Surgical Drills Market Size To Reach $1.83 Billion By 2030

Surgical Drills Market Growth & Trends

The global surgical drills market size is expected to reach USD 1.83 billion by 2030, registering a CAGR of 5.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is experiencing robust growth, fueled by significant investments from leading companies into developing advanced technologies. For instance, in February 2023, Genome British Columbia (Genome BC) has allocated an investment of USD 1.13 million to Arbutus Medical Inc., a company based in British Columbia that specializes in the development of innovative surgical drill technology and procedure kits. This financial support is aimed at advancing Arbutus Medical’s TrakPak, which is a thorough, single-use kit designed for skeletal traction. TrakPak is intended to optimize hospital operations, lower expenses, and improve the quality of patient care.

Innovations in surgical drills, such as enhanced precision, ergonomics, and smart features, are transforming surgical procedures and driving market expansion. Companies are focusing on integrating cutting-edge technologies, including robotic-assisted systems and computer-aided navigation, to improve surgical accuracy and outcomes. Battery-powered drills and cordless models are becoming increasingly popular due to their convenience and efficiency, reducing operational downtime and enhancing mobility during surgeries.

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Surgical Drills Market Report Highlights

• Based on product, the instruments segment accounted for the largest revenue share of 62.2% in 2023 and is expected to grow at the fastest CAGR of 5.6% from 2024 to 2030, due to the wide range of uses and benefits provided by (Electric Drill, Battery Powered Drill, Pneumatic Drill) these types of drills.

• Based on application, the orthopedic surgeries segment accounted for the largest revenue share of 43.2% in 2023 driven by the high prevalence of musculoskeletal disorders and increased demand for orthopedic procedures.

• The dental surgeries segment is expected to grow at the fastest CAGR of 5.6% from 2024 to 2030. This rapid expansion is driven by increasing demand for precision and minimally invasive dental procedures.

• Based on end use, the hospitals & clinics segment accounted for the largest revenue share of 49.1% in 2023 and is expected to grow at the fastest CAGR of 6.0% from 2024 to 2030, owing to the high volume of surgical procedures performed in these settings and the availability of advanced medical equipment. This dominance is driven by the growing demand for surgical interventions and the continuous advancements in healthcare infrastructure.

• In 2023, North America dominated with a share of 36.9% due to its advanced healthcare infrastructure and high adoption rate of innovative medical technologies. The region's significant investment in healthcare and the prevalence of orthopedic and dental surgeries further bolster its market leadership and Asia Pacific is expected to grow at a fastest CAGR of 6.5% during the forecast period.

Surgical Drills Market Segmentation

Grand View Research has segmented the global surgical drills market based on product, application, end use and region:

Surgical Drills Product Outlook (Revenue, USD Million, 2018 - 2030)

• Instrument

  • Pneumatic Drill

  • Electric Drill

  • Battery Powered Drill

• Accessories

Surgical Drills Application Outlook (Revenue, USD Million, 2018 - 2030)

• Orthopedic Surgeries

• Dental Surgeries

• ENT Surgeries

• Others

Surgical Drills End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals & Clinics

• Ambulatory Surgical Centers

• Others

Surgical Drills Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Norway

  • Sweden

  • Denmark

• Asia Pacific

  • Japan

  • China

  • India

  • Thailand

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

  • UAE

  • Kuwait

List of Key Players in the Surgical Drills Market

• Arthrex, Inc. 

• B. Braun SE

• Medtronic

• Johnson & Johnson Services, Inc.

• Stryker

• Apothecaries Sundries Manufacturing Co.

• ConMed Corporation

• 3M

• MicroAire

• Zimmer Biomet