Surgical Drills Market Research Report – Global Forecast till 2030

Surgical Drills Market Research Report: by Product (pneumatic drills, electric drills, and others), By Application (orthopedic surgery, neurosurgery, dental surgery, and others) By End-user (Hospitals & clinics, and others) -Forecast Till 2030

ID: MRFR/MED/5570-HCR | November 2022 | Region: Global | 130 Pages         

Surgical Drills Market

The Global surgical drills market is projected to grow at a CAGR of 5.90% over the forecast period 2022-2030.

Segmentation

By Product pneumatic drills electric drills others
By Application orthopedic surgery neurosurgery dental surgery
By End-user Hospitals & clinics others

Key Players

  • Adeor medical AG
  • AlloTech Co.Ltd.
  • Arthrex Inc.
  • Braun Melsungen AG
  • CONMED Corporation
  • De Soutter Medical
  • DePuy Synthes
  • Medtronic plc
  • Stryker Corporation
  • Zimmer Biomet Holdings Inc.

Drivers

  • Increasing number of orthopedic and dental surgeries
  • High awareness about the dental hygiene and high disposable income
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Surgical Drills Market Overview


The Surgical Drills Market is anticipated to reach USD 1,266.72 Million by 2030 at 5.90% CAGR during the forecast period 2022-2030. In general, surgical drills are considered the drill machines widely used for different surgical procedures. The surgical drill has different functionality that includes cutting, drilling, and boreholes in the bone while attaching the surgical plates, pins, and screws. 


Nowadays, many types of surgical drills are getting available in the market, including battery-powered drills, pneumatic drills, and electric drills. The global Surgical drills market growth is fuelling in the forecast period due to the increasing awareness about dental hygiene, rising number of dental surgeries and orthopaedics, and high disposable income across the globe. This market has been classified based on various applications such as dental surgeries, ENT surgeries, and orthopaedic surgeries.


The World Health Organization report states that nearly 26% of people belonging to 65-69 years in the US are currently suffering from toothlessness or edentulism. The rising cases of toothlessness or edentulism is another biggest reason for the growth of the Surgical Drills Market. Moreover, the technological advancements in the field of surgical drills are projected to bring significant opportunities for the global market during the forecast period.


Segmentation


The global surgical drills market has been segmented into product, application and end-user.


Based on products, the market has been segmented into, pneumatic drills, electric drills, battery powered drills, accessories, and others. The pneumatic drills segment is expected to account for the largest share in the global surgical drills market in 2017. This large share is majorly attributed to the wider acceptance of the devices, and better patient compliance as compared to other products.


Based on application, the market has been segmented into orthopedic surgery, neurosurgery, ENT, dental surgery, and other. The orthopedic surgery segment is expected to account for the largest share in the global surgical drills market in 2017 followed by dental surgery segment.


Based on end-users, the market has been segmented into hospitals & clinics, ambulatory surgical centers, academic and research institutes, and others. The hospitals & clinics segment is expected to account for the largest share in the global surgical drills market in 2017. At the same time, the increasing establishments of the ambulatory surgical centers in the developed and developing countries has led this segment to grow at the fastest rate during the forecast period.


Based on the regions, the market for surgical drills is segmented in to, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The surgical drills market in the Americas region has further been segmented into North America and South America, where-in the North American market is further divided into the US and Canada.


European surgical drills market has been segmented into Western Europe and Eastern Europe where-in Western Europe region is further divided into Germany, France, the UK, Italy, Spain, and the rest of Western Europe.  


The surgical drills market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The surgical drills market in the Middle East & Africa has been segmented into regions such as the Middle East and Africa.


Regional Market Summary


Global Surgical Drills Market Share (%), by Region, 2017



Source: White Papers, Company Presentations, Annual Reports


Geographically, the Americas is anticipated to dominate the global surgical drills market owing to the rising number of the orthopaedic surgeries, increasing awareness about dental hygiene leading to increase in dental procedures and surgeries. The development of the better surgical approaches and advanced treatment procedures have affected the growth of the American market in a positive way. Moreover, high awareness among American population, state of the art medical infrastructure, high disposable income, are some of the many factors that drive the growth of the surgical drills market in this region.


Europe is expected to hold the second largest market share in the global surgical drills market. The market growth in this region is majorly attributed to the increasing government support for the device manufacturers. Geographical expansion of companies has led to the wider reach of the medical products and services which has brought a huge change in terms of the acceptance and implementation of the new products as well as procedures. Similarly, Asia-Pacific region has observed a rapid growth in the surgical drills market owing to the development in the medical sector in developing countries like India and China. Moreover, increase in government funding for healthcare, rising R&D expenditure, and growing number of medical device companies in the region has led to its fastest growth during the forecast period. The Middle East & Africa region is anticipated to show minor growth opportunities in the surgical drills market during the forecast period.


Global Surgical Drills Market, by Product:



  • Pneumatic Drills

  • Electric Drills 

  • Battery Powered Drills

  • Accessories

  • Others


Global Surgical Drills Market, by Application:



  • Orthopedic Surgery

  • Neurosurgery 

  • ENT

  • Dental Surgery

  • Others


Global Surgical Drills Market, by End-user:



  • Hospitals & Clinics 

  • Ambulatory Surgical Centers

  • Academic and Research Institutes

  • Others


Global Surgical Drills Market, by Region:



  • Americas

    • North America

      • US

      • Canada



    • South America



  • Europe

    • Western Europe

      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe



    • Eastern Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  •  Middle East & Africa

    • Middle East

    • Africa




Global surgical drills market, by Key Players:



  • Adeor medical AG

  • AlloTech Co.Ltd.

  • Arthrex Inc.

  • Braun Melsungen AG

  • CONMED Corporation

  • De Soutter Medical

  • DePuy Synthes

  • Medtronic plc

  • Stryker Corporation

  • Zimmer Biomet Holdings, Inc.

  • Others


Recent Development


In September 2021, the prominent player Stryker announced its acquisition with Menlo Park-based Gauss Surgical. It has resulted in the development of an artificial intelligence-enabled platform called Triton TM. The Gauss Surgical has developed it with an aim to monitor the blood loss in real-time that usually occurs during the surgery.

Intended Audience:



  • Surgical Drill Manufacturers and Distributors

  • Drilling Accessories Manufacturers and Distributors

  • Dental and Medical Device Companies

  • Contract Research Organizations

  • Academic and Research Institutes

  • Government Associations


 



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Frequently Asked Questions (FAQ) :

The surgical drill market has the opportunity to grow with a CAGR of 5.90% during the forecast period of 2022-2030.

The surgical drills market has product types like electric drills, pneumatic drills, accessories, battery-powered drills, and others

The surgical drills market has end users like academic & research institutes, ambulatory surgical centers, hospitals & clinics, and others.

The Americas has the opportunity of retaining its dominant market position in the coming years.

The surgical drills market has the possibility to benefit from companies like AlloTech Co.Ltd. Arthrex Inc., Adeor medical AG, Stryker Corporation, CONMED Corporation, B.Braun Melsungen AG, Medtronic plc, De Soutter Medical, DePuy Synthes, and Zimmer Biomet Holdings, Inc.