High-Speed Surgical Drills & Tools Market Size is valued at USD 587.39 Mn in 2023 and is predicted to reach USD 848.01 Mn by the year 2031 at a 4.87% CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- The market is witnessing a shift towards battery-powered surgical drill systems, offering greater mobility and flexibility in surgical procedures.
- Manufacturers are focusing on product differentiation through features such as ergonomic designs, noise reduction, and enhanced durability to gain a competitive edge.
- Collaboration and partnerships between medical device companies and healthcare institutions are driving research and development efforts aimed at addressing unmet clinical needs and enhancing surgical outcomes.
High-speed surgical drills and tools are specialist medical instruments specifically engineered to precisely and rapidly cut, shape, or extract hard tissues. They play a vital role in several surgical disciplines, including orthopaedics, dentistry, and neurosurgery, enabling surgeons to execute delicate and minimally invasive treatments while ensuring precision and safety. These gadgets frequently include cooling devices to mitigate tissue damage caused by heat generated during high-speed operation.They play a crucial role in various applications, such as enhancing tissue manipulation during surgical procedures or improving access to organ imaging. These tools have become integral components of modern operative techniques. Over the past few decades, the surgical power tool industry has experienced remarkable growth, largely due to the widespread acceptance of technological innovations in the healthcare sector.
Additionally, the increasing use of High-Speed Surgical Drills and tools has brought convenience and enhanced usability to surgeons and operators. Factors contributing to the development of the surgical power tool market include the high adoption rate of these tools, their associated benefits such as improved performance, enhanced reliability, longer lifespan, and the rising incidence of neurological disorders, propelling market expansion. However, the market's growth is being hindered by a shortage of skilled professionals.
Competitive Landscape
Some Major Key Players In The High-Speed Surgical Drills & Tools Market:
- Medtronic
- Abbott
- Stryker Corporation
- Adeo medical AG
- Biomed
- Zimmer Biomet
- Orthopromed
- Depuy Synthes. (Johnson & Johnson)
- Olympus
- Jomiah GmbH
- Brasseler
- AYGUN Co., Inc.
- Conmed
- Aesculap
- Smith & Nephew
- Nouvag AG
- Others
Market Segmentation:
The high-speed surgical drills & tools market segmentation is based on product type, technology, application and end-use. The product type segment includes high-speed drilling systems, surgical saws, reamers, burrs, staplers, shavers and others. By technology, the market is segmented into electric-powered and pneumatic. By application, the market is segmented into orthopaedic surgery, dental surgery, ear, nose, and throat (ENT) Surgery, neurology surgery, cardiothoracic surgery and others. The end-users segment consists of hospitals, specialized clinics and ambulatory surgical centres (ASCs).
Based On Product, The High-Speed Surgical Drills & Tools Segment Is Accounted As A Major Contributor In The High-Speed Surgical Drills & Tools Market.
The High-Speed Surgical Drills and Tools category is expected to hold a major share of the global High-Speed Surgical Drills and Tools market in 2024. This is due to surgeons' increasing adoption of high-speed surgical drills for precise bone dissections, especially in areas like the cervical and lumbar spine.
The drill bits employed in these procedures are typically reused until they become dull and ineffective. Furthermore, blunt drill bits demand extra power or higher rotational speeds, as the sharpness of the drill bit is an important factor in drilling efficiency. Most companies offer high-speed surgical drills equipped with the latest drill technology, catering to a wide range of surgical applications. These drills typically operate within the 500–1,000 RPM range and are designed to provide smooth and precise bone-cutting performance. They also feature a lightweight and compact handpiece design, which accelerates the surgical process.
The Dental Surgery Segment Witnessed Growth At A Rapid Rate.
The dental surgery segment is projected to grow at a rapid rate in the global high-speed surgical drills and tools market. The growing utilization of dental implants, known for their impressive success rate of 98%, is driving the increased preference for dental restoration procedures. This rising demand is leading to greater use of high-speed surgical drills, primarily employed for procedures involving crown and filling shaping, as well as teeth polishing. These dental tools incorporate surgical air-driven handpieces, making oral procedures safer and less hazardous.
In The Region, The North American High-Speed Surgical Drills And Tools Market Holds A Significant Revenue Share.
The North American high-speed Surgical Drills and tools market is expected to record the maximum market share. Regulatory bodies in North America, such as the FDA in the United States, set stringent standards and requirements for medical devices, including high-speed surgical tools. Compliance with these regulations is a crucial aspect of market operations, ensuring the safety and effectiveness of these tools. In addition, Asia Pacific is estimated to grow at a rapid rate in the global High-Speed Surgical Drills and tools market. Technological innovations play a pivotal role in shaping the market. High-speed surgical tools are becoming more sophisticated and user-friendly, incorporating features such as precision controls, ergonomic designs, and improved safety mechanisms. Integration with digital technologies and robotics is also rising, enhancing surgical precision.
Recent Developments:
- In March 2023, Stryker introduced the CD NXT System, a new and exclusive technology that enables fast, precise, and consistent digital depth measurement in various medical procedures. This system provides real-time depth assessment while surgeons do drilling duties. The CD NXT System optimizes instrumentation and surgical operations, providing accurate and repeatable measurements while avoiding potential errors commonly associated with manual depth gauges.
- In Dec 2020, Medtronic enhanced its position in the field of guided, robotic spine surgery through the approval granted by the FDA. The Midas Rex™ Drills and Navigated Disc Prep and Interbodies for the United States have received clearance with the Mazor™ Robotic Guidance System.
High-Speed Surgical Drills & Tools Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 587.39 Mn |
|
Revenue Forecast In 2031 |
USD 848.01 Mn |
|
Growth Rate CAGR |
CAGR of 4.87 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Product Type, Application, Technology, End-Use |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ; France; Italy; Spain; South Korea; South East |
|
Competitive Landscape |
Medtronic, Abbott., Stryker Corporation, Adeor Medical AG, Abiomed, Zimmer Biomet., Orthopromed, Depuy Synthes. (Johnson & Johnson)., Olympus., Joimax Gmbh, Brasseler, AYGUN Co., Inc., Conmed, Aesculap, Smith & Nephew, Nouvag AG and Others |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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