Market Overview:
The global surgical drill bits 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. The global surgical drill bits market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into standard solid drill bits, cannulated drill bits, and calibrated drill bit. The standard solid drill bit segment is expected to dominate this market during the forecast period owing to its low cost and wide availability.
Product Definition:
A surgical drill bit is a small, diamond-encrusted cutting tool used in surgical procedures to make small, precise cuts. Drill bits are important because they allow surgeons to make clean and accurate incisions, which can help reduce the risk of infection and other complications.
Standard Solid Drill Bits:
The standard solid drill bit is a type of power drill bit used in hand-held power drills and electric screwdrivers. The growth factor for this market is based on the usage of the product by carpenters, plumbers, electricians, mechanics and other such professionals at home as well as by repairmen working in shops or manufacturing units.
Cannulated Drill Bits:
Cannulated drill bits are used in the drilling process of boreholes for oil and gas, water, and other utilities. The bit is fitted with a cannula that allows fluids to be injected into the hole while drilling. It helps lubricate the bit by allowing fluid from above ground surface to flow through it along with providing cooling effect to reduce wear and tear of machine.
Application Insights:
By application, the global surgical drill bits market is segmented into hospital, clinic and others. The hospital segment dominated the overall market in terms of revenue in 2017. This is due to a high demand for minimally invasive surgeries with various benefits such as reduced recovery time and lesser postoperative pain. According to a study published by NCBI, around 74% of all surgical procedures are performed laparoscopically which accounts for majority share of the global medical device industry. Minimally invasive surgeries involve use of small incisions and instruments through which surgeons can see better than conventional open surgeries do thus resulting in higher adoption rate among patients seeking treatment at hospitals or clinics.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of key players and high adoption rate for advanced products. The region is expected to maintain its dominance over the forecast period due to increasing demand for minimally invasive surgeries, rising geriatric population, and growing healthcare spending.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions in emerging countries such as India & China. Growing medical tourism industry in these countries can also be attributed for rapid growth of surgical drill bit market in this region. Moreover, low cost of surgery coupled with favorable government policies aimed at reducing maternal mortality rate are likely boost regional demand further.
Europe accounted for more than 20% share of global revenue in 2017 due primarily high adoption rates cannulated drill bits compared with standard solid drill bits by surgeons around Europe especially Germany.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global surgical drill bits market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because the use of surgical drill bits helps in reducing the size of incisions and also results in lesser tissue damage.
- Rising number of orthopedic procedures: The global surgical drill bits market is also expected to benefit from the rising number of orthopedic procedures being carried out across the world. This is because orthopedic surgeries often require use of surgical drill bits for drilling into bones and other hard tissues.
- Growing geriatric population: Another key growth driver for the global surgical drill bits market is the growing geriatric population across the world, as this population segment tends to be more susceptible to various medical conditions that may require surgery as a treatment option.
- Technological advancements: Surgical drill bit manufacturers are constantly investing in research and development activities with a view to introducing new and innovative products in order to cater to changing consumer needs and preferences. This is likely to result in steady growth prospects for this market over coming years.. 5) Rising healthcare expenditure: A fifth key growth driver for global surgical Drill Bits Market would be rising healthcare expenditure by governments, individuals, corporates etc., globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Surgical Drill Bits Market Research Report
By Type
Standard Solid Drill Bits, Cannulated Drill Bits, Calibrated Drill Bit
By Application
Hospital, Clinic
By Companies
Dentsply Sirona, Arthrex, Zimmer Biomet Dental, Integra Life Science, Stryker Corporation, Institut Straumann, Teleflex Incorporated, Conmed Corporation, Medline Industries, Den-Mat Holdings, De Soutter Medical, ADIN Dental Implant Systems, KellMed Sales, ETGAR Medical Implant Systems, MSI France, IMEX Veterinary
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Surgical Drill Bits Market Report Segments:
The global Surgical Drill Bits market is segmented on the basis of:
Types
Standard Solid Drill Bits, Cannulated Drill Bits, Calibrated Drill Bit
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
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:
- Dentsply Sirona
- Arthrex
- Zimmer Biomet Dental
- Integra Life Science
- Stryker Corporation
- Institut Straumann
- Teleflex Incorporated
- Conmed Corporation
- Medline Industries
- Den-Mat Holdings
- De Soutter Medical
- ADIN Dental Implant Systems
- KellMed Sales
- ETGAR Medical Implant Systems
- MSI France
- IMEX Veterinary
Highlights of The Surgical Drill Bits 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:
- Standard Solid Drill Bits
- Cannulated Drill Bits
- Calibrated Drill Bit
- By Application:
- Hospital
- Clinic
- 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 Surgical Drill Bits 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?
Surgical drill bits are a type of tool used in surgery. They are made from a variety of materials, including metal and plastic, and they have various shapes, including round and triangular. Surgical drill bits are used to create holes in the skin or other tissues during surgery.
Some of the major players in the surgical drill bits market are Dentsply Sirona, Arthrex, Zimmer Biomet Dental, Integra Life Science, Stryker Corporation, Institut Straumann, Teleflex Incorporated, Conmed Corporation, Medline Industries, Den-Mat Holdings, De Soutter Medical, ADIN Dental Implant Systems, KellMed Sales, ETGAR Medical Implant Systems, MSI France, IMEX Veterinary.
The surgical drill bits market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Surgical Drill Bits Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Surgical Drill Bits Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Surgical Drill Bits Market - Supply Chain
4.5. Global Surgical Drill Bits Market Forecast
4.5.1. Surgical Drill Bits Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Surgical Drill Bits Market Size (000 Units) and Y-o-Y Growth
4.5.3. Surgical Drill Bits Market Absolute $ Opportunity
5. Global Surgical Drill Bits Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Surgical Drill Bits Market Size and Volume Forecast by Type
5.3.1. Standard Solid Drill Bits
5.3.2. Cannulated Drill Bits
5.3.3. Calibrated Drill Bit
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Surgical Drill Bits Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Surgical Drill Bits Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Surgical Drill Bits Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Surgical Drill Bits Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Surgical Drill Bits Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Surgical Drill Bits Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Surgical Drill Bits Demand Share Forecast, 2019-2026
9. North America Surgical Drill Bits Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Surgical Drill Bits Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Surgical Drill Bits Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Surgical Drill Bits Market Size and Volume Forecast by Type
9.7.1. Standard Solid Drill Bits
9.7.2. Cannulated Drill Bits
9.7.3. Calibrated Drill Bit
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Surgical Drill Bits Demand Share Forecast, 2019-2026
10. Latin America Surgical Drill Bits Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Surgical Drill Bits Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Surgical Drill Bits Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Surgical Drill Bits Market Size and Volume Forecast by Type
10.7.1. Standard Solid Drill Bits
10.7.2. Cannulated Drill Bits
10.7.3. Calibrated Drill Bit
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Surgical Drill Bits Demand Share Forecast, 2019-2026
11. Europe Surgical Drill Bits Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Surgical Drill Bits Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Surgical Drill Bits Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Surgical Drill Bits Market Size and Volume Forecast by Type
11.7.1. Standard Solid Drill Bits
11.7.2. Cannulated Drill Bits
11.7.3. Calibrated Drill Bit
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Surgical Drill Bits Demand Share, 2019-2026
12. Asia Pacific Surgical Drill Bits Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Surgical Drill Bits Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Surgical Drill Bits Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Surgical Drill Bits Market Size and Volume Forecast by Type
12.7.1. Standard Solid Drill Bits
12.7.2. Cannulated Drill Bits
12.7.3. Calibrated Drill Bit
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Surgical Drill Bits Demand Share, 2019-2026
13. Middle East & Africa Surgical Drill Bits Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Surgical Drill Bits Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Surgical Drill Bits Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Surgical Drill Bits Market Size and Volume Forecast by Type
13.7.1. Standard Solid Drill Bits
13.7.2. Cannulated Drill Bits
13.7.3. Calibrated Drill Bit
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Surgical Drill Bits Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Surgical Drill Bits Market: Market Share Analysis
14.2. Surgical Drill Bits Distributors and Customers
14.3. Surgical Drill Bits Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dentsply Sirona
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Arthrex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zimmer Biomet Dental
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Integra Life Science
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Stryker Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Institut Straumann
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Teleflex Incorporated
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Conmed Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Medline Industries
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Den-Mat Holdings
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. De Soutter Medical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ADIN Dental Implant Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. KellMed Sales
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ETGAR Medical Implant Systems
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MSI France
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. IMEX Veterinary
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
