Surgical Drill Market

Report Overview

According to the deep-dive market assessment study conducted by Growth Plus Reports, the global surgical drill market was pegged at US$ 1.2 billion in 2021 and is expected to register a revenue CAGR of 6.1% to reach US$ 2.04 billion by 2030. 

Market Fundamentals 

A surgical drill is a medical device used to make holes in bone for attachment of implants and surgical plates, screws, or remove decay and is used in the neurosurgical procedure, orthopedic surgery, and dental practices. Surgical drills instruments are classified as electric drills, pneumatic drills, and battery drills. Electric drills are used in dental practice, such as root canal treatment, dental implant procedures, and removal of decay. 

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Market Dynamics

The increasing geriatric population and rising prevalence of chronic diseases such as rheumatoid arthritis, osteoporosis, and fractures drive the global surgical drill market revenue growth. Additionally, increasing investment in research & development activities and the introduction of novel products fuel the global surgical drill market revenue. Moreover, a growing number of key players and increasing surgical procedures are contributing to the revenue growth of the global surgical drill market. 

Market Ecosystem

The global surgical drill market has been analyzed from five perspectives: product, type, application, end-user, and region. 

Surgical Drill Market by Product

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Based on product, the global surgical drill market has been segmented into instruments (electric drill, pneumatic drill, battery drill, and others) and accessories. 

The accessories segment dominates the global surgical drill market revenue share owing to increasing surgical procedures, affordable cost, and growing demand for accessories such as drill bits, batteries, etc. Surgical drill devices are expensive, and buying a new product for each surgery is impossible. Therefore, replaceable accessories, such as drilling bits, batteries, etc., are changed for each surgical procedure. This avoids disease transmission and provides higher patient safety.  

The instruments segment is also expected to show significant revenue growth during the forecast period owing to technological advancements such as IntelliSense Drill Technology®, the introduction of novel surgical devices, and research & development in the market.  

Surgical Drill Market by Type

Based on type, the global surgical drill market has been segmented into reusable and disposable. 

The reusable segment accounts for the largest revenue share in the global surgical drill market owing to the high cost of disposable devices and the improving skills of reusable drill devices. Moreover, the limitations of disposable surgical drill machines are fueling the segment’s revenue growth. 

Surgical Drill Market by Application

Based on application, the global surgical drill market is segmented into orthopedic, dental, neurology, ENT, and others. 

The orthopedic segment accounts for the largest revenue share in the global surgical drill market owing to increasing orthopedic diseases such as arthritis, osteoporosis, fractures, etc., and the increasing geriatric population.

Surgical Drill Market by End-User

Based on end users, the global surgical drill market has been segmented into hospitals and ambulatory centers, and specialty clinics. 

The hospitals and ambulatory center segment accounts for the highest revenue share in the global surgical drill market owing to increasing patient footfall for diagnosis & treatment, rising dental and orthopedic surgical procedures, and growing numbers of hospitals and ambulatory centers. Additionally, the adoption of technological advancements, improving healthcare services, and increasing demand for surgical procedures fuel the growth of the segment to some extent.

Surgical Drill Market by Region

Based on region, the global surgical drill market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. 

North America dominates the global surgical drill market in terms of revenue share. The large share of North America in the global market can be attributed to the increasing prevalence of chronic disease, the growing geriatric population, and the expanding number of hospitals and ambulatory centers in this region. The high presence of key players, technological advancement, and developed infrastructure are fueling the revenue growth of this segment. 

Asia Pacific is also expected to show exponential growth in terms of revenue share during the forecast period owing to the high geriatric population and increasing adoption of technology.

Competitive Landscape

Some of the prominent players operating in the global surgical drill market are: 

• Arthrex Inc.
• Adeor Medical AG
• Johnson & Johnson 
• Joimax Inc.
• Marver Med
• MicroAire Surgical Instruments, LLC
• Medtronic plc,
• Stryker corporation
• NSK/NAKANISHI INC.
• Zimmer Biomet 
• B. Braun Melsungen AG 
• De Soutter Medical 
• AlloTech Co., LTD

Strategic Developments

• In November 2021, the DePuy Synthes subsidiary of Johnson and Johnson launched UNIM’ next-generation power tools system for small bone procedures and trauma. The UNIM system was created to emphasize ergonomics, dependability, and efficiency in the trauma setting. It can be used for small bone, sports medicine, spine, and thorax procedures.
• In June 2021, Joimax launched a new generation of shrill shaver drill systems that help remove soft tissue and bone and are highly effective in treating degenerative spine conditions.

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