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A surgical drill is the instrument used for the purpose of boring holes in bones to attach surgical pins, plates, and screws during surgeries. They are also used for decay removal in dentistry. The process of drilling of bone is seen in many fields of surgery including orthopedics, plastics, and reconstructive, craniomaxillofacial, neurosurgery, and ENT. Drilling is the conversion of mechanical work energy into thermal energy causing a rise in temperature of bone and soft tissues above psychological levels. The devices are precise instruments consisting of various different drill bits used in a wide range of applications which include dental, neurological surgeries, orthopedics, and others. Furthermore, drill-bits are used in preparation of anterior cruciate ligament reconstruction which is considered as bone tunnels.
Rise in surgical procedures related to dental and orthopedic, rise in chronic disorders and trauma conditions, rise in sports injuries, increase in access to healthcare facilities, and others are the factors that are driving the growth of the market during the forecast period. According to WHO, it is anticipated that 234.2 million operations were performed globally in 2004, which indirectly influenced the usage of surgical drills leading to growth of the market during the forecast period. Moreover, the manufacturer's interest in developing the new product portfolio with advanced technologies to capture more market share is triggering the growth of the market. For instance, new products are developed to overcome complications associated with conventional procedures of surgeries which include postoperative complications, minimally invasive surgeries, and others.
Key Market Driver -
Rise in surgeries related to dental and orthopedic departments.
Key Market Restraint -
stringent regulations and inadequate sterilization process.
However, the dearth of skilled professionals, stringent regulations, inadequate sterilization process, insufficient quality assurance, lack of acceptance of advanced surgical instruments, and others are hampering the growth of the market. For instance, according to studies, it is anticipated that the annual incidence of surgical site infection (SSI) in the U.S. is 1.07% accounting for 8,000 deaths associated with SSI.
Globally, the surgical drill market is segmented on bases of product type, applications, modality, and region. Based on the product type, the market is segmented into pneumatic drills, electric drills, battery powered, accessories, and others. Based on the applications, the market is classified into neurosurgeries, orthopedic, dental, ENT, and others. Based on the modality, the market is bifurcated into reusable and disposable. Based on the end users, the market is segmented into hospitals, ACS’S, and others.
Geographically, the surgical drill market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The major companies in the global Surgical Drill Market are Zimmer Biomet, Stryker, Medtronic, B. Braun Medical Inc., Johnson & Johnson Services, Inc., McGinley Orthopedics, CONMED Corporation, and others.
Geographically, the Surgical Drill market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating the market owing to rise in the number of surgeries, huge investment in the healthcare industry, and the quick adoption of technology. It is estimated that bone fracture is second most contributor of the market in U.S accounting for 20% of population being injured during sports.
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Europe is the second-largest contributor to the market owing to an increase in health care awareness related to sleep apnea, increased capita income expenditure, increased healthcare infrastructure. Asia Pacific is anticipated to experience vast growth in the market owing to rise in geriatric population, an increase in healthcare awareness, and an increase in government initiatives towards the healthcare sector, and an increase in the number of research activities. Latin America and Middle East are also anticipated to experience lucrative growth in the market
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