What are the latest figures on the surgical drill market’s size and projected CAGR?
The surgical drill market size has grown strongly in recent years. It will grow from $1.23 billion in 2024 to $1.31 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to initial market expansion, healthcare spending trends, pioneering robotics integration, regulatory framework establishment, early-stage research & development.
The surgical drill market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to global market penetration, increased healthcare spending, integration of robotics, adherence to regulatory standards, investment in research & development. Major trends in the forecast period include increased surgical procedures, rise in geriatric population, demand for minimally invasive surgeries, enhanced portability and ergonomics, R&D investment.
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Which Market drivers have played a significant role in driving the surgical drill market?
The growth in the number of surgical procedures is expected to propel the growth of the surgical drill market. Surgical procedures, usually referred to as surgery or surgical interventions, are performed by skilled medical professionals to treat, detect, or cure various illnesses or injuries. Surgical drills are employed in multiple surgical procedures to create precise openings or holes in bone, tissue, or rigid structures in several applications, including cardiovascular and gynecologic surgery and knee replacement procedures. For instance, in June 2024, according to the International Society of Aesthetic Plastic Surgery (ISAPS), a UK-based professional organization for board-certified plastic surgeons, the total number of surgical and non-surgical procedures reached approximately 34.9 million, marking a 3.4% increase. Additionally, surgical procedures rose by 5.5%, totaling over 15.8 million in 2023, compared to the previous year. Aesthetic procedures significantly contributed to this growth, with liposuction remaining the most common surgical procedure, accounting for over 2.2 million procedures performed in 2023. Therefore, the rise in the number of surgical procedures is driving the surgical drill market.
What are the key segments within the surgical drill market?
The surgical drill market covered in this report is segmented –
1) By Product: Pneumatic Drill, Electric Drill, Battery Powered, Accessories
2) By Material: Re-Usable, Disposable
3) By Application: Orthopedic Surgeries, Dental Surgeries, Ear, Nose, And Throat (ENT) Surgeries, Neurology Surgery, Other Applications
4) By End-User: Hospitals And Clinics, Ambulatory Surgery Centers, Other End-Users
Subsegments:
1) By Pneumatic Drill: High-Speed Pneumatic Drill, Low-Speed Pneumatic Drill
2) By Electric Drill: Corded Electric Drill, Cordless Electric Drill
3) By Battery Powered: Rechargeable Battery Drills, Non-Rechargeable Battery Drills
4) By Accessories: Drill Bits, Depth Gauges, Chuck Adapters, Cleaning And Maintenance Tools
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Which key players are shaping the surgical drill market?
Major companies operating in the surgical drill market report are Braun Melsungen AG, Medtronic PLC, Stryker Corporation, Zimmer Biomet Holdings Inc., Altra Industrial Motion, Arthrex Inc., GPC Medical Ltd., CONMED Corporation, Bioanalytical Systems Inc., Exactech Inc., SOFEMED International, Orthopromed Medical Supplies Inc., De Soutter Medical Ltd., ClearPoint Neuro Inc., MatOrtho Limited, AlloTech Co.Ltd., MicroAire Surgical Instruments LLC, Brasseler USA, Millennium Surgical Corp., Nouvag AG, Aygun Surgical Instruments Co.Inc., Adeor medical AG, Traumec Health Technology, Shanghai Bojin Medical Instrument Co. Ltd., Cliniva Healthcare
Which transformative trends will shape the surgical drill market landscape?
Major companies operating in the surgical drill market are developing innovative solutions such as digital devices to enhance surgical precision, efficiency, and ease of use. Digital devices refer to electronic tools that process, store, and transmit information in digital form, including smartphones, computers, tablets, and smartwatches. For instance, in March 2023, Stryker Corporation, US-based medication company, launched the CD NXT System, an innovative surgical drill, that introduced real-time digital depth measurement technology for surgical precision. This system provides automatic depth measurement, streamlines instrumentation, and reduces the need for manual gauges, enhancing procedural efficiency across various surgeries. The purpose of its launch is to streamline surgical processes, reduce reliance on manual gauges, and improve accuracy and reproducibility based on surgeon feedback. This innovation aims to meet the evolving needs of healthcare professionals while ensuring better procedural outcomes across various surgical applications.
How do regional factors impact the surgical drill market, and which region is the largest contributor?
North America was the largest region in the surgical drill market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical drill market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Surgical Drill Market Report 2025 Offer?
The surgical drill market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A surgical drill is a specialized medical instrument designed for cutting, drilling, or creating holes in bone or hard tissues during surgical procedures. These drills are precision instruments that surgeons use to perform various types of surgery, particularly in orthopedics, neurosurgery, dentistry, and other medical fields.
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