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Surgical Drills Market Professional and In-Depth Industry analysis 2023

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Vinit Sawant

Top Boosters and Deterrents

In the past couple of years, the surgical drills market has picked up a steady pace, with significant boost provided by the expanding elderly population and the rising number of surgical procedures around the globe. The heightened demand for minimally invasive surgeries combined with the considerable spending on healthcare in several countries also favors the market. The increased prominence of various lifestyle diseases and the rising accessibility to healthcare, especially in developing countries can be a major booster for the market growth in the following years.

The drastic surge in the uptake of power surgical drills in the healthcare industry has been favorable for the global market. These power tools need low maintenance, are highly durable, and are quite easy to use, which add to their appeal among surgeons. Surgical drills are increasingly being adopted for the treatment of the rising cases of sport injuries, which are the reason behind the growing incidences of bone fractures across the globe. In the US alone, bone fracture remains the second most common sports injury that calls for a higher use of surgical drills.

Surgical drills market 2020 is on track to procure a growth rate of 4.93% from 2017 to 2023 (appraisal period), confirms MRFR/Market Research Future. We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Market Segmentation

Surgical drills industry has been dissected into product, application and end-user.

The key products studied in the market study are electric drills, pneumatic drills, accessories, battery powered drills, and more. Since 2017, the biggest share in the market has belonged to the pneumatic drills segment, owing to the higher patient compliance compared to other types of drills.

The main application areas covered in the study are neurosurgery, orthopedic surgery, dental surgery, ENT, and more. Orthopedic surgery segment is the top application area and has remained since 2017, while the dental surgery segment has been placed at the second place in the global market.

Depending on end-users, the key market categories are academic and research institutes, ambulatory surgical centers, hospitals & clinics, and others. As of 2017, the hospitals & clinics segment has been in the lead whereas the rising establishment of ambulatory surgical centers across developed and developing economies can ensure that the segment advances at the fastest rate in the years ahead.

Top Competitors

The top competitors analyzed in the report are CONMED Corporation, Medtronic plc, Stryker Corporation, DePuy Synthes, Zimmer Biomet Holdings, Inc., B.Braun Melsungen AG, AlloTech Co.Ltd., De Soutter Medical, Arthrex Inc., Adeor medical AG, and more.

 

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