Surgical Drill Market, Global Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis
Global Surgical Drill Market will reach US$ 872.9 Million at a CAGR of 5.26% by 2027, according to Renub Research. 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.
Renub Research 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.
- 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
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