Press Releases

Surgical Retractors Market Report Forecast by Industry Outlook, Capital Investment, Opportunities and Trends 2022-2030

Share This Article

Rise in Invasive and Minimally Invasive Surgeries Worldwide to Boost Market Growth

Surgical retractors are primarily used to segregate the edges of a wound or a surgical incision to ensure that underlying organs and tissues remain untouched. At present, different types of surgical retractors, including hand retractors, self-retaining retractors, and table-mounted retractors are some of the most utilized surgical retractors. Advancements in technology and science coupled with improvement in the overall living standards of individuals have played a key role in influencing the quality of medical care and the development of various surgical instruments. The demand for minimally invasive surgery continues to expand at a rapid pace around the world due to which, progress minimally invasive surgery techniques are evolving.

Get the sample copy of report@ https://qyresearchmedical.com/sample/111649

Several participants involved in the current surgical retractors are primarily focusing on optimizing the quality and performance of their surgical retractors to expand their market share. Advancements in robotic technology have led to the development of retractor assistant devices. In addition, surgical retractors market players are also exploring the potential of different metals to produce surgical retractors and improve the quality of diagnostic care. In addition, several medical equipment manufacturers are expanding their product portfolio to strengthen their foothold in the current market landscape. At the back of these factors, the global surgical retractors market is expected to reach ~US$ 3.1 Bn by the end of 2030.

Market Players Inclined Toward Manufacturing Surgical Retractors with Special Metals

The medical technology has evolved at a rapid pace over the past couple of decades. The progress in the medical sector can be largely attributed to the advent of sophisticated metals and alloys that are increasingly being used in external and internal medical applications. The entry of advanced and special metals has led to the development of high-quality medical instruments, including surgical retractors. Research and development activities continue to explore the potential benefits of different metals to produce medical instruments.

Stainless steel is expected to remain one of the most popular materials for the production of an array of medical and surgical instruments, due to its lightweight and exceptional properties that are compatible with the human body. However, in recent years, titanium has emerged as an important metal that increasingly being used to manufacture surgical instruments, including forceps, drills, scissors, and surgical retractors. The growing adoption of titanium to manufacture surgical retractors is expected to provide a boost to the surgical retractors market during the assessment period.

While titanium and stainless steel surgical retractors are likely to have a high market share, players operating in the current surgical retractors market are also exploring the benefits of other special metals, including niobium and tantalum.

Market Participants Focus on Expanding Product Portfolio to Gain Advantage

Over the past decade, several key companies involved in the surgical retractors market are increasingly focusing on launching new variants of surgical retractors and expanding their product portfolio to strengthen their foothold in the market. While the focus on research and development pertaining to the physical design and materials utilized to manufacture surgical retractors is in full swing, market participants are deploying new manufacturing technologies to launch high-quality surgical retractors.

Get a glimpse of the in-depth analysis through our Report Brochure

For instance, in May 2019, OBP, one of the leading manufacturers of self-contained and single-use medical devices announced the launch of ONETRAC LX – a newly developed single-use cordless surgical retractor that is equipped with a multi-LED light source and dual smoke evacuation channels. The newly developed surgical retractor offers optimum smoke clearance capabilities to nurses and operating surgeons.

View full report@ https://qyresearchmedical.com/report/surgical-retractors-market-product-type-hand-held-retractors-self-retaining-retractors-table-mounted-retractors-and-others-application-abdominal-surgeries-cardiothoracic-surgeries-orthopedic-surgeries-obst-020-2030/111649

Similarly, in January 2018, QSpine, a medical device manufacturers in the U.K. announced the launch of SURE Single Use Retractor– a single-use surgical retractor that provides optimum operating conditions at the surgical site.

Demand for Surgical Retractors Likely to Remain Steady amid COVID-19 Pandemic

The onset of the novel COVID-19 pandemic is expected to have a short-term impact on the global surgical retractor market. Several countries have imposed stringent lockdown measures and restrictions on transportation and cross-border trade due to which, surgical retractors market players are expected to address bottlenecks across the supply chain. However, as medical services and devices are listed under essential goods, the production of surgical retractors is anticipated to remain unaffected in several regions of the world.

Despite large-scale emphasis being given to the treatment of COVID-19 patients, the demand for medical devices and medication required to treat other medical conditions continues to grow due to which, the surgical retractors market is expected to witness steady growth. Product diversification is projected to remain the key during the ongoing COVID-19 pandemic and thus, market players are expected to assess and identify various pockets of opportunities to generate revenue.

Analysts’ Viewpoint

The global surgical retractors market is expected to expand at a CAGR of ~5% during the forecast period. The market growth is largely driven by research & development activities, technological advancements in the manufacturing techniques, entry of new metals and materials, expanding healthcare ecosystem worldwide, and rise in the number of invasive as well as minimally invasive surgeries worldwide. Market players should ideally focus on expanding their product portfolio and improve the quality of their products to gain an advantage in the current market landscape.

Surgical Retractors Market: Overview

Surgical retractors help surgeons and operating room professionals to hold an incision or wound open during surgical procedures. These instruments aid in holding back underlying organs or tissues, allowing doctors/nurses better visibility and access to the exposed area.

Hand-held retractor is the most commonly used surgical device. Generally, hand-held retractors are composed of a blade that may be flat, curved, or hook-like with a broad handle to be held by hand.

Purchase Complete Report Now@ https://qyresearchmedical.com/report/checkout/111649/2900

The global surgical retractors market has experienced significant growth in the last decade due to factors such as rise in the number of surgical procedures and increase in global geriatric population

Different types of surgical retractors are used in surgical procedures, including hand-held retractors, self-retaining retractors, and table-mounted retractors

Surgical Retractors: Market Drivers

Rise in the number of surgeries drives demand for surgical retractors. According to the CDC, 32% of all live births in the U.S. were cesarean deliveries. Cesarean section is one of the most common procedures performed in the European Union (EU). This procedure is performed 1.4 million times in Europe each year. Globally, 21% of babies are born via C-section and around 32.7% of babies in Australia are born via C-section. Increase in the number of injury cases is also one of the factors attributed to the growth of the global surgical retractors market during the forecast period.

Leading players focus on developing new innovative surgical retractors for surgical procedures. Technological advancements is another factor fueling the growth of the global surgical retractors market. Such advancements in medical devices and equipment have transformed operative procedures in the last few decades. Introduction of devices such as illuminated, single-use, laparoscopic retractors is a key example. Manufacturers such as Symmetry Surgical provide surgical retractors according to various types of surgical procedure such as abdominal, cardiovascular, neurology, orthopedics, and others.

Market Segmentation: Surgical Retractors Market

In terms of product type, the global surgical retractors market has been categorized into hand-held retractors, self-retaining retractors, table-mounted retractors, and others

Based on application, the global surgical retractors market has been classified into abdominal surgeries, cardiothoracic surgeries, orthopedic surgeries, obstetric & gynecological surgeries, and others

In terms of end user, the global surgical retractors market has been divided into hospitals, ambulatory surgical centers, and others

Each of the segments has been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The report provides current and future revenue (US$ Mn) for each of these segments from 2018 to 2030, considering 2019 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2020 to 2030, along with market size estimations.

Regional Overview: Surgical Retractors Market

In terms of region, the global surgical retractors market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.

The current and future market value in terms of revenue (US$ Mn) of these regional markets and major countries have been provided in the report from 2018 to 2030, along with their CAGRs from 2020 to 2030

The study also offers a list of recommendations, highlights, and useful insights of the market, which would help new companies willing to enter the market and existing companies to increase market shares and help in the decision-making process

Major Players

The report concludes with the company profiles section, which includes key information about major players in the market

Leading players analyzed in the report include 

  • Medtronic plc
  • Stryker
  • Terumo Corporation
  • Integra LifeSciences
  • Ethicon (Johnson & Johnson Services, Inc.)
  • BD
  • Teleflex Incorporated
  • B. Braun Melsungen AG
  • Invuity, Inc.
  • Medline Industries, Inc.

Each of these players has been profiled in the report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments

Key Questions Answered in Surgical Retractors Market Report

  • What is the sales/revenue generated by surgical retractors across all regions during the forecast period?
  • What are the opportunities in the global surgical retractors market?
  • What are the major drivers, restraints, opportunities, and threats in the global market?
  • Which regional market is set to expand at the fastest CAGR during the forecast period?
  • Which product type segment is expected to generate the highest revenue globally in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?

Surgical Retractors Market – Segmentation

Product Type

  • Hand-held Retractors
  • Self-retaining Retractors
  • Table-mounted Retractors
  • Others

Application

  • Abdominal Surgeries
  • Cardiothoracic Surgeries
  • Orthopedic Surgeries
  • Obstetric & Gynecological Surgeries
  • Others

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Report Scope and Market Segmentation

1.2. Research Highlights

2. Assumptions and Research Methodology

2.1. Assumptions

2.2. Research Methodology

3. Executive Summary

3.1. Global Surgical Retractors Market Snapshot

4. Market Overview

4.1. Product Overview

4.2. Key Industry Events

4.3. Market Dynamics

4.4. Drivers and Restraints Snapshot Analysis

4.4.1. Drivers

4.4.2. Restraints

4.4.3. Opportunities

4.4.4. Key Trends

4.5. Global Surgical Retractors Market Revenue Projection

4.6. Global Surgical Retractors Market Outlook

5. Market Outlook

5.1. Key Mergers & Acquisitions

5.2. Number of Surgical Procedure: Stats

5.3. COVID-19 Pandemics Impact on Industry (Value Chain and Short / Mid / Long Term Impact)

6. Global Surgical Retractors Market Analysis, by Product Type

6.1. Introduction

6.2. Global Surgical Retractors Market Value Share and Attractiveness Analysis, by Product Type

6.3. Global Surgical Retractors Market Forecast, by Product Type

6.3.1. Hand-held Retractors

6.3.2. Self-retaining Retractors

6.3.3. Table-mounted Retractors

6.3.4. Others

6.4. Global Surgical Retractors Market Analysis, by Product Type

7. Global Surgical Retractors Market Analysis, by Application

7.1. Introduction

7.2. Global Surgical Retractors Market Value Share and Attractiveness Analysis, by Application

7.3. Global Surgical Retractors Market Forecast, by Application

7.3.1. Abdominal Surgeries

7.3.2. Cardiothoracic Surgeries

7.3.3. Orthopedic Surgeries

7.3.4. Obstetric & Gynecological Surgeries

7.3.5. Others

7.4. Global Surgical Retractors Market Analysis, by Application

8. Global Surgical Retractors Market Analysis, by End-user

……

Purchase Complete Report Now@ https://qyresearchmedical.com/report/checkout/111649/2900

You can place an order or ask any questions, please feel free to contact sales@qyresearchmedical.com | +1 9197 992 333

About Us

QYResearch Medical, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base & seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in industries of healthcare services, medical technology & devices, etc.), professional survey team (the team members obtained more than 3 years market survey experience and more than 2 years deep expert interview experience), and excellent data analysis team (SPSS statistics and PPT graphics process team).

QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover China, US, EU, Asia, Middle East and Africa, South America, Australia, and other regions in the world.

For Latest Update Follow Us:

https://www.linkedin.com/company/qyresearch-medical/

https://www.facebook.com/QYResearch-Medical-108186514228917/

https://twitter.com/qyresearchmedi

Related Articles

Check Also
Close
Back to top button