Surgical Drills Market Size

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.

To get key market trends

  Download Free Sample

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.