The global high-speed surgical market size was valued at USD 564 million in 2020 and is anticipated to reach USD 811.1 million by 2030, expanding at a CAGR of 3.7% during the forecast period, 2021–2028. Growth of the market is attributed to easy access to healthcare facilities, growth of surgical procedures, and expanding expenditure on health care globally.
High-speed surgical drill generally refers to a drill-bit or a driver-bit and is equipped with cutting tool, utilized along with fasteners for boring holes and fastening during surgeries. The surgical drills are used in dental, neurology, plastic surgery, orthopaedic, and other applications.
Surgical procedures are increasing in both developed and developing countries, owing to rising accidents and injuries. Dental and orthopedic surgeries are increasing, due to mandatory surgeries of dental disorders and chronic diseases. These factors are estimated to propel the market.
According to World Health Organisation (WHO), the Covid-19 pandemic affected the demand and supply of the high-speed surgical drill market. Lockdowns across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
The report on the global high-speed surgical drill market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
High-speed Surgical Drill Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Category (Pneumatic High-Speed Surgical Drill and Electric High-Speed Surgical Drill) and Applications (Dentistry, Orthopaedics, Neurosurgery, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Johnson & Johnson, Medtronic, Brasseler, Conmed, Adeor, Nouvag, Stryker, Aesculap, Aygun, DeSoutter Medical, and Smith & Nephew |
The electric high-speed surgical drill segment is expected to expand at a high CAGR
Based on category, the global high-speed surgical drill market is bifurcated into pneumatic high-speed surgical drill and electric high-speed surgical drill. The electric high-speed surgical drill segment held more than 50% share of the total revenue. The pneumatic high-speed surgical drill segment is anticipated to expand at a rapid pace during the forecast period. Factors such as rising adoption of pneumatic high-speed surgical drills by several end-users to perform orthopedic and neurosurgeries are expected to propel the market during the forecast period.
The orthopedic segment is estimated to hold a major market share
On the basis of applications, the global high-speed surgical drill market is segregated into dentistry, orthopaedics, and neurosurgery. The orthopedic segment held more than 40% of the market share in 2020. Growth of the orthopedic segment is attributed to increasing instances of bone diseases, especially among the geriatric population.
The market in North America is attributed to expand at a robust CAGR
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America holds the maximum share of the high-speed surgical drill market in terms of revenue, demand, and consumption. Growth of the market is attributed to rising demand for intrusive surgeries and reimbursement strategy in the region. The market in Europe is anticipated to expand at a rapid rate during the forecast period, owing to growing investment in the healthcare sector.
The global high-speed surgical drill market has been segmented on the basis of:-
CategoryKey players in the global high-speed surgical drill market include Johnson & Johnson, Medtronic, Brasseler, Aesculap, Conmed, Adeor, Nouvag, Stryker, Aygun, DeSoutter Medical, and Smith & Nephew.
In 2018, Medtronic acquired Mazor Robotics, a prime innovator of the spine surgery. This helped the company to gain a competitive advantage. In 2019, Medtronic acquired AV Medical, a company that constructs interventions on catheters.
The global high-speed surgical drill market has been segmented on the basis of:-
CategoryKey players in the global high-speed surgical drill market include Johnson & Johnson, Medtronic, Brasseler, Aesculap, Conmed, Adeor, Nouvag, Stryker, Aygun, DeSoutter Medical, and Smith & Nephew.
In 2018, Medtronic acquired Mazor Robotics, a prime innovator of the spine surgery. This helped the company to gain a competitive advantage. In 2019, Medtronic acquired AV Medical, a company that constructs interventions on catheters.
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