North America Surgical Drills Market

North America Surgical Drills Market Size (2022 to 2027)

The North American market size for surgical drills is projected to be growing at a CAGR of 5.46% from 2022 to 2027 and be worth USD 0.46 billion by 2027 from USD 0.36 billion in 2022.

Increasing R&D spending in the healthcare industry and expanding technical advancements are primarily propelling the North American surgical drills market forward. Other factors promoting the growth of the North American surgical drills market include changing lifestyles, changing consumer eating patterns, and an aging population. The leading cause of chronic illness and death in the population is a poor diet. Surgical drills are instruments used to drill holes in bones for surgical pins, plates, or screws, as well as to remove decay and reshape teeth in preparation for a filling. They can also be used as instruments for various procedures, ranging from dentistry to neurological. As a result, to meet such great demand, the surgical drills market is expected to grow significantly throughout the forecast period.

The need for minimally invasive surgeries has risen due to the technological improvements and the development of better implants, which is forecasted to drive the surgical drills market in the North American region. Due to patient and physician awareness of surgical drill safety and efficiency, developed healthcare infrastructure, and highly accessible technologically upgraded surgical drills, North America was designated the largest surgical drill market. During the forecast period, the surgical drills market in the North American region is further estimated to rise due to the increasing use of electric-operated instruments. Electrically powered power tools deliver consistent torque even when faced with resistance and a higher load due to improved safety precautions such as inbuilt fuses to prevent inadvertent injury. Electric power tools quickly become surgeons' preferred tools since their speed can be adjusted, providing greater surgical flexibility.

On the other hand, government regulations, post-surgery difficulties, and a shortage of competent medical professionals are a few potential barriers to the market's total growth. In addition, the surgical drills market in North America is also expected to be restricted by the lower adoption of modern surgical equipment and the limited funding for state-owned healthcare facilities to procure surgical instruments and more significant investments.

This report on the North American surgical drills market has been segmented and sub-segmented into the following categories.

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 Centres
• Research Institutes

By Country:

• The United States
• Canada
• Rest of North America

Geographically, North America held a significant share in the global surgical drills market in 2021 and is expected to maintain its position over the forecast period, owing to the region's high availability of highly skilled surgeons in various fields, rising incidence of road accidents, and rising demand for orthopedic and dental procedures, all of which are driving the need for surgical drills. Surgical drills are widely employed in treating sports injuries, which significantly contribute to the rising number of bone fractures. Bone fracture is the second most common sports injury in the United States, and surgical drills are commonly used to treat it. Fractures and bone dislocations account for more than 20% of sports injuries in the United States, implying that demand for surgical drill instruments may increase. Furthermore, international firms and government regulations, well-established healthcare infrastructure, and favorable government policies make this region a leader in this field.

KEY MARKET PLAYERS:

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