Surgical Drills Market Share, Driver, Demand and Forecast To 2025

Posted by vinit sawant on February 2nd, 2021

Various factors are propelling the surgical drills market growth. Some of these factors according to the Market Research Future report, include rising medical tourism, growing elderly population, changing lifestyle, changing eating habits of consumers, excessive alcohol consumption, rising number of dental and orthopedic surgeries, and rising awareness about dental hygiene. Additional factors pushing market growth include high disposable income, increasing prevalence of chronic diseases that need surgical procedures, upgrading of healthcare equipment and infrastructure, and constant development in surgical drill technology.

The global surgical drills market is predicted to grow at a 4.93% CAGR over the forecast period (2017-2023), states the latest Market Research Future (MRFR) report. A surgical drill, simply put, is a device used for boring holes in bone for attaching screws, plates, or surgical pins or reshaping teeth and removing decay for a filling. These precision instruments help to accommodate different drill bits for catering an array of applications in anything from neurological to dental surgeries. Surgical drills have an extensive range of applications, including ENT, dental surgeries, neurosurgery, orthopedic surgery, and much more.

On the contrary, scarcity of skilled medical professionals and severe government regulations are factors that may restrict the surgical drills market growth over the forecast period.

Market Segmentation

The MRFR report offers a wide segmental analysis of the surgical drills market on the basis of application, product, and end-user.

Based on products, the surgical drills market is segmented into accessories, battery-powered drills, electric drills, pneumatic drills, and others. Of these, the pneumatic drills segment will have the largest share in the market over the forecast period.