Surgical drills fall under precision medical instrument essentially used to drill bones of patients as a part of surgical procedures in a wide range of medical specialties, including neurosurgery. Neurosurgical drills are primarily used in ENT and other neurosurgical procedures such as for making absorbable cranial fixation, neurosurgical patties, and spine implants. Motor powered neurosurgical drills have already gained wide traction among surgeons world over.
Technological device advancements need to take care of various concerns to be useful. Neurosurgical drills must meet the various performance requirements, should be easy to handle for operation table staff or clinicians, should be of portable size, and must be able to generate high torque. Rapid and constant advancements in the features of neurosurgical drills keep raising the convenience factor for surgeons, thus having effect on the overall surgical outcome.
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The report offers a granular assessment of the various elements of market dynamics, prevailing technological trends, and untapped avenues. The study takes a critical look at key strategies adopted by various players to consolidate their shares or to stay ahead of their rivals. The findings will help market participants to get a broad overview of the competitive landscape in key regions and an evidence-backed insight into imminent investment pockets.
The report takes a closer look at various trends and developments impacting the current market outlook and expected to shape the emerging growth trajectories in various parts of the globe over the forecast period of 2018–2026. The growing incidence of neurological conditions and the rising prevalence of traumatic injuries of the spine that need surgeries are key factors propelling the growth of the market.
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Substantial advancements made in surgical drills in recent years are catalyzing the growth of the neurosurgical drills market. The market will explore new avenues driven by relentless efforts by numerous globally prominent device manufacturers to bring innovations. The advent of next-generation neurosurgical devices such as in pneumatic and electric power systems that has high precision and which allows for safe grip is a notable factor helping in the rapid expansion of the market. The substantial demand for high-speed electrical surgical drills in neurology is adding to the revenue of the global market. Key enhancement in power delivery technology used in neurosurgical devices bodes well for the market. The rising demand for compact and light neurosurgical drills is a notable factor creating lucrative avenues in the neurosurgical drills market.
The report offers comprehensive insight into the key market dynamics in various regions, lucrative avenues in key regions, and the prevailing regulatory landscape for new product approvals. Some of the regions expected to offer potentially lucrative opportunities to market players could be North America, Europe, and Asia Pacific. Emerging regions all over the world may present large promising prospect in the market. The prominence of these regional markets can be attributed to the presence of robust healthcare infrastructures in developed countries and rapid advancements being made in surgical procedures in numerous emerging nations.