High Speed Surgical Drill Market Size, Share & Growth [2031]
High Speed Surgical Drill Market Size, Share & Growth [2031]
Segments - 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 2023 – 2031
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| Report ID :HC-573
| 4.2 Rating
| 73 Reviews
| 165 Pages
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Report Description
The global high-speed surgical market size was valued at USD 606.51 Million in 2022 and is anticipated to reach USD 841.10 Million by 2031, expanding at a CAGR of 3.7% during the forecast period, 2023–2031. 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.
High-Speed Surgical Drill 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 High-Speed Surgical Drill Market 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.
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Attributes |
Details |
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Report Title |
High-speed Surgical Drill Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Category (Pneumatic High-Speed Surgical Drill and Electric High-Speed Surgical Drill) and Applications (Dentistry, Orthopaedics, Neurosurgery, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Johnson & Johnson, Medtronic, Brasseler, Conmed, Adeor, Nouvag, Stryker, Aesculap, Aygun, DeSoutter Medical, and Smith & Nephew |
High-Speed Surgical Drill Market Segment Insights
Category Segment Analysis
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.
Applications Segment Analysis
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.
Regional Analysis
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.
Segments
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
Competitive Landscape
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.
Table Of Content
1. Executive Summary2. 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
Methodology
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