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Surgical Drills Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028

  • Report ID: GMI4022

Surgical Drills Market Size is set to see a significant inclination between the years 2022 and 2028 due to the higher burden of chronic and trauma conditions coupled with the growing access to advanced healthcare facilities. The growing prevalence of road accidents, sports & orthopedic diseases, and dental problems has led to the rise in the number of surgical procedures worldwide. Rising number of R&D investments along with higher technological developments, and the globally expanding geriatric population will also add impetus to the market expansion.
 

Surgical drills are instruments that are used to bore holes in bones for attaching surgical pins, plates, or screws and to remove decays while reshaping teeth in preparation for a filling. They also act as devices to cater to a wide range of applications, spanning from dental to neurological surgeries.
 

However, the decreased adoption of highly advanced surgical equipment and the limited budget for state-owned healthcare facilities for procuring the surgical instruments, along with higher investments will restrict the surgical drills market penetration to some extent.
 

Based on products, the demand for pneumatic surgical drills will grow substantially with rising number of dental and oral surgeries. These drills work with enhanced torque to offer easier and faster drills while providing minimal time consumption under anesthesia as well as safer surgical procedures. They are largely used in dental surgeries as they operate by expanding the compacted air. These drills witness higher preference over other products as they offer better patient compliance. Increasing adoption of pneumatic high-speed drills in spinal trauma surgery will also aid in segment growth.
 

With respect to application, the surgical drills industry revenue from the orthopedic surgery segment will expand with higher utility in different sizes and styles for facilitating operations. They are employed to drill holes in bones for the placement of bone screws in orthopedic surgeries that involve internal or external fixation.
 

Regionally, North America surgical drills market will gain considerable traction up to 2028 owing to the escalating R&D investments in the healthcare sector and growing technological enhancements. The increasing rate of road accidents and bone fractures has led to higher requirement for orthopedic and dental procedures, resulting in a growing number of surgeries. According to the CDC (Centers for Disease Control and Prevention), more than 1.35 million individuals are killed on roadways across the world each year. The surging consumer awareness regarding dental hygiene and the higher disposable incomes will also sway the industry progression.
 

Furthermore, the presence of well-established healthcare infrastructure in the region has made way for the increased availability of high-skilled surgeons across various fields. Factors, like the increasing number of multinational companies and favorable government policies, will also bolster the regional surgical drills market growth.
 

Leading players in this business space include De Soutter Medical, CONMED, GPC Medical, adeor medical, Medtronic, Arthrex (Arthrex), DePuy Synthes, Allotech, Zimmer Biomet, B. Braun Melsungen (B. Braun Holding GmbH & Co. KG), and Stryker.
 

Inorganic strategic team-ups, like acquisitions and partnerships, along with capacity expansions, novel product developments, and investments are largely adopted by these surgical drills companies for reinforcing their market position and attaining competitive advantages.
 

For instance, in December 2020, Medtronic plc disclosed the FDA (Food and Drug Administration) approval for the usage of Midas Rex™ high-speed drills along with navigated disc prep as well as interbodies with the Mazor™, its Robotic Guidance System. This helped the firm in strengthening its leadership in navigated, and robotic spine surgery in the U.S.
 

Impact of the COVID-19 crisis on surgical drills market outlook

The COVID-19 pandemic had some serious repercussions on the global economy considering the emergence of nationwide lockdowns and social distancing regulations. However, it proved beneficial to the growth of surgical drills market owing to the extended focus on various protective measures to limit the risk of viral transmission within the operative settings. The rising acceptance of drill splatter in orthopedic procedures amid the outbreak also assisted in the market expansion.
 

The surgical drills market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:

Market, by Product

  • Pneumatic Drills
  • Electric Drills
  • Battery Powered Drills
  • Accessories
  • Others

Market, by Application

  • Orthopedic Surgery
  • Neurosurgery
  • Ear Nose Throat (ENT)
  • Dental Surgery
  • Others

Market, by End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Research Institutes
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Mexico
    • Brazil
  • Middle East and Africa
    • Saudi Arabia
    • South Africa

 

What Information does this report contain?

Historical data coverage: 2017 to 2021; Growth Projections: 2022 to 2028.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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