Surgical Drill Market, Global Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

Surgical Drill Market Outlook

Global Surgical Drill Market will reach US$ 872.92 Million at a CAGR of 5.26% by 2027, according to Renub Research. A surgical drill is a tool used to bore holes inborn to attach surgical pins, plates, and screws or remove skull base bones and reshape teeth in preparation for a fall. It is usually built from carbon steel, stainless steel, aluminum, or titanium. It is available in different dimensions in anything from dental to neurological surgeries, which can be used multiple times after sterilization. Surgical drills are used to boost the skull flap, to make holes in the bone so that bone plates can be stable with screws, and eliminate the skull base bones. 

Surgical Drill Market

Medtronic

In Feb 2021, Medtronic announced a success minimally invasive spinal approaches the usage of navigated disc prep, interbodies, and Midas Rex drills with the Mazor Robotic Guidance System. These surgical procedures mark a vast step in remodeling spine surgical treatment with accelerated precision and minimally invasive techniques.

Smith & Nephew Plc

Smith+Nephew launched its Real Intelligence suite of era solutions, which include the CORI Surgical System, in India in July 2021.

Smith and Nephew released CORI handheld robotics in November 2021. The device is used for total and partial knee arthroplasties. It includes a 3D intra-operative imaging device and an advanced robotic sculpting device, which allows surgeons to customize knee surgical operation to the affected person's anatomy.

Johnson & Johnson

Johnson & Johnson obtained Abiomed for USD16.6 billion in Dec 2022. Abiomed now operates as a standalone business within J&J's MedTech section.

Johnson & Johnson planned to publish its standard surgical procedure robot to the FDA in 2024, with scientific trials within the U.S. To follow if approved.

In Oct 2023, Johnson & Johnson MedTech introduced that DePuy Synthes secured 510 clearances from the FDA for TriALTIS™ Spine System and TriALTIS™ Navigation Enabled Instruments.

B. BarunMelsungen

B. Braun Medical released new CARESAFE IV Administration Sets in September 2021. These sets are PVC—and DEHP-free, imparting environmental safety and protective sufferers from the associated health dangers.

Stryker

Stryker released its CD NXT System in March 2023. This technology gives actual-time depth measurement at some point of surgery, imparting fast, correct, and constant virtual intensity dimension across various tactics.

Stryker released a suture anchor device called Citrefix in Dec 2022 for foot and ankle surgical procedures. The system uses Citregen, a bioresorbable fabric designed to imitate native bone.

Zimmer Biomet

Feb 2024, Zimmer Biomet Holdings, Inc. Is showcasing its trendy product innovations in San Francisco. Among them is the ViVi Surgical Helmet System, which gives clear visibility and maintains clinicians cool and comfortable during surgical methods. It is also the quietest and most light-weight surgical helmet available, illuminated through an effective a hundred,000 Lux LED light.

In July 2021, Zimmer Biomet's X Series Power System was a versatile surgical orthopedic system designed for various approaches, such as hip, knee, top and lower extremity trauma, shoulder, and spine. Its light-weight, modular, and ergonomic layout makes it a valuable tool in any surgical placing.

In Oct 2017, Zimmer Biomet Holdings, Inc formally released its Vitality and Vital Spinal Fixation Systems within the United States.

Altra Industrial Motion Corp

In March 2023, Regal Rexnord Corporation acquired Altra Industrial Motion Corp.

Altra Industrial Motion Co., Ltd. launched the AO LI XI 4G series of thin brakes in November 2021. The brakes are designed to be thin and lightweight, making them perfect for motor and robot applications with limited space and weight requirements. This dual-voltage brake is an excellent fit for Cobots, electric grippers, AGVs, and similar applications.

Worldwide Surgical Drill Market was US$ 675.68 Million in 2022

The drill device can be manual or electric. According to NHTSA, an estimated 42,915 people died in motor vehicle traffic crashes in 2021 from the 38,824 fatalities in 2020. Such as the increase in the occurrence of road accidents, rise in healthcare expenditures, technological progression, demand for dental plates, rises in prevalence from the dental industry, and a hike in the number of surgical operations is expected to reach the growth of the surgical drill market. 

In the year 2022, according to World Health Organization (WHO), globally, it is estimated that 2 billion people suffer from caries of permanent teeth and 514 million children suffer from caries of primary teeth. However, this industry has few restraining factors such as insufficient quality control, high cost of surgery, variable raw material supply, and lack of advanced surgical instrument facilities. 

Accessories will Capture Highest Market Share in the Forecast Period

Based on product type, the global surgical drill market is classified into pneumatic, electric, battery-powered, and accessories. The accessories hold the largest market share during the forecast period due to the development of surgical drills. In addition, the increasing popularity of dental disorders worldwide is a major factor driving the growth of the market.

Orthopedic Surgery will drive the Surgical Drill Industry the in Upcoming Years

By application, the application market has been divided into orthopedic Surgery, dental Surgery, ENT surgery, Neurology surgery, and others. Orthopedic Surgery dominates the largest market revenue in the accounting period due to increasing old age populations, and relevance-borne diseases have driven the growth of this segment. 

Hospital Segment will lead the End-user Market

Based on the End User, The Global Surgical drill market is bifurcated into hospitals, ambulatory care, and others. The hospitals hold the maximum market revenue due to high-quality infrastructure facilities, advanced technology enhancement, better healthcare services, and an increasing number of operating methods, which are significant factors that boost this segment.

North America will lead the Global Surgical Drills Industry

In terms of region Global Surgical drill market has been segmented into five categories: North America, Europe, Asia Pacific, Latin America, and Middle East &Africa. North America's has largest market share due to improvements in the healthcare industry, R&D investment in the healthcare sector, expanding technology enhancements, changing lifestyle, and rising number of surgical procedures drive the demand for surgical drill market. 

Key Market Players

Key players in the Global Surgical Drill market include Medtronic, Smith & Nephew Plc., Johnson & Johnson, B. BarunMelsungen, Stryker, Zimmer Biomet, Conmend Corporation, and Altra Industrial Motion Corp.

• In 2022, Zimmer Biomet Holding announced a first-of-its-kind agreement with HSS for an innovation center for Artificial Intelligence in Robotic Joint Replacement. Through collaboration, ZB and HSS aim to develop new decision-helping instruments, etc.
• In Dec 2022, Medtronic declared that the U.S. Food and Drug Administration (FDA) had dismissed the use of navigated interbrain high-speed drills with the Robotic Guidance system.

Renub Research new report titled "Global Surgical Drill Market by Product Types (Pneumatic drills, Electric drills, Battery powered and Accessories), Application (Orthopedic surgery, Dental surgery, ENT surgery, Neurology surgery and others.) End User (Hospitals, Ambulatory care and Others) Regions (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) Company (Medtronic, Smith & Nephew plc., Johnson & Johnson, B. BaruMelsungen, Stryker, Zimmer Biomet, Conmend Corporation, and AltraIndustrial Motion Corp)” provides a complete analysis of Surgical Drill Industry Worldwide.

Product – Market breakup from 4 viewpoints

1.    Pneumatic drill
2.    Electric drill
3.    Battery powered 
4.    Accessories

Application – Market breakup from 5 viewpoints

1.    Orthopedic surgery
2.    Dental surgery
3.    ENT surgery
4.    Neurology surgery
5.    Others

End User – Market breakup from 3 viewpoints

1.    Hospital
2.    Ambulatory Care
3.    Others

Region – Market breakup from 5 viewpoints

1.    North America
2.    Europe
3.    Asia-Pacific
4.    Latin America
5.    Middle East & Africa

Key Players:– All key players have been covered from 3 points such as

•    Overview
•    Recent Developments
•    Financial Insights

Company Analysis

1.    Medtronic
2.    Smith &Nephew plc
3.    Johnson & Johnson
4.    B. BaruMelsungen
5.    Stryker
6.    Zimmer Biomet
7.    Conmed Corporation
8.    Altra Industrial Motion corp.

Report Details: