Surgical Drill Market Size, Insights, Outlook, and Overview by 2024-2033

Overview and Scope

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.

Sizing and Forecast

The surgical drill market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. 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 $1.55 billion in 2028 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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Segmentation & Regional Insights

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

North America was the largest region in the surgical drill market in 2023. 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

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Major Driver Impacting Market Growth

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, according to the 2022 Australian Orthopedic Association National Joint Replacement Registry (AOANJRR) Annual Report, in 2021, the number of hip, knee, and shoulder joint replacements increased by 8,411 procedures (7%) compared to the previous year (2021). Therefore, the rise in the number of surgical procedures is driving the surgical drill market.

Key Industry Players
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

The surgical drill market report table of contents includes:

1. Executive Summary
2. Surgical Drill Market Characteristics
3. Surgical Drill Market Trends And Strategies
4. Surgical Drill Market – Macro Economic Scenario
5. Global Surgical Drill Market Size and Growth
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32. Global Surgical Drill Market Competitive Benchmarking
33. Global Surgical Drill Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Surgical Drill Market
35. Surgical Drill Market Future Outlook and Potential Analysis
36. Appendix