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| Market size in 2024 | US$ 412.5 million |
Forecast Market size by 2030 | US$ 578.3 million |
|---|---|---|---|
| Growth Rate | CAGR of 5.8% | Number of Pages | 122 Pages |
The global Electric Surgical Drills market size was valued at US$ 412.5 million in 2024 and is projected to reach US$ 578.3 million by 2030, at a CAGR of 5.8% during the forecast period 2024-2030.
The United States Electric Surgical Drills market size was valued at US$ 128.7 million in 2024 and is projected to reach US$ 174.5 million by 2030, at a CAGR of 5.2% during the forecast period 2024-2030.
Electric Surgical Drills are motorized medical devices used in various surgical procedures, particularly in orthopedics and dentistry, to drill into bone with precision and control, powered by electricity for consistent performance.
The global Electric Surgical Drills market is experiencing steady growth, driven by technological advancements in surgical techniques, increasing prevalence of orthopedic disorders, and the growing demand for minimally invasive procedures. In 2023, global sales of electric surgical drills reached approximately 180,000 units, with North America and Europe accounting for 60% of demand. Orthopedic surgery remains the largest application area, representing 65% of demand, followed by dental surgery at 25% and neurosurgery at 8%. The market saw a rebound in elective surgeries post-pandemic, leading to a 12% increase in drill sales for orthopedic procedures in 2023 compared to the previous year. Technological advancements have focused on improving precision, reducing heat generation, and enhancing ergonomics, with new models offering brushless motor technology, integrated cooling systems, and weights as low as 250 grams. The market is witnessing strong growth in cordless electric drills, increasing at 9% annually, driven by their improved maneuverability and reduced risk of contamination. In 2023, the trend towards ambulatory surgical centers led to a 15% increase in the adoption of compact, versatile electric drill systems.
The industry faces challenges from the well-established pneumatic drill market, but the quieter operation and precise speed control of electric systems continue to drive adoption, particularly in delicate procedures. Emerging applications in robotic-assisted surgery are showing promise, with specialized electric drill systems for robotic platforms growing at 18% CAGR, albeit from a small base of 2% market share. Looking ahead, the market is expected to benefit from innovations in battery technology and smart drill systems, with AI-assisted drilling for optimal force and speed control projected to grow at 20% CAGR through 2030.
Report Overview
This report provides a deep insight into the global Electric Surgical Drills market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electric Surgical Drills Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electric Surgical Drills market in any manner.
Global Electric Surgical Drills Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Market Segmentation (by Type)
Market Segmentation (by Application)
Geographic Segmentation
Key Benefits of This Market Research:
Overview of the regional outlook of the Electric Surgical Drills Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Electric Surgical Drills Market Research Report 2024(Status and Outlook) |
| Market size in 2024 | US$ 412.5 million |
| Forecast Market size by 2030 | US$ 578.3 million |
| Growth Rate | CAGR of 5.8% |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2023 |
| Forecast Year | 2031 |
| Number of Pages | 122 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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