Surgical Drills Market by Product, Type, Application, End User

List of Tables

[195 Pages Report] The Surgical Drills Market size was estimated at USD 1.56 billion in 2023 and expected to reach USD 1.71 billion in 2024, at a CAGR 10.54% to reach USD 3.14 billion by 2030.

Surgical drills are essential for boring holes in bone for medical screw fixation and removing bone tissues to access target surgical sites. They are widely adopted in numerous surgical procedures, including orthopedic, neurosurgery, ear, nose, throat, and dental. Surgical drills need fewer steps to simulate surgery, saving time using a more reliable and accurate method. The availability of cutting-edge surgical drills enables effective surgical outcomes for surgeons. However, certain limitations, such as breakage risk drill bit and heating issues due to speedy rotation, can impact the surgical drill performance. The new developments in the field, such as robotic automated surgical drills and miniaturized design, are attracting end-users and gaining more product penetration potential.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.56 billion
Estimated Year [2024]	USD 1.71 billion
Forecast Year [2030]	USD 3.14 billion
CAGR (%)	10.54%

Type: Growing preference for reusable surgical drills flexibility, durability, and high performance

Disposable surgical drills are single-use devices designed for various procedures requiring precision and minimal risk of cross-contamination. These drills are becoming increasingly popular in settings emphasizing infection control and rapid turnover. Disposable surgical drills are preferred in surgeries where the risk of infection is high and when the cost and logistics of sterilizing reusable equipment outweigh the benefits. Reusable surgical drills are designed for multiple uses, with the requirement for sterilization between surgeries. These drills offer flexibility, high performance, and durability, making them a vital tool in many surgical procedures. Hospitals and surgical centers that prioritize cost-effectiveness over the long term and have established sterilization processes prefer reusable drills.

Application: Ongoing advancements surgical drills for neurological surgeries for reducing vibration and enhancing precision

In the domain of dentistry, surgical drills are predominantly utilized for implant placements and procedures related to tooth extractions, such as alveolectomy. The need-based preference for surgical drills in dental applications gravitates towards high precision, minimal vibration, and adaptability to various bone densities. Surgical drills for ENT applications are designed with a focus on maneuverability and precision, catering to the intricate nature of otolaryngology surgeries. These drills are utilized in procedures such as mastoidectomies and cochlear implants. Neurological surgical drills are essential for procedures that require craniotomies, ventriculostomies, and the insertion of neurostimulators, highlighting a need for extreme precision and the capacity to operate within close margins around critical brain structures. Surgical drills in orthopedics are pivotal for a variety of procedures, including joint replacements, fracture management, and ligament/tendon repairs. These drills are characterized by their robustness and the ability to penetrate dense bone structures efficiently.

Regional Insights

America showcases a developed and innovative landscape for the surgical drills market owing to the rising incidence of road accidents and the rising need for orthopedic procedures. Moreover, product development and partnerships between key market players drive the demand for surgical drills in the region. In Europe, the Middle East & Africa, the surgical drill market is growing steadily with the developed healthcare infrastructure, availability of advanced instruments such as surgical drills, government support for medical training, and growing medical tourism. The rise in the number of surgical orthopedic and cosmetic surgical procedures recorded in the Asia-Pacific region. In addition, increasing surgical centers across emerging economies and improving product availability showcase the positive trend for the Asia-Pacific surgical drill development.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Surgical Drills Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Surgical Drills Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Surgical Drills Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Accuromm USA Inc., Adeor Medical AG, Advance Tools, Advin Health Care, Alden Tool Company, Inc., Apothecaries Sundries Mfg. Pvt. Ltd., Arbutus Medical, Arthrex, Inc., B. Braun SE, Bioventus LLC, Brasseler USA, Changzhou Huida Medical Instrument Co., Ltd., Chongqing Xishan Science & Technology Co., Ltd., Conmed Corporation, De Soutter Medical Limited, GPC Medical Ltd., Imedicom Co., Ltd., Johnson & Johnson Service, Inc., Manman Manufacturing Company Private Limited, Marver Med Inc., McGinley Orthopedics, Medical Bees GmbH, Medical Component Specialists, Inc., Medtronic PLC, MicroAire Surgical Instruments, LLC, MW Industries, Narang Medical Limited, Nouvag AG, Peleton Surgical, Sharma Orthopedic (India) Pvt. Ltd., Sofemed, Stoelting Co., Stryker Corporation, Zimmer Biomet Holdings, Inc., and Joimax GmbH.

Market Segmentation & Coverage

This research report categorizes the Surgical Drills Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Accessories
- Instruments
  - Battery Drill
  - Electric Drill
  - Pneumatic Drill
Type
- Disposable
- Reusable

Application
- Dental
- ENT
- Neurological
- Orthopedic

End User
- Hospitals & ASCs
- Specialty Clinics

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Surgical Drills Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Surgical Drills Market?

3. What are the technology trends and regulatory frameworks in the Surgical Drills Market?

4. What is the market share of the leading vendors in the Surgical Drills Market?

5. Which modes and strategic moves are suitable for entering the Surgical Drills Market?

Product Code: MRR-957C47F94361

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing prevalence of chronic disorders and accidental cases requiring surgical intervention
  - 5.1.1.2. High occurrence of dental disorders and need for implants
- 5.1.2. Restraints
  - 5.1.2.1. High cost of powered surgical drill instruments and recall of surgical drills
- 5.1.3. Opportunities
  - 5.1.3.1. Emergence of robotic and computer-assisted surgical drills
  - 5.1.3.2. Novel development in miniaturized and portable surgical drills
- 5.1.4. Challenges
  - 5.1.4.1. Limitation and complications associated with the surgical drills
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing preference for reusable surgical drills flexibility, durability, and high performance
- 5.2.2. Application: Ongoing advancements surgical drills for neurological surgeries for reducing vibration and enhancing precision
5.3. Market Trend Analysis
- 5.3.1. Potential production capabilities, well-developed regulatory framework, and evolving technological innovation enhance the surgical drill market in America
- 5.3.2. Prevalence of surgical procedures, and rising financial assistance by governments driving the growth of the surgical drills in the Asia-Pacific region.
- 5.3.3. Advanced and competitive landscape of surgical drills market in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
5.9. Client Customization

6. Surgical Drills Market, by Product

6.1. Introduction
6.2. Accessories
6.3. Instruments

7. Surgical Drills Market, by Type

7.1. Introduction
7.2. Disposable
7.3. Reusable

8. Surgical Drills Market, by Application

8.1. Introduction
8.2. Dental
8.3. ENT
8.4. Neurological
8.5. Orthopedic

9. Surgical Drills Market, by End User

9.1. Introduction
9.2. Hospitals & ASCs
9.3. Specialty Clinics

10. Americas Surgical Drills Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Surgical Drills Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Surgical Drills Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. McGinley Orthopedics Received Innovative Technology Contract from Vizient for IntelliSense Orthopedic Drill
- 13.3.2. Stryker Launched New Surgical Drill.
- 13.3.3. Genome BC Invests USD 1.13 Million in Innovative Solution to Improve Surgical Care for Skeletal Traction
- 13.3.4. Arthrex Received FDA Clearance for TightRope Implant as First, Only Device Cleared for Pediatric ACL Surgery
- 13.3.5. Johnson & Johnson, Globus Medical Ink acquisitions for robotic strategy
- 13.3.6. Medtronic Launches Mazor X in Canada
- 13.3.7. ClearPoint Neuro, Inc. Announced Strategic and Commercial Partnership with European Surgical Equipment player Adeor Medical AG
- 13.3.8. Joimax Launched New Generation of Shrill Shaver Drill System
- 13.3.9. Surgeons Completed First Procedures Across the U.S. Utilizing Medtronic's Midas Red Drills and Navigated Disc Prep and Interbodies with the Mazor Robotic Guidance System

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio