US Market Report for Drill Guide Systems and Disposables 2017 - MedCore
General Report Contents
Market Analyses include: Unit Sales, ASPs, Market Value & Growth Trends
Market Drivers & Limiters for each chapter segment
Competitive Analysis for each chapter segment
Section on recent mergers & acquisitions
In 2016, the drill guide systems and disposables market was valued at just under $170 million, a modest increase over the previous year. Growth was driven by an uptick in units sold while ASPs remained relatively stable. Unit growth was driven by an increase in the number of arthroscopic procedures performed each year.
The drill guide market can be further segmented to the systems market and the disposables market. In 2016, the drill guide disposables segment accounted for nearly 90% of the total market for drill guide systems and disposables.
Many arthroscopic procedures are considered as ambulatory surgeries, which are commonly performed in ambulatory surgery centers (ASCs). These outpatient centers are physician-owned and are known to be more efficient than hospitals. Patients are able to leave shortly after their surgery, saving them time and money. However, ASCs often have smaller budgets than hospitals and are therefore more price-sensitive. This has had a limiting effect on the ASP of drill guides, which negatively affected the total market revenue in the United States.
Drill guides are used during the reconstruction of the ACL and PCL. As the name implies, these devices are used for properly aligning the drill bit for the precise creation of tunnels and holes in boney surfaces. The knee is one of the most susceptible joints to pressure and injury in the human body, as its bending capacity is determined by a complex interaction of rotational and extensional movements. The anterior and posterior cruciate ligaments (ACL/PCL) connect the bones that form the knee and stabilize joint movements to prevent the femur from sliding against the tibia and vice versa.
Injuries to the ACL are quite common. These injuries can be caused by excessive use, physical impact or wear over time. Usually, during ACL/PCL reconstruction, the surgeon drills holes in the tibia in order to hold harvested patellar tendon with fixation devices such as staples and screws, thus reconstructing the ligament.