Global Surgical Drills Market Is Estimated To Witness High Growth Owing To Rising Orthopedic Surgeries and Growing Prevalence of Orthopedic Diseases


Overview:

Surgical drills may be either air or electric powered and are typically made from a medical grade material such as Stainless Steel 455. A variety of accessories and features can be added to the standard surgical drill to improve its versatility. The uses of surgical drills are numerous and varied, ranging from simple hole making for screw placement to bone drilling for preparing a site for a bone fracture to aid in bone healing. The most common use is to pre-drill holes for 3.5mm orthopedic screws which are commonly used to fix fractures in the tibia, fibula, femur, radius and ulna. The 3.5mm screw is also the most commonly used orthopedic bone screw size to fix broken bones in the knee, hip and foot. Drills can generate excessive heat during machining of dense bone and this can damage adjacent tissue such as blood vessels, nerves or sinus membranes.

Market Dynamics:

Rising collaborations among key players is estimated to augment growth of the global surgical drills market during the forecast period. For instance, medical technology company THINK Surgical, Inc., and Concordia University, collaborated in April 2022. They initiated a collaborative project for inventing artificial intelligence-based surgical equipment that can assists in orthopedic surgeries. Moreover, lack of proper healthcare facilities and lower investments in under developed countries is anticipated to restrain growth of the global drills market during the forecast period.

Impact of COVID-19:

The pandemic was declared as a global public health emergency in 2020, by the World Health Organization. During the pandemic people were forced to stay indoors, social distancing rules were imposed. Many countries implemented strict nationwide lockdowns for preventing spread of the virus. These measures had significant impact on the growth of many markets globally. The healthcare sector was facing shortage of resources, medical consumables, drugs, hospital beds and skilled healthcare professionals. To overcome all these problems, all resources were being utilized for treating COVID-19 patients. Many surgeries were delayed owing to these shortages. This had a negative impact on the growth of the global surgical drills market.

Key Takeaways:



The global Surgical Drills Market size is estimated to be valued at US$ 604.7 million in 2023 and is expected to exhibit a CAGR of 7.91% between 2023 and 2030. Gauss Surgical created an artificial intelligence-enabled platform Triton TM, for monitoring of blood loss during surgery in real-time.

North America is anticipated to witness robust growth in the global drills market during the forecast period, due to growing incidence of road accidents and rising need for orthopedic procedures.

Key players active in the global surgical drills market are Aygun Co Inc, Apothecaries Sundries Manufacturing Co., AesculapInc, Bioanalytical Systems, Inc., Brasseler USA, GMI Ilerimplant Group, Zimmer Biomet Holdings Inc., GMI Ilerimplant Group, Traumec Health Technology, Medtronic PLC, Stryker Corporation, Millennium Surgical Corp, Nouvag AG, Altra Industrial Motion Corp., MatOrtho Limited, and Johnson & Johnson.


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