New York, NY, March 12, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Surgical Retractors Market by Product Type (Self-Retaining, Wire, Handheld, and Table-Mounted), by Application (Cardiothoracic, OB/GYN, Abdominal, Orthopedic, and Aesthetic), and by End-User (Specialized Clinics, Ambulatory Surgical Centers, and Hospitals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global surgical retractors market was valued at approximately USD 1,802 million in 2018 and is expected to generate around USD 2,991 million by 2025, at a CAGR of around 7.5 % between 2019 and 2025.
Surgical retractors are specially designed devices that are used for efficiently performing surgical procedures to hold the incision, tissues, and organs and provide a clear view to the surgeon. These devices are either used manually or robotically and are available in different shapes and sizes. For each surgery type, different retractors are used based on the requirements of the surgeon and surgical procedure. These retractors are made of stainless steel and can be both disposable and non-disposable in nature. For instance, abdominal retractors are used for abdominal surgeries, whereas thoracic retractors are used for thoracic surgeries. In special cases, surgical retractors are fitted with a suction pump and fiber optic light to keep the surgical area dry and illuminated for the surgeon during the surgery.
Browse through 54 Tables & 25 Figures spread over 110 Pages and in-depth TOC on “Global Surgical Retractor Market Size 2018: Industry Share, Trends, Growth, Applications, Analysis and Forecast to 2025”.
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Surgical retractors market is mainly driven by the increasing number of surgical procedures in the future. There is a constant increase in the prevalence of chronic disorders, which is leading to increased surgical procedures for treating cardiovascular disorders, cancer, etc. Furthermore, the growing geriatric population base and an increasing number of transplant procedures are also expected to support the surgical retractors market globally over the estimated timeframe. Moreover, the increasing road accidents and trauma cases are also expected to promote the surgical retractors market over the forecast timeframe. However, strict regulatory approval process and unfavorable reimbursement scenario may inhibit the surgical retractors market in the future.
The global surgical retractors market is classified into product type, application, and end-user. Based on product type, the market is segmented into self-retaining, wire, handheld, and table-mounted. The table-mounted segment is projected to grow rapidly over the forecast timeline. By application, the market includes cardiothoracic, OB/GYN, abdominal, orthopedic, and aesthetic. The abdominal segment is likely to grow significantly over the forecast time period. Based on end-user, the market is segmented into specialized clinics, ambulatory surgical centers, and hospitals. Ambulatory surgical centers are expected to grow rapidly in the estimated period.
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North America is slated to dominate the global surgical retractors market over the forecast time period, as it is the largest consumers of surgical retractors. The regional demand for surgical retractors is due to the growing prevalence of chronic disease, rising number of surgeries, constantly increasing organ transplant procedures, and growing efforts to improve healthcare infrastructure. Furthermore, the presence of developed countries, such as the U.S. and Canada, is also expected to promote the surgical retractors market in North America over the estimated timeframe.
Europe is expected to be the second largest region in the global surgical retractors market due to the presence of advanced healthcare infrastructure and substantial technological advancements in the healthcare industry. The increase in the number of plastic surgeries and favorable regulatory policies are expected to further promote the European surgical retractors market in the years ahead.
Browse the full “Surgical Retractors Market by Product Type (Self-Retaining, Wire, Handheld, and Table-Mounted), by Application (Cardiothoracic, OB/GYN, Abdominal, Orthopedic, and Aesthetic), and by End-User (Specialized Clinics, Ambulatory Surgical Centers, and Hospitals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/surgical-retractor-market
The Asia Pacific is likely to emerge as the fastest growing region in the future, due to the presence of developing economies, such as India and China along with a large consumer base and a growing number of healthcare facilities. The increasing cases of chronic disorders lead to an increase in the number of surgical procedures and flourishing medical tourism will further drive this regional market. Moreover, a robust healthcare infrastructure is expected to promote the growth of the Asia Pacific surgical retractors market over the forecast time period.
Latin American and the Middle Eastern and African markets are expected to develop moderately in the future, due to the improvements witnessed in the healthcare facilities and development of advanced healthcare infrastructure.
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Some key players of the global surgical retractors market are Johnson & Johnson, Invuity, Inc., Medtronic, Terumo Corporation, The Cooper Companies, Inc., Henry Schein, Inc., B. Braun Melsungen AG, Stryker Corporation, RTI Surgical, Inc., Arthrex, Inc., Integra Lifesciences Holdings Corporation, Teleflex Incorporated, Globus Medical, Inc., Becton, Dickinson, and Company, and Medline Industries, Inc.
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This report segments the global surgical retractors market into:
Global Surgical Retractors Market: Product Analysis
- Self-Retaining
- Wire
- Handheld
- Table-Mounted
Global Surgical Retractors Market: Application Analysis
- Cardiothoracic
- OB/GYN
- Abdominal
- Orthopedic
- Aesthetic
Global Surgical Retractors Market: End-User Analysis
- Specialized Clinics
- Ambulatory Surgical Centers
- Hospitals
Global Surgical Retractors Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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