High-speed Surgical Drill Market

High-Speed Surgical Drill Market by Category (Pneumatic High-speed Surgical Drill and Electric High-speed Surgical Drill), Applications (Dentistry, Orthopaedics, Neurosurgery, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: HC-573
  • Author: Growth Market Reports
  • Rating: 4.9
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  • No. Of Pages: 165
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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 Market Key Takeaways

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.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising number of surgical procedures worldwide is fueling the global high-speed surgical drill market.
  • Increasing access to healthcare facilities around the world is projected to boost the market during the forecast period.
  • Rising medical tourism is estimated to create growth opportunities for the key players in the market.
  • Easy access to advanced medical technologies, along with rising compliance on international quality standards is driving the market of medical tourism.
  • Factors such as high-quality service, advertising, and marketing along with rising number of surgical drills are expected to drive the market during the forecast period.
  • Unfavorable supply and production, due to Covid-19, are projected to hinder the market growth.
  • High cost of surgical drills is estimated to hamper the market growth.
  • Growth in global economies and rising healthcare expenditure is creating growth opportunities for the key players.

Scope of the Report

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


Market Segment insights:

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.

High-Speed Surgical Drill Market By Category

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.

High-Speed Surgical Drill Market By Applications

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.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High-speed Surgical Drill Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. High-speed Surgical Drill Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. High-speed Surgical Drill Market - Supply Chain
  4.5. Global High-speed Surgical Drill Market Forecast
     4.5.1. High-speed Surgical Drill Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. High-speed Surgical Drill Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. High-speed Surgical Drill Market Absolute $ Opportunity
5. Global High-speed Surgical Drill Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. High-speed Surgical Drill Market Size and Volume Forecast by Applications
     5.3.1. Dentistry
     5.3.2. Orthopaedic
     5.3.3.  Neurosurgery
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global High-speed Surgical Drill Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. High-speed Surgical Drill Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global High-speed Surgical Drill Demand Share Forecast, 2019-2026
7. North America High-speed Surgical Drill Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America High-speed Surgical Drill Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America High-speed Surgical Drill Market Size and Volume Forecast by Applications
     7.4.1. Dentistry
     7.4.2. Orthopaedic
     7.4.3.  Neurosurgery
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America High-speed Surgical Drill Demand Share Forecast, 2019-2026
8. Latin America High-speed Surgical Drill Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America High-speed Surgical Drill Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America High-speed Surgical Drill Market Size and Volume Forecast by Applications
     8.4.1. Dentistry
     8.4.2. Orthopaedic
     8.4.3.  Neurosurgery
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America High-speed Surgical Drill Demand Share Forecast, 2019-2026
9. Europe High-speed Surgical Drill Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe High-speed Surgical Drill Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe High-speed Surgical Drill Market Size and Volume Forecast by Applications
     9.4.1. Dentistry
     9.4.2. Orthopaedic
     9.4.3.  Neurosurgery
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe High-speed Surgical Drill Demand Share Forecast, 2019-2026
10. Asia Pacific High-speed Surgical Drill Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific High-speed Surgical Drill Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific High-speed Surgical Drill Market Size and Volume Forecast by Applications
     10.4.1. Dentistry
     10.4.2. Orthopaedic
     10.4.3.  Neurosurgery
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific High-speed Surgical Drill Demand Share Forecast, 2019-2026
11. Middle East & Africa High-speed Surgical Drill Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa High-speed Surgical Drill Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa High-speed Surgical Drill Market Size and Volume Forecast by Applications
     11.4.1. Dentistry
     11.4.2. Orthopaedic
     11.4.3.  Neurosurgery
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa High-speed Surgical Drill Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global High-speed Surgical Drill Market: Market Share Analysis
  12.2. High-speed Surgical Drill Distributors and Customers
  12.3. High-speed Surgical Drill Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Johnson & Johnson
     12.4.2. Medtronic
     12.4.3. Brasseler
     12.4.4. Conmed
     12.4.5. Adeor
Segments Covered in the Report
The global high-speed surgical drill market has been segmented on the basis of:-

Category
  • Pneumatic High-speed Surgical Drill
  • Electric High-speed Surgical Drill
Applications
  • Dentistry
  • Orthopaedic
  •  Neurosurgery
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Companies
  • Johnson & Johnson
  • Medtronic
  • Brasseler
  • Conmed
  • Adeor
  • Nouvag
  • Stryker
  • Aesculap
  •  Aygun
  • DeSoutter Medical
  • Smith & Nephew

Key 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.

 High-Speed Surgical Drill Market By Key Players

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