Surgical Drills Market 2020 Production Value And Analysis

Surgical Drills Market Overview

Surgical drills are drill machines used for surgical procedures to drill, cut, and bore holes in the bone. There are different types of surgical drills available for different procedures including pneumatic drills, battery powered drills, and electric drills. MRFR, in their recent report, has asserted that the global surgical drills market is expected to develop at a 4.93% CAGR during the forecast period.

There are various factors contributing to the growth observed in the global surgical drills market through the forecast period. An increasing number of orthopedic and dental surgeries are likely to fuel significant growth in the market. Further, a high awareness about dental hygiene coupled with higher disposable incomes are also anticipated to drive the global surgical drills market.

Surgical Drills Market Segmentation

The global surgical drills market has been segmented on the basis of product, application, end-user, and region. Based on products, the global surgical drills market is segmented into electric drills, battery powered drills, pneumatic drills, and accessories. Among the mentioned segments, the pneumatic drills segment is likely to spearhead the market, just like it did in 2017. Such market domination can be accredited to a wider acceptance of devices and better patient compliance in contrast to other devices.

On the basis of application, the global surgical drills market is segmented into neurosurgery, ENT, orthopedic surgery, and dental surgery. The orthopedic segment is estimated to dictate the global surgical drills market. The dental surgery segment is estimated to follow the orthopedic segment, garnering the second-largest market share.

On the basis of end-users, the global surgical drills market is segmented into ambulatory surgical centers, hospitals & clinics, and academic & research institutes. The hospitals & clinics segment is expected to dominate the global market through the review period. The ambulatory surgical centers segment is expected to grow at the highest rate, owing to an increasing number of establishments of the same in developed and developing economies across the globe.

Surgical Drills Market Regional Analysis

Regional segments of the surgical drills market comprise the Americas, Europe, Asia Pacific, and the Middle East & Africa. Europe is further segmented into Western Europe and Eastern Europe. The sub-segment of Western Europe is further segmented into Germany, Italy, the U.K., France, and the rest of Western Europe. The Americas are segmented into North America and South America. North America is further segmented into the US and Canada. Asia Pacific includes country specific segments of India, China, South Korea, Japan, Australia, and the rest of Asia Pacific.

The Americas are expected to be at the forefront of the global surgical drills market due to a rising number of the orthopedic surgeries and a rising awareness towards dental hygiene which has led to a mushrooming in the number of dental procedures and surgeries. Additionally, development of better surgical approaches and advanced procedures for treatment has influenced an ascension in the growth graph of the market. Also, state-of-the-art infrastructure present in America, higher disposable income and speedily spreading awareness are also fueling substantial growth in the market.

Europe is projected to follow the Americas and capture the second largest market share for surgical drills through the forecast timeline. A geographical expansion of companies has resulted in a wider reach of medical products and services. This expansion has also influenced a positive change towards acceptance and implementation of new products and medical procedures.

Meanwhile, Asia Pacific is also witnessing rapid growth for surgical drills through the assessment period, as inferred in the Market Research Future’s report. Accelerated developments observed in the medical sector within the developing nations of India and China is one factor contributing to the propulsion of market growth. Further, burgeoning government funding towards the healthcare, proliferating research and development expenditure, and a growing number of medical device companies in the region have pushed the market to a great extent. Alternatively, the Middle East and Africa are likely to show minute growth during the assessment period for surgical drills market.

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Surgical Drills Market Key Players

The global surgical drills market is assessed to have a presence of many prime players. Some of these players are profiled in the MRFR report, including Adeor medical AG, AlloTech Co.Ltd. Arthrex Inc., B.Braun Melsungen AG, CONMED Corporation, De Soutter Medical, DePuy Synthes, Medtronic plc, Stryker Corporation, and Zimmer Biomet Holdings, Inc.

Surgical Drills Industry Update

March 2019: At AAOS 2019, SMD. Inc recently revealed SMARTdrill, a surgical drill that enables surgeons to make informed decisions while performing surgery. The device has two motors. The SMARTdrill surrounds the spinning motor with torque sensors which continuously measures the torque. It allows the surgeon to measure the patient’s bone strength and make suitable decisions.