Global Surgical Drills Market

Surgical Drills Market Size, Share, Growth Analysis, By Product(Pneumatic Drills, Electric Drills, Battery Powered Drills, Accessories), By Application(Orthopedic Surgery, Neurosurgery, Ear Nose Throat (ENT), Dental Surgery), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35B2168 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 67 |Figures: 66

Surgical Drills Market Insights

Surgical Drills Market size was valued at USD 755.3 million in 2021 and is poised to grow from USD 800 million in 2022 to USD 1340 million by 2030, growing at a CAGR of 5.9% during the forecast period (2023-2030).

The global surgical drills market is projected to expand owing to an upsurge in surgical procedures, advancements in technology, and the growing demand for surgical drill manufacturing. The escalating prevalence of chronic diseases is expected to fuel the demand for various procedures like orthopedic surgery due to an increase in sports-related injuries, dental surgery, and neurosurgery throughout the forecast period. Changing lifestyles, altered consumer eating habits, and an aging population are among the other factors propelling the global market's growth. The primary cause of chronic illnesses and fatalities in the population can be attributed to an unhealthy diet.

Strict government regulations and post-surgery complications also contribute to the market's dynamics. Surgical drills are widely used in treating sports injuries, which significantly contribute to the rising number of bone fractures worldwide. Developed nations boast favorable payment policies for surgical drill treatments of sports injuries. Additionally, there is a growing preference for minimally invasive surgeries in developed economies, which, in turn, will boost the demand for surgical drills. Technological advancements and the development of improved implants have led to an increased need for minimally invasive procedures, driving revenue growth in the Surgical Drills Market.

US Surgical Drills Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 755.3 million

Largest Segment

Orthopedic Surgery

Fastest Growth

Orthopedic Surgery

Growth Rate

5.9% CAGR

Global Surgical Drills Market ($ Bn)
Country Share for North America Region (%)

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Surgical Drills Market Segmental Analysis

The global surgical drills market is segmented on the basis of product, application, end user, and region. By product, the market is segmented into pneumatic drills, electric drills, battery powered drills, accessories, and others. By application, the market is segmented into orthopedic surgery, neurosurgery, ear nose throat (ent), dental surgery, and others. By end user, the market is segmented into hospitals, ambulatory surgical centers, research institutes, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Surgical Drills Market Analysis By Product

Battery-Powered Drills is the most dominant segment in the Surgical Drills market. These drills are increasingly preferred by surgeons and healthcare professionals due to their portability, ease of use, and versatility. Battery-powered drills offer greater flexibility in the operating room and do not require a direct power source, allowing for more efficient and precise surgical procedures.

On the other hand, Pneumatic Drills is the fastest-growing segment in the Surgical Drills market. Pneumatic drills are gaining popularity rapidly due to their ability to deliver high-powered performance and precise control during surgical procedures. These drills are driven by compressed air, providing consistent and reliable power, which is crucial for complex surgeries and procedures that demand accuracy.

Surgical Drills Market Analysis By Application

Orthopedic surgery is the dominant end-user segment in the Surgical Drills market. Orthopedic surgery involves the treatment of musculoskeletal conditions, such as bone fractures, joint disorders, and sports injuries. Surgical drills play a crucial role in various orthopedic procedures, including bone drilling, screw insertion, and plate fixation. The rising incidence of sports-related injuries and age-related musculoskeletal disorders has contributed to the dominance of this segment in the Surgical Drills Market.

On the other hand, dental surgery is the fastest-growing end-user segment in the surgical drills market. Dental surgery focuses on treating conditions related to the teeth, gums, and jaw. The demand for dental surgeries has been rapidly increasing due to the growing awareness of oral health, an aging population with dental issues, and the availability of advanced dental treatments. Surgical drills are extensively used in dental surgeries for procedures like tooth extraction, implant placement, and bone shaping. As a result, the Dental Surgery segment is witnessing significant growth in the Surgical Drills Market.

Global Surgical Drills Market By Application, 2023 (%)

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Surgical Drills Market Regional Insights

The global surgical drills market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America emerges as the dominant segment in the global surgical drills market. The region's dominance is primarily attributed to its well-established healthcare infrastructure, increasing prevalence of chronic diseases, and a high number of surgical procedures being performed. Moreover, technological advancements and a strong presence of key market players further bolster the market growth in North America.

On the other hand, Asia Pacific is considered to be the fastest growing region in the surgical drills market. The rapid growth in this region can be attributed to several factors. Firstly, there is a rising demand for surgical procedures due to an expanding geriatric population and increasing awareness about advanced medical treatments. Secondly, improving healthcare facilities and infrastructure in countries like China, India, and Japan are driving the adoption of surgical drills. Additionally, the availability of skilled healthcare professionals, growing medical tourism, and rising disposable income are contributing to the region's market growth.

Global Surgical Drills Market By Geography, 2024-2031
  • Largest
  • Fastest

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Surgical Drills Market Dynamics

Surgical Drills Market Drivers

Increasing Number of Surgeries:

  • The rising prevalence of chronic diseases and lifestyle-related conditions has led to a higher demand for surgical interventions. Additionally, the aging population is driving the need for surgical procedures, particularly in the fields of orthopedics, neurology, and dental surgery, which subsequently boosts the demand for surgical drills.

Technological Advancements:

  • Continuous advancements in surgical drill technology have led to the development of more efficient and precise tools. These improvements facilitate minimally invasive surgeries, which are becoming increasingly popular due to their benefits such as reduced recovery time, fewer complications, and improved patient outcomes. The demand for surgical drills is, therefore, bolstered by the growing trend of minimally invasive procedures.

Surgical Drills Market Restraints

Limited Acceptance in Developing Nations:

  • In developing countries, there may be a lack of awareness and acceptance of modern surgical equipment like surgical drills. Medical professionals in these regions might prefer traditional surgical approaches, which can hinder the adoption of advanced surgical drills and restrain market growth in these areas.

Stringent Government Regulations:

  • The manufacturing and distribution of surgical drills are subject to strict regulations and standards set by government bodies. Compliance with these regulations can increase production costs and pose challenges for smaller manufacturers. Additionally, stringent regulatory requirements may also delay product approvals, impacting market growth.

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Surgical Drills Market Competitive Landscape

The global surgical drills market features a competitive landscape characterized by the presence of several key players vying for market share. Established medical device manufacturers and emerging companies compete based on product innovation, quality, pricing, and global distribution networks. Continuous research and development efforts are focused on introducing technologically advanced and minimally invasive surgical drills. Strategic partnerships, mergers, and acquisitions are common strategies to expand their market presence and enhance product portfolios. Additionally, customer support, training, and after-sales services play a vital role in maintaining a competitive edge in this dynamic market.

Surgical Drills Market Top Player’s Company Profile

  • De Soutter Medical – (UK)
  • CONMED - (US)
  • GPC Medical – (India)
  • adeor medical – (Germany)
  • Medtronic – (Ireland)
  • Arthrex - (US)
  • DePuy Synthes - (US)
  • Allotech - (US)
  • Zimmer Biomet - (US)
  • B. Braun Melsungen (B. Braun Holding GmbH & Co. KG) – (Germany)
  • Stryker - (US)

Surgical Drills Market Recent Developments

  • In April 2022: X-Nav Technologies received USFDA clearance to expand the use of the X-Guide Dynamic Surgical Navigation System, assisting dentists in delivering minimally invasive endodontic procedures.
  • In May 2022: Adeor medical AG, a medical device company, launched the Velocity Alpha electric high-speed drill, featuring unique surgical characteristics. It offers the easiest setup and handling, ensuring convenience for the operating room staff.
  • In June 2022: Grage's team introduced Hubly Surgical, a lightweight neurosurgical drill that offers significant advantages compared to conventional drills in accessing the brain during stroke, aneurysm, trauma, or emergency cases.
  • In May 2023: Stryker, a pharmaceutical and medical device company, unveiled the CD NXT System, a powerful medical drill tool. CD NXT's features include automatic cortex-to-cortex measurement, digital readout, one-step drilling, and compatibility with all legacy cordless driver attachments.

Surgical Drills Key Market Trends

  • Increasing Adoption of Minimally Invasive Surgeries:

There is a growing trend towards minimally invasive surgical procedures across various medical specialties. Minimally invasive surgeries offer several advantages over traditional open surgeries, including smaller incisions, reduced trauma to surrounding tissues, faster recovery times, and lower risk of complications. Surgical drills play a crucial role in these procedures, as they are used to create precise holes and incisions. The rising preference for minimally invasive surgeries is expected to drive the demand for advanced surgical drills that are more efficient, precise, and user-friendly.

  • Integration of Technology and Innovation:

The surgical drills market is witnessing a significant integration of technology and innovation. Manufacturers are focusing on developing advanced surgical drill systems with features like improved ergonomics, better control mechanisms, and enhanced safety measures. Additionally, there is a growing emphasis on incorporating robotic-assisted and computer-guided technologies into surgical drill systems, allowing for greater precision and accuracy during procedures. The integration of smart technology and connectivity features is also enabling real-time data monitoring and remote assistance, which enhances surgical outcomes and efficiency. As healthcare providers seek cutting-edge tools to improve patient outcomes, the demand for technologically advanced surgical drills is on the rise.

Surgical Drills Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global surgical drills market analysis, an increasing number of surgeries, technological advancements, and rising demand for surgical drill production. The prevalence of chronic diseases and sports-related injuries is driving the need for orthopedic, dental, and neurosurgeries, boosting the demand for surgical drills. Additionally, changing lifestyles, consumer food patterns, and an aging population further contribute to market expansion.North America emerges as the dominant segment attributed to the increasing prevalence of chronic diseases. Minimally invasive surgeries are gaining popularity, fueled by improved implants and better surgical techniques, propelling the demand for surgical drills. However, challenges remain in developing nations, where acceptance of modern surgical equipment is limited, and traditional approaches prevail. Overall, the surgical drills market continues to exhibit promising growth prospects globally.

Report Metric Details
Market size value in 2023 USD 755.3 million
Market size value in 2031 USD 1340 million
Growth Rate 5.9%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Pneumatic Drills, Electric Drills, Battery Powered Drills, Accessories, and Others.
  • Application
    • Orthopedic Surgery, Neurosurgery, Ear Nose Throat (ENT), Dental Surgery, and Others.
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • De Soutter Medical – (UK)
  • CONMED - (US)
  • GPC Medical – (India)
  • adeor medical – (Germany)
  • Medtronic – (Ireland)
  • Arthrex - (US)
  • DePuy Synthes - (US)
  • Allotech - (US)
  • Zimmer Biomet - (US)
  • B. Braun Melsungen (B. Braun Holding GmbH & Co. KG) – (Germany)
  • Stryker - (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Surgical Drills Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Surgical Drills Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Surgical Drills Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Surgical Drills Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surgical Drills Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Surgical Drills Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Surgical Drills Market size was valued at USD 755.3 million in 2021 and is poised to grow from USD 800 million in 2022 to USD 1340 million by 2030, growing at a CAGR of 5.9% during the forecast period (2023-2030).

The surgical drills market features a competitive landscape characterized by the presence of several key players vying for market share. Established medical device manufacturers and emerging companies compete based on product innovation, quality, pricing, and distribution networks. Continuous research and development efforts are focused on introducing technologically advanced and minimally invasive surgical drills. Strategic partnerships, mergers, and acquisitions are common strategies to expand their market presence and enhance product portfolios. Additionally, customer support, training, and after-sales services play a vital role in maintaining a competitive edge in this dynamic market. 'De Soutter Medical – (UK)', 'CONMED - (US)', 'GPC Medical – (India)', 'adeor medical – (Germany)', 'Medtronic – (Ireland)', 'Arthrex - (US)', 'DePuy Synthes - (US)', 'Allotech - (US)', 'Zimmer Biomet - (US)', 'B. Braun Melsungen (B. Braun Holding GmbH & Co. KG) – (Germany)', 'Stryker - (US)'

The rising prevalence of chronic diseases and lifestyle-related conditions has led to a higher demand for surgical interventions. Additionally, the aging population is driving the need for surgical procedures, particularly in the fields of orthopedics, neurology, and dental surgery, which subsequently boosts the demand for surgical drills.

Increasing Adoption of Minimally Invasive Surgeries:

The surgical drills market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America emerges as the dominant segment in the surgical drills market. The region's dominance is primarily attributed to its well-established healthcare infrastructure, increasing prevalence of chronic diseases, and a high number of surgical procedures being performed. Moreover, technological advancements and a strong presence of key market players further bolster the market growth in North America.

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Global Surgical Drills Market

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