Persistence Market Research
Surgical procedures include a range of operations that require instruments for routine surgery. Often, surgeons need to make a solid insertion into the bone for the fitting of bone screws or passing bone cements to be able to fix fragmented bones. In most cases, surgeons prefer surgical drill bits over electrical surgical drills to overcome the loss of strength of the bone. Surgical drill bits are used for drilling holes in bones for the placement of bone screws during orthopedic surgeries that involve internal or external fixation. Surgical drill bits are often available in several different sizes and styles to ease the operation for which they are used. Surgical drill bits require fewer steps to model the operation, which saves surgical time with a more reliable and accurate approach. The availability of technologically advanced surgical drill bits enables accurate measurement from the outer cortex to the end of the drill sleeve, which can be judged from the drill bit without the need to use the gauge. This has improved the reach of surgical drill bits. The usage of surgical drill bits is mandatory in surgical operations that require fixation of bones that cannot bear the heavy force of drilling.
The global surgical drill bits market is expected to witness significant growth in the near future due to growth in the usage and entry of new product candidates owing to changing consumer trends. Increase in the number of reported cases of orthopedic surgery that involve fixation require the usage of surgical drill bits. Established players are making their mark in several developing economies due to liberal FDI policies regulated within the medical device industry and increase in consumer inclination toward maintaining aesthetic appearance, among others. Factors, such as adverse effects associated with medical devices that are inserted into the body, alternative treatment plans that include the usage of electrical drill guns, and lack of awareness about surgical drill bits in less-developed countries, are likely to hamper the growth of the market in the near future.
The global market for surgical drill bits is segmented on basis of products, characteristics, materials, end users, and geography:
Segment by Product Type
Segment by Characteristic Type
Segment by Material
Segment by Distribution
The global surgical drill bits market is segmented by of Product, Characteristic, Material and End user and geography: Based on the product type, the global surgical drill bits market is segmented into twist, Jacobs twist, and SQC. Products are mainly chosen by surgeons, and the twist type dominates the surgical bits market as it is the most widely used product in majority of surgeries.
On the basis of material, the surgical drill bits market is segmented into stainless-steel, ceramic, and others. Stainless- steel is the preferred by surgeons as there are no systemic side effects associated with it and by manufacturers due to its low cost and good quality.
Based on the distribution channel, the market for global surgical drill bits market is segmented into hospitals, clinics, and ambulatory surgical centers. The hospitals segment is expected to secure the highest market share of the surgical drill bits market.
On the basis of regional presence, the global surgical drill bits market is segmented into six key regions: North America, Latin America, Europe, APEC, China, and Middle East & Africa. North America is leading the surgical drill bits market owing to new product innovations, the targeting of developed markets by manufacturers due to high incidence of orthopedic surgeries associated with bone fixation, and awareness about surgical drill bits in healthcare facilities. Europe would be the second-leading market for surgical drill bits due to the presence of large research bases and manufacturing units. The APEC market is also expected to grow at a higher rate owing to changing lifestyle, rapid population growth, adoption of western lifestyle, and growth in research & development. These factors are likely to drive the surgical drill bits market during the forecast period globally.
Some of the major players in surgical drill bits market are Acquisition, mergers, strategic collaborations, and technology play a vital role in the growth of the surgical drill bits market.
The report covers exhaustive analysis on:
Regional analysis includes