The global surgical drills market is estimated to be valued at US$ 604.7 million in 2023 and is expected to exhibit a CAGR of 7.91% during the forecast period (2023-2030). For instance, increasing prevalence of musculoskeletal conditions is expected to drive the market growth over the forecast period. For instance, in July 2022, a data was provided by the World Health Organization, according to which approximately 1.71 billion people have musculoskeletal conditions worldwide including low back pain, neck pain, fractures, other injuries, osteoarthritis, amputation and rheumatoid arthritis.
Analysts’ Views on Global Surgical Drills Market:
The surgical drills market growth can be driven by the increasing approval of surgical drills and advanced navigation systems for surgeries by the regulatory authorities is expected to drive the market growth over the forecast. For instance, in June 2020, X-NAV Technologies, LLC, medical technology company, announced that it has received the approval from U.S. Food & Drug Administration for X-Mark, a new virtual patient registration technology that advances navigated dental implant surgery. The X-Guide Dynamic 3-D Navigation system from X-Mark had been improved to enable dentists to provide more people in need of new teeth with more precise dental implant treatments.
Figure 1. Global Surgical Drills Market Share (%), by End User, 2023
Global Surgical Drills Market - Driver
Rising number of surgerical procedures
The constantly rising number of surgeries owing to the increasing prevalence of chronic disorders and increasing nervous system surgeries due to road accidents, trauma, and sports injuries is expected to drive the market over the forecast period. For instance, in September 2021, according to the data published by the World Health Organization, around 1.2 million nervous system surgeries took place globally in the year 2020 – 2021. Furthermore, according to the data published by the World Health Organization, 289,000 Nose, mouth, and pharynx surgeries were performed in the year 2020.
Moreover, according to the data published by the National Center for Biotechnology Information, in September 2020, 310 million major surgeries were performed in the U.S. in the year 2019.
|Base Year:||2022||Market Size in 2023:||US$ 604.7 Mn|
|Historical Data for:||2017 to 2021||Forecast Period:||2023 to 2030|
|Forecast Period 2023 to 2030 CAGR:||7.91%||2030 Value Projection:||US$ 1,030.1 Mn|
B. Braun SE, Stryker Corporation, Adeor Medical Ag, Medtronic, Allotech Co. Ltd., Arthrex Inc., Brasseler USA, ClearPoint Neuro, Inc., ConMed Corporation, De Soutter Medical Ltd., GPC Medical Ltd., Johnson & Johnson, Joimax Inc., Marver Med, MicroAire Surgical Instruments, LLC., Sofemed, Zimmer Biomet Holdings, Inc., and Manman Manufacturing Company Private Limited
|Restraints & Challenges:||
Rapidly rising geriatric population leads to the growth in number of patients with orthopedic disorders
Increasing geriatric population leads to the growth in the number of patients with orthopedic disorders, leading to a rise in the number of surgeries such as arthroscopy, and joint replacement organ transplants among elderly patients. These factors are augmented to drive the global surgical drills market over the forecast period. For instance, in June 2022, according to the data published by the World Health Organization, there were 1 billion people 60 and older in the world in 2019. This geriatric population will increase to 1.4 billion by 2030 and 2.1 billion by 2050. This growth is taking place at an unprecedented rate and will pick up speed in the upcoming decades, especially in developing nations. Furthermore, according to the same source, 1 in 6 people in the world will be aged 60 years or over by the year 2030.
Moreover, according to the data published by the United States Census Bureau, in June 2022, among Asian subregions, by 2060, 33.7% of the population of Eastern Asia, a subregion of Asia, is expected to be 65 or older. In contrast, it is anticipated that the share of older persons in Western Asia (17.9%) and Southern Asia (18.6%) will be the lowest.
Figure 2. Global Surgical Drills Market Share (%), by Region, 2023
Global Surgical Drills Market- Regional Analysis
Among all regions, North America is expected to dominate the market over the forecast period. This is attributed due to North America holding a 37.5% market share in the year 2023 and increasing research and development activities for studying the efficiency of the surgical drills and launching surgical drills with new features. For instance, in September 2022, Medical University of South Carolina, a medical university based in the U.S. initiated a clinical trial for studying the features of the Microtable Microstereotactic Frame and Drill Press and associated method for cochlear implantation which consists of a patient-customized micro stereotactic frame which targets the cochlea in the inner part of the ear.
Moreover, Europe medical micro-surgical drills market is expected to witness significant growth over the forecast period, owing to the presence of various research institutes that are engaged in conducting research studies to develop microsurgical drilling tools. For instance, in January 2020, according to the National Center for Biotechnology Information, a researcher at Aston University, Birmingham U.K., is engaged in conducting a research study to develop a series of micro-drilling devices (robotic medical-drill), to achieve consistent and precise results. The system is being developed specifically to conduct precise cochleostomies.
Global Surgical Drills Market – Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization declared it a public health emergency on January 30, 2020.
COVID-19 can affect the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, are facing problems with regard to the transportation of drugs from one place to another.
However, the COVID-19 pandemic had a negative impact on the global surgical drills market due to the decrease in the number of non-essential surgical procedures during COVID – 19 pandemic. For instance, in October 2020, according to the data published by the National Center for Biotechnology Information, it was estimated that 28,404,603 surgical operations were postponed and some of them were cancelled during the peak 12 weeks of disruption due to COVID-19.
Furthermore, according to the data published by BioMed Central Ltd, research organization in the first year of the pandemic (in the year 2020) the number of patients in general and visceral surgery decreased by 22.7%. The emergency surgical procedures decreased by 6.0% and a decrease of 14.8% was observed for elective procedures, at the procedure level.
Global Surgical Drills Market Segmentation:
The global surgical drills market report is segmented into product type, application, and end user
Based on Product Type, the market is segmented into instruments (pneumatic drills, battery-powered drills, electric drills, and others), and accessories. Out of these, instruments is expected to dominate the surgical drills market during the forecast period and this is attributed to market players focused on launching a new product in the market. For instance, in November 2020, NuVasive, Inc., a company that manufactures medical devices, announced the launch of the NuVasive Tube System (NTS) and Excavation Micro, a new minimally invasive surgery (MIS) system. The newly launched NuVasive Tube System (NTS) and Excavation Micro provide comprehensive solutions for both Transforaminal Lumbar Interbody Fusion (TLIF) and decompression.
Based on Application, the market is segmented into dental surgery, orthopedic surgery, neurosurgery, ear nose throat surgery, and others (spin surgery, cranial surgery, etc.). Out of which, the orthopedic surgery segment is expected to dominate the market over the forecast period and this is attributed due to increasing research and development activities and commercialization of the surgical drills systems for orthopedic use. For instance, in September 2022, Surgalign Holdings, Inc., a medical technology company, announced the technological advancement in the commercialization of its HOLO Portal surgical guidance system. The company announced that Jaideep Chunduri, MD, an orthopaedic and spinal surgeon with board certification at Beacon Orthopedics & Sports Medicine in Cincinnati, medical university, Ohio, had completed the first surgical case using the HOLO Portal surgical guiding system.
Based on End User, the market is segmented into hospitals, orthopedic centers, specialty clinics, ambulatory surgical centers, and others (research and academic institutes, etc.). Out of which, the hospitals segment is expected to dominate the market over the forecast period and this is attributed due to the prevalence of orthopedic disorders and dysfunctions. For instance, in September 2022, according to the data published by the National Center for Biotechnology Information, during the period from 2017 to 2022, around 15,522 cartilage restoration procedures were reported by surgeons in the U.S. This increasing articular cartilage injuries is leading to increasing number of articular cartilage restoration procedures, which include microfracture, drilling, abrasion arthroplasty, and other procedures.
Among all segmentation, product type segment has the highest potential due to increasing approval of the surgical drill systems by the regulatory authorities. For instance, in January 2022, Surgalign Holdings, Inc., a medical technology company, announced the approval of the HOLO Portal surgical guidance system within lumbar spine procedures by the U.S. Food & Drug Administration.
Global Surgical Drills Market Cross Sectional Analysis:
In product type segment, instruments is expected to be a dominant segment in North America due to the increasing launch of surgical drill equipment by the key players in North America. For instance, in September 2022, Surgalign Holdings, Inc., medical technology company, announced the launch of the TiPlus technology, which is used for anterior lumbar interbody fusion (ALIF) procedures.
In application segment, orthopedic segment is dominant in hospitals due to increasing hospital admissions and visits for the orthopedic surgical procedures. For instance, in December 2022, according to the data published by the National Center for Biotechnology Information, it was estimated that 30.8 million patients visited the hospital for unintentional orthopedic injuries globally in the year 2022. Furthermore, in December 2022, according to the Centers for Disease Control and Prevention, it was estimated that from the period of the year 2021-2022, 15,860 patients were admitted to the hospital for partial shoulder replacement in Europe.
Global Surgical Drills Market: Key Developments
In May 2022, Adeor medical AG, a medical device company, announced the launch of the Velocity Alpha electric high speed drill, with unique surgical features. The newly launched Velocity Alpha electric high speed drill has the easiest setup and handling, which is convenient for the operating room staff.
In June 2021, Joimax Inc., a medical technology company, announced the launch of the new generation Shrill, the Shaver Drill System which was developed for the removal of soft tissue and bone. The newly launched new generation Shrill is claimed to be effective in treating stenosis, a degenerative spine condition.
In May 2023, Stryker, a pharmaceutical and medical device company, announced the launch of the CD NXT System a power medical drill tool. CD NXT features include automatic cortex-to-cortex measurement and digital readout, one-step drilling and measurement, and compatibility with all legacy cordless driver attachments.
In March 2020, Texas Tech University Health Sciences Center, medical research institute, initiated a clinical trial to measure the effect of stroboscopic visual training in a high school softball season in comparison to controls. Athletes in the control group will go through normal practice drills for hitting and fielding. The Texas Tech University Health Sciences Center, medical research institutes also carried out a randomized clinical trial of epiphysiodesis techniques: percutaneous transphyseal screw epiphysiodesis versus percutaneous drill epiphysiodesis for the correction of leg length discrepancy.
Global Surgical Drills Market: Restraint
Insufficient quality assurance and the presence of the alternative non-invasive technique for the orthopedic and neurosurgery treatment
The major factors that hinder the growth of the global surgical drills market include insufficient quality assurance and the presence of alternative non-invasive techniques for the orthopedic and neurosurgery treatment. For instance, in January 2020, according to a study conducted by the National Patient Safety Agency (NPSA) in Europe, the surgical drills constituted the largest (37%) group of broken and poor-quality instruments. The incidence of broken and poor quality instruments can be reduced by the quality assurance tests performed and by evaluation of the surgical drills machines before performing surgical procedures.
Furthermore, the availability of alternative non-invasive techniques such as physical therapy, aquatic therapy, spinal braces, massage therapy, and acupuncture among others can cure orthopedics-related disorders or neurodegenerative disorders without much harm at a comparatively lower cost than surgeries. Hence, the availability of non-invasive techniques is expected to hamper the global surgical drills market over the forecast period.
Major players operating in the global surgical drills market include B. Braun SE, Stryker Corporation, Adeor Medical Ag, Medtronic, Allotech Co. Ltd., Arthrex Inc., Brasseler USA, ClearPoint Neuro, Inc., ConMed Corporation, De Soutter Medical Ltd., GPC Medical Ltd., Johnson & Johnson, Joimax Inc., Marver Med, MicroAire Surgical Instruments, LLC., Sofemed, Zimmer Biomet Holdings, Inc., and Manman Manufacturing Company Private Limited among others.
Definition: A surgical drill is an instrument used to bore holes in bone for the attachment of surgical pins, plates, or screws or to remove decay and reshape teeth in preparation for a filling.
A surgical drill is medical equipment used for surgery purposes, it is used for the removal of the skull base bone revealing the underlying neurovascular pathways and reducing the need for extensive brain retraction. Surgical drills are also used to enable bony decompression and instrumentation in spine surgery. Drills can be powered by air or electricity. Both the hand and the foot can operate the turn-on switch. The first burr holes for cranial cases are made with an acorn drill bit or a perforator. While utilizing a perforator, continuous irrigation should be employed to prevent bone dust from clogging the drill bit and perhaps compromise the built-in automatic stopping mechanism once the inner cortical bone has been penetrated. Surgical drills are manufactured using surgical grade stainless steel (316L), although an alloy of titanium (Ti6Al4V) is also used according to the design and purpose of the surgical drills. Power drills used in orthopedic surgery can be categorized into three types: Electrical, Pneumatic, and Battery. The surgeon prefers using highly modified surgical drills, which can considerably reduce the total operation theatre time. There are mainly three types of surgical drills pneumatic drills, battery-powered drills, and electric drills. The surgical drill accessories are also the main part of the surgical drills which facilitates the surgery of the bones in different parts- spinal cord, foot, ankles, etc. During orthopedic surgery, surgical drill bits are used to create holes in the bone so that bone plates can be fixed with screws. It is possible to drill holes directly into bone without using a plate to place screws directly into the bone.
Increasing funding for educating healthcare professionals about handling the different types of surgical drills and their accessories is expected to drive the global surgical drills market over the forecast period. For instance, in March 2022, Osso VR, a validated virtual reality (VR) surgical training and assessment platform announced that it has secured US$ 66 million in funding from the SignalFire, an investment service; Tiger Global Management, an investment management company, and Kaiser Permanente Ventures, investors in healthcare firms. The funding is used to accelerate Osso VR's initiative to broaden access to surgical education for all healthcare professionals to access the surgical drills and continue the investment in hiring healthcare professionals to bring high-fidelity surgical training experiences to additional specialty areas.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.
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