The European market size for surgical drills is estimated to be USD 0.45 billion by 2029 from USD 0.35 billion in 2024, growing at a CAGR of 5.23% from 2024 to 2029.
YOY growth in hip and knee replacement surgeries across the European region drives the European surgical drills market growth. Most healthcare providers are showing interest in using surgical drills for knee replacement. For the operation, they need to drill the bones so that it does not affect the other part of the bone. Surgical drills are the best way to operate smartly without failure for this type of surgery. Increasing road accidents and the older population is the main reason for increasing these types of surgeries.
The growing population suffering from dental disorders is further propelling regional market growth. According to the statistics published by Eurostat, an estimated 5% of the overall population of the European region aged above 16 years faced an unexpected dental examination or treatment in 2021. Due to increasing dental problems, manufacturers focus on developing dental drills that make it easy to keep holes to remove the decay and the extra teeth and are also used for polishing fillings. As a result, dentists prefer to use portable and battery or electric power dental drills for dental implants and dental surgeries.
The growing adoption of technological advancements in surgical drills is expected to result in market growth in the European region during the forecast period. Most key players are focused on manufacturing advanced and new surgical drills to reduce the time taken to drill in specific parts and reduce pain after the drilling process. As a result, robotic drills are coming into play. Robotic drills are operated by computer-based software to reduce human error in drilling. Therefore, it takes less time compared to regular drilling. Some of the advanced technologies, such as adding some features to the surgical drills such as automatic stop of the drill working after taken from the body part, some of the sensors, and the wireless surgical drill, which can work without electricity, are the other factor driving the market forward. Furthermore, increasing government investment and research and development on the surgical drill are the other factors driving the market forward in this region.
However, the high costs associated with advanced surgical drills are hindering the surgical drills market’s growth rate in Europe. Due to fewer budgets in the hospitals, most of the hospitals need to show interest in buying such high-priced devices. Furthermore, the lack of skilled professionals is another major factor restraining market growth. The person who does not know operating the drill may lead severe injuries and sometimes leads to death also. In addition, the sterilization process is complicated for surgical drill devices. Improper sterilization may lead to severe results after use on the patients.
This research report on the European surgical drills market has been segmented and sub-segmented into the following categories.
By Product:
By Application:
By End-User:
By Country:
Geographically, the European region accounted for a substantial share of the global market in 2021. The European surgical drills market is predicted to grow at a healthy CAGR in the coming years, owing to the growing aging population and increasing healthcare expenditure. In addition, an increasing number of surgical drilling training centers in Europe is propelling regional market growth. Due to increasing advancement in surgical drills, the training center helps the healthcare provider know the feature and operating procedures of the new surgical drills to reduce the mistake made by the new devices, which affects people while operating. Furthermore, YOY growth in the incidence of neurological disorders across Europe is expected to contribute to the surgical drills market growth in Europe. A neurological disorder is the third most common disease in the EU. Neurosurgical drills make a small hole into the skull to do the operation for a specific reason. Therefore, this drill must be manufactured carefully for a positive outcome in the surgeries.
Germany is one of the most lucrative regional markets for surgical drills across Europe. It is expected to showcase a healthy growth rate during the forecast period, followed by the UK. An increasing number of product launches and the approval of the drill in Germany and the United Kingdom propel the market growth. The German government followed several measures in approving the drill because it is used for sensitive body parts during surgeries for the patient’s safety.
KEY MARKET PLAYERS:
Zimmer Biomet, Stryker, Medtronic, B. Braun Medical Inc., Johnson & Johnson Services, McGinley Orthopedics, and CONMED Corporation are a few of the noteworthy players in the European surgical drills market profiled in this report.
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