- Growing number of surgical procedures due to the sports injuries, accidents, dental surgeries, orthopedic surgeries owing to a high prevalence of dental problems, orthopedic diseases and other chronic conditions where the surgery is being suggested as mandatory is the major factor that is driving the Surgical Drills market.

  • According to the World Health Organization, about 26% of people (aged 65-69 years) in the United States suffer from edentulism, also known as toothlessness. The number of Americans aged 65 years and above is projected to be more than double, from the present value of 46 million to about 98 million by 2060. The age group’s (of 64 years and above) share of the total population is expected to increase to about 24% from 15%.
  • Additionally, the growth in the geriatric population worldwide and technological advancements taking place in the respective field are the other factors fuelling the growth of the market globally.



Key Market Trends

Pneumatic Drills dominate the Global Surgical Drills Market

  • Pneumatic surgical drills segment is expected to witness healthy CAGR during the forecast time period. Pneumatic Drills employs pneumatic motors which are operated by expanding compacted air and are most commonly used in dental surgeries.
  • Pneumatic drills offer more torque that enables it easier and faster drill which leads to minimal time consumption under anesthesia and safer surgical procedures.
  • Therefore, an increasing number of dental/oral surgeries is expected to propel the growth of the pneumatic drills segments globally.



North America Dominates the Global Surgical Drills Market

  • North America holds significant market share in the global surgical drills market and is expected to withstand its position over the forecast period owing to the availability of high-skilled surgeons in various fields in the region, rising incidence of road accidents, increasing need for orthopedic procedures and dental procedures is driving the demand for the surgical drills in the region.
  • According to the Association for Safe International Road Travel (ASIRT), over 37,000 people die in road crashes each year, an additional 2.35 million are injured or disabled. Road crashes cost the U.S. $230.6 billion per year or an average of $820 per person Road crashes are the single greatest annual cause of death of healthy U.S. citizens traveling abroad.
  • Moreover, favorable government policies, well-established healthcare infrastructure, and the presence of multinational companies make this region dominant in this market.



Competitive Landscape

Surgical drills market is very competitive with most of the players competing to increase market shares. Strong competition, rapid technological advancements are key factors that confront the market. Key players in the market are Apothecaries Sundries Manufacturing Co., Bioanalytical Systems, Inc., GMI ilerimplant group, Medtronic, Millennium Surgical Corp, Portescap, Stryker, Traumec Health Technology, Zimmer Biomet e.t.c. amongst others.

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