Affordability Drives the Demand for Electrically Powered Neurosurgical Drills in Hospitals

Minimal or non-invasive surgical procedures are gaining popularity among patients and healthcare professionals, owing to reduced time and cost required for hospital stays, recovery time, trauma, and complications arising after the surgery.

These reductions out of pocket costs boost the demand for minimally invasive surgeries. This is particularly true of neurosurgery procedures, which creates a significant requirement demand for newer neurosurgery surgical power tool variants to eliminate irregularities in brain tissues, nerves, and blood vessels. As per a recent study by Future Market Insights on the global neurosurgery surgical power tools market, these factors will positively influence growth at a CAGR of more than 3% through the end of 2019.

Electrical Neurosurgical Drills Gain Prominence

Electrically powered neurosurgical drills are often used as a comparable substitute to pneumatic surgical drills. With the use of electric motors, electric drills are largely reliant on independent power. On the other hand, these devices they can also be powered through wall socket based plugs. Owing to their relative affordability, electric motors are anticipated to see a year on year rate of more than 2%, and a larger market share. On the other hand, pneumatic neurosurgery drills have a faster year on year rate that is higher than 3%.

Electric drills have a key constraint of providing users with lesser power in comparison to pneumatic drills, but it is relatively cost efficient in comparison to pneumatic counterparts. Moreover, the electric cranial drill motor makes use of an electric power source which is used with attachable surgical tools for cutting or specialized drill bits for operating on the skull of the patient. These power tools also have the capability of extracting soft or hard tissue, in treating health issues of the spine.

Hospitals Display Maximum Demand for Neurosurgery Surgical Power Tools

 Apart from the obvious requirements of healthcare, the key aspects that neurosurgery surgical power tools manufacturers are focusing on are the overall image of the brand, market presence, cost of products, and product safety. These factors are primarily driven by the higher incidences of neurological disorders, higher awareness and acceptance of treatments, rising investments in healthcare, technological and design innovations, and improved regulatory guidance.

Hospitals are anticipated to hold one of the highest revenue shares of the neurosurgery surgical power tools market at more than 80% with steady CAGR of more than 3% worldwide, in comparison to CAGR of less than 2% for neurological centers.

On the other hand, the market is adversely affected by the severe shortage of healthcare professionals with the requisite skills, to meet the demands of the huge base of patients with neurological problems. Moreover, a large number of existing healthcare professionals who specialize in neurosurgery practices, are in the latter stages of their lives, which means that the slow rate and poor consistency of medical education in this field falls short dramatically. As a result, manufacturers are increasingly focusing on increasing product penetration and geographical presence.

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About Sandali 225 Articles
A former journalist, Sandali is a content marketer with over 5 years of writing experience, across various industries including Food Innovation, Healthcare, and IoT and Technology. Sandali has been weaving corporate stories for organizations through different forms of impactful marketing content. Her key aim is to strategically align well-crafted narratives with business objectives, translating into a powerful communications platform for the company.