Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Medical micro surgical drills are the surgical tools/instruments used by the surgeons to drill bones and tooth. These drilling tools are generally used in neurosurgeries, spinal surgeries, and dental surgeries. Rising number of the patient population with the neurological disorder, spinal disorder, and others are expected to increase number of open surgeries and minimally invasive surgeries. Thus, it offers opportunity for various manufactures such as Stryker Corporation, B.Barun Melsungen AG, and others, to offer innovative micro surgical drills for allowing the surgeons to perform such surgeries more efficiently.

The global medical micro surgical drills market is estimated to be valued at US$ 233.7 million in 2020 and is expected to exhibit a CAGR of 5.8% over the forecast period (2020-2027).

Figure 1. Global Medical Micro Surgical Drills Market Value (US$ Mn) & Y-o-Y Growth Analysis, (2016-2027)

Medical Micro Surgical Drills  | Coherent Market Insights

Increasing incidence of the orthopedic disorders and dysfunctions are expected to drive the medical micro surgical drills market.

The increasing incidence of articular cartilage injuries is expected to drive growth of the medical micro surgical drills market over the forecast period. For instance, according to the data published by National Center for Biotechnology Information (NCBI) in 2019, during the period from 2003 to 2015, around 7,522 cartilage restoration procedures have been reported by the surgeons in the U.S. This increasing articular cartilage injuries is leading to increasing number of articular cartilage restoration procedures, which include microfracture, drilling, abrasion arthroplasty, and other procedures.

Emergence of the newly advanced surgical and minimally invasive technique for the treatment of orthopedic diseases is expected to drive the growth of the medical micro surgical drills market.

Biologic augmented microdrilling (BAM) is the new minimally invasive technique for cartilage regeneration. It is an outpatient procedure, in which damaged knee cartilage is infused with stem cells derived from bone marrow to promote regeneration and improve symptomatic pain and stiffness. The procedure include microdrilling surgery (initially) followed by the biologic injections and physical therapy. Thus, such new and advanced techniques is expected to drive demand for surgical micro drills by the surgeons. It is a novel alternative to total knee replacement (TKR) surgery.

Global Medical Micro Surgical Drills Market- Restraints

However, disadvantages associated with microdrilling surgery is expected to hinder the market growth over the forecast period. For instance, in the treatment of large, full-thickness chondral lesions in the knee, microdrilling surgery is performed, but this increases the cost burden on the patients, as it requires a large number of post-operative bone marrow aspiration and knee injections, which are not covered by the medical insurance. This has led to low demand for micro surgical drills in emerging economies in regions such as Latin America, Middle East, and Africa, as microdrilling surgical procedures are very expensive for the patient population in such regions.

Global Medical Micro Surgical Drills Market- Regional Analysis

On the basis of region, the global medical micro surgical drills market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to hold a dominant position in the global medical micro surgical drills market over the forecast period. Increasing prevalence of the neurological disorders is contributing to growth of the micro surgical drills market in North America region. For instance, according to the American Neurological Association (ANA) in March 2017, every year, neurological diseases affect around 100 million peoples in the U.S. These significant number of the patients with one of the neurological disorder is expected to increase the number neurosurgeries in the U.S. thereby driving demand for medical micro surgical drills in the U.S.

Moreover, Europe medical micro surgical drills market is expected to witness significant growth over the forecast period, owing to presence of various research institutes who are engaged in conducting research studies to develop microsurgical drilling tools. For instance, researcher at Aston University, Birmingham UK, are engaged in conducting a research study to develop a series of micro-drilling devices (robotic surgical micro-drill), to achieve consistent and precise results. The system is being developed specifically to conduct precise cochleostomies.  

Figure 2: Global Medical Micro Surgical Drills Market Value Share (%), By Region (2020 & 2027)

Medical Micro Surgical Drills  | Coherent Market Insights

Global Medical Micro Surgical Drills Market- Competitive Landscape

Key players operating in the global medical micro surgical drills market include Rohanika Medical, GPC, De Soutter Medical, Biochrom, Millennium Surgical, Phoenix Surgical, Medtronic, StrenuMed, Synergy Medical Technologies, B. Braun Melsungen AG, Nouvag, Stryker Corporation, and Johnson & Johnson.

Medical micro surgical drills are used to create holes in the bone for the attachment of surgical pins, plates, or screws. These micro surgical drills are utilized in various surgeries such as neurosurgery, orthopedic surgery, dental surgery, spinal surgeries and others, to drill bones, teeth, and others. It is widely used in the field of dentistry to remove decay and reshape teeth in preparation for a filling. Major manufacturers operating in the medical micro surgical drills  include Conmed, World Precision Instruments, Stryker Corporation, and others offers micro surgical drills such as MicroFree Surgical Small Bone Power Tools, OmniDrill35 Micro Drill, and CORE Micro Surgical Drill, respectively.

Market Dynamics

Key players in the medical devices industry are focusing on development of technologically advanced equipment, instruments, and systems for various surgical procedures. Thus, introduction of such advanced products in the market is expected to drive growth of the medical micro surgical drills market over the forecast period. For instance, in November 2018, the Stryker Corporation launched Stryker F1 Small Bone Power System, a lightweight solution for conducting surgical procedures of the extremities. The new system has been powered by SmartGRIP Technology, which enables the surgeon to operate in three procedures including micro saws, a micro drill, and a universal motor for inserting k-wires and drilling. Thus availability of the integrated surgical system, which include micro drill is expected to offer opportunities for the medical device manufacturers to develop such products.

Moreover, increasing preference of physicians for robotic surgery is expected to increase the demand for micro surgical drills, thereby driving the global medical micro surgical drills market growth. For instance, according to Association of American Medical Colleges (AAMC) in 2019, it is estimated that the physicians’ shortage could reach 122,000 physicians by 2032 in the U.S. Thus, the demand for robotic surgeries in North American and European countries is expected to increase due to rising adoption of minimally invasive surgeries by physicians, which speeds up the process of surgery and helps in reducing the surgery cost. Moreover, lack of skilled professionals is expected to increase the adoption rate of robotic surgeries.

Key features of the study:

  • This report provides in-depth analysis of the medical micro surgical drills market, market size (US$ Million) and compound annual growth rate (CAGR (%)) for the forecast period, 2020-2027, considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global medical micro surgical drills market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Rohanika Medical, GPC, De Soutter Medical, Biochrom, Millennium Surgical, Phoenix Surgical, Medtronic, StrenuMed, Synergy Medical Technologies, B. Braun Melsungen AG, Nouvag, Stryker Corporation, and Johnson & Johnson
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, end user upgrades, market expansion, and marketing tactics
  • The global medical micro surgical drills market report caters to various stakeholders in this industry, including investors, drug/product manufacturers, distributors and suppliers for medical micro surgical drills market, research and consulting firms, new entrants, and financial analysts
  • Various strategy matrices used in analyzing the medical micro surgical drills market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

  • Global Medical Micro Surgical Drills Market, By Product Type :
    • Straight Attachment Drill
    • Angled Attachment Drill
  • Global Medical Micro Surgical Drills Market, By Power System:
    • Electrical Micro Drill
    • Battery Powered Micro Drill
    • Pneumatic Micro Drill
  • Global Medical Micro Surgical Drills Market, By Application:
    • Neurosurgery
    • Spinal Surgery
    • Microsurgery
    • Dental Surgery
    • Others
  • Global Medical micro surgical drills market, By Region:
    • North America
      • By Product Type:
        • Straight Attachment Drill
        • Angled Attachment Drill
      • By Power System
        • Electrical Micro Drill
        • Battery Powered Micro Drill
        • Pneumatic Micro Drill
      • By Application
        • Neurosurgery
        • Spinal Surgery
        • Microsurgery
        • Dental Surgery
        • Others
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type:
        • Straight Attachment Drill
        • Angled Attachment Drill
      • By Power System
        • Electrical Micro Drill
        • Battery Powered Micro Drill
        • Pneumatic Micro Drill
      • By Application
        • Neurosurgery
        • Spinal Surgery
        • Microsurgery
        • Dental Surgery
        • Others
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Straight Attachment Drill
        • Angled Attachment Drill
      • By Power System
        • Electrical Micro Drill
        • Battery Powered Micro Drill
        • Pneumatic Micro Drill
      • By Application
        • Neurosurgery
        • Spinal Surgery
        • Microsurgery
        • Dental Surgery
        • Others
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type:
        • Straight Attachment Drill
        • Angled Attachment Drill
      • By Power System
        • Electrical Micro Drill
        • Battery Powered Micro Drill
        • Pneumatic Micro Drill
      • By Application
        • Neurosurgery
        • Spinal Surgery
        • Microsurgery
        • Dental Surgery
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • By Product Type:
        • Straight Attachment Drill
        • Angled Attachment Drill
      • By Power System
        • Electrical Micro Drill
        • Battery Powered Micro Drill
        • Pneumatic Micro Drill
      • By Application
        • Neurosurgery
        • Spinal Surgery
        • Microsurgery
        • Dental Surgery
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Straight Attachment Drill
        • Angled Attachment Drill
        • By Power System
        • Electrical Micro Drill
        • Battery Powered Micro Drill
        • Pneumatic Micro Drill
      • By Application
        • Neurosurgery
        • Spinal Surgery
        • Microsurgery
        • Dental Surgery
        • Others
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Rohanika Medical*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Future Plans
    • GPC
    • De Soutter Medical
    • Biochrom
    • Millennium Surgical
    • Phoenix Surgical
    • Medtronic
    • StrenuMed
    • Synergy Medical Technologies
    • B. Braun Melsungen AG
    • Nouvag
    • Stryker Corporation
    • Johnson & Johnson

“*” marked represents similar segmentation in other categories in the respective section

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Power System
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Technology Advancements
    • Historical Overview
    • Merger and Acquisition
    • Regulatory Scenario
    • PORTER’S Five Forces
    • PEST Analysis
  4. Global Medical Micro Surgical Drill Market, By Product Type, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Straight Attachment Drill
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Angled Attachment Drill
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  5. Global Medical Micro Surgical Drill Market, By Power System, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Electrical Micro Drill
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Battery Powered Micro Drill
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Pneumatic Micro Drill
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  6. Global Medical Micro Surgical Drill Market, By Application, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Neurosurgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Spinal Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Microsurgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Dental Surgery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
  7. Global Medical Micro Surgical Drill Market, By Region, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2016 – 2027
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Power System, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Power System, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Power System, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Power System, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Power System, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Power System, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Million)
      • Market Size and Forecast, By Country/Region, 2016 – 2027, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Rohanika Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • GPC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • De Soutter Medical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Biochrom
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Millennium Surgical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Phoenix Surgical       
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Medtronic
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • StrenuMed
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Synergy Medical Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nouvag
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Stryker Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Johnson & Johnson
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

 

*Browse 24 market data tables and 30 figures on "Medical Micro Surgical Drill Market” - Global forecast to2027”.

Frequently Asked Questions

The global medical micro surgical drills market size is estimated to be valued at US$ 233.7 million in 2020 and is expected to exhibit a CAGR of 5.8% between 2020 and 2027.
Dental Surgery segment is expected to account for major market share in 2020, owing to increasing prevalence of the dental caries leading to increase in number dental surgeries.
Major factors driving growth of the global medical micro surgical drills market include increasing prevalence of neurological disorder, and dental caries, and rising number of product launches by major manufacturers
Disadvantages associated with micro surgical drills and high cost burden on patient population in emerging economies are expected to hinder the market growth.
North America medical micro surgical drills market is expected to generate largest revenue share during the forecast period.
Some of the key players operating in the medical micro surgical drills market include Rohanika Medical, GPC, De Soutter Medical, Biochrom, Millennium Surgical, Phoenix Surgical, Medtronic, StrenuMed, Synergy Medical Technologies, B. Braun Melsungen AG, Nouvag, Stryker Corporation, and Johnson & Johnson
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