Drills
9.6.2 Wireless Type Drills
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 Electric Surgical Drills Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 ASCs
9.10.3 Clinics
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 Electric Surgical Drills Analysis and Forecast
10.1 Introduction
10.2 Europe Electric Surgical Drills 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 Electric Surgical Drills Market Size Forecast by Type
10.6.1 Wired Type Drills
10.6.2 Wireless Type Drills
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 Electric Surgical Drills Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 ASCs
10.10.3 Clinics
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 Electric Surgical Drills Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electric Surgical Drills 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 Electric Surgical Drills Market Size Forecast by Type
11.6.1 Wired Type Drills
11.6.2 Wireless Type Drills
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 Electric Surgical Drills Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 ASCs
11.10.3 Clinics
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 Electric Surgical Drills Analysis and Forecast
12.1 Introduction
12.2 Latin America Electric Surgical Drills 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 Electric Surgical Drills Market Size Forecast by Type
12.6.1 Wired Type Drills
12.6.2 Wireless Type Drills
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 Electric Surgical Drills Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 ASCs
12.10.3 Clinics
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) Electric Surgical Drills Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electric Surgical Drills 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) Electric Surgical Drills Market Size Forecast by Type
13.6.1 Wired Type Drills
13.6.2 Wireless Type Drills
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) Electric Surgical Drills Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 ASCs
13.10.3 Clinics
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 Electric Surgical Drills Market: Competitive Dashboard
14.2 Global Electric Surgical Drills Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Stryker Corporation
14.3.2 Zimmer Biomet Holdings
14.3.3 Medtronic
14.3.4 DePuy Synthes
14.3.5 De Soutter Medical
14.3.6 CONMED
14.3.7 adeor medial
14.3.8 Arthrex
14.3.9 AlloTech
14.3.10 and B.Braun Melsungen
14.3.11 Stryker Corporation
