Surgical Drill Bits Market To Grow In Conjunction With Innovation In Next Decade

Posted by Merin John on June 11th, 2021

In 2019, global sales of surgical drill bits is estimated to reach a value of ~US$ 230 Mn.

PMR reveals that around 7 million people in the U.S. required hospitalization due to orthopedic conditions, of which 10% of patients have orthopedic impairment issue, leading to an upsurge in the demand for surgical drill bits.

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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.

The American Academy of Orthopaedic Surgeons stated that on an average 29 surgeries performed in a month by orthopedic surgeons are related to sport injuries are bone fractures which require surgical drill bits.

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.

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“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.

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Merin John

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Merin John
Joined: December 11th, 2020
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