Press release
Surgical Retractors Market to Reach $2787.7 Million, Globally, by 2028 Growing at 6.6%| Medtronic, Becton, Teleflex Incorporated, Medline Industries
The global surgical retractors market is estimated to be valued at US$ 1779.3 Mn in 2021 and is expected to exhibit a CAGR of 6.6% over the forecast period (2021-2028).A surgical retractor is a medical instrument and is used by the surgeons during surgical procedures. The instrument is used to hold the edges of a wound to keep it open during the surgery in order to provide proper visualization to the surgeons during the surgical procedures. Surgical retractors are employed in various surgeries such as abdominal surgeries, cardiothoracic surgeries, and orthopedic surgeries. Different types of surgical retractors used during surgical procedures include hand retractors, self-retaining retractors, and wire retractors.
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Key Players in This Report Include Medtronic Plc, Becton, Dickinson and Company, Medical Devices Business Services, Inc., Teleflex Incorporated, Medline Industries, Inc., B. Braun Melsungen AG, Applied Medical Resources Corporation, Thompson Surgical, Innomed, Inc., LiNA Medical ApS, Vivo Surgical Private Limited, BVI, CooperSurgical Inc., Stryker Corporation, Mediflex Surgical Products, Applied Medical Technology, Inc., and Changzhou Haiers Medical Devices Co., Ltd.
Market players are engaged in providing information for the first surgery that was performed using their surgical retractors. For instance, on August 12, 2021, Advanced Surgical Retractor Systems, a medical device company making advancements in surgical retractor technology, announced the first exploratory laparotomy with the new TITAN CSR. The TITAN CSR is a lightweight titanium surgical retractor which is used for emergency and trauma surgeries. The first exploratory laparotomy using the TITAN CSR was performed at University Hospital, part of University Health in San Antonio, Texas. The doctors informed that, using surgical retractors, they were able to achieve rapid access to the patient’s abdominal cavity with superior exposure, which allowed them to quickly identify and further control life-threatening sources of bleeding.
Rise in the number of elderly population is expected to increase the growth of the market over the forecast period. For instance, according to the World Population Ageing, 2017, the following graph compares the number of elderly people (in millions) in 2017 and 2050. From the graph it can be concluded that, the elderly population is expected to double in 2050 when compared to the elderly population in the year 2017. This is expected to increase the growth of the global surgical retractors market over the forecast period.
The Global Surgical Retractors Market segments and Market Data Break Down are illuminated below:
By Type:
Handheld
Self-retaining
By Product:
Abdominal Retractor
Finger Retractor
Nerve Retractor
Orthopedic Retractor
Rectal Retractor
Thoracic Retractor
Ribbon Retractor
Others
By Application:
Neurosurgery
Wound Closure
Reconstructive Surgery
Cardiovascular
Orthopedic
Obstetrics and Gynecology (Ob/Gyn)
Others
By End User:
Hospitals
Ambulatory Surgical Centers
Clinics
This research report represents a 360-degree overview of the competitive landscape of the Global Surgical Retractors Market. Furthermore, it offers massive data relating to recent trends, technological, advancements, tools, and methodologies. The research report analyzes the Global Surgical Retractors Market in a detailed and concise manner for better insights into the businesses.
Regions Covered in the Surgical Retractors Market:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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The research study has taken the help of graphical presentation techniques such as infographics, charts, tables, and pictures. It provides guidelines for both established players and new entrants in the Global Surgical Retractors Market.
The detailed elaboration of the Global Surgical Retractors Market has been provided by applying industry analysis techniques such as SWOT and Porter’s five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.
Attractions of the Surgical Retractors Market Report:
• The report provides granular level information about the market size, regional market share, historic market (2016-2020) and forecast (2021-2028)
• The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
• The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
• The report tracks recent innovations, key developments and start-up’s details that are actively working in the market
• The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
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Surgical Retractors Market research provides answers to the following key questions:
• What is the expected growth rate of the Surgical Retractors Market?
• What will be the Surgical Retractors Market size for the forecast period, 2021–2028?
• What are the main driving forces responsible for changing the Surgical Retractors Market trajectory?
• Who are the big suppliers that dominate the Surgical Retractors Market across different regions? Which are their wins to stay ahead in the competition?
• What are the Surgical Retractors Market trends business owners can rely upon in the coming years?
• What are the threats and challenges expected to restrict the progress of the Surgical Retractors Market across different countries?
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About Coherent Market Insights :
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
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