Press release
Rising Surgical Procedure Rates Fueling Growth In The Surgical Drill Market Driver: Leading Transformation in the Surgical Drill Market in 2025
Surgical Drill Market Growth
In recent times, the size of the surgical drill market has seen substantial growth. With an expected rise from $1.23 billion in 2024 to $1.31 billion in 2025, the projected compound annual growth rate (CAGR) is 6.8%. Factors that have led to this growth during the historical period include the initial expansion of the market, emerging trends in healthcare spending, the introduction of innovative robotics, the establishment of regulatory frameworks, and the commencement of research and development at early stages.
Significant expansion is projected in the surgical drill market in the upcoming years. The market is estimated to swell to $1.66 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 6.0%. The predicted upturn during the forecast period can be tied to broader global market penetration, escalating healthcare expenditure, the incorporation of robotics, compliance to regulatory norms, and increased investment in research and development. Key trends for the forecast period encompass a rise in the number of surgical procedures, an aging population, a growing demand for less invasive surgeries, improved portability and ergonomics, and increased efforts towards R&D.
What Is Driving the Growth Trajectory of the Surgical Drill Market?
The upswing in the volume of surgical operations is anticipated to accelerate the expansion of the surgical drill market. Typically referred to as surgery or surgical interventions, these procedures are executed by trained medical practitioners to diagnose or manage various health conditions or injuries. These surgical drills are used in a myriad of surgical procedures to fashion out accurate openings or cavities in bones, tissues, or hardened structures. They play crucial roles in surgeries such as cardiovascular, gynecological, and knee replacement. For example, in June 2024, as reported by the International Society of Aesthetic Plastic Surgery (ISAPS), a UK-based professional group for board-certified plastic surgeons, the combined number of surgical and non-surgical procedures hit approximately 34.9 million, charting a 3.4% increase. Furthermore, surgical procedures recorded a rise of 5.5% with a total of over 15.8 million in 2023. Aesthetic operations were a significant driver of this growth, with liposuction leading as the most prevalent surgical procedure, tallying over 2.2 million operations carried out in 2023. As a result, the escalating number of surgeries is fueling the surgical drill market.
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Which Leading Companies Are Shaping the Growth of the Surgical Drill Market?
Major companies operating in the surgical drill market report are Braun Melsungen AG, Medtronic PLC, Stryker Corporation, Zimmer Biomet Holdings Inc., Altra Industrial Motion, Arthrex Inc., GPC Medical Ltd., CONMED Corporation, Bioanalytical Systems Inc., Exactech Inc., SOFEMED International, Orthopromed Medical Supplies Inc., De Soutter Medical Ltd., ClearPoint Neuro Inc., MatOrtho Limited, AlloTech Co.Ltd., MicroAire Surgical Instruments LLC, Brasseler USA, Millennium Surgical Corp., Nouvag AG, Aygun Surgical Instruments Co.Inc., Adeor medical AG, Traumec Health Technology, Shanghai Bojin Medical Instrument Co. Ltd., Cliniva Healthcare
What Are the Major Trends Shaping the Surgical Drill Market?
Companies that lead in the surgical drill industry are working on groundbreaking solutions such as electronic devices to improve surgical precision, efficacy, and usability. Electronic devices encompass digital gadgets used for processing, storing, and transmitting data, including phones, PCs, tablets, and smartwatches. A case in point, in March 2023, Stryker Corporation, a pharmaceutical firm based in the US, launched the CD NXT System. This inventive surgical drill introduces a technology that measures digital depth in real-time for surgical precision. The system has the capability of automatic depth measurement, minimizing the reliance on manual gauges, and enhancing the efficiency of various surgical procedures. The system's launch aims to simplify surgical procedures, decreasing the dependence on manual gauges, and enhancing accuracy and reproducibility based on surgeon's feedback. This innovation serves to cater to the changing needs of medical professionals while ensuring superior procedural results across different surgical applications.
What Are the Key Segments of the Surgical Drill Market?
The surgical drill market covered in this report is segmented -
1) By Product: Pneumatic Drill, Electric Drill, Battery Powered, Accessories
2) By Material: Re-Usable, Disposable
3) By Application: Orthopedic Surgeries, Dental Surgeries, Ear, Nose, And Throat (ENT) Surgeries, Neurology Surgery, Other Applications
4) By End-User: Hospitals And Clinics, Ambulatory Surgery Centers, Other End-Users
Subsegments:
1) By Pneumatic Drill: High-Speed Pneumatic Drill, Low-Speed Pneumatic Drill
2) By Electric Drill: Corded Electric Drill, Cordless Electric Drill
3) By Battery Powered: Rechargeable Battery Drills, Non-Rechargeable Battery Drills
4) By Accessories: Drill Bits, Depth Gauges, Chuck Adapters, Cleaning And Maintenance Tools
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Which Region Dominates the Surgical Drill Market?
North America was the largest region in the surgical drill market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical drill market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Surgical Drill Global Market Report?
- Market Size Analysis: Analyze the Surgical Drill Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Surgical Drill Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Surgical Drill Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Surgical Drill Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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