Press release
Rising Surgical Procedure Rates Fueling Growth In The Surgical Drill Market Driver: A Major Catalyst in the Evolution of the Surgical Drill Market in 2025
Surgical Drill Market Share
The burgeoning number of surgical procedures is anticipated to stimulate the expansion of the surgical drill market. Surgery, typically known as intervention or surgical intervention, is conducted by proficient health practitioners to diagnose, heal, or prevent various diseases or wounds. Surgical drills are employed in various surgical operations to generate exact holes or openings in bone, tissue, or stiff structures for uses like cardiovascular and gynecologic surgery and knee replacement operations. For example, in June 2024, the UK-based International Society of Aesthetic Plastic Surgery (ISAPS) reported a significant increase of 3.4% in total surgical and non-surgical procedures, reaching an estimated 34.9 million. Further, surgical operations spiked by 5.5%, exceeding 15.8 million in 2023 from the previous year. Aesthetic operations notably contributed to this upsurge, with liposuction being the foremost surgical operation, accounting for over 2.2 million procedures performed in 2023. Therefore, the growing number of surgical operations is propelling the surgical drill market. Surgical Drill Market Driver: Rising Demand for Aesthetic Surgeries Fuels Expansion in The Surgical Drill Market
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What growth opportunities are expected to drive the surgical drill market's CAGR through 2034?
The market size for surgical drills has experienced robust growth in the past years. It is projected to expand from $1.23 billion in 2024 to $1.31 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. Factors contributing to this growth during the historical period include the initial growth of the market, trends in healthcare expenditure, the introduction of cutting-edge robotics, the establishment of regulatory frameworks, and research and development in the early stages.
The market size of surgical drills is predicted to experience a significant rise in the coming years, expanding to $1.66 billion in 2029 with a 6.0% compound annual growth rate (CAGR). The anticipated growth during this period is attributed to deeper penetration into the global market, surges in healthcare expenditures, the incorporation of robotics, compliance with regulatory norms, and investment in research and development. Major trends during this forecast period include a surge in surgical procedures, an aging population, an increased demand for less invasive surgeries, improved portability and ergonomics, along with an increase in R&D funding.
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What are the emerging trends shaping the future of the surgical drill market?
Leading firms in the surgical drill market are creating unique solutions such as digital instruments that can improve the accuracy, effectiveness, and usability of surgeries. These digital gears encompass electronic devices capable of handling, retaining, and digitalizing information, like cellphones, PCs, tablets, and smart wristwatches. For example, Stryker Corporation, a pharmaceutical company based in the United States, unveiled the CD NXT System in March 2023. This revolutionary surgical drill incorporates real-time digital depth determining technology for surgical precision. The system facilitates automatic depth gauging, simplifies instrumentation and reduces the dependence on manual gauges, thus boosting the efficiency of multiple surgical procedures. The intent behind this launch is to modernize surgical operations, lessen the dependence on manual gauges, and enhance precision and repeatability using surgeon-feedback. This innovation targets to accommodate the dynamic needs of healthcare specialists while guaranteeing improved procedural results across a range of surgical utilizations.
Which growth-oriented segments of the surgical drill market are leading the industry's development?
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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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 companies are at the forefront of innovation in 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
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What Is Covered In The Surgical Drill Global Market Report?
•Market Size Forecast: Examine the surgical drill market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the surgical drill market for a structured understanding.
•Key Players Overview: Analyze major players in the surgical drill market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the surgical drill market.
•Segment Contributions: Evaluate how different segments drive overall growth in the surgical drill market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the surgical drill market.
•Industry Challenges: Identify potential risks and obstacles affecting the surgical drill market.
•Competitive Landscape: Review strategic developments in the surgical drill market, including expansions, agreements, and new product launches.
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