Surgical Drills Market Report: Trends, Forecast and Competitive Analysis to 2030

Surgical Drills Trends and Forecast

The future of the global surgical drills market looks promising with opportunities in the hospitals, clinics, and ambulatory surgical centers markets. The global surgical drills market is expected to grow with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are rise in the frequency of road collisions and increase in the volume of surgical procedures.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Surgical Drills by Segment

The study includes a forecast for the global surgical drills by product, application, end use, and region.

Surgical Drills Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Instrument
• Accessories

Surgical Drills Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Orthopedic Surgery
• Neurosurgery
• Ear Nose Throat
• Dental Surgery
• Others

Surgical Drills Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others

Surgical Drills Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Surgical Drills Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies surgical drills companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the surgical drills companies profiled in this report include-

• Sofemed
• Medtronic
• Johnson & Johnson
• Brasseler USA
• De Soutter Medical
• Joimax
• Arthrex
• Stryker
• CONMED
• Allotech

Surgical Drills Market Insights

Lucintel forecasts that instrument will remain larger segment over the forecast period due to rising incidence of dental health issues.

Within this market, hospitals will remain the largest segment due to growing need for sophisticated treatment options.

North America will remain the largest region over the forecast period due to presence of established healthcare infrastructure and surge in the introduction of products within the region.

Features of the Global Surgical Drills Market

Market Size Estimates: Surgical drills market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Surgical drills market size by product, application, end use, and region in terms of value ($B).

Regional Analysis: Surgical drills market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, applications, end uses, and regions for the surgical drills market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the surgical drills market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for surgical drills market?

Answer: The global surgical drills market is expected to grow with a CAGR of 5.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the surgical drills market?

Answer: The major drivers for this market are rise in the frequency of road collisions and increase in the volume of surgical procedures.

Q3. What are the major segments for surgical drills market?

Answer: The future of the surgical drills market looks promising with opportunities in the hospitals, clinics, and ambulatory surgical centers markets.

Q4. Who are the key surgical drills market companies?

Answer: Some of the key surgical drills companies are as follows:

• Sofemed
• Medtronic
• Johnson & Johnson
• Brasseler USA
• De Soutter Medical
• Joimax
• Arthrex
• Stryker
• CONMED
• Allotech

Q5. Which surgical drills market segment will be the largest in future?

Answer: Lucintel forecasts that instrument will remain larger segment over the forecast period due to rising incidence of dental health issues.

Q6. In surgical drills market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to presence of established healthcare infrastructure and surge in the introduction of products within the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the surgical drills market by product (instrument and accessories), application (orthopedic surgery, neurosurgery, ear nose throat, dental surgery, and others), end use (hospitals, clinics, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?