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Surgical Drills Market - By Product (Instruments {Battery Powered, Electric, Pneumatic}, Accessories), Application (Orthopedic, Dental, Neurosurgery, ENT), Usage (Disposable, Reusable), End-use (Hospitals, Clinics, ASCs) – Global Forecast, 2024 – 2032
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Surgical Drills Market
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Premium Report Details
Base Year: 2023
Companies covered: 12
Tables & Figures: 319
Countries covered: 22
Pages: 160
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Surgical Drills Market Size
Surgical Drills Market size was valued at around USD 1.5 billion in 2023 and is estimated to expand at 5.9% CAGR from 2024 to 2032. This robust market growth can be attributed to various factors, including ongoing advancements in technology, rising surgical procedure volumes, surge in adoption of minimally invasive surgical techniques, and increasing geriatric population among others.
Additionally, rising demand for dental implants procedures, and growing investments in healthcare infrastructure development, are other supporting factors. Moreover, the global aging population is prone to age-related degenerative disorders, fractures, and chronic diseases requiring surgical intervention. The older demographics, owing to their increased healthcare needs, contributes to the greater demand for orthopedic joint reconstruction, spinal procedures, and dental implants, is driving the use of surgical drill systems in geriatric care.
For instance, according to a recent United Nations (UN) research report, the number of people aged 65 and over globally is predicted to treble over the next three decades. The geriatric population is expected to reach 1.6 billion by 2050, accounting for more than 16% of the worldwide population. Furthermore, the growing incidence of musculoskeletal issues, neurological conditions, dental problems, and cardiovascular diseases are driving the global demand for surgical procedures.
Surgical drills are specialized medical devices used in various surgical procedures to create precise holes, openings, or channels in bone, tissue, or other anatomical structures. These drills are essential tools in surgical disciplines, where precise drilling is required to perform procedures such as bone fixation, bone grafting, tumor resection, dental implant placement, and joint arthroplasty among others.
Surgical Drills Market Trends
The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous technological advancements in surgical techniques, growing demand for dental implantology, surging need for integrated surgical drill systems, and increasing adoption of disposable and single-use drill systems, among other factors are propelling the industry growth.
Surgical Drills Market Analysis
The market by product is categorized into instruments and accessories. The instruments segment is further divided into pneumatic drills, electric drills, and battery powered drills. The instruments segment accounted for majority revenue share and was valued at around USD 1 billion revenue in 2023.
Based on application, the surgical drills market is segmented into orthopedic surgery, dental surgery, neurosurgery, ENT surgery, and other applications. The orthopedic surgery segment dominated the market and accounted for 41.3% business share in 2023 and is anticipated to witness significant growth.
Based on usage, the surgical drills market is segmented into disposable and reusable. The disposable segment dominated the market and accounted for over 63.6% business share in 2023.
The surgical drills market by end-use is categorized into hospitals and clinics, ambulatory surgical centers, and other end-users. The hospitals and clinics segment accounted for around USD 867.4 million revenue size in 2023.
North America surgical drills market accounted for USD 584.2 million revenue in 2023 and is predicted to witness substantial market growth over the analysis timeline.
Surgical Drills Market Share
The surgical drills industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based with precise operational capability is among a key market strategy. Some of the leading industry players including B. Braun Melsungen AG, DePuy Synthes, Medtronic plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., among others have a notable presence in the market.
Surgical Drills Market Companies
Some of the eminent market participants operating in the surgical drills industry include:
Surgical Drills Industry News:
Surgical drills market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 – 2032 for the following segments:
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Market, By Product
Market, By Application
Market, By Usage
Market, By End-use
The above information is provided for the following regions and countries: