Surgical Retractors Market : Rising Demand of Minimally Invasive Surgeries to Drive the Market Growth

The global surgical retractors market, based on the product type, has been segmented into hand retractors, self-retaining retractors, wire retractors, and others. In 2018, the hand retractors segment held the largest share of the market. However, the self-retaining retractors segment is projected to grow with the fastest CAGR in the market in 2027 owing to the factors, such as ease difficulties during surgical procedures to allow hands-free surgery.

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The key players influencing the market are:

Integra LifeSciences Corporation
Teleflex Incorporated
Arthrex, Inc.
B. Braun Melsungen AG
CooperSurgical, Inc.
Globus Medical, Inc.
Medline Industries, Inc.
Medtronic plc.
Stryker
Thompson Surgical,
OBP Medical Corporation

According to new market research titled 'Surgical Retractors Market to 2027 - Global Analysis and Forecasts by Product Type, Application and End User'. The global surgical retractors market is anticipated to reach US$ 3,724.46 Mn in 2027 from US$ 2,153.40 Mn in 2018. The market is anticipated to grow with a CAGR of 6.5% from 2019-2027. The report provides the trends prevailing in the global surgical retractors market and the factors driving the market along with those that act as hindrances.

The market for surgical retractors is expected to grow, owing to factors such as increase in the number of cardiovascular surgeries, and increase in the number of orthopaedic surgeries play a vital role in the growth of the surgical retractors market. Moreover, increasing medical tourism in emerging nations is likely to have a positive impact on the growth of the market in the coming years.

Product Type Insights

The global surgical retractors market, based on product type, has been segmented into hand retractors, self-retaining retractors, wire retractors, and others. The hand retractors segment held the largest share of the market in 2018. However, the self-retaining retractors segment is projected to grow with the fastest CAGR in the market in 2027 owing to the ease difficulties during surgical procedures to allow hands-free surgery.

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