Surgical Drills Market Trends And Forecast 2023-2030

Global Surgical Drills Market reached USD 1.0 billion in 2022 and is expected to reach USD 1.5 billion by 2030 growing with a CAGR of 4.6% during the forecast period 2023-2030. The surgical drills market is a growing industry that are used to remove decay and reshape teeth in order to prepare them for fillings or to bore holes in bone for the attachment of surgical pegs, plates, or screws in the dental surgeries.

There are different drill points there such as conical, split points, 3-flute points and trocar points. High-precision drills, automated drills, battery-powered drills, and reusable drills are some of the key trends that are driving the growth of the surgical drills market.

Orthopaedic surgeries are expected to dominate the surgical drill market with a market share of around 32.0%. The factors such as an increase in the prevalence of orthopaedic diseases, advancements in surgical drill tools, and a surge in the adoption of navigated & robotics in surgical drills and new product launches drive the growth of the surgical drill market.

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Surgical Drills Market Dynamics and Trends:
Increasing Prevalence of Muscoskeletal Diseases Drive the Growth of the Surgical Drills Market
The prevalence of musculoskeletal diseases is driving the growth of the surgical drills market. For instance, according to the World Health Organisation (WHO), around 1.71 billion individuals worldwide have musculoskeletal problems in July 2022. Low back pain is the single greatest cause of disability in 160 countries, making musculoskeletal diseases the leading contributor to disability worldwide.

For instance, in Nov 2022, a study the article published by the National Library of Medicine(NIM), aims to investigate the one-year prevalence and the associated factors of work-related musculoskeletal Workers' musculoskeletal disorders (WMSDs) in Guangdong, China. Between September 2019 and December 2019, cross-sectional research of 4,181 furniture manufacturing workers (2953 men and 1228 women) was done.

The electronic version of the Chinese Musculoskeletal Questionnaires (CMQ) was used to collect all information on WMSDs. The overall prevalence of WMSDs was 31.57%. The neck (16.77%) has the greatest WMSD symptoms, followed by the shoulders (14.90%), ankles/feet (14.64%), hands/wrists (13.30%), upper back (11.48%), and lower back (10.95%).

New Product Launches in the Market Drives the Growth of the Surgical Drills Market:
New product launches are driving the growth of the surgical drill market. For instance, In march 2023, Stryker launched new surgical drill. The revolutionary system measures depth in real-time while the surgeon drills. Stryker has announced the release of their CD NXT System, the company's latest breakthrough in power tools. The proprietary system measures depth in real-time as the surgeon drills, providing for fast, accurate, and consistent digital depth.

Similarly, On 12 June 2023, Mighty Oak Medical partnered with HP to improve spinal surgeries with 3D printing. HP Multi-Jet Fusion Technology enables the creation of tailored 3D printed models and equipment to aid with pedicle screw placement and spinal fusion surgeries. Mighty Oak Medical has established a technical agreement with HP for 3D-printed healthcare solutions using HP's Jet Fusion 5200 3D printers.

Post Surgery Complications Associated with Procedures will Hamper the Growth of the Market:
Post-surgery complications associated with surgical drill procedures have become a major concern in recent years, leading to a decrease in the growth of the surgical drill market. Post-surgical complications include infection, blood clots,reaction to anaesthesia, organ injury. These complications have caused many hospitals and medical centres to reduce their usage of surgical drills, instead opting for other methods such as lasers or other implements.

This has led to a decrease in demand for surgical drills, as well as fewer manufacturers entering or continuing with the surgical drill market. Furthermore, the cost associated with maintaining safe procedures and post-surgery care has led to a decrease in profits for those already in the market. The results have been a reduction in the growth of the surgical drills market.

Surgical Drills Market Segment Analysis:
The surgical drills market is segmented based on product type, application, End User, and region.
The Orthapaedic Segment Accounted for Approximately 32.0% of the Surgical Drills Market Share

Orthopaedic surgeries are expected to dominate the surgical drill market with a market share of around 32.0%. For instance, On March, 2023, McGinley Orthopedics announced its IntelliSense Drill Technology has received an Innovative Technology contract from Vizient, Inc. the nation's largest member-driven healthcare performance improvement company.

The contract was awarded based on the recommendation of IntelliSense Orthopedic Drill by hospital experts who serve on one of Vizient's member-led councils, and it signifies to Vizient members unique qualities that potentially bring improvement to the healthcare industry. Thus, based on the innovative technology contacts orthopaedics are going to dominate the surgical drilling market.Global Surgical Drills Market Geographical Penetration
North America Accounted for Approximately 40.9% of the Market Share in 2022, Owing to the Innovative Cranial Access Drill

North America accounted for approximately 40.9% and is expected to dominate the market in the forecast period for surgical drilling owing to the innovative cranial access drilll. For instance, on May 2023, Innovative Cranial Access Drill improves neurosurgical safety in ICU, Hubly Surgical's Hubly Drill is designed to minimize the difficulties associated with bedside cranial access.

It is the first and only cordless, single-use cranial drill equipped with advanced safety and efficiency features for use in any setting. It incorporates cutting-edge safety and efficiency features such as the SMART Auto-Stop, which utilizes a proprietary drill bit engineered to minimize over-plunge, a frequent issue with the current standard of care. Also, it includes a unique LED Force Indicator that alters color based on applied force, thereby enhancing user control.

Moreover, its single-use, cordless power design simplifies burr hole drilling into a procedure that can be executed with one hand, enhancing stability, user-friendliness, and speed. These advanced safety and efficiency characteristics reduce the costly reliance on operating rooms. Hubly Surgical has obtained 510k clearance from the US FDA for the marketing of the Hubly Drill.Surgical Drills Market Companies

The major global players in the surgical drills market include Zimmer Biomet, Stryker, Medtronic, AlloTech Co.,Ltd., B. Braun Melsungen AG, Johnson and Johnson Services, Inc., De Soutter Medical, NSK / Nakanishi Inc.,Adeor Medical AG, and Arthrex Inc

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