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Surgical Retractors Market 2018-2024 Key Players are Johnson & Johnson, Becton Dickinson, Teleflex Incorporated, B. Braun Medical, Medtronic, Medline Industries, Inc., Thompson Surgical Instruments, Inc., MicroSurgical Technology, Sklar Instruments, BR Su

10-07-2018 08:28 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Surgical Retractors Market

Surgical Retractors Market

U.S. surgical retractors market will experience high growth market growth due to growing healthcare expenditures out of which, majority account for surgical procedures. According to Agency for Healthcare Research and Quality, in 2014, there were around 17.2 million hospital visits and majority of the patients underwent surgical procedures that had positive impact on the regional market growth. Also, high adoption rate of technology in the surgical retractor instruments will assure enormous market growth over the estimated forecast time-frame.

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Surgical retractors market is anticipated to grow significantly over the forecast timeframe and market growth can be attributed to the increasing healthcare expenditures globally. High preference for surgeries especially by geriatric population prone to various chronic disorders will drive the surgical retractors market growth. According to John Hopkins, over 51 million surgical procedures were performed that will escalate the demand for surgical retractors and drive surgical retractors market growth.

Technological advancements in the surgical retractor instruments will trigger the surgical retractors industry growth in the near future. Key industry players focus their efforts on developing new surgical retractor instruments. For instance, Medtronic developed VALLEYLAB retractable laparoscopic electrodes that have enhanced features and have high precision improve the surgical performance thereby, escalating the surgical retractors industry in foreseeable future.

Self-retaining segment of surgical retractors market accounted to enormous market share in 2017 and is expected to witness high demand over the upcoming years. Self-retaining instruments reduce complications during the surgical procedures that also allows hands-free surgery for operations thus, driving its demand over the forthcoming years.

Cardiovascular segment of surgical retractors market is expected to grow at high rate due to increasing geriatric population that suffers from cardiovascular problems. According to American College of Cardiology, there were around 800,000 deaths in the U.S. due to heart failure that should escalate the demand for surgical retractors devices elevating segmental growth.

Ambulatory surgical centers segment will have enormous growth in upcoming years owing to increase in the number of out-patient surgery admissions. Ambulatory surgical centers provide additional benefit such as surgeries at affordable cost and less recovery time that will accelerate the segmental growth. In 2017, in U.S, around 22 million surgeries were performed and out of the total, 52.7% were performed in the ambulatory surgical centers that escalates the segment growth.

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Prominent industry players are Johnson & Johnson, Becton Dickinson, Teleflex, B.Braun, Medtronic, Thompson Surgical, MicroSurgical Technology, Medline, Sklar Industries, BR Surgicals. These key industry players implement various strategic initiatives such as mergers, acquisitions and new product launch that render them with competitive advantage. For instance, Medtronic has focused its efforts on developing retractable electrodes integrated with advanced technology that will help the company to maintain its market share.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

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