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The Surgical Drill Bits Market to stay put based on improvement in community health

January 11th, 2022 Persistence Market Research Releases

The Surgical Drill Bits Market is expected to grow by leaps and bounds in the forecast period. Nanotechnology’s medical application is on the anvil. As such, nanomedicine is an outcome of the technology operating at the molecular, atomic, or supramolecular scale. The broad application areas of nanomedicine include sensing, imaging, diagnosis, and delivery via medical devices. This would certainly keep the healthcare vertical upgraded continuously.

The Surgical Drill Bits Market is expected to grow on an irreversible note in the next 10 years. The future scenario would be data-driven healthcare. This would, in turn, widen the potential for enhancing treatment options. With interoperability taking the centre stage, program participants could access app blueprints, data templates, and security tools. Thus, the big data cloud would turn out to be kinetic. This would result in an upswing in the healthcare vertical going forward.

The global surgical drill bits market is anticipated to grow at CAGR of 5% over the period of 2019-2029, owing to rise in adoption of surgical drill bits in neurosurgery such as craniotomy. In 2019, global sales of surgical drill bits is estimated to reach a value of ~US$ 230 Mn.

Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/24085

PMR reveals that around 7 million people in the U.S. required hospitalization due to orthopaedic conditions, of which 10% of patients have orthopaedic impairment issue, leading to an upsurge in the demand for surgical drill bits.  The American Academy of Orthopaedic Surgeons stated that on an average 29 surgeries performed in a month by orthopaedic surgeons are related to sport injuries are bone fractures which require surgical drill bits.

Company Profiles: 

  • Dentsply Sirona
  • Arthrex, Inc.
  • Zimmer Biomet Dental
  • Integra Life Science
  • Stryker Corporation
  • Institut Straumann AG
  • Teleflex Incorporated
  • Conmed Corporation
  • Medline Industries, Inc.
  • Den-Mat Holdings, LLC
  • De Soutter Medical
  • ADIN Dental Implant Systems Ltd.
  • KellMed Sales Ltd
  • ETGAR Medical Implant Systems
  • MSI France
  • IMEX Veterinary, Inc.

Request for Methodology@ https://www.persistencemarketresearch.com/methodology/24085

Key Takeaways from the Surgical Drill Bits Market Study

  • Standard solid surgical drill bits continue to account for major share of the manufacturers’ bottom lines, while more focus has been placed on increasing the production of cannulated drill bits, as they efficiently aid in minimal access surgery and newer requirements such as cost effectiveness and improved tactile advantages.
  • Adoption of single use surgical drill bits has been gaining momentum in developed economies, owing to high healthcare expenditure and availability of favourable reimbursement scenario.
  • The North American and European regions are expected to collectively account for ~60% of revenue share of the surgical drill bits market.
  • India, China and Brazil are top three developing markets for surgical drill bits, which are estimated to gain ~10% of the revenue share of global surgical drill bits market in 2019.

“Increasing incidences of orthopedic disorders such as osteoporosis, spinal deformities, and spinal injuries are primarily responsible for the growth of the surgical drill bits market. With the rise of minimally invasive and robotic surgeries, the war of innovation supremacy among the manufacturers is likely to be quite strong going forward,” says the PMR analyst.

Access Full Report@ https://www.persistencemarketresearch.com/checkout/24085

Tier 1 Players to Account for Half of the Total Revenue Share

Dentsply Sirona, Arthrex Inc., Zimmer Biomet, Integra Life Sciences and Stryker Corporation are leading players of surgical drill bits market. In 2018, these top five players accounted for over 55% share in the surgical drill bits market. Dentsply Sirona remains the leading supplier of surgical drill bits, backed by the company’s reliance on inorganic growth strategies and expansion of its territorial reach and business. Other key market participants such as Arthrex, Inc. and Zimmer Biomet collectively account for a prominent market share owing to their emphasis on product innovation and collaborations with hospitals and orthopedic surgeons.

Persistence Market Research offers a unique perspective and actionable insights on the surgical drill bits market in its new study, presenting historical demand assessment from 2014 – 2018 and projections from 2019 – 2029 on the basis of product (standard solid drill bits, cannulated drill bits, and calibrated drill bits), function (cutting, tapping, marking, and shaping), application (orthopedic surgery, neurosurgery, dental surgery, general surgery, and veterinary), and end user (hospitals, office based clinics, ambulatory surgical centers) in seven key regions.

Access Related Reports:

Hip Resurfacing Implants Market

Global Hip Resurfacing market is estimated to reach a valuation of a bit less than US$ 200 Mn by the end of the period of forecast (2025) from a value of around US$ 160 Mn in 2017.

Orthopedic Trauma Devices Market

Global orthopaedic trauma devices market revenue totalled US$ 8.5 Bn in 2020, according to Persistence Market Research analysis. As per sales forecast, the market is expected to reach a valuation of US$ 18 Bn by 2031, expanding at a CAGR of 8% over the next ten years.

About us: Persistence Market Research

Contact us:

Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
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