Surgical Drill Market By Product (Instrument, Accessories), By Application (Orthopedic Surgery, Neurosurgery, Ear Nose Throat, Dental Surgery, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
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.
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.
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