The global surgical drill market was valued at $983.55 million in 2021, and is projected to reach $1,516.35 million by 2031, registering a CAGR of 4.4% from 2022 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. Various types of surgical drill such as pneumatic drills, electric drills, and battery powered drills are used in hospitals, dental clinics, and ear nose throat hospitals.
The increase in number of incidences of road accidents and rise in number of accident surgeries boost the growth of market. The road accidents are responsible for severe bone fractures, which need surgically inserting metal rods and plates to hold the bone pieces together. For instance, according to the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), in 2020, estimated 38,680 people died in motor vehicle traffic crashes. Thus, increase in number of accident surgeries and rise in prevalence of chronic bone diseases drive the growth of market.
Furthermore, the surge in prevalence of dental problems, orthopedic diseases, and other chronic conditions, where the surgery is suggested, contributes to the growth of market. For instance, in February 2021, according to world health organization (WHO), approximately 1.71 billion people have musculoskeletal conditions worldwide. Musculoskeletal disorders (MSD) are injuries or disorders of the muscles, nerves, tendons, joints, cartilage, and spinal discs. These musculoskeletal disorders (MSD) require surgical procedures and hospitalization.
In addition, factors such as increase in prevalence of dental problems, sport related injuries, and accidents drives the growth of market. For instance, according to the National Safety Council (NSC), a nonprofit safety advocate organization, in 2020, bicycling accounted for about 426,000 injuries, the most of any category of sports and recreation.
Moreover, the increase in R&D activities for development of advanced surgical drill, rise in U.S. food & drug administration (USFDA) approvals, and novel product launch in market by key players boost the market growth. For instance, in June 2021, The Joimax, a Germany based market leader in technologies and training methods for full-endoscopic and minimally invasive spinal surgery, announced the launch of new generation Shrill, the shaver drill system developed for the removal of soft tissue and bone, the Shrill system is also highly effective in treating stenosis, a degenerative spine condition. Furthermore, advancements in surgical drills such as robotics and navigation support further contribute in market growth. However, the high cost of surgical drill machines and underdeveloped health care infrastructure in developing countries may hinder the growth of market.
The surgical drill market is segmented on the basis of product, application, end user, and region. By product, the market is divided into instrument and accessories. The instrument segment is further subcategorized as pneumatic drills, electric drills, and battery powered drills. Depending on application it is classified into orthopedic surgery, neurosurgery, ear nose throat, dental surgery and others. By end user, market is categorized into hospitals, clinics, ambulatory surgical centers, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include 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.
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. Various types of surgical drill such as pneumatic drills, electric drills, and battery powered drills are used in hospitals, dental clinics, and ear nose throat hospitals.
The increase in number of incidences of road accidents and rise in number of accident surgeries boost the growth of market. The road accidents are responsible for severe bone fractures, which need surgically inserting metal rods and plates to hold the bone pieces together. For instance, according to the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), in 2020, estimated 38,680 people died in motor vehicle traffic crashes. Thus, increase in number of accident surgeries and rise in prevalence of chronic bone diseases drive the growth of market.
Furthermore, the surge in prevalence of dental problems, orthopedic diseases, and other chronic conditions, where the surgery is suggested, contributes to the growth of market. For instance, in February 2021, according to world health organization (WHO), approximately 1.71 billion people have musculoskeletal conditions worldwide. Musculoskeletal disorders (MSD) are injuries or disorders of the muscles, nerves, tendons, joints, cartilage, and spinal discs. These musculoskeletal disorders (MSD) require surgical procedures and hospitalization.
In addition, factors such as increase in prevalence of dental problems, sport related injuries, and accidents drives the growth of market. For instance, according to the National Safety Council (NSC), a nonprofit safety advocate organization, in 2020, bicycling accounted for about 426,000 injuries, the most of any category of sports and recreation.
Moreover, the increase in R&D activities for development of advanced surgical drill, rise in U.S. food & drug administration (USFDA) approvals, and novel product launch in market by key players boost the market growth. For instance, in June 2021, The Joimax, a Germany based market leader in technologies and training methods for full-endoscopic and minimally invasive spinal surgery, announced the launch of new generation Shrill, the shaver drill system developed for the removal of soft tissue and bone, the Shrill system is also highly effective in treating stenosis, a degenerative spine condition. Furthermore, advancements in surgical drills such as robotics and navigation support further contribute in market growth. However, the high cost of surgical drill machines and underdeveloped health care infrastructure in developing countries may hinder the growth of market.
The surgical drill market is segmented on the basis of product, application, end user, and region. By product, the market is divided into instrument and accessories. The instrument segment is further subcategorized as pneumatic drills, electric drills, and battery powered drills. Depending on application it is classified into orthopedic surgery, neurosurgery, ear nose throat, dental surgery and others. By end user, market is categorized into hospitals, clinics, ambulatory surgical centers, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include 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.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the surgical drill market analysis from 2021 to 2031 to identify the prevailing surgical drill market opportunities.
- 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.
Key Market Segments
By Product
- Instrument
- Type
- Pneumatic Drill
- Electric Drill
- Battery Powered Drill
- Accessories
By Application
- Orthopedic Surgery
- Neurosurgery
- Ear Nose Throat
- Dental Surgery
- Others
By End User
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Adeor Medical AG
- Allotech Co., Ltd
- Arthrex Inc
- B Braun Melsungen AG
- Brasseler USA
- ClearPoint Neuro, Inc.
- ConMed Corporation
- De Soutter Medical Ltd
- GPC Medical Ltd.
- Johnson & Johnson
- Joimax Inc.
- Marver Med
- Medtronic plc
- MicroAire Surgical Instruments, LLC.
- Sofemed
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SURGICAL DRILL MARKET, BY PRODUCT
CHAPTER 5: SURGICAL DRILL MARKET, BY APPLICATION
CHAPTER 6: SURGICAL DRILL MARKET, BY END USER
CHAPTER 7: SURGICAL DRILL MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Surgical Drill Market," the surgical drill market was valued at $983.55 million in 2021, and is estimated to reach $1.52 billion by 2031, growing at a CAGR of 4.4% from 2022 to 2031.The surgical drills are the powered instruments that are mainly used to bore hole in bone during surgical operations. The various drills such as pneumatic drills, electric drills, and battery powered drills are used for neurosurgery, orthopedic diseases, and dental procedures.
The increase in prevalence of dental diseases and ear nose throat (ENT) diseases drives the growth of Surgical Drill Market Size. For instance, according to report of world health organization (WHO) updated on March 2022, an estimated 3.5 billion people are affected with dental diseases worldwide. The dental drills are used for the dental procedures such as removing decay, polishing fillings, performing cosmetic dentistry, and altering prostheses. Furthermore, rise in geriatric population drives the growth of surgical drill market. The old age population is more prone to dental problems and orthopedic diseases. Thus, geriatric population signifies increase in patients of chronic diseases. For instance, according to world health organization (WHO), by 2050, the world’s population of people aged 60 years and older may reach 2.1 billion.
The growing incidences of traumatic brain injuries (TBIs) and sport related injuries contributes in the growth of Surgical Drill Industry. For instance, according to Centers for Disease Control and Prevention (CDC), in 2021, the traumatic brain injuries (TBIs) are responsible for 64,362 deaths in 2020. In addition, increase in geriatric population further drives the growth of market.
Furthermore, increase in adoption of artificial prosthetics contributes in the growth of Surgical Drill Market Size. The surgical drills are used for attachment of prosthetics. Thus, rise in geriatric population, growing incidence of accidents and increasing demand of prosthetics contributes in the growth of market
Furthermore, Surgical Drill Market Trends that drive the growth of the surgical drill market include R&D for development of surgical drill, increase in product approvals, and new product launched in market. In addition, integration of software-based navigation system with surgical drills further contributes in the growth of market. For instance, in April 2022, ClearPoint Neuro, Inc., a global therapy-enabling platform company providing navigation and delivery to the brain, received food and drug administration (FDA) clearance for version 1.1 of its next generation SmartFrame Array neuro navigation system and software, which gives neurosurgeons a faster and more stable drilling. Furthermore, the rise in healthcare expenditure and improvements in healthcare facilities in developing nations contribute toward growth of the Surgical Drill Industry.
The Surgical Drill Market Analysis is segmented into products, application, end user, and region.
On the basis of product, the market is divided into instrument and accessories. The instrument segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to advancements in surgical drills and increase in number of surgeries.
By application, the market is categorized into orthopedic surgery, neurosurgery, ear nose throat, dental surgery, and others. The orthopedic surgery segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to rise in prevalence of bone diseases and increase in number of road accidents & sports related injuries.
By end user, the market is classified into hospitals, clinics, ambulatory surgical centers, and others. The hospitals segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to upsurge in number of hospitals and rise in healthcare eexpenditures.
North America accounted for a majority of the surgical drill market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of chronic diseases and presence of key players in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in number of hospitals and high population base.
1. Key findings of the study
On the basis of products, the instrument segment was the highest contributor to the market in 2021.
By application, the orthopedic surgery segment was the highest contributor to the Surgical Drill Market Forecast in 2021.
Depending on end user, the hospitals segment was the highest contributor to the market in 2021.
Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period
Companies Mentioned
- Adeor Medical AG
- Allotech Co. Ltd
- Arthrex Inc
- B Braun Melsungen AG
- Brasseler Usa
- Clearpoint Neuro, Inc.
- Conmed Corporation
- De Soutter Medical Ltd
- Gpc Medical Ltd.
- Johnson & Johnson
- Joimax Inc.
- Marver Med
- Medtronic plc
- Microaire Surgical Instruments, LLC.
- Sofemed
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 220 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 983.55 million |
| Forecasted Market Value ( USD | $ 1516.35 million |
| Compound Annual Growth Rate | 4.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
