Press release
Surgical Retractors Market Top Companies Study - Medtronic Plc, Becton, Dickinson and Company, Medical Devices Business Services, Inc., Teleflex Incorporated.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Surgical Retractors Market By Product (Abdominal Retractor, Finger Retractor, Nerve Retractor, Orthopedic Retractor, Rectal Retractor, Thoracic Retractor, Ribbon Retractor, And Others), Applications (Neurosurgery, Wound Closure, Reconstructive Surgery, Cardiovascular, Orthopedic, Obstetrics And Gynecology (Ob/Gyn), And Others), Types (Handheld And Self-Retaining), End-User (Hospitals, Ambulatory Surgical Centers, And Clinics) - Industry Analysis, Revenue and Volume Forecast 2024-2031"According to the latest research by InsightAce Analytic, the global surgical retractors market is valued at USD 1.98 Billion in 2023, and it is expected to reach 3.34 Billion by the year 2031, with a 6.93% CAGR during a forecast period of 2024-2031
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Surgical retractors are essential medical instruments used by surgeons to enhance visibility and facilitate access to the surgical field by holding back tissues or organs. These devices also play a critical role in maintaining the separation of wound or incision edges throughout surgical procedures. Available in a wide range of shapes, sizes, and specifications, surgical retractors are designed to meet the specific needs of various surgical specialties. They are generally classified into two main categories: handheld retractors and self-retaining retractors.
The global surgical retractors market is witnessing steady growth, driven by several key factors. These include a rising number of surgical procedures performed globally, increasing demand for specialized surgical tools, continuous advancements in medical technology, and broader access to health insurance coverage. Additionally, the growing incidence of orthopedic procedures-such as hip and knee replacements-alongside a rise in trauma cases and cardiovascular surgeries, is further accelerating market expansion. For example, the World Health Organization's 2018 Global Status Report on Road Safety reported approximately 1.3 million fatalities annually from road traffic accidents, underscoring the increasing need for trauma-related surgical interventions.
Despite the favorable growth outlook, the market faces several challenges. These include the high cost of surgical retractor systems, a shortage of trained healthcare personnel in underserved and rural areas, stringent regulatory approval processes, and limited reimbursement frameworks for certain surgical procedures. These factors are likely to impede market adoption to some extent.
Regionally, Europe is anticipated to maintain its position as the second-largest market, supported by a high volume of surgical procedures and well-developed healthcare infrastructure. In contrast, the Asia-Pacific region is projected to register the highest growth rate during the forecast period, driven by an aging population, the increasing prevalence of cardiovascular diseases, rising healthcare expenditures, and increased investments in research and development focused on surgical innovations.
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Major market players operating in the surgical retractors market include Medtronic Plc, Becton, Dickinson and Company (BD), Medical Devices Business Services, Inc., Teleflex Incorporated, Medline Industries, Inc, Braun Melsungen AG (Aesculap, Inc.), Applied Medical, Resources Corporation, Thompson Surgical, Ansabere Surgical SL, Innomed, Inc., LiNA Medical ApS, Vivo Surgical Private Limited, BVI, CooperSurgical Inc., Stryker Corporation, Mediflex Surgical Products, Applied Medical Technology, Inc, Changzhou Haiers Medical Devices Co., Ltd., Titan Instruments , Ackermann Instrumente , AIIM, Alphatec Spine , ARCA-MEDICA, Arthrex, Chamfond Biotech, Condor MedTec GmbH, Dewimed Medizintechnik, DTR Medical , GIMMI , Globus Medical, HankilTech Medical, Holtex , HUIDAMED, jac-cell Medic, K2M , Kirwan Surgical Products , Laschal Surgical, Inc., Life Spine, Medicta Instruments, Mediflex Surgical Products, MESTRA Talleres Mestraitua, S.L., Microcure Medical, Mopec Europe, Moria Surgical, Precision Spine , Sklar Instruments , SOFEMED International , Spineology , SURTEX INSTRUMENTS LTD , SybronEndo , Synergetics , TeDan Surgical Innovations , Transact International , Wallach Surgical Devices, and Others.
Key developments in the market:
• 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, smartly designed TLIF procedure.
• 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 December 2020, Galaxy II LUX, a self-retaining ring retractor with light, was introduced by June Medical (UK) to let surgeons see their surgical sites more clearly. In vivo LED gadget KLAROTM is attached to the Galaxy II LUX retractor using a specially developed clip, allowing the light source to be used in conjunction with the retractor. The advantages of employing overhead illumination have been eliminated, and a breakthrough solution has been provided for surgeons, allowing them better access and a better view of the surgery site.
• In Oct 2020, Stryker announced that the Niagara Lateral Access System, which had been used in 600 surgeries, would be added to its line of lateral spine products. With the addition of Niagara, Stryker now has a full line of minimally invasive lateral solutions for treating spinal deformities in patients with fully developed bones.
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Market Segments
Global Surgical Retractors Market, by Products, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Abdominal Retractor
• Finger Retractor
• Nerve Retractor
• Orthopedic Retractor
• Rectal Retractor
• Thoracic Retractor
• Ribbon Retractor
• Other Products
Global Surgical Retractors Market, by Applications, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Neurosurgery
• Wound Closure
• Reconstructive Surgery
• Cardiovascular
• Orthopedic
• Obstetrics and Gynecology (Ob/Gyn)
• Other Applications
Global Surgical Retractors Market, by Types, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Handheld
• Self-retaining
Global Surgical Retractors Market, by End-Users, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Hospitals
• Ambulatory Surgical Centers
• Clinics
Global Surgical Retractors Market, by Region, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Surgical Retractors Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• U.S.
• Canada
Europe Surgical Retractors Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Surgical Retractors Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Surgical Retractors Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Surgical Retractors Market, by Country, 2022-2030 Value (US$ Mn) and Volume (No. of Units)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
• To receive a comprehensive analysis of the prospects for the global surgical retractors market
• To receive an industry overview and future trends in the surgical retractors market
• To analyze the surgical retractors market drivers and challenges
• To get information on the surgical retractors market size Value (US$ Mn) and Volume (No. of Units) & forecast to 2030
• To get information on investments, mergers & acquisitions in the surgical retractors market industry
Read Overview Report- https://www.insightaceanalytic.com/report/global-surgical-retractors-market/1349
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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