Global Surgical Drills Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product, Application, End-user & Region (North America, Europe, APAC, Latin America, Middle East and Africa) – Industry Forecast (2024 to 2029)

Updated On: June, 2024
ID: 12662
Pages: 190

Global Surgical Drills Market Size (2024 to 2029)

The global surgical drills market size is forecasted to grow at a CAGR of 6.04% during the forecast period. As a result, the market size is predicted to grow to USD 1.43 billion by 2029 from USD 1.7 billion in 2024.

MARKET DRIVERS

Due to an increase in the number of surgical procedures and the frequency of chronic conditions that necessitate surgical procedures, the market for surgical drills is rapidly growing.

Factors such as growing medical tourism and increased healthcare spending, particularly in emerging markets, are fuelling the growth of the surgical drills market. Surgical drills are in high demand since they are required for most critical procedures. Surgical drills have seen significant technological evolution over the last decade. On the other hand, surgical drills have evolved significantly through time and are now available in various forms and with an extensive range of accessories.

During the forecast period, the worldwide surgical drills market is likely to benefit from the increased use of electric-operated instruments.

Electrically powered power tools deliver consistent torque even when faced with resistance and a higher load due to better safety procedures such as inbuilt fuses to prevent accidental damage. Electric power tools rapidly gain popularity among surgeons due to their ability to adjust speed, allowing for more surgical versatility. In addition, patients prefer electric surgical instruments since they do not cause vibrations. Positive internet ratings and a higher patient retention rate result from patient contentment.

The growing number of surgical procedures happening worldwide boosts the surgical drills market.

The rising occurrence of road accidents, sports, orthopedic diseases, and dental difficulties has increased with surgical treatments worldwide. Furthermore, the growing number of R&D investments, technological advancements, and the world's growing elderly population is further predicted to propel the market forward. In addition, there has been an increase in demand for these devices and equipment from various end-user application industries. This, too, is expected to contribute to the global market's overall growth.

MARKET RESTRAINTS

To perform successful treatments, surgeons require high-quality surgical instruments. Surgeons depend heavily on the quality of surgical tools to execute treatments to the highest standard. However, surgeons frequently utilize newly bought surgical power instruments without sterilizing them, resulting in severe consequences. Government regulations and a lack of qualified medical professionals, particularly in developing economies, are projected to stifle global surgical drills market expansion. Market growth is challenged by the availability of alternatives and reimbursement policies and the adoption of stringent regulatory processes.

Impact of COVID-19 on the global surgical drills market

The impact of the COVID-19 outbreak on the surgical drills market will be explored from both the demand and supply sides. Most product manufacturers were forced to shut down their manufacturing facilities due to unfavorable circumstances such as lockdowns in key countries, supply chain disruptions, and shifting raw material supplies, affecting them negatively. In addition, the COVID-19 pandemic had significant ramifications on the world economy due to the emergence of state-wide lockdowns and social distance restrictions. However, the increased focus on various preventive measures to decrease the danger of viral transmission within operating settings aided the expansion of the surgical drills market. In addition, drill splatter's growing popularity in orthopedic surgeries due to the outbreak further helped market growth.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

Segments Covered

By Product, Application, End-user & Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Companies playing a pivotal role in the global surgical drills market profiled in this report are Zimmer Biomet, Stryker, Medtronic, B. Braun Medical Inc., Johnson & Johnson Services, McGinley Orthopedics, and CONMED Corporation.

SEGMENTAL ANALYSIS 

Global Surgical Drills Market Analysis By Product

Based on the product, the pneumatic drills segment is expected to grow at a healthy CAGR during the forecast period. Pneumatic drills use pneumatic motors that expand compacted air to function and are most typically used in dental procedures. In addition, pneumatic drills have more torque, making drilling easier and faster, resulting in less time spent under anesthesia and safer surgical operations. As a result, the global expansion of the pneumatic drills segment is likely to be fueled by an increase in the number of dental/oral procedures.

Global Surgical Drills Market Analysis By Application

In 2024, the neurology segment accounted for the most significant proportion of the global surgical drills market. The segment's expansion is majorly driven by the growing number of people suffering from neurological illnesses, resulting in a rising need for surgical treatments as a treatment. As a result, the need for surgical power instruments, such as drills, is on the rise.

Global Surgical Drills Market Analysis By End-User

In 2024, hospitals and ASCs had the largest share of the global surgical drills market. The segment's domination can be credited to more procedures conducted in hospitals and ambulatory surgery centers and suitable reimbursement schemes offered by hospitals in emerging countries. Furthermore, in established and growing countries, experienced healthcare workers and more significant adoption of modern tools for complicated surgical treatments are two important reasons pushing patient migration to these settings.

REGIONAL ANALYSIS 

Geographically, the North American surgical drills market led the market for surgical drills worldwide in 2022, and the domination is predicted to appear throughout the forecast period. The availability of highly qualified surgeons in various professions and the expanding demand for orthopedic and dental surgeries promote market growth in North America. Furthermore, major market participants, government regulations, well-established healthcare infrastructure, and favorable government policies make this region a leader. In addition, the availability of favorable reimbursement regulations for the treatment of sports injuries in the United States is expected to boost surgical drill bit volume sales in the developed world.

The Asia Pacific surgical drills market is showcasing the fastest growth owing to increased hospitals, a growing elderly population, and rising healthcare expenditure. Furthermore, the market has grown due to increased chronic diseases, government initiatives, and patient inflow. Due to its large senior population and quickly rising economy, China presently dominates the Asia Pacific surgical drills market. Furthermore, India and Australia account for a substantial share of the APAC market during the forecast period.

KEY PLAYERS IN THE GLOBAL SURGICAL DRILLS MARKET

Companies playing a pivotal role in the global surgical drills market profiled in this report are Zimmer Biomet, Stryker, Medtronic, B. Braun Medical Inc., Johnson & Johnson Services, McGinley Orthopedics, and CONMED Corporation.

RECENT HAPPENINGS IN THIS MARKET

  • NAVENTO Navigation Endoscopic Tower was launched, a new generation tower from Joimax. NAVENTO will be demonstrated at the North American Spine Society (NASS) meeting in Boston later this month and at EUROSPINE in Vienna in October 2021 and is optimized for endoscopic spine surgery with particular settings for the safe treatment of delicate structures.
  • In 2019, Medtronic announced the purchasing decision of Israeli catheter producer AV Medical.

DETAILED SEGMENTATION OF THE GLOBAL SURGICAL DRILLS MARKET INCLUDED IN THIS REPORT

This research report on the global surgical drills market has been segmented and sub-segmented based on the product, application, end-user, and region.

By Product

  • Pneumatic Drills
  • Electric Drills
  • Battery Powered Drills
  • Accessories

By Application

  • Orthopedic Surgery
  • Neurosurgery
  • Ear Nose Throat (ENT)
  • Dental Surgery

By End-User

  • Hospitals
  • Ambulatory Surgical Centers
  • Research Institutes

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

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Anil Kumar P is research manager at Market Data Forecast and responsible for Healthcare Domain.

Author

Anil Kumar P (Research Manager - Healthcare)

Anil Kumar P is the lead author of this report and the manager of the team responsible for authoring healthcare reports at Market Data Forecast. He holds a Bachelor’s degree in Pharmacy (Hons.) from BITS Pilani, one of India’s premier institutions. Over the past seven years, Anil has gained extensive experience working with multiple market research companies, where he has collaborated with a diverse range of clients—from innovative startups to Fortune 500 companies—delivering data-driven insights and strategic advice that drive business growth.

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Frequently Asked Questions

How much was the global surgical drills market worth in 2021?

The global surgical drills market size was worth USD 980 million in 2021.

Which segment by type is dominating in the surgical drills market in 2021?

The pneumatic drills segment led the surgical drills market in 2021 among the various types.

Which region is anticipated to witness significant growth in the surgical drills market?

Geographically, the APAC region is estimated to showcase the fastest CAGR in the global surgical drills market during the forecast period.

Who are the major players in the surgical drills market?

Zimmer Biomet, Stryker, Medtronic, B. Braun Medical Inc., Johnson & Johnson Services, McGinley Orthopedics, and CONMED Corporation are a few of the notable players in the surgical drills market.

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