According to a new report published by Allied Market Research, titled, โSurgical Drills Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” Surgical drill is a medical instrument used to make holes in the bone for attaching plates, surgical pins, or screws and is also used in dental surgeries to scrap off decay and reshape the teeth as a preparation for tooth filling. Additionally, these drills are implemented in wide range of surgical interventions including ENT, dental surgery, neurosurgery as well as orthopedic surgeries. There exist a variety in surgical drills depending upon the source from which they are powered. These include electric drills, pneumatic drills, battery powered drills and others. Surgical drills offer precision and thus have simplified the difficult task of a surgeon and minimized the surgery time to some extent. Due to recent advents, surgical drills are integrated with use of laser technology, endoscopy, robotics-assisted drilling as well as inclusion advanced imaging systems to guide drilling which has made surgical drills one of the most advanced tool in the surgical interventions.
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COVID-19 Scenario Analysis
- The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses
- Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth
- Over 4 million people affected globally, with 300 thousand losing their lives due to SARS-CoV-2
- Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers
- Due to diversion of medical field towards treating COVID-19, the funding to R&D activities related to surgical drills has been reduced and this segment have to face negligence subsequently causing negative impact on surgical drills market
Growing incidences of surgical procedures owing to increase in sports injuries, road accidents, orthopedic surgeries, dental surgeries, and others due to rising prevalence of orthopedic diseases, dental problems, and other chronic health conditions wherein a surgical intervention is inevitable is the major driving force behind the surgical drills market. Surging prevalence of chronic ailments across the world is expected to augment the growth for this market as curative treatment for curing these diseases such as orthopedic disorders implements surgical drills extensively while performing a surgical procedures. Since the last decade, a sudden upsurge has been witnessed in the rate of acceptance of these instruments, especially in conducting various orthopedic surgeries. These tools are attributed with higher efficiency, better cost-effectiveness and accuracy in comparison with conventional high-end orthopedic drills powered by battery. Moreover, these surgical instruments are easy to use, highly durable and need low maintenance owing to which they are gaining significant popularity. These considerable benefits pertaining to use of these products will surge the demand for them in the market.
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The key players profiled in this report include Stryker Corporation, Medtronic plc., Zimmer Biomet Holdings Inc., DePuy Synthes, CONMED Corporation, De Soutter Medical, Adeor Medical AG, AlloTech Co. Ltd., Arthrex Inc., and B.Braun Melsungen AG.
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- This study presents the analytical depiction of the global surgical drills industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global surgical drills market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global surgical drills market analysis based on competitive intensity and how the competition will take shape in coming years.
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