According to the report, the global surgical retractors market was valued at US$
1.9 Mn in 2019 and is projected to expand at a CAGR
of ~5% from 2020 to 2030. Surgical
retractors help surgeons and operating room professionals to hold an incision
or wound open during surgical procedures. These instruments aid in holding
underlying organs or tissues, allowing doctors/nurses better visibility and
access to the exposed area. Different types of surgical retractors are used in
surgical procedures, including hand-held retractors, self-retaining retractors,
and table-mounted retractors. The growth of the global surgical retractors
market can be attributed to rise in demand for plastic & reconstructive
surgeries and increase in global geriatric population.
Read
Report Overview - https://www.transparencymarketresearch.com/surgical-retractors-market.html
North America dominated the global surgical retractors market in 2020 and
the trend is anticipated to continue during the forecast period. Highly structured
healthcare industry, early adoption of new surgical retractors, high
penetration rate of surgical retractors, and presence of major players are
expected to drive the market in North America. Asia Pacific is likely to be a
highly lucrative market for surgical retractors during the forecast period. The
market in the region is projected to expand at a high CAGR from 2020 to 2030.
Rise in Demand for Plastic & Reconstructive
Surgeries and Increase in Global Geriatric Population to Drive Market
Surge in number of cosmetic and reconstructive surgeries across the
globe is a major driver of the global surgical retractors market. According to
statistics provided by the International Society of Plastic and Aesthetic
Surgeons (ISAPS), over 1.8 million cosmetic surgeries were
performed across the globe in 2018. According to the American
Society of Plastic Surgeons (ASPS), over 24,099 buttock
augmentation and 313,735 breast augmentation surgeries were
performed in the U.S. alone in 2018. The reconstructive
surgery is performed to treat body parts affected aesthetically or functionally
by congenital defects, developmental abnormalities, or trauma. According to the
statistics provided by the International Society of Plastic and Aesthetic
Surgeons (ISAPS), over 5.8 million reconstructive surgeries
were performed across the globe in 2018.
Increase in the geriatric population directly affects the development of
surgical retractors, as elderly people are highly susceptible to chronic
diseases and undergo different surgeries. The increase in global population
aged 65 years or above is expected to augment the global surgical retractors
market in the near future. According to a report by the U.S. Census Board in 2016,
people aged 60 years or above represented nearly 18% of the
country’s total population and the percentage is likely to increase to 21% by 2030.
Hand-held Retractors to Dominate Market
In terms of product type, the global surgical retractors market has been
divided into hand-held retractors, self-retaining retractors, table-mounted
retractors, and others. The hand-held retractors segment dominated the global
surgical retractors market in 2019 and the trend is projected
to continue during the forecast period. Hand-held retractors allow a physician
to move tissue out of the way of the surgical instrument and protect
the vital structures during the procedure. Increase in preference for hand-held
retractors and availability of a range of products are projected to boost the
growth of the segment. Self-retaining retractors was the second largest segment
in terms of market share in 2019. A surgeon can position
self-retaining retractor without assistance. Moreover, major manufacturers are
focusing on launching new self-retaining surgical retractors. These factors are
likely to fuel the growth of the segment.
Request COVID Analysis on Surgical Retractors
Market –
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=34433
Abdominal Surgeries to be Highly Lucrative
In terms of application, the global surgical retractors market has been
classified into abdominal surgeries, cardiothoracic surgeries, orthopedic
surgeries, obstetric & gynecological surgeries, and others. The abdominal
surgeries segment dominated the global market due to increase in number
surgical procedures performed through abdominal region and rise in prevalence
of target disease conditions related to abdominal organs. Additionally, launch
of surgical retractors, especially for abdominal surgery is projected to drive
the segment. The orthopedic surgeries segment is anticipated to grow at a
moderate pace due to rise in the number of orthopedic surgeries and increase in
adult population in countries in Asia such as China and Japan, which is more
prone to orthopedic disorders.
Hospitals to be Major End User
Based on end user, the global surgical retractors market has been
categorized into hospitals, ambulatory surgical centers, and others. The
hospitals segment dominated the global surgical retractors market in terms of
revenue in 2019. The trend is expected to continue during the
forecast period. The increase in the number of surgical procedures carried out
in hospitals, availability of a range of surgical instruments, including
retractors, large patient pool, high prevalence rate of major chronic diseases
that require surgery, and surge in number of hospitals are likely to accelerate
the growth of the segment during the forecast period. Ambulatory surgical
centers is expected to be the fastest growing segment of the global surgical
retractors market during the forecast period. The segment is likely to expand
at a significant CAGR from 2020 to 2030. Rise in
number of ambulatory surgical centers is projected to drive the segment.
Request Customization on Surgical Retractors Market Report –
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=34433
North America to Dominate Global Market
In terms of region, the global surgical retractors market has been
segmented into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. North America dominated the global surgical retractors
market in 2019, followed by Europe. North America accounted for a
major share of the global surgical retractors market in 2019, owing
to high number of surgeries performed due to the large geriatric population.
Moreover, rise in demand for surgical retractors used in surgeries by hospitals
is another factor propelling the market in North America. For instance,
over 1.6 million spinal fusion procedures are carried out in
the U.S. each year. According to the Centers for Disease Control and Prevention
(CDC), nearly 600,000 hysterectomies are performed annually in
the U.S., and about 20 million women in the country have had a
hysterectomy.
The surgical retractors market in Asia Pacific is anticipated to expand
at a high CAGR from 2020 to 2030. This can be
attributed to developing economies with commercial hubs, expanding business
organizations, rise in awareness and adoption of surgical retractors, improving
healthcare infrastructure, and surge in investments by companies in technical
field.
Buy
Surgical Retractors
https://www.transparencymarketresearch.com/checkout.php?rep_id=34433<ype=S
Competition Landscape
The global surgical retractors market is fragmented in terms of number
of players. Key players in the global market include Medtronic plc,
Stryker, Terumo Corporation, Integra LifeSciences, Ethicon (Johnson &
Johnson Services, Inc.), BD, Teleflex Incorporated, B. Braun Melsungen AG,
Invuity, Inc., and Medline Industries, Inc.
Global Surgical Retractors Market: Segmentation
·
o
o
o
o
·
o
o
o
o
o
·
o
o
o
·
o
§
§
o
§
§
§
§
§
§
o
§
§
§
§
§
o
§
§
§
o
§
§
§
About Us
Transparency Market Research is a global market intelligence company,
providing global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of analysts,
researchers, and consultants, uses proprietary data sources and various tools
and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and information.
With a broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in developing
distinctive data sets and research material for business reports.
Contact
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
