A low cost disposable spherical hollow reamer for medical applications includes a reusable shaft and a disposable spherical hollow reamer. The hollow reamer is thin sheet metal with 0.125 mm to 0.812 mm thickness and has plurality of cutters and apertures that extend through its thickness. The shaft has a proximal end for attachment to a drill and a distal precision threaded screw end. The spherical hollow reamer has welded first plate in its interior with a precision threaded aperture engaging with the threaded end of the reusable shaft. The spherical hollow reamer has a welded second plate with a central precision aperture that slides over the shaft external surface. The threaded attachment and sliding fit attachment provides wobble free reaming action. The welded second plate in combination with the interior surface of the spherical hollow reamer forms enclosed space for capturing bone fragment and bone cement debris.