Surgical Rasps Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Surgical Rasps Market is Segmented by Type (Double-ended, Single-ended), by End User (Hospitals and Clinics, Ambulatory Surgical Centers, Others), and Geography

Market Snapshot

SRP
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.6 %

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Market Overview

The Surgical Rasps market studied is anticipated to register a CAGR of nearly 4.6%, during the forecast period.

  • Certain factors that are driving the market’s growth include an increasing number of surgeries and rising healthcare expenditure.
  • The growing burden of diseases and innovative medical treatments account for nearly two-thirds of the rise in spending. Spending on healthcare in countries, such as China and India, is expected to increase during the forecast period. According to a report by the World Economic Forum, it is estimated that one-third of all global health expenditure will be incurred by emerging economies, by 2022. Certain investments in the healthcare sector offer attractive long-term financial benefits. Medical care is one such area in which individuals tend to increase spending as incomes grow. The healthcare industry in the emerging markets has been growing rapidly in BRICS (Brazil, Russia, India, China, and South Africa). In 2014, the healthcare market, in BRIC countries, capitalized at more than USD 850 billion, at a compound rate of 9.1%, which is significantly greater than the aggregate GDP growth rate of those countries. Such factors potentially drive the demand for Surgical Rasp’s adoption across the world.

Scope of the Report

As per the scope of the report, surgical rasps are rough surgical instruments with a serrated body and a handle to hold. The serration is uniform and unique. It is used before the keeping flap, graft, or prosthesis placement in bone. It is used to make the bone smooth and sharp, less surface for the adherent to the material.

By Type
Double-ended
Single-ended
By End User
Hospitals and Clinics
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Ambulatory Surgical Centers Shows Lucrative Opportunity in the Global Surgical Rasps Market

  • Ambulatory care or outpatient care is medical care that is provided on an outpatient basis. The prevalence of chronic diseases is increasing across the world, due to the rapidly aging population and greater longevity of people with chronic conditions, eventually leading to tremendous pressure on the healthcare system all across the world. Since surgery addresses a broad spectrum of conditions that incur large social, economic, and health burdens, hence it is an indivisible and indispensable part of health systems. Throughout the past few decades, surgery has been increasingly prioritized by the global health community or governments, even in low- and middle-income countries. As a result, the number of surgical procedures has risen significantly in order to address the global disease burden, thus leading to a rise in the utilization and adoption of Surgical Rasps.
  • Over the past few years, with the move to value-based care, hospitals and healthcare systems are facing extreme competition from ambulatory service sites, particularly those who offer physician office-based procedures, and ambulatory surgery. Gaining in popularity across the world, ambulatory surgery centers (ASCs) provide both operational and economic efficiencies, enabling ease of patient access, very competitive pricing, and increased opportunities for physician engagement. Thus, with the increasing number of surgeries, the Surgical Rasps market is expected to increase in the future.
seg srp.PNG

North America Dominates the Global Surgical Rasps Market

North America is expected to dominate the overall market throughout the forecast period. In the North American region, the United States holds the largest market share, and this is due to better regulations of surgical devices and growing awareness among the population to approach for such procedures in case of injuries and chronic disease problems. The companies also have well-established direct channel collaboration with hospitals and clinics to serve the studied market.

geo srp.PNG

Competitive Landscape

The global Surgical Rasps market is competitive and consists of a few major players. Companies, like Ambler Surgical, Bornemann Maschinenbau GmbH, Black Smith Surgical, Surgipro, Inc., Millennium Surgical Corp, among others, hold a substantial share in the market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Number of Surgeries

      2. 4.2.2 Rising Healthcare Expenditure

    3. 4.3 Market Restraints

      1. 4.3.1 The High Volume - Low Value Nature of the Market

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Double-ended

      2. 5.1.2 Single-ended

    2. 5.2 By End User

      1. 5.2.1 Hospitals and Clinics

      2. 5.2.2 Ambulatory Surgical Centers

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Ambler Surgical

      2. 6.1.2 Bornemann Maschinenbau GmbH

      3. 6.1.3 Black Smith Surgical

      4. 6.1.4 Surgipro, Inc.

      5. 6.1.5 Millennium Surgical Corp

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Surgical Rasps Market market is studied from 2018 - 2026.

The Surgical Rasps Market is growing at a CAGR of 4.6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Ambler Surgical , Bornemann Maschinenbau GmbH , Black Smith Surgical , Surgipro, Inc. , Millennium Surgical Corp are the major companies operating in Surgical Rasps Market.

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