Surgical Drills Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Surgical Drills Market Analysis
The surgical drills market is projected to register a CAGR of 5.6% during the forecast period.
The COVID-19 pandemic impacted the growth of the surgical drill market. For instance, an article published by the journal Updates in Surgery in May 2021 reported that the spread of the SARS-CoV2 virus profoundly impacted the surgical community. The article also stated that an online survey conducted in Italy reported that there was a reduction in elective and emergency surgical activity during the COVID-19 pandemic. Thus, the use of surgical drills got significantly reduced during the COVID-19 pandemic, thereby impacting the growth of the surgical drill market. However, in the current scenario, with the reduction in COVID-19 cases, elective and emergency surgical procedures have resumed. Therefore the demand for surgical drills may increase compared to the beginning of the pandemic. Thus, the surgical drills market is expected to witness significant growth over the forecast period.
The factors driving the growth of the surgical drills market are the increasing number of surgeries and technological advancements. For instance, in 2021, The Aesthetic Society Databank reported that surgical procedures increased by 54% in the United States in the year 2021. The source also reported that 461,098 liposuction procedures, 364,753 breast augmentation procedures, and 242,939 abdominoplasty surgical procedures were performed in the year 2020-2021 in the United States. Thus, such a high number of surgical procedures may increase the demand for surgical drills.
Similarly, an article published by the journal BMC Health Services Research in July 2022 reported that a cross-sectional study with retrospective data review was conducted in 172 health facilities from December 30, 2020, to June 10, 2021, that stated 69,717 major and minor surgeries were performed in Ethiopia during the mentioned period. Thus, with such a high number of surgical procedures performed, the demand for surgical drills is constantly growing, thereby contributing to the growth of the studied market.
Furthermore, technological advancements and new product launches are expected to drive the growth of the studied market. For instance, in June 2021, German-based Joimax reported the global launch of its new generation Shrill, the shaver drill system, the shaver drill system. The device is developed for the removal of soft tissue and bone. The Joimax shrill system is also effective in treating stenosis, a degenerative spine condition.
Thus, due to the increasing number of surgeries and technological advancements, the market is expected to witness significant growth over the forecast period. However, post-surgical complications associated with surgical drills are expected to restrain the growth of the surgical drills market.
Surgical Drills Market Trends
This section covers the major market trends shaping the Surgical Drills Market according to our research experts:
Pneumatic Drills is expected to Witness Significant Growth Over the Forecast Period.
A pneumatic drill is used by an orthopedic surgeon to make holes in bones for fixing immobilization screws, wires, plates, implants, fitting prosthetic devices, etc. The pneumatic surgical drills segment is expected to witness significant growth over the forecast period owing to its increasing use in orthopedic and dental surgeries.
The high number of dental surgical procedures is increasing the demand for pneumatic surgical drills, thereby driving the growth of this segment. For instance, in 2021 Saudi Arabia Ministry of Health reported that 531,237 restorative dentistry procedures, 226,780 endodontics surgical procedures, and 150,385 orthodontics surgical procedures were performed in Saudi Arabia in the year 2021. Thus, such a high number of dental surgical procedures is increasing the demand for pneumatic surgical drills, thereby driving the growth of this segment.
Additionally, increasing surgical procedures performed globally is further driving the growth of this segment. For instance, in July 2022, the OECD database reported that 38,343 surgeries were performed in Chile, followed by 49,308 surgeries in Denmark, 32,844 surgeries in Ireland, and 94,872 surgeries in Portugal were performed in the year 2021. Thus, such a high number of surgeries may increase the demand for pneumatic surgical drills. thereby driving the growth of this segment.
Thus, a high number of surgical procedures is increasing the demand for pneumatic drills, thereby driving the growth of this segment.
North America is expected to Witness Significant Growth Over the Forecast Period.
North America holds a significant market share in the global surgical drills market and is expected to withstand its position over the forecast period owing to the rising incidence of road accidents and the increasing need for orthopedic procedures. Also, product approvals and partnerships between key market players are driving the demand for surgical drills in the region.
The rising number of surgical procedures is expected to drive the growth of this market in the region. For instance, in 2021 Canadian Institute for Health Information (CIHI) reported that 51,660 hip replacement surgery, 51,599 knee replacement surgery, and 50,415 fracture surgeries were performed in Canada during 2020-2021. Thus, such a high number of surgical procedures is expected to increase the demand for surgical procedures, thereby driving the growth of the studied market in the region.
Additionally, the high number of road fatalities may lead to a high number of surgeries, which may increase the demand for surgical drills, thereby driving the growth of the studied market. For instance, International Transport Forum 2021 published Mexico's Road Safety Report, which stated 13,630 road fatalities were reported in Mexico during 2020-2021. Thus, such a high number of road fatalities may contribute to the growth of the studied market in the country.
Moreover, the presence of skilled surgeons in the region is also expected to drive the growth of the studied market in the region. For instance, an article published by NCBI in October 2021 reported that quality training for orthopedic surgeons is leading to increasing orthopedic surgical procedures in the United States, thereby contributing to the growth of the studied market in the region.
Furthermore, product approvals and partnerships between key market players are expected to drive the growth of the studied market. For instance, in January 2021, Medtronic's Midas Rex high-speed drills navigated the interbody and disc prep platform with the Mazor robotic guidance system and received USFDA clearance. Thus, such product approvals are expected to contribute to the growth of the studied market in the region.
Thus, due to a high number of orthopedic surgical procedures, high road fatalities, the presence of highly skilled orthopedic surgeons, and product approvals, the market is expected to witness significant growth in the region.
Surgical Drills Industry Overview
The surgical drills market is very competitive, with most players competing to increase market shares. Strong competition and 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 PLC, Millennium Surgical Corp, Altra Industrial Motion Corp. (Portescap US Inc.), Stryker Corporation, Traumec Health Technology, and Zimmer Biomet Holdings Inc.
Surgical Drills Market Leaders
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Portescap
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GMI ilerimplant group
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Medtronic PLC
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Stryker Corporation
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Zimmer Biomet Inc.
*Disclaimer: Major Players sorted in no particular order
Surgical Drills Market News
- June 2022: Grage's team launched Hubly Surgical. It is a lightweight neurosurgical drill that offers key advantages over conventional drills used to gain access to the brain in cases of stroke, aneurysm, trauma, or other emergencies.
- April 2022: X-Nav Technologies received USFDA clearance to expand its use for X-Guide Dynamic Surgical Navigation System to aid dentists in delivering minimally invasive endodontics procedures.
Surgical Drills Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Number of Surgeries
4.2.2 Technological Advancements
4.3 Market Restraints
4.3.1 Post Surgery Complications associated with Procedures
4.4 Porter Five Forces
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Type of Drills
5.1.1.1 Pneumatic Drills
5.1.1.2 Electric Drills
5.1.1.3 Battery Powered Drills
5.1.2 Accessories
5.2 By Application
5.2.1 Orthopedic Surgeries
5.2.2 Dental Surgeries
5.2.3 ENT (Ear, Nose, Throat) Surgeries
5.2.4 Other Applications
5.3 By End User
5.3.1 Hospitals & Clinics
5.3.2 Ambulatory Surgery Centers
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Apothecaries Sundries Manufacturing Co.
6.1.2 Bioanalytical Systems, Inc.
6.1.3 GMI Ilerimplant Group
6.1.4 Medtronic PLC
6.1.5 Millennium Surgical Corp
6.1.6 Altra Industrial Motion Corp. (Portescap US Inc.)
6.1.7 Stryker Corporation
6.1.8 Traumec Health Technology
6.1.9 Zimmer Biomet Holdings Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Surgical Drills Industry Segmentation
As per the scope, a surgical drill is an instrument used to bore holes in the bone to attach surgical pins, plates, or screws or remove decay and reshape teeth in preparation for a filling. The Surgical Drills Market is segmented by Product (Type of Drills and Accessories), Application (Orthopedic Surgeries, Dental Surgeries, ENT (Ear, Nose, Throat) Surgeries, Other Applications), End-Users (Hospitals and Clinics, Ambulatory Surgery Centers and Other End-Users) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers values (in USD million) for the above segments.
| By Product | |||||
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| Accessories |
| By Application | |
| Orthopedic Surgeries | |
| Dental Surgeries | |
| ENT (Ear, Nose, Throat) Surgeries | |
| Other Applications |
| By End User | |
| Hospitals & Clinics | |
| Ambulatory Surgery Centers | |
| Other End Users |
| Geography | ||||||||
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Surgical Drills Market Research FAQs
What is the current Global Surgical Drills Market size?
The Global Surgical Drills Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in Global Surgical Drills Market?
Portescap, GMI ilerimplant group, Medtronic PLC, Stryker Corporation and Zimmer Biomet Inc. are the major companies operating in the Global Surgical Drills Market.
Which is the fastest growing region in Global Surgical Drills Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Surgical Drills Market?
In 2024, the North America accounts for the largest market share in Global Surgical Drills Market.
What years does this Global Surgical Drills Market cover?
The report covers the Global Surgical Drills Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Surgical Drills Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the latest advancements in surgical drill technology?
The latest advancements in surgical drill technology are a) Potential for robotic assistance b) Improved navigation systems c) Integration with imaging technologies
Surgical Drills Industry Report
The global surgical drills market is experiencing significant growth, driven by the increasing prevalence of chronic diseases, rising geriatric population, and advancements in surgical technologies. Essential in orthopedic, dental, and neurological surgeries, surgical drills are in high demand. The market offers a diverse range of pneumatic, electric, and battery-powered drills, tailored for specific applications in hospitals, clinics, and ambulatory surgical centers. Growth is particularly strong in North America and Asia-Pacific, due to robust healthcare infrastructure, high incidence of road accidents, and an increasing number of surgical operations. Key players are investing in R&D to innovate and enhance product offerings, boosting the surgical drills market share. Market trends indicate a steady rise in opportunities, propelled by technological advancements and a growing number of surgeries worldwide. For detailed statistics on the surgical drills market share, size, and revenue growth rate, access a free report PDF download from 糖心vlog传媒鈩� Industry Reports, which includes a market forecast outlook and historical overview.
