Market Size of Surgical Rasps Industry
| 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 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.
| By Type | |
| Double-ended | |
| Single-ended |
| By End User | |
| Hospitals and Clinics | |
| Ambulatory Surgical Centers | |
| Others |
| Geography | ||||||||
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Surgical Rasps Market Size Summary
The Surgical Rasps market is poised for steady growth, driven by an increasing number of surgeries and rising healthcare expenditure globally. The demand for surgical rasps is bolstered by the growing burden of diseases and the adoption of innovative medical treatments, which have significantly contributed to the rise in healthcare spending. Emerging economies, particularly in Asia, are expected to see substantial increases in healthcare investment, further propelling market growth. The healthcare sector in BRICS nations has been expanding rapidly, outpacing the overall economic growth in these regions, which is likely to enhance the adoption of surgical rasps worldwide. The shift towards value-based care and the rising popularity of ambulatory surgery centers are also contributing to the market's expansion, as these centers offer operational efficiencies and competitive pricing, making surgical procedures more accessible.
North America is anticipated to maintain its dominance in the surgical rasps market throughout the forecast period, with the United States leading due to stringent regulations and heightened awareness of surgical procedures. The market is characterized by intense competition among a few major players, including Ambler Surgical, Bornemann Maschinenbau GmbH, Black Smith Surgical, Surgipro, Inc., and Millennium Surgical Corp, who hold significant market shares. These companies have established strong collaborations with hospitals and clinics, facilitating their presence in the market. The increasing number of surgical procedures, driven by the need to address global health burdens, underscores the indispensable role of surgical rasps in modern healthcare systems.
Surgical Rasps Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Number of Surgeries
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1.2.2 Rising Healthcare Expenditure
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1.3 Market Restraints
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1.3.1 The High Volume - Low Value Nature of the Market
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Double-ended
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2.1.2 Single-ended
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2.2 By End User
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2.2.1 Hospitals and Clinics
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2.2.2 Ambulatory Surgical Centers
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2.2.3 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle-East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle-East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Surgical Rasps Market Size 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.
