A high speed surgical drill is a tool fitted with a cutting tool attachment or driving tool attachment, usually a drill bit or driver bit, used for boring holes in various materials or fastening various materials together with the use of fasteners.
High speed surgical drill industry is not much fragmented, manufacturers are mostly in the North America, Europe, China and Japan. Among them, North America, Europe and China output value accounted for more than 80% of the total output value of global high speed surgical drill. Johnson and Johnson is the world leading manufacturer in global high speed surgical drill market with the market share of 12.30%.
Overall, the High Speed Surgical Drill performance is positive, despite the weak economic environment.
The global High Speed Surgical Drill market is expected to reach $566.97 million by 2021 from $469.71 million in 2015, growing at a CAGR of 7.45% from 2015 to 2020. And Europe market is expected to become the biggest market with $179.48 million of revenue in 2021.
In the past few years, as the main raw material price was relatively stable, with the increasing in production capacity, expected that the High Speed Surgical Drill raw material price will be stable in the short term. However, the improvement of energy, transportation costs, and labor costs, will play a significant role in promoting the cost of High Speed Surgical Drill.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.
The average price of High Speed Surgical Drill will fall further. The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and cost of raw materials.
According to this study, over the next five years the High Speed Surgical Drill market will register a 3.4% CAGR in terms of revenue, the global market size will reach US$ 610 million by 2024, from US$ 500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in High Speed Surgical Drill business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of High Speed Surgical Drill market by product type, application, key manufacturers and key regions and countries.
This study considers the High Speed Surgical Drill value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Pneumatic high-speed surgical drill
Electric high-speed surgical drill
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Dentistry
Orthopedics
Neurology
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Johnson & Johnson
Medtronic
Brasseler
Conmed
Adeor
Nouvag
Stryker
Aesculap
Aygun
DeSoutter Medical
Smith & Nephew
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global High Speed Surgical Drill consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of High Speed Surgical Drill market by identifying its various subsegments.
Focuses on the key global High Speed Surgical Drill manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the High Speed Surgical Drill with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of High Speed Surgical Drill submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on High Speed Surgical Drill . Industry analysis & Market Report on High Speed Surgical Drill is a syndicated market report, published as Global High Speed Surgical Drill Market Growth 2019-2024. It is complete Research Study and Industry Analysis of High Speed Surgical Drill market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.