Global Surgical Drills Market

Surgical Drills Market Size, Share, Growth Analysis, By Product(Pneumatic Drills, Electric Drills), By Application(Orthopedic Surgery, Neurosurgery) - Industry Forecast 2024-2031

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

Surgical Drills Market News

  • 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.
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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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