Surgical Drills Market size is anticipated to record significant growth between 2023 and 2032 due to the rising prevalence of chronic and trauma-related illnesses.
Surgical drills are used to remove cavities while straightening teeth in preparation for a filling and to make holes in bones for attaching surgical plates, pins, or screws. They also serve as tools for a variety of applications, ranging from dentistry to neurological procedures.
The expanding accessibility to cutting-edge healthcare facilities across the globe is driving the market progress. The frequency of dental issues, sports & orthopedic disorders, and auto accidents has increased along with the number of surgical procedures performed globally. A growing elderly population worldwide, an increase in R&D investments, and technological developments will all contribute to the industry expansion over the coming years.
The market penetration of surgical drills will be hampered to some extent by the lower adoption of highly modern surgical equipment. In some countries, state-owned healthcare facilities have limited budgets to purchase surgical instruments, limiting market progression.
On the basis of product, the pneumatic surgical drills market is forecasted to witness promising development due to the increase in oral and dental operations. These drills utilize increased torque to provide simpler and quicker drills that require less time under anesthesia and result in safer surgical operations. These are widely utilized in dental surgeries as they work by expanding the compressed air. Patients prefer these over other drills as they offer better convenience during procedures like dental, spinal trauma, and more.
Geographically, North America surgical drills market will expand significantly by 2032 due to the rising R&D expenditures in the healthcare sector and expanding technical advancements. The rates of traffic accidents and bone fractures are increasing while influencing the demand for orthopedic and dental operations. As per the Centers for Disease Control and Prevention (CDC) estimates, more than 1.35 million people worldwide die in road accidents each year. Rising disposable incomes and improving consumer knowledge of oral hygiene across the region will influence product adoption.
Furthermore, established healthcare infrastructure in the region has paved the path for greater availability of highly qualified surgeons in a variety of specialties. The growth of the regional surgical drills market will also be supported by factors like the rising number of multinational corporations and supportive government policies.
In terms of application, the market share from the orthopedic surgery segment will generate lucrative revenue due to the increased usability of these drills in various sizes and styles in a wide range of procedures. They are used in orthopedic procedures involving internal or external fixation to drill holes in bones for the insertion of bone screws.
GPC Medical, adeor medical, De Soutter Medical, DePuy Synthes, CONMED, B. Braun Melsungen (B. Braun Holding GmbH & Co. KG), Medtronic, Allotech, Arthrex (Arthrex), Stryker, and Zimmer Biomet are among of the top players in the global surgical drills market.
The increase in consumer goods prices has been observed during the last few years as a result of inflation in industrialized economies. The demand and supply chain, cash flow, and consumer purchasing power are all impacted by inflation. These obstacles are impeding market expansion, although long-term planning by businesses may support industry outlook in the years to come.