Global Medical Micro Surgical Drills Market, by Product Type (Straight Attachment Drill and Angled Attachment Drill), by Power System (Electrical Micro Drills, Battery Powered Micro Drill, and Pneumatic Micro Drill), by Application (Neurosurgery, Spinal Surgery, Microsurgery, Dental Surgery, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), 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), as highlighted in a new report published by Coherent Market Insights.

The increasing focus of manufacturers on development and launching of innovative micro surgical drills are expected to drive growth of the global medical micro surgical drills market over the forecast period. For instance, in March 2017, Emuge Corp., a wholly owned subsidiary of EMUGE-Werk Richard Glimpel GmbH & Co. KG. launched the new line of sub-micro grain carbide coolant-fed micro drills for medical, aerospace, and other applications.

Moreover, rising number of surgical procedures such as orthopedic surgery, neurosurgery, spinal surgery, and dental surgery are expected to drive demand for medical micro surgical drills in the hospital setting, which is expected to drive growth of the market over the forecast period. For instance, in Abbott Northwestern Hospital, Minneapolis, over 4,000 procedures, including 1,200 joint replacement and revision procedures are performed per year.

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Browse 24 Market Data Tables and 30 Figures spread through 157 Pages and in-depth TOC on "Global Medical Micro Surgical Drills Market, by Product Type (Straight Attachment Drill and Angled Attachment Drill), by Power System (Electrical Micro Drills, Battery Powered Micro Drill, and Pneumatic Micro Drill), by Application (Neurosurgery, Spinal Surgery, Microsurgery, Dental Surgery, and Others), by Power System (Electrical Micro Drill, Battery Powered Micro Drill, and Pneumatic Micro Drill), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2027"

The increasing incidence of oral health diseases such as tooth cavities (dental caries) is a major factor that is expected to drive growth of the medical micro surgical drills market, across the globe over the forecast period. Dental caries can be treated by drilling out the decay and put in a filling (restoration) made from various materials. For instance, according to the Global Burden of Disease Study, in 2016, around 3.58 billion people, globally were affected with dental caries (tooth decay) in permanent teeth. Moreover, according to the WHO, in 2012, around 60-90% of children had dental cavities, and around 15-20% of population in the age group of 35-44 year suffered from severe periodontal disease globally. Thus, increasing incidence of dental caries is expected to drive demand for micro surgical drills over the forecast period.

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Key takeaways of the Global Medical Micro Surgical Drills Market:

The global medical micro surgical drills market is expected to exhibit a CAGR of 8% during the forecast period (2020-2027), owing to presence of major key players such as World Precision Instruments, Harvard Apparatus, offering a wide range of surgical instruments comprising various surgical tools such as micro drills, biopsy punches, ear punches, and others.

The increasing research and development activities, in order to develop new treatment option such as microdrilling surgical procedures, is expected to drive growth of the global medical micro surgical drills market over the forecast period. For instance, in March 2011, researchers and surgeons at Bone and Joint Clinic of Baton Rouge initiated the clinical research study to evaluate a treatment for multiple full thickness chondral lesions in the knee. In this study, the subject will undergo a microdrilling surgery and up to 12 post-operative intra-articular injections of bone marrow aspirate concentrate (BMAC), platelet rich plasma (PRP), and hyaluronic acid (HA). The study is estimated to complete in June 2020. This is expected to drive demand for medical micro surgical drills over the forecast period.

Major 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

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