Surgical Drills Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Surgical Drills Market Demand and it is segmented by Product (Type of Drills and Accessories), Application (Orthopedic Surgeries, Dental Surgeries, ENT (Ear, Nose, Throat) Surgeries, Other Applications), End-Users (Hospitals and Clinics, Ambulatory Surgery Centers and Other End-Users) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The Market values are Provided (in USD million) for the above segments.

Surgical Drills Market Size

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Surgical Drills Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 5.60 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Surgical Drills Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Surgical Drills Market Analysis

The surgical drills market is projected to register a CAGR of 5.6% during the forecast period.

The COVID-19 pandemic impacted the growth of the surgical drill market. For instance, an article published by the journal Updates in Surgery in May 2021 reported that the spread of the SARS-CoV2 virus profoundly impacted the surgical community. The article also stated that an online survey conducted in Italy reported that there was a reduction in elective and emergency surgical activity during the COVID-19 pandemic. Thus, the use of surgical drills got significantly reduced during the COVID-19 pandemic, thereby impacting the growth of the surgical drill market. However, in the current scenario, with the reduction in COVID-19 cases, elective and emergency surgical procedures have resumed. Therefore the demand for surgical drills may increase compared to the beginning of the pandemic. Thus, the surgical drills market is expected to witness significant growth over the forecast period.

The factors driving the growth of the surgical drills market are the increasing number of surgeries and technological advancements. For instance, in 2021, The Aesthetic Society Databank reported that surgical procedures increased by 54% in the United States in the year 2021. The source also reported that 461,098 liposuction procedures, 364,753 breast augmentation procedures, and 242,939 abdominoplasty surgical procedures were performed in the year 2020-2021 in the United States. Thus, such a high number of surgical procedures may increase the demand for surgical drills.

Similarly, an article published by the journal BMC Health Services Research in July 2022 reported that a cross-sectional study with retrospective data review was conducted in 172 health facilities from December 30, 2020, to June 10, 2021, that stated 69,717 major and minor surgeries were performed in Ethiopia during the mentioned period. Thus, with such a high number of surgical procedures performed, the demand for surgical drills is constantly growing, thereby contributing to the growth of the studied market.

Furthermore, technological advancements and new product launches are expected to drive the growth of the studied market. For instance, in June 2021, German-based Joimax reported the global launch of its new generation Shrill, the shaver drill system, the shaver drill system. The device is developed for the removal of soft tissue and bone. The Joimax shrill system is also effective in treating stenosis, a degenerative spine condition.

Thus, due to the increasing number of surgeries and technological advancements, the market is expected to witness significant growth over the forecast period. However, post-surgical complications associated with surgical drills are expected to restrain the growth of the surgical drills market.

Surgical Drills Market Trends

This section covers the major market trends shaping the Surgical Drills Market according to our research experts:

Pneumatic Drills is expected to Witness Significant Growth Over the Forecast Period.

A pneumatic drill is used by an orthopedic surgeon to make holes in bones for fixing immobilization screws, wires, plates, implants, fitting prosthetic devices, etc. The pneumatic surgical drills segment is expected to witness significant growth over the forecast period owing to its increasing use in orthopedic and dental surgeries.

The high number of dental surgical procedures is increasing the demand for pneumatic surgical drills, thereby driving the growth of this segment. For instance, in 2021 Saudi Arabia Ministry of Health reported that 531,237 restorative dentistry procedures, 226,780 endodontics surgical procedures, and 150,385 orthodontics surgical procedures were performed in Saudi Arabia in the year 2021. Thus, such a high number of dental surgical procedures is increasing the demand for pneumatic surgical drills, thereby driving the growth of this segment.

Additionally, increasing surgical procedures performed globally is further driving the growth of this segment. For instance, in July 2022, the OECD database reported that 38,343 surgeries were performed in Chile, followed by 49,308 surgeries in Denmark, 32,844 surgeries in Ireland, and 94,872 surgeries in Portugal were performed in the year 2021. Thus, such a high number of surgeries may increase the demand for pneumatic surgical drills. thereby driving the growth of this segment.

Thus, a high number of surgical procedures is increasing the demand for pneumatic drills, thereby driving the growth of this segment.

Surgical Drills Market: Estimated Number of Surgical Procedures Performed (in Thousands), By Country, 2021

North America is expected to Witness Significant Growth Over the Forecast Period.

North America holds a significant market share in the global surgical drills market and is expected to withstand its position over the forecast period owing to the rising incidence of road accidents and the increasing need for orthopedic procedures. Also, product approvals and partnerships between key market players are driving the demand for surgical drills in the region.

The rising number of surgical procedures is expected to drive the growth of this market in the region. For instance, in 2021 Canadian Institute for Health Information (CIHI) reported that 51,660 hip replacement surgery, 51,599 knee replacement surgery, and 50,415 fracture surgeries were performed in Canada during 2020-2021. Thus, such a high number of surgical procedures is expected to increase the demand for surgical procedures, thereby driving the growth of the studied market in the region.

Additionally, the high number of road fatalities may lead to a high number of surgeries, which may increase the demand for surgical drills, thereby driving the growth of the studied market. For instance, International Transport Forum 2021 published Mexico's Road Safety Report, which stated 13,630 road fatalities were reported in Mexico during 2020-2021. Thus, such a high number of road fatalities may contribute to the growth of the studied market in the country.

Moreover, the presence of skilled surgeons in the region is also expected to drive the growth of the studied market in the region. For instance, an article published by NCBI in October 2021 reported that quality training for orthopedic surgeons is leading to increasing orthopedic surgical procedures in the United States, thereby contributing to the growth of the studied market in the region.

Furthermore, product approvals and partnerships between key market players are expected to drive the growth of the studied market. For instance, in January 2021, Medtronic's Midas Rex high-speed drills navigated the interbody and disc prep platform with the Mazor robotic guidance system and received USFDA clearance. Thus, such product approvals are expected to contribute to the growth of the studied market in the region.

Thus, due to a high number of orthopedic surgical procedures, high road fatalities, the presence of highly skilled orthopedic surgeons, and product approvals, the market is expected to witness significant growth in the region.

Surgical Drills Market: Surgical Drills Market - Growth Rate by Region

Surgical Drills Industry Overview

The surgical drills market is very competitive, with most players competing to increase market shares. Strong competition and rapid technological advancements are key factors that confront the market. Key players in the market are Apothecaries Sundries Manufacturing Co., Bioanalytical Systems, Inc., GMI Ilerimplant Group, Medtronic PLC, Millennium Surgical Corp, Altra Industrial Motion Corp. (Portescap US Inc.), Stryker Corporation, Traumec Health Technology, and Zimmer Biomet Holdings Inc.

Surgical Drills Market Leaders

  1. Portescap

  2. GMI ilerimplant group

  3. Medtronic PLC

  4. Stryker Corporation

  5. Zimmer Biomet Inc.

*Disclaimer: Major Players sorted in no particular order

Surgical Drills Market Concentration
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Surgical Drills Market News

  • June 2022: Grage's team launched Hubly Surgical. It is a lightweight neurosurgical drill that offers key advantages over conventional drills used to gain access to the brain in cases of stroke, aneurysm, trauma, or other emergencies.
  • April 2022: X-Nav Technologies received USFDA clearance to expand its use for X-Guide Dynamic Surgical Navigation System to aid dentists in delivering minimally invasive endodontics procedures.

Surgical Drills Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Number of Surgeries

      2. 4.2.2 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Post Surgery Complications associated with Procedures

    4. 4.4 Porter Five Forces

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Type of Drills

        1. 5.1.1.1 Pneumatic Drills

        2. 5.1.1.2 Electric Drills

        3. 5.1.1.3 Battery Powered Drills

      2. 5.1.2 Accessories

    2. 5.2 By Application

      1. 5.2.1 Orthopedic Surgeries

      2. 5.2.2 Dental Surgeries

      3. 5.2.3 ENT (Ear, Nose, Throat) Surgeries

      4. 5.2.4 Other Applications

    3. 5.3 By End User

      1. 5.3.1 Hospitals & Clinics

      2. 5.3.2 Ambulatory Surgery Centers

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Apothecaries Sundries Manufacturing Co.

      2. 6.1.2 Bioanalytical Systems, Inc.

      3. 6.1.3 GMI Ilerimplant Group

      4. 6.1.4 Medtronic PLC

      5. 6.1.5 Millennium Surgical Corp

      6. 6.1.6 Altra Industrial Motion Corp. (Portescap US Inc.)

      7. 6.1.7 Stryker Corporation

      8. 6.1.8 Traumec Health Technology

      9. 6.1.9 Zimmer Biomet Holdings Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Surgical Drills Industry Segmentation

As per the scope, a surgical drill is an instrument used to bore holes in the bone to attach surgical pins, plates, or screws or remove decay and reshape teeth in preparation for a filling. The Surgical Drills Market is segmented by Product (Type of Drills and Accessories), Application (Orthopedic Surgeries, Dental Surgeries, ENT (Ear, Nose, Throat) Surgeries, Other Applications), End-Users (Hospitals and Clinics, Ambulatory Surgery Centers and Other End-Users) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The market report also covers the estimated market sizes and trends of 17 countries across major regions globally. The report offers values (in USD million) for the above segments.

By Product
Type of Drills
Pneumatic Drills
Electric Drills
Battery Powered Drills
Accessories
By Application
Orthopedic Surgeries
Dental Surgeries
ENT (Ear, Nose, Throat) Surgeries
Other Applications
By End User
Hospitals & Clinics
Ambulatory Surgery Centers
Other End Users
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Surgical Drills Market Research FAQs

The Global Surgical Drills Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)

Portescap, GMI ilerimplant group, Medtronic PLC, Stryker Corporation and Zimmer Biomet Inc. are the major companies operating in the Global Surgical Drills Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Global Surgical Drills Market.

The report covers the Global Surgical Drills Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Surgical Drills Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Surgical Drills Industry Report

Statistics for the 2023 Surgical Drills market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Surgical Drills analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Surgical Drills Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)