Pannus Retraction Device Market Trends and Opportunities with Forecast up to 2025
Rise in adoption of latest products that reduce the surgery time as well as the pre-operative preparations, growing patient inclination toward the usage of products that ease the discomfort and minimize the risk of surgical site infections, and improved technology relaxing the process of surgery are some of the drivers anticipated to boost the global Pannus Retraction Devices Market during the forecast period. However, usage of inexpensive traditional tapes for retraction of pannus in rural areas along with lack of proper health care infrastructure including skilled workforce are projected to restrain the growth of the global pannus retraction devices market during the forecast period.
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Nonetheless, increase in educational initiatives with an objective of teach nurses and physicians the appropriate usage of the new pannus retraction devices along with a rise in the standard of living of people demanding comfortable surgical set-up are expected to serve as a major opportunity for the global pannus retraction devices market during the forecast period, especially in the relatively untapped developing countries.
The global pannus retraction devices market can be classified based on usage type, product type, application, end-user, and region. On the basis of usage type, the global pannus retraction devices market can be bifurcated into disposable retractors and re-usable retractors. In terms of product type, the global pannus retraction devices market can be divided into retractors, hooks and chains, forceps, surgical tapes and clamps, and others. Pannus retractors are essentially adhesive tapes used in holding the excess fat. Based on application, the global pannus retraction devices market can be segmented into gynecological surgeries, colorectal surgeries, laproscopic surgeries, orthopaedic surgeries, general surgeries, cosmetic surgeries, urological surgeries, and others. In terms of end-user, the global pannus retraction devices market can be categorized into hospitals, specialty clinics, ambulatory surgical centers, and others.
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Based on geography, the global pannus retraction devices market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to constitute a major share of the global pannus retraction devices market in terms of revenue during the forecast period. The U.S. is listed as the top ranking country in case of obesity. Large population base along with robust distribution network of established market players are estimated to fuel the pannus retraction devices market in North America during the forecast period. The pannus retraction devices market in Asia Pacific is projected to register a comparatively high CAGR during the forecast period, in terms of value, owing to developing health care infrastructure, rising disposable income of the urban population, and higher birth rate in the region.
Key players operating in the global pannus retraction devices market are Merit Medical Systems, Inc., Stetrix, Inc., Applied Medical Resources Corporation, EQT AB (Clinical Innovations, LLC.), GSquared Medical, TZ Medical, Inc, and others.
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