The global surgical retractors market size is expected to reach USD 1.81 billion by 2025, according to a new report by Grand View Research, Inc., registering a 3.2% CAGR over the forecast period. The market is primarily driven by unprecedented upsurge in surgical volume over the past few years. According to data published by WHO, the global surgical volume was estimated at 312.9 million in 2012 from 226.4 million in 2004. The statistics also showed that the mean global surgical rate is approximately 4,469 surgeries per 100,000 population per year. These numbers exemplify the widening scope of surgery and adoption of retractors.
Increase
in number of cesarean surgeries has fueled demand for C-section retractors. As
per the American Medical Association, adoption rate of cesarean surgeries is
around 19.0% globally. Technological developments, such as automation in
surgical instruments, are improving minimally invasive surgeries, thus creating
high growth potential for the market. For instance, advent of atraumatic
laparoscopic retractors and 3D retractors has ensured greater safety during
surgeries and reduced post-operative complications.
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Surgical Retractors
Market Report Highlights
- By type, hand-held
retractors accounted for the largest share in 2017 as a result of
advantages such as low cost of product handling, storage, and maintenance.
Self-retaining retractors are predicted to exhibit lucrative growth owing
to greater convenience associated with them
- On the basis of product,
orthopedic retractors held a considerable share in 2017 owing to
increasing incidence of orthopedic disorders in bariatric and geriatric
patients
- Obstetrics and gynecology
dominated the market based on application owing to upsurge in number of
C-section surgeries and gynecological preventive examinations globally
- In 2017, North America held
a substantial market share owing to growing prevalence of chronic diseases
and presence of highly advanced medical infrastructure. Adoption of technologically
advanced products is also presenting high growth prospects
- The market in Asia Pacific
is anticipated to witness significant growth owing to improving healthcare
systems, rising healthcare expenditure, and growing awareness
- Key companies include
Teleflex, Johnson & Johnson, B.Braun, Medtronic, Thompson Surgical,
and Becton, Dickinson and Company
- The market is highly
competitive with key participants consistently deploying strategies such
as mergers and acquisitions to gain competitive advantage. For instance,
in April 2017, Teleflex acquired Pyng Medical to gain a leadership
position and expand its product portfolio.
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Surgical Retractors
Market Segmentation
Grand View Research has segmented
the global surgical retractors market on the basis of type, product,
application, end use, and region:
Surgical Retractors
Type Outlook (Revenue, USD Million, 2014 - 2025)
- Hand-held
- Self-retaining
Surgical Retractors
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Abdominal
- Finger
- Nerve
- Orthopedic
- Rectal
- Thoracic
- Ribbon
- Others
Surgical Retractors
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Neurosurgery
- Wound Closure
- Reconstructive Surgery
- Cardiovascular
- Orthopedic
- Obstetrics & Gynecology
- Others
Surgical Retractors
End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals
- Ambulatory Surgical Centers
- Others
Surgical Retractors
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
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