Surgical Drill Market Size, Share & COVID-19 impact Analysis, By Product Type (Instruments {Electric Drills, Pneumatic Drills, and Battery Drills}, and Accessories); By Type (Reusable, and Disposable), By Application (Orthopedic, Dental, Neurology, ENT, and Others), By End User (Hospitals & ASCs, and Specialty Clinics), and Regional Forecast, 2021-2028

The global surgical drill market size was USD 1.12 billion in 2020 and is projected to grow from USD 1.17 billion in 2021 to USD 1.78 billion in 2028, at a CAGR of 6.2% during the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with surgical drills witnessing a negative impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a decline of -10.0% in 2020 as compared to the average year-on-year growth during 2017-2019. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.

Surgical powered instruments play a unique role in the operating suite. A surgical drill is a powered instrument used to bore holes in the bone and to cater to a range of applications, from dental to neurological surgeries.

The growing prevalence of chronic disorders requiring surgical intervention coupled with the introduction of technologically advanced instruments by key players is contributing to the growth of the market during the forecast period. 

• For instance, according to the study published by the Journal of Neurosurgery (JNS), every year, globally, an estimated 22.6 million patients suffer from neurological disorders or injuries, of whom 13.8 million require surgeries.

Significant Decline in Elective Procedures Amid COVID-19 to Restrict the Growth of the Market

COVID-19 pandemic has negatively impacted this market. Key players reported a decline in their revenues from their major surgical power tools products' sales due to the significant reduction in the number of surgeries during the COVID-19 restrictions.

• For instance, B. Braun's Aesculap division revenue decreased by -11.4% in 2020 compared to the prior year and was valued at USD 2,140.7 million. The decline in sales resulted from postponements or cancellations of elective procedures due to the pandemic.

Furthermore, the governments of several countries laid instructions for the postponement or cancellation of the non-essential surgeries to preserve the healthcare resources for the treatment of COVID-19 patients. This factor resulted in a huge decline in non-emergency procedures worldwide, which further limited the adoption of surgical drill during the 2019-2020 period.

• For instance, according to the data published by the British Journal of Surgery, it was estimated that around 516,000 surgeries were canceled in the U.K. in the first 12-week period of the COVID-19 pandemic.

Moreover, several research organizations & players suspended their research projects related to introducing a new and technologically advanced portfolio of surgical drill due to the imposition of lockdown in major countries. Whereas the recent outbreak of new covid-19 strain in countries like the U.K., India, and others is expected to further continue the trend of postponement of surgeries and increase the burden on the healthcare system of the affected countries.

LATEST TRENDS

Introduction of Next Generation Drills to Spur Growth of Market

A large number of patients in developed and emerging countries are undergoing surgeries every year. Despite various advancements in surgical devices, drills have their distinct shortcomings. Pricing and shorter-battery life drills, etc., are presenting a huge opportunity for market players to focus on R&D and introduce advanced, next-generation devices in the market.

Various research institutes are already focusing on developing next-generation power tools, including drills such as high-speed drills with robotic systems, non-sterile battery drills, advanced architecture drills, etc.

• For instance, in December 2020, Medtronic received the USFDA approval for their Midas Rex high-speed drills with the Mazor Robotic Guidance System. The solution delivers the confidence of access and interbody navigation, predictability of planning, and robotic technology precision.

Additionally, different market players including adeor medical AG and others are focusing on introducing these next-generation drills in the emerging market, which is anticipated to boost the overall market growth in the forthcoming years.

DRIVING FACTORS

Growing Number of Surgeries to Augment Demand of Surgical Drill

Globally, the growing number of surgeries owing to the rising prevalence of chronic disorders and increasing road accidents, sports injuries,  and trauma is one of the major factors contributing towards the growth of the market.

• According to the data published by the World Health Organization (WHO), in 2019, the estimated mean global surgical rate ranged from 666 to 11,168 surgeries per 100,000 people, with road accidents and trauma being one of the major causes for surgical intervention.

Also, the rapidly increasing geriatric population leads to the rising number of patients with orthopedic disorders, leading toa rise in the number of surgeries such as joint replacement, arthroscopy, organ transplant among elderly patients. This factor drives the demand for new and innovative surgical powered instruments, including surgical drills, in hospitals and other healthcare facilities.

• According to a research article, the growing aging population in the U.S. has led to an increase in orthopedic surgical procedures from 5.3 million orthopedic surgeries in 2010 to 6.6 million orthopedic surgeries in 2020.

The growing demand for surgical powered instruments, including drills, is therefore propelling the market players to invest heavily in R&D and launch of technologically advanced products. . Further, the growing number of technological advancements in the drills for surgeries, is anticipated to spur the surgical drill market growth during the forecast period.

RESTRAINING FACTORS

Inadequate Quality Assurance and Lack of Sterilization Practices May Hamper Market Growth

Surgeons require high-quality surgical instruments to carry out successful procedures. The quality of surgical instruments is heavily relied upon by surgeons to perform procedures to the highest standard. However, the surgeons usually directly use the newly purchased surgical power tools, without undergoing sterilization procedures which results in harmful consequences.

• For instance, according to a research study conducted by National Patient Safety Agency (NPSA) in the U.S., the surgical drills constituted the largest (40%) group of broken and poor quality instruments.

Moreover, failure to properly disinfect or sterilize drills results in transmission of infectious pathogens to the patients. For instance, according to a survey conducted among the dental surgeons in the U.K., 68% of respondents believed they were sterilizing their instruments but did not use appropriate chemical sterilants or exposure times, and 49% of respondents did not challenge autoclaves with biological indicators.

In addition, emergence of advanced minimally invasive surgeries for spine and bone grafting along with comparatively higher cost of powered instruments and lack of reimbursement policies in emerging countries is limiting the adoption of surgical drills and are expected to further hamper the growth of the market during the forecast period.

SEGMENTATION

By Product Type Analysis

Growing Demand of Accessories in Different Surgeries to Lead to Dominant Position in 2020

Based on product type, the global market is segmented into instruments and accessories

The accessories segment held the dominating share in 2020. A rising number of surgical interventions, especially orthopedic procedures globally, is leading to rising demand for accessories and consumables such as batteries, electric consoles, pneumatic regulators, and others used for drills.

• For instance, according to a research article published by OrthoSpineNews., approximately 40% of the global population over age 55 suffers from chronic knee pain. Of those, 50.8 million suffer from disabling pain, and about 2.6 million turn to knee replacement surgery each year

On the other hand, the longer shelf life of the instruments and high costs of the these devices limits the frequent buying of new instruments. This factor is primarily responsible for the lower share of the instruments segment during the forecast period.

By Type Analysis

Cost Effective Pricing to Hold the Lion’s Share of Reusable Segment in Global Market

Based on type, the global market is segmented into reusable and disposable.

The reusable segment will dominate the global market in 2020. The dominance of this segment is attributed to the higher preference of surgeons towards reusable instruments owing to their cost advantage, technical superiorities over the disposable surgical drills, and other functional and operational benefits offered by these devices.

On the other hand, the higher purchase price associated with the disposable surgical drills limits their adoption. It is a less popular choice among the surgeons and, therefore has a low growth rate during the forecast period. However, growing concerns about the sterilization of reusable devices and lack of established guidelines and protocols for sterilization in healthcare facilities especially in emerging countries, are shifting the focus towards disposable devices.

By Application Analysis

Growing Number of Orthopedic Surgeries Enabled the Dominance of Segment

Based on indication, the global market is segmented into orthopedic, dental, neurology, ENT, and others.

The orthopedic segment held the dominating share in 2020. The dominance is attributed to the increasing incidence of orthopedic disorders among the global population, resulting in more patients undergoing surgical interventions. For instance, according to the data published by ResearchGate, it was estimated that the global incidence rate of knee arthritis was 203 per 10,000 individuals, and the number of total knee arthroplasty was projected to grow by 85.0% and reach 1.26 million procedures by the end of 2030.

On the other hand, the neurology segment held the second-largest share in the global market in 2020. The segment's growth is lucrative owing to the increasing patient pool suffering from neurological disorders leading to higher demand for surgical procedures as a treatment. Hence, subsequently increasing the demand and uptake of surgical power tools, including drills.

By End User Analysis

Presence of Insurance Coverage for Surgeries in Hospitals & ASCs Resulted in Highest Market Share of Segment

Based on indication, the global market is segmented into hospitals & ASCs and specialty clinics

The hospitals & ASCs segment held the dominating share in 2020. The dominance of the segment is attributed to the higher number of surgeries performed in hospitals and ambulatory surgery centers, along with adequate reimbursement policies awarded by hospitals in emerging countries.

Moreover, the presence of skilled healthcare professionals and higher adoption of advanced drills for complicated surgical interventions are some of the major factors driving the patient flow towards these settings in developed and emerging countries.

On the other hand, the specialty clinics segment is growing at a CAGR higher than the hospitals & ASCs segment. An increasing number of specialty clinics, including orthopedic clinics in developed countries, and increasing investments by public and private players to develop healthcare infrastructure and facilities in emerging countries is anticpated to drive the segment's growth.

REGIONAL INSIGHTS

North America to Hold Largest Market due to Increasing Prevalence of Neurological Disorders

The surgical drill market size in North America stood at USD 0.61 billion in 2020. The rising prevalence of neurological disorders, orthopedic disorders, and other chronic conditions, and higher percentage of surgeries is driving the demand for instruments and accessories for surgical power tools.

Europe held the second-largest share in the global market. An increasing number of orthopedic surgeries in countries such as the U.K., Germany, and others and the introduction of advanced drills in the region, are some of the factors driving the growth of this region during the forecast period.

• For instance, according to the data published by the National Joint Registry, it is estimated that around 160,000 total hip and knee replacement procedures are performed in the England and Wales region every year.

Meanwhile, the market in Asia Pacific is expected to grow with the highest CAGR. Increasing penetration of market players in developing countries, high volume of surgeries and rise in medical tourism are some of the major factors responsible for the rapid growth of this region.

KEY INDUSTRY PLAYERS

Stryker and DePuy Synthes (Johnson & Johnson Services, Inc.) to Acquire Leading Positions in Market

The global market is a consolidated market with players like Stryker, Johnson & Johnson Services, Inc., Zimmer Biomet, Medtronic, and B. Braun Melsungen AG comprising a dominant market share. These major players are constantly focusing on commercializing their products worldwide, launching new battery-powered drills for surgical procedures, and entering into a strategic partnership with other players to expand their product portfolio.

Also, the current market scenario is characterized by an increasing proportion of small manufacturers in emerging and developed countries like De Soutter Medical, AlloTech Co., LTD., NSK/NAKANISHI INC., and others Increasing focus on the development of new products shall enable the players to boost their market share. For instance, in March 2019, NSK launched the S-Max M series, the next phase of the evolution of their globally acclaimed handpieces.

LIST OF KEY COMPANIES PROFILED:

• Medtronic (Dublin, Ireland)


• Stryker (Kalamazoo, U.S.)


• Johnson & Johnson Services, Inc. (New Brunswick, U.S.)


• NSK/NAKANISHI INC. (Kanuma, Japan)


• Zimmer Biomet (Warsaw, U.S.)


• B. Braun Melsungen AG (Melsungen, Germany)


• De Soutter Medical (Buckinghamshire, U.K.)


• AlloTech Co., LTD. (Namyangju-si, Korea)

KEY INDUSTRY DEVELOPMENTS:

• January 2021 –Medtronic received the FDA clearance for its Midas Rex high-speed drills, navigated interbody and disc prep platform using the Mazor robotic guidance system.


• June 2021 - Jiomax, a German-based market leader in technologies and training methods for full-endoscopic and minimally invasive spinal surgery, announced the global launch of its new generation Shrill, the Shaver Drill System.

REPORT COVERAGE

The global surgical drill market research report provides a detailed analysis of the market. It focuses on key aspects such as leading companies, product type, application, and end-user. Besides this, it offers insights into the key market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the growth of the market over recent years.

Report Scope & Segmentation

ATTRIBUTE	DETAILS
Study Period	2017-2028
Base Year	2020
Estimated Year	2021
Forecast Period	2021-2028
Historical Period	2017-2019
Unit	Value (USD billion)
Segmentation	Product Type; Type; Application; End User; and Region
By Product Type	Instruments Electric Drill Pneumatic Drill Battery Drill Accessories
By Type	Reusable Disposable
By Application	Orthopedic Dental Neurological ENT Others
By End User	Hospitals & ASCs Specialty Clinics
By Geography	North America (U.S. and Canada) Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, Rest of Latin America) The Middle East & Africa (GCC, South Africa, Rest of the Middle East & Africa)