Market Size of Global Surgical Drills Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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.
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| Accessories |
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| Orthopedic Surgeries | |
| Dental Surgeries | |
| ENT (Ear, Nose, Throat) Surgeries | |
| Other Applications |
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| Hospitals & Clinics | |
| Ambulatory Surgery Centers | |
| Other End Users |
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Global Surgical Drills Market Size Summary
The surgical drills market is poised for significant growth over the forecast period, driven by an increase in surgical procedures and technological advancements. The market experienced a temporary setback during the COVID-19 pandemic due to reduced elective and emergency surgeries, but has since rebounded as surgical activities resumed. The rising number of surgeries globally, including those in the United States and Ethiopia, has fueled demand for surgical drills. Technological innovations, such as the launch of advanced devices like Joimax's Shrill system, are further propelling market expansion. However, the market faces challenges from post-surgical complications associated with the use of surgical drills.
Regionally, North America holds a substantial share of the global surgical drills market, supported by a high incidence of road accidents and a growing need for orthopedic procedures. The region benefits from product approvals and strategic partnerships among key market players, which are expected to sustain its growth trajectory. The presence of skilled surgeons and a high number of orthopedic surgeries contribute to the market's expansion in North America. The competitive landscape is marked by rapid technological advancements and strong competition among major players, including Medtronic PLC, Stryker Corporation, and Zimmer Biomet Holdings Inc., who are actively seeking to enhance their market positions.
Global Surgical Drills Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Number of Surgeries
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1.2.2 Technological Advancements
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1.3 Market Restraints
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1.3.1 Post Surgery Complications associated with Procedures
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1.4 Porter Five Forces
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Type of Drills
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2.1.1.1 Pneumatic Drills
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2.1.1.2 Electric Drills
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2.1.1.3 Battery Powered Drills
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2.1.2 Accessories
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2.2 By Application
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2.2.1 Orthopedic Surgeries
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2.2.2 Dental Surgeries
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2.2.3 ENT (Ear, Nose, Throat) Surgeries
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2.2.4 Other Applications
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2.3 By End User
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2.3.1 Hospitals & Clinics
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2.3.2 Ambulatory Surgery Centers
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2.3.3 Other End Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Global Surgical Drills Market Size FAQs
What is the current Global Surgical Drills Market size?
The Global Surgical Drills Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in Global Surgical Drills Market?
Portescap, GMI ilerimplant group, Medtronic PLC, Stryker Corporation and Zimmer Biomet Inc. are the major companies operating in the Global Surgical Drills Market.
