CHICAGO, December 14, 2018 /PRNewswire/ --
According to the new market research
report "Surgical Retractor Market by
Product (Hand-held, Self-retaining, Table-mounted, Wire), Design
(Fixed, Angled, Elevated), Application (Abdominal, Cardiothoracic,
Orthopedic, OB/GYN, Aesthetic), End User (Hospital, Maternity
Center, ACCs) - Forecasts to 2023", published by
MarketsandMarkets™, the market is projected to reach USD 2.5 billion by 2023 from USD 1.8 billion in 2018, at a CAGR of 7.2%.
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Retractor Market
The major factors driving the growth of the Surgical Retractor
Market are increasing number of surgical procedures; market
availability of specialized and application specific retraction
products; continuous expansion of geriatric population; and rising
demand for plastic and reconstructive surgeries.
The hand-held retractors segment is expected to account for
the largest share of the Surgical Retractor Market,
by product type, in 2018
Based on product type, the Surgical Retractor Market is
segmented into hand-held retractors, self-retaining retractors,
table-mounted retractors, wire retractors, and accessories. The
hand-held retractors segment is expected to account for the largest
share of the Surgical Retractor Market in 2018. The availability of
a wide range of affordable handheld retractors coupled with
significant preference of healthcare providers for these products
across the world and large number of surgical procedures
(especially abdominal and cardiothoracic procedures) conducted
across major healthcare markets is the major factor driving the
growth of this market segment.
Browse in-depth TOC on "Surgical
Retractor Market"
90 - Tables
39 - Figures
155 - Pages
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The head, neck, and spinal applications segment is expected
to witness high growth rate in the Surgical Retractor
Market, by application, during forecast period
Based on applications, the Surgical Retractor Market is
segmented into abdominal applications; cardiothoracic applications;
orthopedic applications; obstetric and gynecological applications;
general surgical applications; head, neck, and spinal applications;
aesthetic surgical applications, and other applications. The
Surgical Retractor Market for head, neck, and spinal application is
expected to witness high growth rate in the during forecast period.
The growing usage of application specific specialized surgical
retractors in spinal surgeries and growth in number of patients
with spinal disorders are the major factor driving the growth of
this market segment.
Hospitals, clinics, and surgical centers to account for the
largest share of the global Surgical Retractor
Market, by end user, 2018
Based on end user, the Surgical Retractor Market is segmented
into hospitals, clinics, and surgical centers; ambulatory care
centers; and maternity and fertility centers. The hospitals,
clinics, and surgical center end user segment is expected to
account for the largest share during the forecast period. The
growing number of surgical procedures across the globe and growth
in the number of hospitals, clinics and surgeons providing surgical
treatments are the key factors driving the growth of this
segment.
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North America to dominate
the Surgical Retractor Market during the forecast
period
The Surgical Retractor Market is segmented into four regional
segments, namely, North America,
Europe, Asia Pacific, and the Rest of the World. The
North America region is expected
to account for the largest share of the global Surgical Retractor
Market in 2018, and this trend is expected to continue during the
forecast period. Dominant position of North America is mainly attributed to the high
number of surgical procedures in the region, the presence of a
well-established healthcare system, and on-going investments by
hospitals to upgrade operating rooms (including surgical
instruments).
As of 2017, major players operating in the global Surgical
Retractor Market are JOHNSON & JOHNSON
(US), MEDTRONIC PLC (US), BECTON, DICKINSON AND COMPANY
(US), STRYKER CORPORATION (US), Terumo Corporation (Japan), HENRY
SCHEIN, INC. (US), B. Braun Melsungen AG (Germany), TELEFLEX INCORPORATED (US), INTEGRA
LIFESCIENCES HOLDINGS CORPORATION (US), THE COOPER COMPANIES, INC.
(US), GLOBUS MEDICAL, INC. (US), RTI SURGICAL, INC. (US), Arthrex,
Inc. (US), Invuity, Inc. (US), and Medline Industries, Inc. (US),
among others.
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