Global Neurosurgical Drills Market, By Product Type (Pneumatic Drills, Electric Drills, Battery Powdered Drills, Accessories), Application (Orthopedic Surgery, Neurosurgery, ENT Surgery, Dental Surgery, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Neurosurgical Drills Market
The neurosurgical drills market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 873.18 million by 2028 and will grow at a CAGR of 3.87% in the above mentioned forecast period.
The high demand for compact and light neurosurgical drills is amongst the important factor expected to intensify the growth and demand of neurosurgical drills market. In addition, the introduction of next-generation neurosurgical devices such as in pneumatic and electric power systems which has high precision and which allows for safe grip is also expected contribute to the growth in the global market over the forecast period of 2021 to 2028. Also the rise in the incidence of neurological conditions and the increase in the prevalence of traumatic injuries of the spine that need surgeries are also likely to enhance the growth of the market. Furthermore, the increase in geriatric population and rise in neurological disorders such as brain injuries and cerebral disorder are also one of the significant factors expected to fuel the growth of the neurosurgical drills market.
The rapid advancements made in surgical drills, presence of robust healthcare infrastructures and rapid increase in the demand for high-speed electrical surgical drills in neurology are anticipated to offer significant growth opportunities for the market in the forecast period of 2021 to 2028.
However, the high cost and lack of skilled neurosurgeons are expected to curb the growth of the neurosurgical drills market, whereas the rise in threat of substitutes can challenge the growth of the neurosurgical drills market.
This neurosurgical drills market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the neurosurgical drills market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Neurosurgical Drills Market Scope and Market Size
The neurosurgical drills market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the neurosurgical drills market is segmented into pneumatic drills, electric drills, battery powdered drills and accessories.
- The application segment of the neurosurgical drills market is segmented into orthopedic surgery, neurosurgery, ENT surgery, dental surgery and others.
Neurosurgical Drills Market Country Level Analysis
The neurosurgical drills market is analyzed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the neurosurgical drills market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the neurosurgical drills market owing to the rise in prevalence of brain injuries and other neurological disorders and the easy availability of skilled neurosurgeons. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the well establishment of nursing centers.
The country section of the neurosurgical drills market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The neurosurgical drills market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for neurosurgical drills market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neurosurgical drills market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Neurosurgical Drills Market Share Analysis
The neurosurgical drills market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to neurosurgical drills market.
The major players covered in the neurosurgical drills market report are ACRA-CUT Inc., NSK, evonos GmbH & Co. KG, Nouvag AG, De Soutter Medical, B. Braun Melsungen AG, Medtronic, Stryker, Zimmer Biomet, AYGUN CO.,INC., adeor medical AG, Bien-Air Surgery SA, CONMED Corporation, DePuy Synthes, Wuhu Ruijin Medical Instrument & Device Co.,ltd., Integra LifeSciences Corporation, KARL STORZ SE & Co. KG, and Shanghai Bojin Medical Instrument Co.,Ltd., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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