The Global Medical Microsurgical Drills Market held USD 232.8 million in 2020 and is to grow with a CAGR of 5.6% from 2020-2030. Micro surgical techniques are commonly used to treat a variety of damage to cartilage including endodontic surgery, brain surgery, bone-on-bone arthritis, and other orthopedic surgery. In addition, the benefit and simplicity of a microsurgical drill are expected to boost market growth during microsurgical operations as it will increase the demand of surgeons for these tools and instruments. For example, Grace Medical's DragonFly Surgical Drill System is a simple model with easy-to-use ergonomics, including the small headpiece, the magnet coupling for fast and easy buckle exchange, and the system is supplied with BurShield proprietary tissue safety technology.

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Market Dynamics and Factors

Major driving factors for the market are increased government spending on the healthcare and medical sector, growing drugs production in Asian regions. The rising prevalence of orthopedic condition, combined with a growing number of surgical procedures such as orthopedic surgery, spinal surgery, and dental surgery, is expected to increase demand for the hospital setting medical micro surgical drill. According to data published in 2019 by the National Center for Biotechnology Information (NCBI), some 7,522 cartilage restoration procedures were reported by the U.S. surgeons during the period from 2003 to 2015. In addition, more than 4,000 operations, including 1,200 joint replacement and repair operations, are conducted each year in Abbott Northwestern Hospital, Minneapolis. In addition, growing research and development is anticipated to drive growth in the global medical microsurgical drills market growth over the forecast period. For example, in March 2011, the clinical research study was initiated by researchers and surgeons at Bone and Joint Clinic of Baton Rouge to determine a treatment for several full thickness chondral lesions in the knee. In this study the subject undergoes a microdrilling procedure and up to 12 intra-articular post-operative injections of bone marrow aspirate concentrate (BMAC).

Market Segmentation:

Global Medical microsurgical drills Market – By Type
Straight attachment drill
Angled attachment drill
Global Medical microsurgical drills Market – By Application
Neurosurgery
Spinal Surgery
Microsurgery
Dental Surgery
Others
Global Medical microsurgical drills Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
Geographic Analysis

Microdrilling surgery is anticipated to rise in North America and Europe with patients with excessive knee pains. Microdrilling surgery is done in the treatment of large, full-thickness chondral lesions in the knee, but this raises the cost burden on patients, since it involves a large number of post-operative aspiration bone marrow and knee injections that are not covered by medical insurance. This has contributed to low demand for microsurgical drills in developing economies in regions such as Latin America, Middle East, and Africa, as Microdrilling surgical procedures comes as costly treatments to the patient population in those regions.

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Competitive Scenario

Global medical microsurgical drills market, is highly competitive, consists of a few major players. Few of the major players account for hefty market share and currently dominate the medical microsurgical drills industry. Key companies are also expanding their manufacturing facilities to cater to growing demand for this drug globally. Key players enhancing the global medical microsurgical drills market size include Stryker Corporation, Rohanika Medical, Phoenix Surgical, Biochrom, Millennium Surgical, GPC, Medtronic, StrenuMed, Synergy Medical Technologies, De Soutter Medical, B. Braun Melsungen AG, Nouvag, and Johnson & Johnson.

How will this Market Intelligence Report Benefit You?

1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

2. Exclusive insight into the key trends affecting the Medical Microsurgical Drills industry, although key threats, opportunities and disruptive technologies that could shape the Medical Microsurgical Drills Market supply and demand.

3. The report tracks the leading market players that will shape and impact the Medical Microsurgical Drills Market most.

4. The data analysis present in the Medical Microsurgical Drills Market report is based on the combination of both primary and secondary resources.

5. The report helps you to understand the real effects of key market drivers or retainers on Medical Microsurgical Drills Market business.

The 2021 Annual Medical Microsurgical Drills Market offers:

• 100+ charts exploring and analysing the Medical Microsurgical Drills Market from critical angles including retail forecasts, consumer demand, production and more

• 15+ profiles of top producing states, with highlights of market conditions and retail trends

• Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

• Benchmark wholesale prices, market position, plus prices for raw materials involved in Medical Microsurgical Drills Market type

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