Market Research on Surgical Drills Market 2016 and Analysis to 2024

Surgical drills are used during surgical procedures to drill bone. Bone fracture treatment usually involves repairing of the fractured parts to their initial position and immobilizing them until the recovery takes place. Drilling of bone is common to make a hole for screw insertion to repair the fractured parts for immobilization. Orthopedic drilling during surgical process increases the bone temperature and forces which can cause osteonecrosis reducing the stability and strength of the fixation.

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There are two types of surgical drills: pneumatic surgical drills and electric surgical drills. A pneumatic motor is used for pneumatic surgical drill for its high-speed rotations. The pneumatic surgical drills are usually used for oral surgery as well as other dental procedures. The advantage of using this type of motor for a surgical drill is that it offers greater torque as compared to a battery-powered drill, and makes it easier and faster to drill.

This means a patient would be under anesthesia for a shorter time and will have a safer experience. Electric surgical drill is an alternative to pneumatic surgical drills and use an electric motor. Electric drills use battery power, though it can be also plugged into wall sockets. An electric drill offers less power as compared to pneumatic drill, but costs less as compared to pneumatic drill.

The global surgical drills market is anticipating substantial growth due to innovative technological advancements. Surgical drills are mostly used in neurological and orthopedic surgical procedures. The surgical drills market has been segmented based on application and region. Surgical drills have various applications such as oral surgery, plastic and reconstructive surgery, thoracic surgery, ENT surgery, orthopedic surgery, ophthalmic surgery, cardiac surgery, and neurosurgery.

Major drivers of the global surgical drills market are medical tourism, increased health care spending, growing prevalence of lifestyle diseases, rising number of surgical procedures, and rising access to health care facilities across the world. On the other hand, inadequate sterilization processes, insufficient quality assurance, and continuous pressure on health care providers to reduce costs are expected to hamper the growth of the market.

Geographically, North America accounts for a significant share of the surgical drills market owing to extensive research and technological advancement in the region. Presence of health care organizations, increasing surgical procedures, and improving reimbursement scenario are likely to propel the market. Presence of reimbursement policies in this region and regulatory framework highly focusing on patient safety as one of the main objectives in addition to maintaining high treatment efficacy standards are expected to augment the market.

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Europe was the second largest market for surgical drills due to enhanced health care processes and increasing oral as well as neurological surgery procedures. Moreover, rising geriatric population is expected to propel the market in the region. Improving health care infrastructure and increasing patient awareness about substitute treatment options are projected to drive the market in Asia Pacific. Rising medical tourism in the region is also likely to contribute to market growth. Countries in Latin America such as Mexico and Brazil are expected to have considerable potential in the market due to evolving medical structure and high disposable income.

Major players operating in this market include Zimmer Biomet, Stryker Corporation, Surgionix Ltd., LaVezzi Precision, Inc., De Soutter Medical, Medtronic plc, B. Braun, and Rimec.

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