Surgical Retractors : Market Growth Insight, Share, Size, Major Players, Segmentations , Market Developments and Regional Study Forecast by 2031

According to the latest research by InsightAce Analytic, The surgical retractor market is estimated to be worth USD 1.98 billion in 2023. It is expected to grow to USD 3.34 billion by 2031, with a compound annual growth rate (CAGR) of 6.93% during the forecast period of 2024-2031.

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Surgical retractors are the primary tool employed by the surgeon to enhance visibility and access to the exposed area during surgical operations. Additionally, they are used to separate and secure the margins of surgical incisions or wounds. Surgical retractors are available in various shapes, sizes, and specifications to meet the needs of the surgery. The two primary varieties of surgical retractors are self-retained and handheld.

The global surgical retractor market is primarily driven by the increasing demand for application-specific surgical products, advancements in medical technologies, improved medical insurance policies, and the growing number of surgical procedures worldwide. Additionally, the growth of the market is expected to be driven by the increasing number of hip and knee replacement surgeries, accidents, trauma, and cardiac surgeries during the forecast period. For example, the World Health Organization's 2018 road safety report indicates that approximately 1.3 million individuals yearly succumb to traffic accidents. However, the adoption of surgical retractors is anticipated to be impeded by a lack of competent professionals in rural areas, stringent government regulatory policies, poor reimbursement facilities for surgical procedures, and the high cost of products during the forecast years.

The second-largest segment of this market is estimated to be Europe, owing to the growing number of procedures and the development of advanced medical infrastructure. Furthermore, the Asia-Pacific region is expected to experience the most rapid market growth during the forecast period. This is attributed to the region's ageing population, the escalating prevalence of cardiovascular diseases, and the escalating healthcare expenditure and R&D investments to enhance surgical technologies.

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Major market players operating in the surgical retractors market include

• Mediflex Surgical Products
• Applied Medical Technology, Inc
• Changzhou Haiers Medical Devices Co., Ltd.
• Titan Instruments
• Ackermann Instrumente
• AIIM
• Alphatec Spine
• Applied Medical Resources Corporation
• Thompson Surgical
• Ansabere Surgical SL
• Innomed, Inc.
• Stryker Corporation
• ARCA-MEDICA
• Arthrex
• Chamfond Biotech
• Condor MedTec GmbH
• LiNA Medical ApS
• Vivo Surgical Private Limited
• Medtronic Plc
• Becton, Dickinson and Company
• Medical Devices Business Services, Inc.
• Teleflex Incorporated
• Medline Industries, Inc
• Braun Melsungen AG (Aesculap, Inc.)
• BVI
• CooperSurgical Inc.
• Dewimed Medizintechnik
• DTR Medical
• GIMMI

Key developments in the market:
• In May 2021, OBP announced the launch of a new spin-off company called OBP Surgical Corporation, which will continue to reinvent the everyday tools that surgeons rely on by integrating single-use LED lighting technology into unique intracavity cordless devices. The announcement comes at the same time that CooperSurgical, Inc acquires OBP Medical Corporation. The intracavity lighting and surgical retractor market are growing exponentially. The shift to a distinctly surgical profile enables the new company to maximize focus and flexibility to
meet unique market needs and deliver profitable growth.

• In April 2021, Alphatec Holdings Inc. introduced two new ways to improve the ATEC transforaminal lumbar interbody fusion (TLIF) procedure. The Sigma Access System and the Invictus Modular Pedicle Screw are new technologies that work together with the SafeOp Neural InformatiX system, the SingleStep implant delivery system, and the Identity TLIF implants to make a complete, smartly designed TLIF procedure.

• In December 2020, June Medical (UK) introduced the Galaxy II LUX, a self-retaining ring retractor with illumination, to enhance the visibility of surgical sites for surgeons. A specially designed clip is used to affix the in vivo LED gadget KLAROTM to the Galaxy II LUX retractor, enabling the light source to be used in conjunction with the retractor. The advantages of using overhead illumination have been eradicated, and a revolutionary solution has been developed to provide surgeons with improved access and a more comprehensive view of the surgery site.

• In October 2020, Stryker announced that the Niagara Lateral Access System, which had been utilized in 600 surgeries, would be incorporated into its line of lateral spine products. With the inclusion of Niagara, Stryker now offers a comprehensive selection of minimally invasive lateral solutions for the treatment of spinal deformities in patients with fully developed bones.

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Global Surgical Retractors Market, by Products
• Orthopedic Retractor
• Rectal Retractor
• Thoracic Retractor
• Finger Retractor
• Abdominal Retractor
• Nerve Retractor
• Ribbon Retractor
• Other Products

Global Surgical Retractors Market, by Applications
• Reconstructive Surgery
• Obstetrics and Gynecology (Ob/Gyn)
• Cardiovascular
• Orthopedic
• Neurosurgery
• Wound Closure
• Other Applications

Global Surgical Retractors Market, by Types
• Self-retaining
• Handheld

Global Surgical Retractors Market, by End-Users
• Hospitals
• Ambulatory Surgical Centers
• Clinics

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Global Surgical Retractors Market, by Region,
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Surgical Retractors Market

• U.S.
• Canada

Europe Surgical Retractors Market, by Country
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Surgical Retractors Market, by Country
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Surgical Retractors Market, by Country
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Surgical Retractors Market, by Country
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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