Analysis by Type (Reusable, and Disposable); by Product {Instruments (Pneumatic Drills, Electric Drills, and Battery Drills), and Accessories}; by Application (Dental, Orthopedic, ENT, Neurology, and Others); and by End User (Hospitals, and Specialty Clinics) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
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The global surgical drill market is estimated to garner a revenue of USD 2 billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 1 billion in the year 2022. The growth of the market can be attributed to the rising cases of brain tumors and nervous system cancer, giving rise to the number of neurovascular surgeries worldwide. In Europe, out of 11,000 cases of brain tumors, over half of them are malignant. In 2022, nearly 25,000 cases of brain and nervous system cancer have been reported. Brain tumors can be caused in any age group people. It is the tenth leading cause of death in males and females. The rising instance of brain tumors can be from high exposure to radiation, air pollution inhalation of carcinogens, over-diagnosis, or increasing age. Brain tumors can be cured through the procedure of biopsy or craniotomy. Craniotomy is a surgical operation that involves cutting a hole into the skull of a human. Most of the brain tumors are removed with this type of surgery. Furthermore, in this procedure, the head is shaved and a part of the skull is removed to dissect the tumor. The surgical drill is used to make a hole in the skull in this procedure. Thus, the growth of the global surgical drill market increases with increasing cases of brain tumors.
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Surgical drills are used to expose underlying neurovascular structures and decrease the need for significant brain retraction. These devices also facilitate bony decompression and instrumentation in spine surgery. The rising geriatric population suffering from musculoskeletal diseases and growing instances of accidents are boosting the growth of the global surgical drill market. It is reported that over 180 million new bone fractures occurred in 2019 across the world. Accidents are one of the major reasons for bone fractures or injuries that includes road accidents, occupational incidents, slip or slide accidents, sports injuries, and many more which can lead to bone fractures. Any part of the body including legs, hands, backbone, and facial bones can be injured in such types of accidents. In minor cases, a simple plaster cast, splints, or braces can help the injury to cure. On the other hand, for the severe fractures, surgical procedures are required to insert rods or plates to support the broken bone pieces which need a perforation in the bones. Surgical drills are used to make such perforations to insert rods in the bone which are removed after the recovery of an injury.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 1 Billion |
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Forecast Year Market Size (2033) |
~ USD 2 Billion |
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Regional Scope |
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Growth Drivers
Growing Neurological Ailments Among People with Genetic Issues and Non-Nutrient Diet – and the rising cases of brain injury and disorder lead to surgical treatment. The rising number of injuries is expected to boost the surgical drill market in the forecasted period. Around 69 million people experience a traumatic brain injury each year worldwide.
Increases in Instances of Chronic Disease with Increasing Aging Population – As per the Centers for Disease Control and Prevention (CDC), every year 7 out of 10 people die of chronic disease in the U.S.
Rise in Surgical Procedures with Early Diagnosis of Diseases – According to the estimations, every year about 3700 surgeries are performed in India.
Higher Number of People with Dental Problems Owing to Unhealthy Habits – The dental equipment is used for removing decayed teeth or reshaping the teeth, and it is predicted to drive the market’s growth. Worldwide around 520 million children suffer from primary tooth decay, and 2 billion people tolerate the loss of permanent teeth, according to the World Health Organization.
Surging Incidents of Accidents and Injury with Growing Traffic and Use of Vehicles - according to Injury Facts from the National Safety Council, physical response and overexertion caused almost 0.2 million workplace injuries in 2020 in the United States, whereas vehicle crashes claim the lives of almost 3,700 individuals per day.
Challenges
The global surgical drill market is segmented and analyzed for demand and supply by application into dental, orthopedic, ENT, neurology, and others. Out of all, the orthopedic segment is expected to hold the largest market size on the account of rising cases of muscle and bone injury, as well as rising spine injuries amongst the populace. Besides, injuries, there are many disorders of bone such as arthritis, bursitis, tumors, osteoporosis, and pain in the neck, back, hand, wrist, knee, hip, spine, joint, shoulder, arm, and legs. The cause of these disorders can be growing age, repetitive motion of a body part, trauma, or wear and tear during any work. All these issues are related to the musculoskeletal system that comes under orthopedic conditions for that orthopedic surgery are recommended by the doctors that are done through surgical drill. There were 178 million new fractures recorded globally in 2019. Moreover, according to the National Library of Medicine, 33 million skeletal injuries occur in the United States each year, of which 50% are tendon and ligament injuries.
The global surgical drill market is also segmented and analyzed for demand and supply by end-user in hospitals and specialty clinics. Amongst these two segments, the hospital segment is expected to garner a significant share. Hospitals are the first priority for any emergency injuries as they constitute many multispecialty doctors. Severe injuries need the opinion of various doctors before operating on a patient as all parts are interlinked with each other and attached nerves. Hospitals will have all kinds of doctors available at the time which increases the preference of people at the time of emergency situations. All the increasing advancements in the hospital infrastructure to improve patient care and rising facilities for surgical procedures in turn drive the growth of the hospital segment. The number of medical surgical intensive care beds in community hospitals in the U.S. in 2022 was 59,ooo as per the estimations. Further, the rising need for medical services made a significant change in government policies and reimbursements which include surgical procedures.
Our in-depth analysis of the global surgical drill market includes the following segments:
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By Type |
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By Product |
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By Application |
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By End User |
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The North American surgical drill market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. Rising cases of dental issues, brain tumors as well as many other brain-related problems are expected to boost the market in the region. Around 750,000 Americans were diagnosed with an initial brain tumor in 2022. Additionally, more than 64,000 deaths in the US in 2020 were attributable to brain injuries. Many Americans are getting aware related to the dental issues, and the related treatment that is anticipated to surge the market’s growth in the region. Moreover, the eating of more chocolates, drinking fluoride water, chewing tobacco, smoking, and alcohol consumption can lead to many health issues that is further projected to boost the growth of the market in the North America region. It is estimated that more than 2 in 100 people aged above 18 years consume smokeless tobacco products to chew which is 5.7 million adults in the U.S. according to the data from CDC in 2020.
Arthrex Inc.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Higher cases of chronic problems, neurological disorder & dental issues, growing surgery treatment and rising unfortunate cases of accidents are the few factors likely to boost the market growth.
Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.
Ans: Risk of getting contaminated by non-sanitized surgical drills and rising demand of minimal invasion procedures are the few factors is to impede the market growth.
Ans: The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are AlloTech Co., Ltd., Zimmer Biomet, Stryker, DePuy Synthes, B. Braun SE, ConMed Corporation, MicroAire Surgical Instruments, LLC., Arthrex Inc., Medtronic, ClearPoint Neuro, Inc. and so on…..
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by product, type, application, end user, and by region.
Ans: The orthopedic segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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