The Surgical Retractors Market Size was valued at USD 2.03 billion in 2023, and is expected to reach USD 3.54 billion by 2031, and grow at a CAGR of 6.8% over the forecast period 2024-2031.
An equipment used in medicine called a surgical retractor is utilized during surgical procedures. During the procedure, the device is utilized to retain an incision's edges so that it stays open. In order to keep the sutures close to the surgical region, the device is also utilized to draw them back. Additionally, surgical retractors are utilized to facilitate access and improve vision to an exposed area, which helps with performing the surgical process.
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The operating process has changed over time due to improvements in surgical technology. The market for surgical retractors is driven by innovations that help surgical choices adapt. But within the projected forecasting period of time, it is anticipated that the market's expansion will be constrained by the rigorous government policies, low reimbursement situation, and shortage of competent specialists in the developing economies.
DRIVERS
More surgeries are being performed internationally.
Chronic disease prevalence is increasing, and the number of elderly people is growing significantly.
Access to specialist retraction products
Increasing demand for cosmetic and reconstructive procedures
RESTRAINTS
More people choosing to get minimally invasive operations
OPPORTUNITIES
Developing market prospects with high growth
Outpatient surgery usage is growing
CHALLENGES
Surgical blunders
Lacking in surgeons
In response to the COVID-19 pandemic surge, numerous hospitals and departments had their patient profiles revised in order to better accommodate the increasing number of COVID-19 patients being admitted to hospitals. Additionally, the pandemic caused supply chain hiccups that had an impact on the world market for medical products. Global financial conditions, business operations, and crisis response strategies have all been negatively impacted by the pandemic. The spread of COVID-19, which resulted in lockdowns and travel restrictions, put a strain on the surgical instrument producers. Given that major economies were badly disrupted by the spread of COVID-19 infections, the production of medical devices like surgical retractors was greatly damaged.
After the pandemic, hospitals increased surgical procedures with better safety regulations, and surgery rates started to rise again. As a result, more surgeons started using surgical retractors.
By Product
The portable, self-retaining, table-mounted, wire, and retractor accessory segments make up the global market for surgical retractors. The market's largest share was held by the segment of handheld retractor products. This is mostly because more surgeries are being performed around the world and because there are reasonably priced hand-operated surgical retractors available.
By Usage
The surgical retractor market is divided into two categories: fluid swabbing and tissue handling and dissection. Due to the increased handling of tissues, organs, and ligaments close to the operative region brought on by the rising number of surgical procedures performed worldwide, the tissue handling and dissection segment has experienced the largest growth.
By Design
Markets for fixed/flat-frame, angled/curved-frame, and blade/elevated-tip surgical retractors are each a separate part of the overall market. The market segment with the largest predicted growth throughout the forecast period is blade/elevated-tip retractors. Blade/elevated-tip retractors, which provide better traction and a firmer hold, are mostly to blame for this.
By Application
The abdominal surgery, cardiothoracic surgery, orthopedic surgery, obstetric and gynecological surgery, urological surgery, aesthetic surgery, head, neck, and spinal surgery, as well as other procedures, segments of the surgical retractors market. During the projected period, the head, neck, and spinal sector is anticipated to develop at a faster rate. This can be linked to the rising prevalence of spinal illnesses worldwide, which has led to an increase in the number of surgical procedures carried out.
By End User
Hospitals, outpatient care facilities, surgical centers, and maternity and fertility clinics make up the different market segments for surgical retractors. Due to the rising use of ambulatory care settings for treatment due to the available cost-effective therapy, the ambulatory care centers category is anticipated to experience the largest growth throughout the projection period.
By Product
Handheld Retractors
Self-retaining Retractors
Table-mounted Retractors
Wire Retractors
Accessories
By Design
Fixed/Flat-Frame Retractors
Angled/Curved-Frame Retractors
Blade/Elevated-Tip Retractors
By Usage
Tissue Handling and Dissection
Fluid Swabbing
By Application
Abdominal Surgeries
Cardiothoracic Surgeries
Orthopedic Surgeries
Obstetric and Gynecological Surgeries
Urological Surgeries
Aesthetic Surgeries
Head, Neck, and Spinal Surgeries
By End User
Hospitals, Clinics, and Surgical Centers
Ambulatory Care Centers
Maternity and Fertility Centers
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Due to the widespread accessibility of surgical retractors, North America had the lion's share of the global market for surgical retractors and is predicted to keep doing so. Another significant factor driving the expansion of this market is the rise in the prevalence of numerous chronic illnesses that call for surgery to treat them. However, due to greater public awareness of the use of surgical retractors, Asia-Pacific is anticipated to grow at the quickest rate throughout the projection period. Additionally, the market expansion in developing nations like India, China, and Malaysia is fueled by the dynamic life sciences sector.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are Becton Dickinson and Company, Teleflex Incorporated, Johnson & Johnson, Henry Schein, Inc., B Braun Melsungen Ag, Medtronic Plc., The Cooper Companies, Inc., Integra Lifesciences Holdings Corporation, Terumo Corporation, Medline Industries, Inc. and Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 2.03 Billion |
| Market Size by 2031 | US$ 3.54 Billion |
| CAGR | CAGR of 6.8% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Handheld Retractors, Self-retaining Retractors, Table-mounted Retractors, Wire Retractors, Accessories) • By Design (Fixed/Flat-Frame Retractors, Angled/Curved-Frame Retractors, Blade/Elevated-Tip Retractors) • By Usage (Tissue Handling and Dissection, Fluid Swabbing) • By Application (Abdominal Surgeries, Cardiothoracic Surgeries, Orthopedic Surgeries, Obstetric and Gynecological Surgeries, Urological Surgeries, Aesthetic Surgeries, Head, Neck, and Spinal Surgeries) • By End User (Hospitals, Clinics, and Surgical Centers, Ambulatory Care Centers, Maternity and Fertility Centers) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Becton, Dickinson and Company, Teleflex Incorporated, Johnson & Johnson, Henry Schein, Inc., B Braun Melsungen Ag, Medtronic Plc., The Cooper Companies, Inc., Integra Lifesciences Holdings Corporation, Terumo Corporation, Medline Industries, Inc. |
| Key Drivers | • More surgeries are being performed internationally. • Chronic disease prevalence is increasing, and the number of elderly people is growing significantly. |
| RESTRAINTS | • More people choosing to get minimally invasive operations. |
Ans. Surgical Retractors Market Size was valued at USD 1.91 billion in 2022.
Ans. Developing market prospects with high growth, and Outpatient surgery usage is growing are the opportunities of the Surgical Retractors market
Ans. North America had the lion's share of the global market for surgical retractors and is predicted to keep doing so.
Ans. Manufacturer and service provider, research institutes, university and private libraries, suppliers and distributers.
Ans. Surgical Retractors market is divided in five segments and they are By Product, By Design, By Usage, By Application, and By End User
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Surgical Retractors Market Segmentation, By Product
8.1 Handheld Retractors
8.2 Self-retaining Retractors
8.3 Table-mounted Retractors
8.4 Wire Retractors
8.5 Accessories
9. Surgical Retractors Market Segmentation, By Design
9.1 Fixed/Flat-Frame Retractors
9.2 Angled/Curved-Frame Retractors
9.3 Blade/Elevated-Tip Retractors
10. Surgical Retractors Market Segmentation, By Usage
10.1 Tissue Handling and Dissection
10.2 Fluid Swabbing
11. Surgical Retractors Market Segmentation, By Application
11.1 Abdominal Surgeries
11.2 Cardiothoracic Surgeries
11.3 Orthopedic Surgeries
11.4 Obstetric and Gynecological Surgeries
11.5 Urological Surgeries
11.6 Aesthetic Surgeries
11.7 Head, Neck, and Spinal Surgeries
12. Surgical Retractors Market Segmentation, By End User
12.1 Hospitals, Clinics, and Surgical Centers
12.2 Ambulatory Care Centers
12.3 Maternity and Fertility Centers
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Becton
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Dickinson and Company
14.3 Teleflex Incorporated
14.4 Johnson & Johnson
14.5 Henry Schein, Inc.
14.6 B Braun Melsungen Ag
14.7 Medtronic Plc.
14.8 The Cooper Companies, Inc.
14.9Integra Lifesciences Holdings Corporation
14.10 Terumo Corporation
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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