Surgical Retractors Market Size, Share, Trends, and Forecast 2032

Surgical Retractors Industry Prospective:

The global Surgical Retractors market size accrued earnings worth approximately USD 2.11 Billion in 2023 and is predicted to gain revenue of about USD 3.70 Billion by 2032, is set to record a CAGR of nearly 6.43% over the period from 2024 to 2032.

The study includes the drivers and restraints of the surgical retractors market and the impact they have on-demand over the forecast period. Additionally, the report includes the study of opportunities available in the surgical retractors market on a global level.

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Surgical Retractors Market: Overview

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. Self-retaining retractors do not need to be held once inserted in the hooks and blades of retractors are separated via spring, worm gear, ratchet, and others. 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.

The major factor likely to promote the growth of the global surgical retractors market over the forecast time period is the increasing prevalence of chronic diseases, such as cardiovascular disease, cancer, etc. This has resulted in the rising demand for surgical procedures. As per the Center for Disease Control and Prevention Report 2017, cardiovascular disease resulted in 1 in every 4 deaths annually in the U.S.

Furthermore, growing geriatric population base and increasing number of transplant procedures are also expected to support the surgical retractors market globally over the estimated timeframe. As per the America Transplant Foundation report, around 6,000 organ donations take place annually which include part of liver, kidney, blood, bone marrow, etc. However, strict regulatory approval process and unfavorable reimbursement scenario may inhibit the surgical retractors market in the future.

In order to give the users of this report a comprehensive view of the surgical retractors market, we have included a competitive landscape and an analysis of Porter’s five forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, R&D, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolios of various companies according to regions.

Surgical Retractors Market: Segmentation

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.

Surgical Retractors Market: Report Scope

Surgical Retractors Market: Regional Analysis

Regionally, North America is slated to dominate the global surgical retractors market over the forecast time period. 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. Latin American and the Middle Eastern and African markets are expected to develop moderately in the future.

Surgical Retractors Market: Competitive Analysis

The global surgical retractors market is dominated by players like:

• 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
• Medline Industries, Inc

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
• Middle East and Africa