Surgical Retractors Market (Covid-19) Impact and Analysis by 2027 | Integra LifeSciences Corporation, Teleflex Incorporated, Arthrex, B. Braun Melsungen AG, CooperSurgical, Globus Medical, Medline Industries, Medtronic, Stryker, Thompson Surgical, OBP Med

The Insight Partners analysts forecasts the latest report on “Global Surgical Retractors Market (Covid-19) Impact and Analysis by 2027”, according to report; The Surgical Retractors Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Surgical Retractors Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Surgical Retractors Market.

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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.

Some of the Major Market Players 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

Market Insights

Rising Demand of Minimally Invasive Surgeries
Minimally invasive surgeries are widely being performed during recent years. A minimally invasive procedure is generally carried out by entering the device in the body through the skin or a body cavity or anatomical opening, but with the smallest damage possible to these structures. Unlike traditional surgical procedures, minimally invasive surgery requires only a small incision to be made. Thus, there has been an increase in the number of people opting for minimally invasive surgeries. Since these incisions are tiny, the patient recovers at a faster rate comparatively, with less discomfort. Some of the benefits of a minimally invasive surgery include few small cuts, less trauma to the muscles, nerves, and tissues, less bleeding & scarring, less injury to organs, less pain and reduced use of narcotics, less hospital time, and less effect on the immune system. The research and development have not only helped for introducing the novel products in the market for the medical industry but have also evolved technically for safe, effective, non-invasive, and time-saving procedures. Types of minimally invasive surgery include endoscopy, laparoscopy, and robot-assisted surgery using retractor devices. These procedures can be used for a broad range of applications due to better results obtained. In laparoscopy procedure, hospital stays are shorter, surgical scars & incisions created are much smaller. Thereby, enabling faster healing and recovery. These procedure, are being used widely for bariatric surgery in recent years and are economical compared to the traditional surgery method.

Minimally invasive surgery (MIS) has the advantages that include less tissue injury, faster oral intake, reduced pain, better cosmetic appearance, and smaller hospitalization, compared to the open surgery.

The advantages, as well as the accuracy being offered by minimally invasive surgeries, are expected to restraint the market for surgical retractors in the coming future.

Increasing Medical Tourism in Emerging Nations
Medical tourism is the major driving factor that is leading to the growth of the surgical retractors. The patients travel to other countries due to the use of advanced and sophisticated medical technology devices, equipment, and other products. Medical tourism takes place in such cases where medical care and surgeries are required. The medical tourism is rising in Asia Pacific regions where India is the favorable destination because of the key opportunities in the form of efficient infrastructures and technology in the Indian healthcare sector. The National medical systems and the health insurance market are well developed in the country, which is convenient for visitors from the West and the Middle East. Also, hospital expenses very affordable in the country.

On the other hand, many of the European countries are becoming the destination of medical tourism. Poland is one of the most successful medical tourism destinations drawing increasing numbers of patients. Poland is mostly chosen for plastic & weight-loss surgeries and cardiovascular surgery. The cost of surgical procedures is comparatively less than the other countries.
The growing medical tourism in the emerging nations in the surgical retractors market is expected to offer significant growth opportunities to the players operating in the market during the forecast period.

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.

Strategic Insights

Growth strategies through several organic and inorganic such as approvals, product launch, agreements, and partnerships have been witnessed in the market of surgical retractors. For instance, in October 2018, Stryker acquired Invuity, Inc., which provides a wide variety of clinical applications including orthopaedic & spine surgery, general surgery and women’s health procedures.

Global Surgical Retractors Market – By Product Type

• Hand Retractors
• Self-Retaining Retractors
• Wire Retractors
• Others

Global Surgical Retractors Market – By Application

• Obstetrics & Gynecology
• Cardiovascular
• Neurosurgery
• Orthopedic Surgery
• Reconstructive Surgery
• Wound Closure
• Others

Global Surgical Retractors Market – By End User

• Hospitals, Clinics, & Surgical Centers
• Ambulatory Care Centers
• Maternity & Fertility Centers

The report analyses factors affecting the Surgical Retractors Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Surgical Retractors Market in these regions.

Moreover, the report entails the estimate and analysis for the Surgical Retractors Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Surgical Retractors Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Surgical Retractors Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Surgical Retractors Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Surgical Retractors Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Surgical Retractors Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Surgical Retractors market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Surgical Retractors market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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