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Global Surgical Drills Market by Product (Accessories, Instruments), Type (Disposable, Reusable), Application, End User - Forecast 2023-2030

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    Report

  • 187 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 5666418
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The Surgical Drills Market size was estimated at USD 1.41 billion in 2022, USD 1.56 billion in 2023, and is expected to grow at a CAGR of 10.47% to reach USD 3.14 billion by 2030.

Surgical drills are essential for boring holes in bone for medical screw fixation and removing bone tissues to access target surgical sites. They are widely adopted in numerous surgical procedures, including orthopedic, neurosurgery, ear, nose, throat, and dental. Surgical drills need fewer steps to simulate surgery, saving time using a more reliable and accurate method. The availability of cutting-edge surgical drills enables effective surgical outcomes for surgeons. However, certain limitations, such as breakage risk drill bit and heating issues due to speedy rotation, can impact the surgical drill performance. The new developments in the field, such as robotic automated surgical drills and miniaturized design, are attracting end-users and gaining more product penetration potential.

Regional Insights

America showcases a developed and innovative landscape for the surgical drills market owing to the rising incidence of road accidents and the rising need for orthopedic procedures. Moreover, product development and partnerships between key market players drive the demand for surgical drills in the region. In Europe, the Middle East & Africa, the surgical drill market is growing steadily with the developed healthcare infrastructure, availability of advanced instruments such as surgical drills, government support for medical training, and growing medical tourism. The rise in the number of surgical orthopedic and cosmetic surgical procedures recorded in the Asia-Pacific region. In addition, increasing surgical centers across emerging economies and improving product availability showcase the positive trend for the Asia-Pacific surgical drill development.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Surgical Drills Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Surgical Drills Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Surgical Drills Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Accuromm USA Inc., Adeor Medical AG, Advance Tools, Advin Health Care, Alden Tool Company, Inc., Apothecaries Sundries Mfg. Pvt. Ltd., Arbutus Medical, Arthrex, Inc., B. Braun SE, Bioventus LLC, Brasseler USA, Changzhou Huida Medical Instrument Co., Ltd., Chongqing Xishan Science & Technology Co., Ltd., Conmed Corporation, De Soutter Medical Limited, GPC Medical Ltd., Imedicom Co., Ltd., Johnson & Johnson Service, Inc., Manman Manufacturing Company Private Limited, Marver Med Inc., McGinley Orthopedics, Medical Bees GmbH, Medical Component Specialists, Inc., Medtronic PLC, MicroAire Surgical Instruments, LLC, MW Industries, Narang Medical Limited, Nouvag AG, Peleton Surgical, Sharma Orthopedic (India) Pvt. Ltd., Sofemed, Stoelting Co., Stryker Corporation, Zimmer Biomet Holdings, Inc., and ??Joimax GmbH.

Market Segmentation & Coverage

This research report categorizes the Surgical Drills Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Accessories
    • Instruments
      • Battery Drill
      • Electric Drill
      • Pneumatic Drill
  • Type
    • Disposable
    • Reusable
  • Application
    • Dental
    • ENT
    • Neurological
    • Orthopedic
  • End User
    • Hospitals & ASCs
    • Specialty Clinics
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the Surgical Drills Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Surgical Drills Market?
  3. What are the technology trends and regulatory frameworks in the Surgical Drills Market?
  4. What is the market share of the leading vendors in the Surgical Drills Market?
  5. Which modes and strategic moves are suitable for entering the Surgical Drills Market?

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This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Surgical Drills Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing prevalence of chronic disorders and accidental cases requiring surgical intervention
5.1.1.2. High occurrence of dental disorders and need for implants
5.1.2. Restraints
5.1.2.1. High cost of powered surgical drill instruments and recall of surgical drills
5.1.3. Opportunities
5.1.3.1. Emergence of robotic and computer-assisted surgical drills
5.1.3.2. Novel development in miniaturized and portable surgical drills
5.1.4. Challenges
5.1.4.1. Limitation and complications associated with the surgical drills
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.3.1. Potential production capabilities, well-developed regulatory framework, and evolving technological innovation enhance the surgical drill market in America
5.3.2. Prevalence of surgical procedures, and rising financial assistance by governments driving the growth of the surgical drills in the Asia-Pacific region.
5.3.3. Advanced and competitive landscape of surgical drills market in the EMEA region
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Surgical Drills Market, by Product
6.1. Introduction
6.2. Accessories
6.3. Instruments
6.4.1. Battery Drill
6.4.2. Electric Drill
6.4.3. Pneumatic Drill
7. Surgical Drills Market, by Type
7.1. Introduction
7.2. Disposable
7.3. Reusable
8. Surgical Drills Market, by Application
8.1. Introduction
8.2. Dental
8.3. ENT
8.4. Neurological
8.5. Orthopedic
9. Surgical Drills Market, by End User
9.1. Introduction
9.2. Hospitals & ASCs
9.3. Specialty Clinics
10. Americas Surgical Drills Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Surgical Drills Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Surgical Drills Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Merger & Acquisition
13.3.1.1. Johnson & Johnson, Globus Medical Ink acquisitions for robotic strategy
13.3.2. Agreement, Collaboration, & Partnership
13.3.2.1. McGinley Orthopedics Received Innovative Technology Contract from Vizient for IntelliSense Orthopedic Drill
13.3.2.2. ClearPoint Neuro, Inc. Announced Strategic and Commercial Partnership with European Surgical Equipment player Adeor Medical AG
13.3.3. New Product Launch & Enhancement
13.3.3.1. Stryker Launched New Surgical Drill.
13.3.3.2. Joimax Launched New Generation of Shrill Shaver Drill System
13.3.4. Investment & Funding
13.3.4.1. Genome BC Invests USD 1.13 Million in Innovative Solution to Improve Surgical Care for Skeletal Traction
13.3.5. Award, Recognition, & Expansion
13.3.5.1. Arthrex Received FDA Clearance for TightRope Implant as First, Only Device Cleared for Pediatric ACL Surgery
13.3.5.2. Medtronic Launches Mazor X in Canada
13.3.5.3. Surgeons Completed First Procedures Across the U.S. Utilizing Medtronic's Midas Red Drills and Navigated Disc Prep and Interbodies with the Mazor Robotic Guidance System
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. 3M Company
14.1.2. Accuromm USA Inc.
14.1.3. Adeor Medical AG
14.1.4. Advance Tools
14.1.5. Advin Health Care
14.1.6. Alden Tool Company, Inc.
14.1.7. Apothecaries Sundries Mfg. Pvt. Ltd.
14.1.8. Arbutus Medical
14.1.9. Arthrex, Inc.
14.1.10. B. Braun SE
14.1.11. Bioventus LLC
14.1.12. Brasseler USA
14.1.13. Changzhou Huida Medical Instrument Co., Ltd.
14.1.14. Chongqing Xishan Science & Technology Co., Ltd.
14.1.15. Conmed Corporation
14.1.16. De Soutter Medical Limited
14.1.17. GPC Medical Ltd.
14.1.18. Imedicom Co., Ltd.
14.1.19. Johnson & Johnson Service, Inc.
14.1.20. Manman Manufacturing Company Private Limited
14.1.21. Marver Med Inc.
14.1.22. McGinley Orthopedics
14.1.23. Medical Bees GmbH
14.1.24. Medical Component Specialists, Inc.
14.1.25. Medtronic PLC
14.1.26. MicroAire Surgical Instruments, LLC
14.1.27. MW Industries
14.1.28. Narang Medical Limited
14.1.29. Nouvag AG
14.1.30. Peleton Surgical
14.1.31. Sharma Orthopedic (India) Pvt. Ltd.
14.1.32. Sofemed
14.1.33. Stoelting Co.
14.1.34. Stryker Corporation
14.1.35. Zimmer Biomet Holdings, Inc.
14.1.36. ??Joimax GmbH
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
List of Figures
FIGURE 1. SURGICAL DRILLS MARKET RESEARCH PROCESS
FIGURE 2. SURGICAL DRILLS MARKET SIZE, 2022 VS 2030
FIGURE 3. SURGICAL DRILLS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. SURGICAL DRILLS MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. SURGICAL DRILLS MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. SURGICAL DRILLS MARKET DYNAMICS
FIGURE 7. SURGICAL DRILLS MARKET SIZE, BY PRODUCT, 2022 VS 2030 (%)
FIGURE 8. SURGICAL DRILLS MARKET SIZE, BY PRODUCT, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. SURGICAL DRILLS MARKET SIZE, BY TYPE, 2022 VS 2030 (%)
FIGURE 10. SURGICAL DRILLS MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. SURGICAL DRILLS MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 12. SURGICAL DRILLS MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. SURGICAL DRILLS MARKET SIZE, BY END USER, 2022 VS 2030 (%)
FIGURE 14. SURGICAL DRILLS MARKET SIZE, BY END USER, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS SURGICAL DRILLS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 16. AMERICAS SURGICAL DRILLS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES SURGICAL DRILLS MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 18. UNITED STATES SURGICAL DRILLS MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC SURGICAL DRILLS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC SURGICAL DRILLS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA SURGICAL DRILLS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA SURGICAL DRILLS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. SURGICAL DRILLS MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 24. SURGICAL DRILLS MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • 3M Company
  • Accuromm USA Inc.
  • Adeor Medical AG
  • Advance Tools
  • Advin Health Care
  • Alden Tool Company, Inc.
  • Apothecaries Sundries Mfg. Pvt. Ltd.
  • Arbutus Medical
  • Arthrex, Inc.
  • B. Braun SE
  • Bioventus LLC
  • Brasseler USA
  • Changzhou Huida Medical Instrument Co., Ltd.
  • Chongqing Xishan Science & Technology Co., Ltd.
  • Conmed Corporation
  • De Soutter Medical Limited
  • GPC Medical Ltd.
  • Imedicom Co., Ltd.
  • Johnson & Johnson Service, Inc.
  • Manman Manufacturing Company Private Limited
  • Marver Med Inc.
  • McGinley Orthopedics
  • Medical Bees GmbH
  • Medical Component Specialists, Inc.
  • Medtronic PLC
  • MicroAire Surgical Instruments, LLC
  • MW Industries
  • Narang Medical Limited
  • Nouvag AG
  • Peleton Surgical
  • Sharma Orthopedic (India) Pvt. Ltd.
  • Sofemed
  • Stoelting Co.
  • Stryker Corporation
  • Zimmer Biomet Holdings, Inc.
  • ​​Joimax GmbH

Methodology

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Table Information