Elevating Healthcare: Chronic Disease Surge Fuels Surgical Retractors Market Growth in Forecasted Period || Henry Schein, B. Braun Melsungen AG, Medtronic plc

As per The Business Research Company's Surgical Retractors Opportunities And Strategies Market Report 2023, the global surgical retractors market reached a value of nearly $2,174.4 million in 2022, having grown at a compound annual growth rate (CAGR) of 3.4% since 2017. The market is expected to grow from $2,174.4 million in 2022 to $3,030.4 million in 2027 at a rate of 6.9%. The market is then expected to grow at a CAGR of 7.0% from 2027 and reach $4,243.9 million in 2032.

rising prevalence of chronic diseases is expected to drive the growth of the surgical retractors market during the forecast period. Chronic conditions include cardiovascular illnesses where surgery is essential. The increasing incidence of chronic diseases will increase the requirement for surgical intervention, which will increase demand for surgical retractors. For example, according to Meersens, a France-based software company, each year, more than 70% of deaths are due to chronic diseases. Further, according to the World Health Organization, cardiovascular diseases account for most NCD (Non-Communicable Diseases) deaths, or 17.9 million people annually.

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Self-retaining retractors are gaining popularity in the surgical retractors market. Self-retaining retractors are used to hold back underlying organs and tissues during surgery to access the body parts under incision, with no need for manual force to keep these retractors open. These retractors are used to separate the edges of a surgical incision/wound. For example, in December 2022, JUNE Medical Group, a UK-based medical device company, partnered with IMedCare, an Australia-based supplier and distributor of medical devices, to bring its Galaxy II self-retaining retractor to surgeons in Australia.

The top opportunities in the surgical retractors market segmented by type will arise in the handheld segment, which will gain $467.4 million of global annual sales by 2027. The top opportunities in the surgical retractors market segmented by application will arise in the abdominal surgery segment, which will gain $231.3 million of global annual sales by 2027. The top opportunities in the surgical retractors market segmented by end user will arise in the hospitals segment, which will gain $540.0 million of global annual sales by 2027. The surgical retractors market size will gain the most in USA at $325.9 million.

Surgical Retractors Market Segmentation:
The surgical retractors market is segmented by type, by application, and by end-user.

By Type-
a) Handheld
b) Self-Retaining

By Application-
a) Neurosurgery
b) Abdominal Surgery
c) Cardiovascular
d) Orthopedic
e) Obstetrics And Gynecology
f) Other Applications

By End-User-
a) Hospitals
b) Ambulatory Surgical Centers
c) Other End Users

Major players in the surgical retractors market include Becton, Dickinson and Company (BD), Henry Schein, B. Braun Melsungen AG, Medtronic plc, Johnson & Johnson.

The regions covered in the global surgical retractors market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Surgical Retractors Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Surgical Retractors Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…………
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Surgical Retractors Market, Conclusions And Recommendations
23. Appendix

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