Surgical Rasps Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Surgical Rasps Market Analysis
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.
Surgical Rasps Market Trends
This section covers the major market trends shaping the Surgical Rasps Market according to our research experts:
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.
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.
Surgical Rasps Industry Overview
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.
Surgical Rasps Market Leaders
Ambler Surgical
Bornemann Maschinenbau GmbH
Black Smith Surgical
Surgipro, Inc.
Millennium Surgical Corp
*Disclaimer: Major Players sorted in no particular order
Surgical Rasps Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Number of Surgeries
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4.2.2 Rising Healthcare Expenditure
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4.3 Market Restraints
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4.3.1 The High Volume - Low Value Nature of the Market
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Double-ended
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5.1.2 Single-ended
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5.2 By End User
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5.2.1 Hospitals and Clinics
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5.2.2 Ambulatory Surgical Centers
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5.2.3 Others
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Middle-East and Africa
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5.3.4.1 GCC
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5.3.4.2 South Africa
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5.3.4.3 Rest of Middle-East and Africa
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5.3.5 South America
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5.3.5.1 Brazil
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5.3.5.2 Argentina
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5.3.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Ambler Surgical
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6.1.2 Bornemann Maschinenbau GmbH
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6.1.3 Black Smith Surgical
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6.1.4 Surgipro, Inc.
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6.1.5 Millennium Surgical Corp
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Surgical Rasps Industry Segmentation
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.
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| Single-ended |
| By End User | |
| Hospitals and Clinics | |
| Ambulatory Surgical Centers | |
| Others |
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Surgical Rasps Market Research FAQs
What is the current Surgical Rasps Market size?
The Surgical Rasps Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in Surgical Rasps Market?
Ambler Surgical , Bornemann Maschinenbau GmbH , Black Smith Surgical , Surgipro, Inc. and Millennium Surgical Corp are the major companies operating in the Surgical Rasps Market.
Which is the fastest growing region in Surgical Rasps Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Surgical Rasps Market?
In 2024, the North America accounts for the largest market share in Surgical Rasps Market.
What years does this Surgical Rasps Market cover?
The report covers the Surgical Rasps Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Surgical Rasps Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Surgical Rasps Industry Report
Statistics for the 2024 Surgical Rasps market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Surgical Rasps analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
