Surgical Drills Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4022
Surgical Drills Market size is expected to grow significantly from 2019 to 2025.
Increasing prevalence of chronic diseases across the globe is anticipated to robustly drive surgical drills market. Treatment required for curing diseases such as bone related disorders requires surgical procedures. Surgical drills have crucial role in neurosurgery, dental procedures, orthopedic operations, etc. They are used to bore holes in bone for attachment of surgical plates, pins and screws. Thus, increasing prevalence of chronic diseases coupled with wider applications of surgical drills will escalate its usage, thereby propelling surgical drills market growth.
Technological advancements in surgical drills will favor business growth in analysis timeframe. Industry players are highly investing in R&D activities to develop innovative solutions, in order to ease healthcare professional’s framework. For instance, Medtronic has developed Midas Rex MR7 that provides accurate precisions for cranial, spine, orthopedic, ENT procedures. Additionally, these instruments are durable and easy navigations enables it to offer enhanced repositioning and access. As a result, technologically advanced products will enable healthcare professionals to provide efficient treatment that will escalate its demand over the forecast timeframe. However, high cost of these instruments may hinder surgical drills market up to some extent.
Pneumatic surgical drills segment is anticipated to witness robust CAGR over the forecast time period. These type of drills employs pneumatic motors that are operated by expanding compressed air and are commonly used in oral surgeries and dental procedures. Pneumatic surgical drills provide superior torque that enables it faster and easier drill. These benefits result in minimum time under anesthesia and safer surgical procedures. Moreover, increasing dental surgeries will augment demand for pneumatic surgical drills, thereby, fueling segment growth.
Orthopedic surgery segment had substantial revenue share in 2018 and it will enormously expand in coming years. Increasing geriatric population suffering from bone disorders will prove beneficial for segment growth. Surgical drills are one of the important equipment used during surgical procedures. These instrument helps in easy navigation that provides easier access to narrow areas, thereby assisting surgeons to perform safe surgeries resulting in enhanced clinical outcomes. Thus, increasing orthopedic surgical procedures will escalate segment growth.
Ambulatory surgical centers (ASCs) segment is anticipated to witness substantial growth in forthcoming future. Benefits provided by ASCs such as minimally invasive operations, elimination from hospital acquired infections will rise patient’s preference towards ambulatory surgical centers. ASCs are incorporating technologically advanced equipment that will augment demand for surgical drills that will exceed segment revenue.
North America surgical drills market had significant revenue in 2018 owing to availability of technologically advanced equipment in healthcare facilities. Moreover, strong foothold of industry players provides innovative products resulting in augmented demand for surgical drills, thereby proving beneficial for regional market growth. Furthermore, increasing prevalence of chronic diseases and growing geriatric population will surge surgical procedures that will exceed regional market revenue.
Some of the notable industry players operating in the surgical drills market CONMED, Zimmer Biomet, DePuy Synthes, GPC Medical, De Soutter Medical, Stryker, adeor medial, Medtronic, Arthrex, Allotech, and B. Braun Melsungen. These industry players implement various strategies such as new product launches, mergers and acquisitions, collaborations, etc. These strategies help companies to capture more market share and cater to demands of end users. For instance, in February 2018, adeor medial launched Velocity Alpha Highspeed Drill that has unique surgical features that assists doctors. This strategy of new product launches will help company to capture more market share, thereby capturing more market share.
Surgical Drills Market By Product, 2014-2025 (USD Million)
- Pneumatic Drills
- Electric Drills
- Battery Powered Drills
Surgical Drills Market By Application, 2014-2025 (USD Million)
- Orthopedic Surgery
- Ear Nose Throat (ENT)
- Dental Surgery
Surgical Drills Market By End User, 2014-2025 (USD Million)
- Ambulatory Surgical Centers
- Research Institutes
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Zimmer Biomet
- DePuy Synthes
- GPC Medical
- De Soutter Medical
- adeor medial
- B. Braun Melsungen
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