Surgical Retractors Market, by Type (Handheld and Self-retaining), by Product (Abdominal Retractor, Finger Retractor, Nerve Retractor, Orthopedic Retractor, Rectal Retractor, Thoracic retractor, Ribbon Retractor, and Others), by Application (Neurosurgery, Wound Closure, Reconstructive Surgery, Cardiovascular, Orthopedic, Obstetrics and Gynecology (Ob/Gyn), and Others), by End User (Hospitals, Ambulatory Surgical Centers, and Clinics), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Published In : Sep 2021

Code : CMI4658

Pages :176

Formats :

Excel and PDF

Industry : Medical Devices

Surgical Retractors MarketSize and Trends

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).

Figure 1: Global Surgical Retractors Market Share, (%), Analysis, By Type, 2021

Market players are indulged in inorganic activities such as partnerships, in order to expand their product portfolio, which is expected to drive the growth of the global surgical retractors market, over the forecast period.

Increasing inorganic activities such as partnerships is expected to increase the growth of the market over the forecast period. For instance, in 2020, JUNE MEDICAL entered into partnership with Vivo Surgical, in order to launch the Galaxy II LUX self-retaining ring retractor with light. The device is manufactured by combining both the features of JUNE MEDICAL’s Galaxy II retractor with Vivo Surgical’s KLARO light that is been mounted on the retractor via a purpose-designed clip. The advantage of this retractor is that, it provides surgeons better access and a clearer view of the surgical site, and thus eliminating the disadvantages of using overhead lighting or personal head torches.

Increasing number of surgical procedures is expected to increase the growth of the global surgical retractors market over the forecast period.

The increasing number of surgical procedures is expected to aid in the growth of the market over the forecast period. Surgical procedures are medical interventions involving an incision with instruments usually performed in an operating theatre and normally involving anesthesia and/or respiratory assistance. There are different types of surgical procedures such as: caesarean sections, cataract surgery, breast biopsy, bariatric surgery, and others.

Moreover, according to the World Cancer Journal: 2020, the following graph shows the prevalence of various cancers in both the sexes worldwide. Therefore, increasing prevalence of cancer among the global population is expected to increase the number of surgeries performed, which in turn is expected to boost the growth of the market over the forecast period.