Surgical Drill Market Thumbnail Image

2022

Surgical Drill Market

Surgical Drill Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, by Application, by End User : Global Opportunity Analysis and Industry Forecast, 2021-2031

LS : Medical Devices & Supplies

Select an option
Author's: Prathmesh Santosh Bhasme | Roshan Deshmukh
Publish Date:

Get Sample to Email

Surgical Drill Market Research, 2031

The global surgical drill market was valued at $983.55 million in 2021, and is projected to reach $1.52 billion by 2031, growing at a CAGR of 4.4% from 2021 to 2031. A surgical drill is an instrument used to bore holes in bone for the attachment of surgical pins, plates, or screws or to remove decay and reshape teeth in preparation for a filling. 

Surgical Drill Market, Surgical Drill Market Size, Surgical Drill Market Share, Surgical Drill Market Analysis, Surgical Drill Market Growth, Surgical Drill Market Opportunity, Surgical Drill Market Trends, Surgical Drill Market Forecast

The growth of the global Surgical Drill Market Size is majorly driven by increase in incidences of road accidents and rise in number of surgical operations. For instance, according to U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), in 2020, estimated 38,680 people died in motor vehicle traffic crashes. In addition, increase in awareness about advanced surgical procedures and rise in healthcare expenditures contribute to the Surgical Drill Market Growth.

Furthermore, rise in number of geriatric population drives the growth of market. For instance, as per the report by Eurostat, the statistical office of the European Union, in 2021, more than 20.8 % of the EU population was aged 65 and over. The old age people are more prone to chronic diseases and infections for which surgeries are suggested. In addition, geriatric population can get bone fracture easily owing to low bone density and weak ability to regenerate bones.

Moreover, increase in R&D activity for advancements in surgical drils, product launch, and product approvals contribute to the growth of market. In June 2021, Joimax, the market leader in technologies and training methods for full-endoscopic and minimally invasive spinal surgery, announced the launch of its new generation Shrill, the Shaver Drill System. Developed for the removal of soft tissue and bone, the Joimax Shrill system is also highly effective in treating stenosis, a degenerative spine condition.

In addition, increase in R&D activities and integration of advanced navigation system & robotics with surgical operations further contribute to the growth of market. For instance,  in April 2022, X-Nav Technologies, LLC, a leading creator of image-guided and robot-assisted surgical products, received clearance from the U.S. food and drug administration (FDA) to expand the use of its X-Guide Dynamic Surgical Navigation system to aid dentists in delivering minimally invasive endodontic procedures.

Furthermore, increase in prevalence of dental problems, growth in demand for dental implants, and advancements in dental surgeries drive the growth of Surgical Drill Industry. For instance, according to report of world health organization (WHO) updated on March 2022, globally, it is estimated that 2 billion people suffer from caries of permanent teeth and 520 million children suffer from caries of primary teeth. Thus, increase in prevalence of tooth carries drives the growth of Surgical Drill Market Size.

Furthermore, growth in number of surgical procedures, increase in access to health care facilities globally, and surge in health care expenditure drive the growth of market. For instance, according to American Medical Association (AMA), health spending in the U.S. increased by 9.7% in 2020 to $4.1 trillion or $12,530 per capita. Moreover, rise in government initiatives to provide advanced surgical facilities propels the growth of market. In addition, rise in medical tourism services such as dental tourism and ambulatory surgical clinics drive the growth of Surgical Drill Industry. The medical tourism provides healthcare services at lower cost, which contributes in the adoption of medical services

The surgical drill market is segmented into Product, Application and End User.

By product segment, the market is divided into instrument and accessories. The instruments segment is further sub-categorized as pneumatic drills, electric drills and battery powered drills.

Depending on application segment, market is classified into orthopedic surgery, neurosurgery, ear nose throat, dental surgery and others.

By end user segment, the market is categorized into hospitals, clinics, ambulatory surgical centers, and others.

By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Arabia, South Africa, and LAMEA).

Surgical Drill Market by Product

Depending on product, instrument segment dominated the Surgical Drill Market Share in 2021, and this trend is expected to continue during the forecast period, owing to advancements in surgical drill and increasing prevalence of dental disorders. However, the accessories segment is expected to witness considerable growth during the forecast period, due to increase in number of surgeries and product launch in market.

Surgical Drill Market by Application

On the basis of application, the orthopedic surgery segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to increase in prevalence of bone disorders and rise in incidence of road accidents. However, the dental surgery segment is expected to witness considerable growth during the forecast period, due to increase in R&D for injectable drugs and new product launch.

Surgical Drill Market by End User

By end user, the hospitals segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to rise in number of hospitals and increase in demand for advanced treatment. However, the clinics segment is expected to witness considerable growth during the forecast period, due to increase in number of dental clinics and rise in healthcare expenditure.

Surgical Drill Market by Region

Depending on the region, North America garnered the major share in the surgical drill market in 2021, and is expected to dominate the global market during the forecast period, owing to increase in product launch in region, well established healthcare infrastructure and presence of key players. However, Asia-Pacific is expected to register the significant growth, owing to a rise in incidence of road accidents, development in healthcare infrastructure, and high population base.

Key Benefits For Stakeholders

  • This report provides a quantitative Surgical Drill Market Analysisof the market segments, current trends, estimations, and dynamics of the Surgical Drill Market Forecast from 2021 to 2031 to identify the prevailing Surgical Drill Market Opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the surgical drill market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global surgical drill market trends, key players, market segments, application areas, and market growth strategies.

Surgical Drill Market Report Highlights

Aspects Details
icon_5
By Product
  • Instrument
    • Type
      • Pneumatic Drill
      • Electric Drill
      • Battery Powered Drill
  • Accessories
icon_6
By Application
  • Orthopedic Surgery
  • Neurosurgery
  • Ear Nose Throat
  • Dental Surgery
  • Others
icon_7
By End User
  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Others
icon_8
Key Market Players

Zimmer Biomet Holdings, Inc., Johnson & Johnson, Joimax Inc., Allotech Co., Ltd, Medtronic plc, ClearPoint Neuro, Inc., Brasseler USA, MicroAire Surgical Instruments, LLC., Stryker Corporation, De Soutter Medical Ltd, Sofemed, Arthrex Inc, ConMed Corporation, GPC Medical Ltd., Marver Med, Adeor Medical AG, B Braun Melsungen AG

Analyst Review

This section provides the opinions of the top level CXOs in the surgical drill market. According to the CXOs, surgical drill is the tool used to bore holes in bone for any surgical procedures. 

The surgical drill type includes the medications such as pneumatic drills, electric drills, and battery powered drills. The surgical drills are used in various surgical operations such as neurosurgeries, orthopedic surgery, and dental procedures.

The factors such as increase in prevalence of orthopedic diseases, advancements in surgical drill tools, and surge in adoption of navigated & robotics in surgical drills drive the growth of surgical drill market. In addition, increase in geriatric population and rise in healthcare eexpenditures of patients are expected to contribute in the growth of the surgical drill market.

North America is expected to witness the highest growth, in terms of revenue, owing to rise in incidences of road accidents, the presence of key players for manufacturing & developing of advanced surgical drills, and well-established healthcare infrastructure in the region.

However, the high cost of surgical drill machines and underdeveloped health care infrastructure in developing countries can hamper market growth.

Author Name(s) : Prathmesh Santosh Bhasme | Roshan Deshmukh
Frequently Asked Questions?

The total market value of Surgical Drill market is $983.55 million in 2021.

The forecast period in the report is from 2022 to 2031

North America is the largest regional market for Surgical Drill.

The key trends in the Surgical Drill market are by an increase in the prevalence of orthopedic diseases; and advancements in surgical drills.

The key players operating in the global surgical drill market are Stryker, Johnson & Johnson, ConMed Corporation, B.Braun, Arthrex Inc., Medtronic, GPC Medical, Joimax, ClearPoint Neuro, De Soutter Medical, Allotech Co., Ltd, Zimmer Biomet, Adeor Medical AG, Sofemed, MicroAire, MarverMed. and Brasseler USA

The market value of Surgical Drill market in 2022 was $1040.6 million.

The base year for the report is 2021.

Asia-Pacific is expected to register the highest CAGR of 6.3% from 2021 to 2030, owing to increase in number of hospitals, a rise in number of ankylosing spondylitis patients, and high population.

Loading Table Of Content...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Surgical Drill Market

Global Opportunity Analysis and Industry Forecast, 2021-2031