Surgical Retractor Market Outlook 2023: Top Companies, Trends and Growth Factors Details for Business Development

2020 Research Report on Global Surgical Retractor Market is a professional and comprehensive report on the Surgical Retractor industry.

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Key Players: JOHNSON & JOHNSON (US), MEDTRONIC PLC (US), BECTON, DICKINSON AND COMPANY (US), STRYKER CORPORATION (US), Terumo Corporation (Japan), HENRY SCHEIN, INC. (US), B. Braun Melsungen AG (Germany), TELEFLEX INCORPORATED (US), INTEGRA LIFESCIENCES HOLDINGS CORPORATION (US), THE COOPER COMPANIES, INC. (US), GLOBUS MEDICAL, INC. (US), RTI SURGICAL, INC. (US), Arthrex, Inc. (US), Invuity, Inc. (US), and Medline Industries, Inc. (US).

"The surgical retractors marketis projected to grow at a CAGR of XX% during the forecast period"

The global surgical retractors market is projected to reach USD 2.5billion by 2023 from USD 1.8 billion in 2018, at a CAGR of 7.2%. The growth of this market is largely driven by factors such as the increasing number of surgical procedures; growing availability of specialized and application specific retraction products; continuously expanding geriatric population prone to chronic diseases (which require surgical intervention); and rising demand for plastic and reconstructive surgeries.

"The hand-held retractorssegment is expected to account for the largest market share in 2018"

Based on product, the surgical retractors market is segmented intohand-held retractors, self-retaining retractors, table-mounted retractors, wire retractors, and accessories. Thehand-held retractorssegment is expected to account for the largest share of this marketin 2018. The availability of a wide range of affordable handheld retractors coupled with significant preference of healthcare providers for these products and large number of surgical procedures conducted across the globe are the major factors driving the growth of this market segment.

"The head, neck, and spinal applications segment is expected to witness high growth rate in the surgical retractors market, by application, during forecast period"

Based on applications, the surgical retractors market is segmented into abdominal applications; cardiothoracic applications; orthopedic applications; obstetric and gynecological applications; general surgical applications; head, neck, and spinal applications; aesthetic surgical applications, and other applications. The surgical retractors market for head, neck, and spinal application is expected to witness high growth rate in the during forecast period. The growing usage of application specific specialized surgical retractors in spinal surgeries and growth in number of patients with spinal disorders are the major factor driving the growth of this market segment.

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"The hospitals, clinics, and surgical centerssegmentis estimated to account for largest share of surgical retractors market in 2018"

On the basis of end user, the surgical retractors market has been segmented intohospitals, clinics, and surgical centers; ambulatory care centers; and maternity and fertility centers.Thehospitals, clinics, and surgical center end user segment is estimated to account for largest share in 2018dueto factors growing number of surgical procedures across the globe and growth in the number of hospitals, clinics and surgeons providing surgical treatments.

"Asia Pacific to witness high growth rate in global surgical retractors marketduring the forecast period"

The surgical retractors marketis segmented into four major regions, namely, North America, Europe, the AsiaPacific, and the Rest of the World. Asia Pacific is expected to register high growth rate in global surgical retractors market in 2018.The growing number of hospitals in Asian countries, government initiatives to increase the number of doctors in China, Japan's growing healthcare industry, and increasing medical tourism (especially for aesthetic surgeries) in Asian countries are the major factors driving the growth of the surgical retractors market in Asia Pacific.

Research Coverage

This report studies the surgical retractors market based on product type, product design, product usage, application, end user, and region. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth. It analyzes the drivers, restraints, opportunities and challenges in the market and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions(and the respective countries in these regions).

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In the end, the Global Surgical Retractor Market report's conclusion part notes the estimation of the industry veterans.

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