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Surgical Drill Market, Global Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 135 Pages
  • January 2023
  • Region: Global
  • Renub Research
  • ID: 5715829

Worldwide Surgical Drill Market was US$ 675.7 Million in 2022

Global Surgical Drill Market will reach US$ 872.9 Million at a CAGR of 5.26% by 2027, according to the publisher. A surgical drill is a tool used to bore holes inborn to attach surgical pins, plates, and screws or remove skull base bones and reshape teeth in preparation for a fall. It is usually built from carbon steel, stainless steel, aluminum, or titanium. It is available in different dimensions in anything from dental to neurological surgeries, which can be used multiple times after sterilization. Surgical drills are used to boost the skull flap, to make holes in the bone so that bone plates can be stable with screws, and eliminate the skull base bones.

Worldwide Surgical Drill Market was US$ 675.7 Million in 2022

The drill device can be manual or electric. According to NHTSA, an estimated 42,915 people died in motor vehicle traffic crashes in 2021 from the 38,824 fatalities in 2020. Such as the increase in the occurrence of road accidents, rise in healthcare expenditures, technological progression, demand for dental plates, rises in prevalence from the dental industry, and a hike in the number of surgical operations is expected to reach the growth of the surgical drill market.

In the year 2022, according to World Health Organization (WHO), globally, it is estimated that 2 billion people suffer from caries of permanent teeth and 514 million children suffer from caries of primary teeth. However, this industry has few restraining factors such as insufficient quality control, high cost of surgery, variable raw material supply, and lack of advanced surgical instrument facilities.

Accessories will Capture Highest Market Share in the Forecast Period

Based on product type, the global surgical drill market is classified into pneumatic, electric, battery-powered, and accessories. The accessories hold the largest market share during the forecast period due to the development of surgical drills. In addition, the increasing popularity of dental disorders worldwide is a major factor driving the growth of the market.

Orthopedic Surgery will drive the Surgical Drill Industry the in Upcoming Years

By application, the application market has been divided into orthopedic Surgery, dental Surgery, ENT surgery, Neurology surgery, and others. Orthopedic Surgery dominates the largest market revenue in the accounting period due to increasing old age populations, and relevance-borne diseases have driven the growth of this segment.

Hospital Segment will lead the End-user Market

Based on the End User, The Global Surgical drill market is bifurcated into hospitals, ambulatory care, and others. The hospitals hold the maximum market revenue due to high-quality infrastructure facilities, advanced technology enhancement, better healthcare services, and an increasing number of operating methods, which are significant factors that boost this segment.

North America will lead the Global Surgical Drills Industry

In terms of region Global Surgical drill market has been segmented into five categories: North America, Europe, Asia Pacific, Latin America, and Middle East &Africa. North America's has largest market share due to improvements in the healthcare industry, R&D investment in the healthcare sector, expanding technology enhancements, changing lifestyle, and rising number of surgical procedures drive the demand for surgical drill market.

Key Market Players

Key players in the Global Surgical Drill market include Medtronic, Smith & Nephew Plc., Johnson & Johnson, B. BarunMelsungen, Stryker, Zimmer Biomet, Conmend Corporation, and Altra Industrial Motion Corp.

In 2022, Zimmer Biomet Holding announced a first-of-its-kind agreement with HSS for an innovation center for Artificial Intelligence in Robotic Joint Replacement. Through collaboration, ZB and HSS aim to develop new decision-helping instruments, etc.

In Dec 2022, Medtronic declared that the U.S. Food and Drug Administration (FDA) had dismissed the use of navigated interbrain high-speed drills with the Robotic Guidance system.

This new report titled 'Global Surgical Drill Market by Product Types (Pneumatic drills, Electric drills, Battery powered and Accessories), Application (Orthopedic surgery, Dental surgery, ENT surgery, Neurology surgery and others.) End User (Hospitals, Ambulatory care and Others) Regions (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) Company (Medtronic, Smith & Nephew plc., Johnson & Johnson, B. BaruMelsungen, Stryker, Zimmer Biomet, Conmend Corporation, and AltraIndustrial Motion Corp)” provides a complete analysis of Surgical Drill Industry Worldwide.

Product - Surgical drill Market breakup from 4 viewpoints

1. Pneumatic drill
2. Electric drill
3. Battery powered
4. Accessories

Application - Surgical drill Market breakup from 5 viewpoints

1. Orthopedic surgery
2. Dental surgery
3. ENT surgery
4. Neurology surgery
5. Others

End User - Surgical drill Market breakup from 3 viewpoints

1. Hospital
2. Ambulatory Care
3. Others

Region - Surgical drill Market breakup from 5 viewpoints

1. North America
2. Europe
3. Asia-Pacific
4. Latin America
5. Middle East & Africa

Key Players: All key players have been covered from 3 points such as

  • Overview
  • Recent Developments
  • Financial Insights

Company Analysis

1. Medtronic
2. Smith &Nephew plc
3. Johnson & Johnson
4. B. BaruMelsungen
5. Stryker
6. Zimmer Biomet
7. Conmed Corporation
8. Altra Industrial Motion corp.
Frequently Asked Questions about the Surgical Drill Market

What is the estimated value of the Surgical Drill Market?

The Surgical Drill Market was estimated to be valued at $675.68 Million in 2022.

What is the growth rate of the Surgical Drill Market?

The growth rate of the Surgical Drill Market is 5.2%, with an estimated value of $872.92 Million by 2027.

What is the forecasted size of the Surgical Drill Market?

The Surgical Drill Market is estimated to be worth $872.92 Million by 2027.

Who are the key companies in the Surgical Drill Market?

Key companies in the Surgical Drill Market include Medtronic, Smith &Nephew plc, Johnson & Johnson, B. Barun Melsungen, Stryker, Zimmer Biomet and Altra Industrial Motion corp..

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Surgical Drill Market

6. Market Share - Surgical Drill Analysis
6.1 By Product Type
6.2 By Application
6.3 By End User
6.4 By Region

7. Product Type - Surgical Drill Market
7.1 Pneumatic Drills
7.2 Electric Drills
7.3 Battery Powered Drills
7.4 Accessories

8. Application - Surgical Drill Market
8.1 Orthopedic Surgery
8.2 Dental Surgery
8.3 ENT (Ear, Nose, and Throat) Surgery
8.4 Neurology Surgery
8.5 Others

9. End User - Surgical Drill Market
9.1 Hospitals
9.2 Ambulatory Care Centres
9.3 Others

10. Region - Surgical Drill Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Latin America
10.5 Middle East and America

11. Key Players - Surgical Drill Market
11.1 Medtronic
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Revenue
11.2 Smith & Nephew plc
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Revenue
11.3 Johnson & Johnson
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Revenue
11.4 B. Braun Melsungen
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Revenue
11.5 Stryker
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Revenue
11.6 Zimmer Biomet
11.6.1 Overview
11.6.2 Recent Development
11.6.3 Revenue
11.7 Conmed Corporation
11.7.1 Overview
11.7.2 Recent Development
11.7.3 Revenue
11.8 Altra Industrial Motion Corp.
11.8.1 Overview
11.8.2 Recent Development
11.8.3 Revenue

List of Figures:
Figure 01: Global - Surgical Drill Market (Million US$), 2017 - 2022
Figure 02: Global - Forecast for Surgical Drill Market (Million US$), 2023 - 2027
Figure 03: Product Type - Pneumatic Drills Market (Million US$), 2017 - 2022
Figure 04: Product Type - Forecast for Pneumatic Drills Market (Million US$), 2023 - 2027
Figure 05: Product Type - Electric Drills Market (Million US$), 2017 - 2022
Figure 06: Product Type - Forecast for Electric Drills Market (Million US$), 2023 - 2027
Figure 07: Product Type - Battery Powered Drills Market (Million US$), 2017 - 2022
Figure 08: Product Type - Forecast for Battery Powered Drills Market (Million US$), 2023 - 2027
Figure 09: Product Type - Accessories Market (Million US$), 2017 - 2022
Figure 10: Product Type - Forecast for Accessories Market (Million US$), 2023 - 2027
Figure 11: Application - Orthopedic Surgery Market (Million US$), 2017 - 2022
Figure 12: Application - Forecast for Orthopedic Surgery Market (Million US$), 2023 - 2027
Figure 13: Application - Dental Surgery Market (Million US$), 2017 - 2022
Figure 14: Application - Forecast for Dental Surgery Market (Million US$), 2023 - 2027
Figure 15: Application - ENT (Ear, Nose, and Throat) Surgery Market (Million US$), 2017 - 2022
Figure 16: Application - Forecast for ENT (Ear, Nose, and Throat) Surgery Market (Million US$), 2023 - 2027
Figure 17: Application - Neurology Surgery Market (Million US$), 2017 - 2022
Figure 18: Application - Forecast for Neurology Surgery Market (Million US$), 2023 - 2027
Figure 19: Application - Others Market (Million US$), 2017 - 2022
Figure 20: Application - Forecast for Others Market (Million US$), 2023 - 2027
Figure 21: End User - Hospitals Market (Million US$), 2017 - 2022
Figure 22: End User - Forecast for Hospitals Market (Million US$), 2023 - 2027
Figure 23: End User - Ambulatory Care Centres Market (Million US$), 2017 - 2022
Figure 24: End User - Forecast for Ambulatory Care Centres Market (Million US$), 2023 - 2027
Figure 25: End User - Others Market (Million US$), 2017 - 2022
Figure 26: End User - Forecast for Others Market (Million US$), 2023 - 2027
Figure 27: North America - Surgical Drill Market (Million US$), 2017 - 2022
Figure 28: North America - Forecast for Surgical Drill Market (Million US$), 2023 - 2027
Figure 29: Europe - Surgical Drill Market (Million US$), 2017 - 2022
Figure 30: Europe - Forecast for Surgical Drill Market (Million US$), 2023 - 2027
Figure 31: Asia Pacific - Surgical Drill Market (Million US$), 2017 - 2022
Figure 32: Asia Pacific - Forecast for Surgical Drill Market (Million US$), 2023 - 2027
Figure 33: Latin America - Surgical Drill Market (Million US$), 2017 - 2022
Figure 34: Latin America - Forecast for Surgical Drill Market (Million US$), 2023 - 2027
Figure 35: Middle East and America - Surgical Drill Market (Million US$), 2017 - 2022
Figure 36: Middle East and America - Forecast for Surgical Drill Market (Million US$), 2023 - 2027
Figure 37: Medtronic - Global Revenue (Billion US$), 2017 - 2040
Figure 38: Medtronic - Forecast for Global Revenue (Billion US$), 2023 - 2045
Figure 39: Smith & Nephew plc - Global Revenue (Billion US$), 2017 - 2041
Figure 40: Smith & Nephew plc - Forecast for Global Revenue (Billion US$), 2023 - 2046
Figure 41: Johnson & Johnson - Global Revenue (Billion US$), 2017 - 2042
Figure 42: Johnson & Johnson - Forecast for Global Revenue (Billion US$), 2023 - 2047
Figure 43: B. Braun Melsungen - Global Revenue (Billion US$), 2017 - 2043
Figure 44: B. Braun Melsungen - Forecast for Global Revenue (Billion US$), 2023 - 2048
Figure 45: Stryker - Global Revenue (Billion US$), 2017 - 2044
Figure 46: Stryker - Forecast for Global Revenue (Billion US$), 2023 - 2049
Figure 47: Zimmer Biomet - Global Revenue (Billion US$), 2017 - 2045
Figure 48: Zimmer Biomet - Forecast for Global Revenue (Billion US$), 2023 - 2050
Figure 49: Conmed Corporation - Global Revenue (Million US$), 2017 - 2022
Figure 50: Conmed Corporation - Forecast for Global Revenue (Million US$), 2023 - 2027
Figure 51: Altra Industrial Motion Corp. - Global Revenue (Million US$), 2017 - 2022
Figure 52: Altra Industrial Motion Corp. - Forecast for Global Revenue (Million US$), 2023 - 2027

List of Tables:
Table 01: Global - Surgical Drill Market Share by Product Type (Percent), 2017 - 2022
Table 02: Global - Forecast for Surgical Drill Market Share by Product Type (Percent), 2023 - 2027
Table 03: Global - Surgical Drill Market Share by Application (Percent), 2017 - 2022
Table 04: Global - Forecast for Surgical Drill Market Share by Application (Percent), 2023 - 2027
Table 05: Global - Surgical Drill Market Share by End User (Percent), 2017 - 2022
Table 06: Global - Forecast for Surgical Drill Market Share by End User (Percent), 2023 - 2027
Table 07: Global - Surgical Drill Market Share by Region (Percent), 2017 - 2022
Table 08: Global - Forecast for Surgical Drill Market Share by Region (Percent), 2023 - 2027

Companies Mentioned

  • Medtronic
  • Smith &Nephew plc
  • Johnson & Johnson
  • B. Barun Melsungen
  • Stryker
  • Zimmer Biomet
  • CONMED Corporation
  • Altra Industrial Motion corp.

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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