Report Overview

According to the deep-dive market assessment study by Growth Plus Reports, the global surgical drill market was valued at US$ 1.2 billion in 2021 and is expected to register a revenue CAGR of 6.1% to reach US$ 2.04 billion by 2030. 

Surgical Drill Market Fundamentals 

A surgical drill refers to a medical device used to make holes in the bone to attach implants, surgical plates, or screws and remove decay. It is used in neurosurgical procedures, orthopedic surgeries, and dental practices. At present, various types of surgical drills instruments, such as electric drills, pneumatic drills, and battery drills, are available in the market. Electric drills are used in dental procedures, such as root canal treatment, dental implant procedures, and removal of decay.

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Surgical Drill Market Dynamics

The global surgical drill market is expected to register significant revenue growth during the forecast period owing to increasing geriatric population and rising prevalence of chronic diseases, such as rheumatoid arthritis, osteoporosis, and fractures. Additionally, growing investments in R&D activities and product launches fuel the global surgical drill market revenue growth. Moreover, increasing number of key players and surgical procedures across developed and developing countries are contributing to the revenue growth of the global surgical drill market.

Surgical Drill Market Ecosystem

The global surgical drill market has been analyzed from five perspectives: product, type, application, end-user, and region. 

Surgical Drill Market by Product

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Based on the product, the global surgical drill market has been segmented into instruments (electric drill, pneumatic drill, battery drill, and others) and accessories. 

The accessories segment dominates the global surgical drill market owing to increasing number of surgical procedures, affordable prices, and growing demand for accessories, such as drill bits and batteries. Surgical drill devices are expensive, and buying a new product for each surgery is impractical. Therefore, replaceable accessories, such as drilling bits and batteries, are changed for each surgical procedure to avoid disease transmission and provide level of higher patient safety.

The instruments segment is expected to show significant revenue growth during the forecast period due to technological advancements, such as IntelliSense Drill Technology® and increase in the launch of novel surgical devices and R&D activities. 

Surgical Drill Market by Type

Based on the type, the global surgical drill market has been segmented into reusable and disposable. 

The reusable segment accounts for the largest revenue share of the global surgical drill market owing to high cost of disposable devices and improving features of reusable drill devices. Moreover, limitations of disposable surgical drill machines are fueling revenue growth in the segment. 

Surgical Drill Market by Application

Based on the application, the global surgical drill market is segmented into orthopedic, dental, neurology, ENT, and others. 

The orthopedic segment accounts for the largest revenue share of the global surgical drill market. This can be attributed to increasing prevalence of orthopedic diseases, such as arthritis, osteoporosis, and fractures, and rising geriatric population.

Surgical Drill Market by End-user

Based on the end-user, the global surgical drill market has been segmented into hospitals, ambulatory centers, and specialty clinics. 

The hospitals segment accounts for the highest revenue share of the global surgical drill market owing to increasing patient footfall for diagnosis and treatment, rising dental and orthopedic surgical procedures, and growing numbers of hospitals. Additionally, increase in the adoption of technological advancements, improved healthcare services, and rise in the demand for surgical procedures fuel the revenue growth in the segment to some extent.

Surgical Drill Market by Region

Based on the region, the global surgical drill market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. 

North America dominates the global surgical drill market in terms of revenue share. The large revenue share of North America in the global market can be attributed to increasing prevalence of chronic diseases, growing geriatric population, and expanding number of hospitals and ambulatory centers in this region. Moreover, high presence of key players, technological advancements, and developed healthcare infrastructure are fueling revenue growth in this segment. 

The market in Asia Pacific is also expected to show exponential growth in terms of revenue share during the forecast period owing to presence of a high geriatric population and increase in the adoption of advanced technologies in the region.

Surgical Drill Market Competitive Landscape

The prominent players operating in the global surgical drill market are: 

• Arthrex Inc.
• Adeor Medical AG
• Johnson & Johnson 
• Joimax Inc.
• Marver Med
• MicroAire Surgical Instruments, LLC
• Medtronic plc,
• Stryker corporation
• NSK/NAKANISHI INC.
• Zimmer Biomet 
• B. Braun Melsungen AG 
• De Soutter Medical 
• AlloTech Co., LTD

Surgical Drill Market Strategic Developments

• In November 2021, DePuy Synthes, a subsidiary of Johnson and Johnson, launched UNIM’s next-generation power tools system for small bone procedures and trauma. The UNIM system was created to emphasize ergonomics, dependability, and efficiency in trauma settings. It can be used for small bone, sports medicine, spine, and thorax procedures.
• In June 2021, Joimax launched a new generation of shrill shaver drill systems that help remove soft tissue and bone and are highly effective in treating degenerative spine conditions.

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