Surgical Drills Market Size, Share, Forecast, & Trends Analysis by Product (Instruments [Pneumatic, Electric, Battery Powered, Consumables], Type (Reusable, Disposable), Application (Orthopedic, Neurosurgery, Dental, ENT), End User - Global Forecast to 2031

The Surgical Drills Market was valued at $1.11 billion in 2023. This market is expected to reach $1.71 billion by 2031 from an estimated $1.17 billion in 2024, at a CAGR of 5.6% during the forecast period of 2024-2031.

Surgical Drills Market Size & Forecast

The growth of this market is driven by the increasing number of surgical procedures, technological advancements in surgical drills, rising incidence of accidental injuries, and rising demand for dental implantation. Furthermore, advancing healthcare infrastructure in developing countries, rising awareness for dental care, and medical tourism in emerging markets are expected to generate growth opportunities for the stakeholders in this market.

Key Findings in the Surgical Drills Market

• By Product Type: The Instruments Segment to Dominate the Surgical Drills Market in 2024
• By Type: The Reusable Segment to Dominate the Surgical Drills Market in 2024
• By Application: In 2024, the Orthopedic Surgery Segment is Expected to Dominate the Surgical Drills Market
• By End User: In 2024, the Hospitals & Clinics Segment is Expected to Account for the Largest Share of the Surgical Drills Market
• By Geography: North America to Dominate the Surgical Drills Market in 2024

Surgical Drills Market Drivers

Technological Advancements in Surgical Drills

Technological advancements have increased the demand for surgical drills over other conventional surgical instruments for surgery. Conventional drill instruments provide various challenges to doctors and surgeons for surgery such as difficulty in handling with one hand, inaccurate depth measurement, limited mobility, heavy weight, safety concerns, and error due to manual surgical drilling. Many advancements have been made in surgical drills, by adding new features such as integration of AI, robotics, additions of cameras, force sensor, and microphones. This advanced equipment ensures accurate navigation, enhances drilling ability, and avoids unwanted tissue damage. These devices are portable and doesn’t require continuous electricity and are customizable for any type of screws whether it is locking or non-locking screw. Below are some of the instances of recent developments in surgical drills:

• In August 2023, Hubly Surgical (U.S.), released the results of the first peer-reviewed study comparing the safety and efficacy of its recently FDA-cleared Hubly Surgical Cranial Access Drill with Smart Auto-Stop.
• In March 2023, Stryker Corporation (U.S.) launched an advanced surgical drill system, known as CD NXT system. This advanced surgical drill system provides real time depth measurement as the physician drills with enhanced efficiency, accuracy, and flexibility. The advanced surgical drill meets the need of modern surgical practices.

Increasing Number of Surgical Procedures

The increasing number of surgical procedures is attributed to the rising incidence of accidental injuries and increasing prevalence of chronic disease coupled with ageing populations across the globe. The orthopaedic surgery, neurosurgery, dental surgery, spinal cord surgery, and ophthalmic or ear, nose, throat surgery are the most common surgeries in the world. As per the data released by the healthcare facility based in the U.S., the Personalized Orthopaedics of the Palm Beaches, knee replacement surgery is the most performed surgery in the U.S. Every year there are about 800,000 knee replacements surgeries performed in the U.S. with a high success rate. Furthermore, according to American college of rheumatology (ACR), every year there are about 5,44,000 hip replacements and 7,90,000 total knee replacements are performed in the U.S. This number is likely to increase with the increase in the old age population.

According to the National Institute of Health (NIH), in the U.S., about 1 in 9 people have reported undergoing at least one surgical procedure in past years. The highest number of people undergoing surgeries were above age 65. Joint replacement or attaching prosthetics is one of the most performed surgeries in North America. According to American Joint Replacement Registry (AJRR), In 2022, there were over 2.8 million joints surgery in the North America. In 2023, there were 117 neurosurgery training programs authorized by Accreditation Council for Graduate Medical Education (ACGME). Surgical drills are very important in surgeries for craniotomy, skull base bone surgery, knee replacements, spinal cord replacement, and dental surgeries. Surgical drills have enabled significant advances in surgical procedures for assisting doctors and surgeons in their surgeries. According to the world health organizations (WHO), around 3.5 billion people are affected by oral disease which requires surgery for removal of tooth decay. Thus, increasing number of surgical procedures bolster the growth of the surgical drills market.

Surgical Drills Market Opportunities

Advancing Healthcare Infrastructure in Developing Countries

Advancing healthcare infrastructure in developing countries is attributed to the increasing healthcare investments by government, private funds, and third parties such as WHO. In 2024, the U.S. has funded 12.3 billion in healthcare infrastructure in 2024. Healthcare infrastructure is an important parameter for determining the economic growth of the country, as advanced healthcare can lead to financial growth. Countries such as China, India, Malaysia, Bangladesh, South Korea, Argentina, and Brazil are considered as developing countries due to growing GDP and advancement in new medical technologies. Increasing healthcare infrastructure is a key to future hospitals and clinics which helps to reduce costs, improve efficiency, increase healthcare sustainability, and improved patient care. An advanced healthcare infrastructure includes expert doctors, surgeons, nurses, advanced medical devices, and surgical instruments.

Healthcare infrastructure is important for managing chronic diseases, fatal injuries, and other healthcare crises. In October 2024, UnitedHealthcare (U.S.), donated USD 335,000 to Idaho Organizations (U.S.) for underserved communities for expanding healthcare workforce and access to care. Growing urbanization in developing countries indicates better quality treatment, low-cost healthcare, and improved healthcare services. Advancing healthcare infrastructure boosts the healthcare services, driving medical tourism in emerging countries.

Rising Awareness of Dental Care

Early dental care leads to better medications and future care. Nowadays, dental problems are increasing rapidly due to not cleaning the teeth properly, tobacco use, alcohol consumption, sugar consumption, and unwanted food residue after meal. The dental care helps to prevent dental issues such as tooth decay, gum diseases, sensitive teeth, broken teeth, root infection, and other conditions. Dental problems cause a major health issue for many countries and affect the populace throughout their entire life causing pain and discomfort. According to the World Health Organization (WHO), in 2022, about 3.5 billion people are affected by oral diseases. Untreated tooth decay is the most common issue concerning all over the world.

Dental surgeries and dental filling are increasing rapidly due to growing awareness for dental surgery, new replacement aesthetics, technological advancements in dental instruments, new dental product launches, and increasing dental practitioners. Rising awareness of dental aesthetics is rapidly increasing due to increasing social media usage all over the world. People are undergoing surgery for veneer placements, orthodontic treatment, and orthognathic surgery.

Surgical drills provide various advantages to dental practitioners in dental surgery and in replacing teeth with dental aesthetics such as ease in handling, high precision, and easy application, which can reduce the risk of complications and improve patient outcomes. Thus, rising awareness of dental care is driving the growth of the surgical drills market.

Surgical Drills Market Analysis: Top Market Opportunity

In 2024, the Instruments Segment is Expected to Dominate the Surgical Drills Market

Based on product type, the surgical drills market is segmented into instruments and accessories & consumables. In 2024, the instruments segment is estimated to account for the largest share of the surgical drills market. The instruments segment is further classified as pneumatic drills, electricity drills, and battery powered drills. The large share of this segment is attributed to the rising adoption of surgical drill instruments, technological advancements in drilling technology, increasing number of surgeries, growing demand for dental implantations, and medical tourism in emerging markets.

Geographical Analysis

North America to Dominate the Surgical Drills Market in 2024

In 2024, North America is expected to account for the largest share of the surgical drills market. The large share of North America in the surgical drills market is primarily attributed to the presence of leading surgical drills manufacturers in the region, growing exports for surgical devices, and expansion of healthcare industries. Additionally, the increasing number of surgical procedures to meet the need of rising incidence of accidental injuries and increasing prevalence of chronic diseases also contributes to the largest market share of the region.

However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The highest growth of this regional market is attributed to factors like new technological advancements in surgical drills, increasing healthcare expenditures, rising healthcare investments by government and other third parties, growing medical tourism, and emerging economies such as China, & India. Furthermore, the growing awareness of advanced surgical treatments and development of new advanced surgical drills are also accelerating the market growth.

Key Companies

The report includes a competitive landscape based on an extensive assessment of the key strategic developments adopted by market participants over the past three years (2021-2024).

The key players profiled in the surgical drills market report are Medtronic plc (Ireland), Stryker Corporation (U.S.), Johnson & Johnson Services, Inc. (U.S.), Zimmer Biomet (U.S.), B. Braun Melsungen AG (Germany), Allotech Co., Ltd (South Korea), Arthrex, Inc. (U.S.), Apothecaries Sundries Mfg. Private Limited. (India), CONMED Corporation. (U.S.), 3M Company (U.S.), MicroAire Surgical Instruments LLC (U.S.), adeor medical AG. (Germany), Brasseler USA (U.S.), and Joimax GmbH (Germany)

Surgical Drills Industry Overview: Latest Developments from Key Industry Players

• In January 2024, Myron Meditech (INDIA), launched a new website related to orthopaedic bone drills. This website offers brief information about their bone drill technology, orthopedic surgery instruments, veterinary orthopedic drill, and mini oscillating saw. This launch indicates firms’ innovations and customer relations.
• In March 2023, Stryker launched CD NXT System, the latest innovation in the company’s power tools. This patented technology provides real-time depth measurement as the surgeon drills, allowing for fast, accurate, consistent digital depth measurement across various procedures.
• In June 2021, German-based joimax globally launched its new generation Shrill, the Shaver Drill System. Developed for the removal of soft tissue and bone, the joimax Shrill system is also highly effective in treating stenosis, a degenerative spine condition.

Surgical Drills Market Research Summary

Key questions answered in the report: