Global Surgical Drills Market Size, Share, and COVID-19 Impact Analysis, By Product (Accessories and Instruments), By Application (Dental Surgeries, Ear, Nose, & Throat (ENT) Surgeries, Orthopedic Surgeries, and Others), By End-User (Ambulatory Surgical Centers, Hospitals and Clinics, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Surgical Drills Market Insights Forecasts to 2033

• The Global Surgical Drills Market Size was Estimated at USD 1.18 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.47% from 2023 to 2033
• The Worldwide Surgical Drills Market Size is Expected to Reach USD 2.01 Billion by 2033
• Asia Pacific is predicted to Grow at the fastest CAGR throughout the projection period

The Global Surgical Drills Market Size is anticipated to Exceed USD 2.01 Billion by 2033, Growing at a CAGR of 5.47% from 2023 to 2033.

Market Overview

The surgical drill market comprises the manufacturing and distribution of surgical drills that are employed in several surgical procedures including neurosurgeries, dental surgeries, ENT surgeries, and orthopedic surgeries. Surgical drills are the instruments that are widely utilized in craniotomy bone flaps, skull base bone removal, spine surgery bony decompression, and instrumentation to expose underlying neurovascular structures, reduce brain retraction, and facilitate instrumentation.

The rising proportion of surgical procedures such as neurosurgeries and dental surgeries escalates the need for surgical drills resulting in market expansion. For instance, the data provided by the Journal of Neurosurgery states that 13.8 million people were estimated for neurological cases to develop every year, in low and middle-income countries. Approximately 2 million neurosurgery procedures are anticipated in Africa, compared to roughly 665,000 in the US and Canada.

The surgical drills market is experiencing growth due to the rise in sports-related injuries, particularly in lower extremities like ankles and knees. Considering a million young athletes treated annually for sports injuries globally, the demand for advanced orthopedic solutions, including surgical drills, is increasing. Advancements in precision, ergonomic designs, and smart technologies, such as battery-powered drills and robotic-assisted systems, are driving market growth. These innovations cater to the growing demand for minimally invasive procedures, boosting efficiency and expanding the market's scope.

Report Coverage

This research report categorizes the global surgical drills market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global surgical drills market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global surgical drills market.

Driving Factors

Innovations and idealistic features of the surgical drills:

The need for surgical drills has grown dramatically due to technological improvements, as they provide many benefits such as better navigation, enhanced drilling capability, and less tissue injury. Furthermore, to be portable and not require constant energy, these drills can be modified to work with both locking and non-locking screws. These developments have also solved safety issues and mistakes relied on by hand drilling, guaranteeing precise navigation and a safer surgical procedure.

Rising proportion of surgical procedures:

The increased prevalence of chronic diseases such as gastrointestinal diseases, cardiovascular diseases, cancerous conditions, an increasing proportion of the geriatric population, and road traffic collision injuries leads to a growing number of surgical procedures resulting in the expansion of the surgical drills market.

Restraining Factors

The surgical drills market might be hindered by a lack of awareness of modern devices and tools in hospitals in low-income regions, stringent regulatory standards, complex manufacturing processes, high cost of products, and lack of reimbursement policies.

Market Segmentation

The global surgical drills market share is classified into product, application, and end-user.

• The instruments segment dominated the market with 59.22% of the share in 2023 and is anticipated to grow at a significant CAGR throughout the forecast period.

Based on the product, the global surgical drills market is categorized into accessories and instruments. Among these, the instruments segment dominated the market with 59.22% of the share in 2023 and is anticipated to grow at a significant CAGR throughout the forecast period. This segment growth is attributed to the high-performance drill bits for specific surgical procedures, generation of anatomical structures, greater precision and cutting efficiency, lowering tissue stress, biocompatible, portable, easy to use, rotate at high speed, versatility, and in-built features with adjustable speed.

• The orthopedic surgeries segment held the largest market share of 39.68% in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.

Based on the application, the global surgical drills market is categorized into dental surgeries, ear, nose, & throat (ENT) surgeries, orthopedic surgeries, and others. Among these, the orthopedic surgeries segment held the largest market share of 39.68% in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. This segment growth is driven by factors like an aging population, increased bone fractures, increased prevalence of musculoskeletal diseases, and conditions like osteoarthritis and osteoporosis. An advanced drill, integrating innovative technology, addresses this demand for precision in orthopedic procedures, marking a significant advancement in surgical drill technology.

• The hospitals and clinics segment held the largest market share of 45.18% in 2023 and is predicted to grow at a significant CAGR throughout the projected timeframe.

Based on the end-user, the global surgical drills market is categorized into ambulatory surgical centers, hospitals and clinics, and others. Among these, the hospitals and clinics segment held the largest market share of 45.18% in 2023 and is predicted to grow at a significant CAGR throughout the projected timeframe. The demand for surgical drills in hospitals and clinics is driven by the high volume of surgical procedures, the prevalence of chronic conditions like osteoarthritis and osteoporosis, and the rise in orthopedic surgeries. The trend towards minimally invasive surgeries, requiring specialized drill equipment, contributes to the growth of the surgical drills market. Hospitals and clinics are primary locations for complex and high-frequency procedures, reinforcing their central role in the market. The sector's substantial investment in healthcare infrastructure and technology advancements supports its leading market position.

Regional Segment Analysis of the Global Surgical Drills Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global surgical drills market over the predicted timeframe.

North America is anticipated to hold the largest share of the global surgical drills market over the predicted timeframe. The extensive usage of innovative surgical drill systems and technologies, and sophisticated healthcare infrastructure including contemporary hospitals and ambulatory surgery centers drive the market growth. Contemporary technology and better surgical care are presently in considerable demand as the outcome. Technological advances in robotic-assisted surgery, surgical drill systems, navigation technologies, and smart instrumentation are being propelled by the region's investigation ecosystem, academic institutions, and industry-academia partnerships. This has led to market innovation and product development in the medical sector.

Asia Pacific is anticipated to grow at the fastest CAGR throughout the projected timeframe. The Asia-Pacific surgical drills market is experiencing significant growth due to the advancements in healthcare infrastructure in countries like India, China, and Japan, along with a thriving medical tourism sector. The market is driven by increasing orthopedic implant procedures, chronic orthopedic conditions, and better diagnostic tools. Technological advancements, such as 3D printing and smart sensors, are also contributing to market expansion. Japan's market is set for rapid growth due to rising musculoskeletal issues, an aging population, and increased demand for joint replacements. China's market is highly competitive due to its aging population, increasing use of minimally invasive procedures, and increasing focus on health and fitness. India's market is highly competitive due to the increasing availability of minimally invasive procedures, an elderly population, and the increasing incidence of conditions like osteoporosis, osteoarthritis, and obesity.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global surgical drills market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Medtronic plc
• DePuy Synthes
• Zimmer Biomet Holdings Inc.
• NOUVAG AG
• De Soutter Medical]
• Millennium Surgical Corp
• Brasseler USA
• Stryker Corporation
• Smith and Nephew
• CONMED Corporation
• B. Braun Melsungen AG
• ClearPoint Neuro, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2024, Myron Meditech launched the new website, https://Myronmeditech.com, showcasing advanced orthopedic bone drill technology and a range of high-quality instruments, including bone drillbits and surgical saws, marking a significant advancement in orthopedic care.

• In January 2023, Stryker launched its CD NXT System, a revolutionary power tool that offers real-time depth measurement as the surgeon drills, ensuring fast, accurate, and consistent digital depth measurement across various procedures. This technology streamlines instrumentation and surgical steps, eliminating errors associated with manual depth gauges. The system operates independently of the implant system, allowing broad market use.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global surgical drills market based on the below-mentioned segments: 

Global Surgical Drills Market, By Product

• Accessories
• Instrument

Global Surgical Drills Market, By Application

• Dental Surgeries
• Ear Nose, & Throat (ENT) Surgeries
• Orthopedic Surgeries
• Others

Global Surgical Drills Market, By End-User

• Ambulatory Surgical Centers
• Hospitals and Clinics
• Others

Global Surgical Drills Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa