Over the projected period, the global market for surgical drills is anticipated to be driven by rising funding for training medical professionals how to use the various types of surgical drills and their accessories. For instance, in March 2022, the validated virtual reality (VR) surgical training and assessment platform Osso VR announced that it had received US$ 66 million in funding from Kaiser Permanente Ventures, an investor in healthcare companies, Tiger Global Management, and SignalFire, an investment service. The money will be used to speed up Osso VR's plan to make surgical training more accessible to all medical professionals and to keep investing in hiring medical staff to expand high-fidelity surgical training experiences into new specialty areas.
Market study for surgical drills in 2031. The Surgical Drills Market was valued at $983.55 million in 2021 and is anticipated to increase to $1.52 billion by 2031, at a CAGR of 4.4%.
Leading Companies in the Surgical Drills Industry:
1. B. Braun SE: Established in 1838. Headquarters in Germany's Melsungen. Manufacturer of medical equipment and supplies committed to preserving and enhancing public health. For anaesthesia, intensive care, cardiology, extracorporeal blood therapy, and operations, the company provides products and product systems, empowering medical staff and patients to make the best choices possible. Lauer (Jun 2015), Dialy (Feb 2014), and Ahlcon Parenterals (Mar 2012) are the most recent acquisitions.
2. Stryker Corporation: Established in 1936. United States headquarters. A variety of medical tools, devices, consumables, and implantables are created, produced, and sold by Stryker. Hip and knee replacements, endoscope systems, operating room supplies, embolic coils, hospital beds and gurneys, and spinal devices are among the product categories. Stryker continues to be one of the top three suppliers of reconstructive orthopaedic implants and is the market leader in operating room supplies. Currently, just over one-fourth of Stryker's entire revenue originates from sources outside of America. Recent acquisitions include Gauss Surgical (Sept 2021), Vocera (Jan 2022), and Cerus Endovascular (May 2023).
3. Adeor Medical Ag: Established in 2007. European Union (EU), Europe, Middle East, and Africa (EMEA) headquarters. A producer of instruments and surgical supplies is Adeor Medical. Expert Collections are lists compiled by analysts that highlight the businesses you should be aware of in the most significant technology markets.
4. Medtronic: Built in 1949. Headquarters in Ireland. Supplier of medical equipment. Customers can get diabetes supplies, insulin pumps, fitness and health products, accessories, and glucose monitoring products from the company. Affera, Inc. has been fully acquired by Medtronic plc (NYSE:MDT), a world leader in healthcare technology.
5. Allotech Co. Ltd.: As the top producer of disposable medical handpieces for research and development, Allotech Co., Ltd. focuses on high-tech businesses in the field of orthopaedic surgery equipment with "FOR THE BETTER DAYS" as its motto, the business was founded in 2001 with the goal of significantly improving patient health through orthopaedic surgery. Osteogenics Biomedical Inc, Allotech LLC, and OBI Biologics, Inc (collectively "Osteogenics") are three companies that Envista Holdings Corporation (NYSE: NVST) ("Envista") announced in 2022 that it had entered into a binding agreement to purchase. The acquisition is anticipated to completion in the third quarter, subject to usual regulatory approvals.
6. Arthrex Inc.: Established in 1981. Headquarters in the United States. Medical equipment creators and manufacturers who specialise in orthopaedic surgery. The business provides medical education services and a range of goods for arthroscopic and minimally invasive orthopaedic surgical procedures, enabling healthcare professionals to deliver more effective care and achieve better results. Sonoma Orthopaedics (July 2017), MX Orthopaedics (July 2016), and Cardo Medical (Jan. 2011) are the most recent acquisitions.
7. Brasseler USA: Built in 1976. United States headquarters. Manufacturer of dental and surgical goods serving the restorative dentistry, endodontics, oral surgery, and oral hygiene markets for healthcare professionals. In addition to various medical equipment, the company sells carbides, diamonds, rotary polishers, carbides, power systems, endodontics, orthodontics, hand instruments, hygiene, oral maxillofacial surgery, and procedural systems. Henry Schein, Inc. (NASDAQ: HSIC), a publicly traded company, has acquired Carousel Capital's shareholding in Brasseler USA.
*Definition: A surgical drill is an instrument used to bore holes in bone for the attachment of surgical pins, plates, or screws or to remove decay and reshape teeth in preparation for a filling.
