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Global Battery Powered Surgical Drills Market Research Report 2024(Status and Outlook)

Global Battery Powered Surgical Drills Market Research Report 2024(Status and Outlook)

  • Published on : 22 October 2024
  • Pages :127
  • Report Code:SMR-8013820

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Report overview

The global Battery Powered Surgical Drills market size was valued at US$ 287.6 million in 2024 and is projected to reach US$ 435.2 million by 2030, at a CAGR of 7.2% during the forecast period 2024-2030.

The United States Battery Powered Surgical Drills market size was valued at US$ 92.4 million in 2024 and is projected to reach US$ 134.8 million by 2030, at a CAGR of 6.5% during the forecast period 2024-2030.

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Battery Powered Surgical Drills are cordless medical devices used in surgical procedures, offering the freedom of movement and versatility of cordless operation while maintaining the power and precision required for bone drilling and shaping.

The global Battery Powered Surgical Drills market is growing rapidly, driven by the increasing demand for portable surgical tools, advancements in battery technology, and the trend towards minimally invasive surgeries. In 2023, global shipments of battery powered surgical drills reached approximately 135,000 units, with North America and Europe accounting for 55% of demand. Orthopedic applications dominate the market, representing 70% of demand, followed by dental surgery at 20% and neurosurgery at 7%. The market benefited from the growing number of outpatient and ambulatory surgical procedures, leading to a 18% increase in battery drill adoptions in these settings in 2023. Technological advancements have focused on improving battery life, reducing weight, and enhancing sterilization capabilities, with new models offering up to 1,000 cycles per charge, weights under 1 kg, and fully autoclavable designs. The market is witnessing strong growth in modular battery drill systems with interchangeable attachments, increasing at 11% annually, driven by their versatility across different surgical specialties. In 2023, the push for infection control in surgical settings led to a 20% increase in the use of single-use sterile battery packs for surgical drills.
The industry faces challenges from the higher cost compared to traditional corded or pneumatic drills, but the benefits in maneuverability and reduced operating room clutter continue to drive adoption. Emerging applications in field surgery and disaster response are showing promise, with ruggedized battery powered drills growing at 15% CAGR, albeit from a small base of 3% market share. Looking ahead, the market is expected to benefit from the integration of smart technologies, with battery drills featuring built-in torque sensors and wireless connectivity for surgical navigation systems projected to grow at 22% CAGR through 2030.

Report Overview

This report provides a deep insight into the global Battery Powered Surgical Drills market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Battery Powered Surgical Drills Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Battery Powered Surgical Drills market in any manner.

Global Battery Powered Surgical Drills Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

  • Stryker Corporation
  • Zimmer Biomet Holdings
  • Medtronic
  • DePuy Synthes
  • De Soutter Medical
  • CONMED
  • adeor medial
  • Arthrex
  • AlloTech
  • and B.Braun Melsungen
  • Stryker Corporation
  • Zimmer Biomet Holdings

Market Segmentation (by Type)

  • Wired Type Drills
  • Wireless Type Drills

Market Segmentation (by Application)

  • Hospitals
  • ASCs
  • Clinics

Geographic Segmentation

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Battery Powered Surgical Drills Market

Overview of the regional outlook of the Battery Powered Surgical Drills Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter