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Surgical Retractors Market to Surpass US$ 2787.7 Million by 2028, Says Coherent Market Insights (CMI)

·5-min read

SEATTLE, Sept. 28, 2021 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global surgical retractors market is estimated to be valued at US$ 1779.3 million in 2021 and is expected to exhibit a CAGR of 6.6% during the forecast period (2021-2028).

Key Trends and Analysis of the Global Surgical Retractors Market:

Key trends in the market include increasing product launches, increasing prevalence of osteoarthritis, increasing spin-offs, and inorganic activities such as acquisitions and others.

Key players are focusing on growth activities such as spin-offs and expansions to enhance its research and development activities and strengthen its supply chain of advanced products. This is expected to drive the growth of the global surgical retractors market over the forecast period. For instance, on May 3, 2021, obp, a global developer of single-use, self-contained, cordless illuminating medical devices, announced the launch of a new spin-off company called obp Surgical Corporation. The new company will focus on innovating and manufacturing of surgical tools that surgeons rely on by integrating single-use LED lighting technology into unique intracavity cordless devices.

Market players are indulged in launching new surgical retractors, which is expected to increase the growth of the global surgical retractors market over the forecast period. For instance, in 2020, JUNE MEDICAL, expanded their product portfolio of medical devices by launching a new pre-packed retractor kits, Galaxy II Male kit, especially for male procedures. The Galaxy II Male kit is used for proper visualization during surgery. This is applicable for a wide range of procedures, which requires extensive control over the surgical site, such as scrotal and associated surgeries, as well as prosthetic testicle implantations and others.

Key players are indulged in inorganic activities such as acquisitions in order to expand its product portfolio, which is expected to spur the growth of the global market over the forecast period. For instance, in 2020, Sure Retractors Ltd have acquired all rights and IP from Qspine. This acquisition will allow Sure Retractors Ltd to develop the product pipeline and further to plan for the strategic partnerships in the U.S.

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Key Market Takeaways:

Increasing prevalence of osteoarthritis is expected to increase the growth of the global surgical retractors market over the forecast period. For instance, according to the National Centre for Biotechnology Information (NCBI), January 2016, around 130 million individuals are expected to be diagnosed with osteoarthritis by 2050, worldwide.

Among regions, North America is expected to hold a dominant position in the global surgical retractors market over the forecast period, owing to increasing product launches. For instance, in 2020, Aesculap, Inc., a company focusing in sterile processing and operating room solutions, is pleased to announce the availability of the next generation of surgical instrumentation with the launch of SQ. line Surgical Instruments. This line of surgical instruments features more than 200 patterns of surgical instruments, including surgical retractors. SQ. line Surgical Instruments offer a complete solution to service basic instrumentation for spine and orthopedic procedures.

Competitive Landscape:

Key players operating in the global surgical retractors market include Medtronic Plc, Becton, Dickinson and Company, Medical Devices Business Services, Inc., Teleflex Incorporated, Medline Industries, Inc., B. Braun Melsungen AG, Applied Medical Resources Corporation, Thompson Surgical, Innomed, Inc., LiNA Medical ApS, Vivo Surgical Private Limited, BVI, CooperSurgical Inc., Stryker Corporation, Mediflex Surgical Products, Applied Medical Technology, Inc., and Changzhou Haiers Medical Devices Co., Ltd.

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Market Segmentation:

  • Global Surgical Retractors Market, By Type:

    • Handheld

    • Self-retaining

  • Global Surgical Retractors Market, By Product:

    • Abdominal Retractor

    • Finger Retractor

    • Nerve Retractor

    • Orthopedic Retractor

    • Rectal Retractor

    • Thoracic Retractor

    • Ribbon Retractor

    • Others

  • Global Surgical Retractors Market, By Application:

    • Neurosurgery

    • Wound Closure

    • Reconstructive Surgery

    • Cardiovascular

    • Orthopedic

    • Obstetrics and Gynecology (Ob/Gyn)

    • Others

  • Global Surgical Retractors Market, By End User:

    • Hospitals

    • Ambulatory Surgical Centers

    • Clinics

  • Global Surgical Retractors Market, By Region:

    • North America

      • By Country:

        • U.S.

        • Canada

    • Latin America

      • By Country:

        • Brazil

        • Mexico

        • Argentina

        • Rest of Latin America

    • Europe

      • By Country:

        • U.K.

        • Germany

        • Italy

        • Spain

        • France

        • Russia

        • Rest of Europe

    • Asia Pacific

      • By Country:

        • Australia

        • India

        • China

        • Japan

        • ASEAN

        • South Korea

        • Rest of Asia Pacific

    • Middle East

      • By Country:

        • GCC

        • Israel

        • Rest of Middle East

    • Africa

      • By Country/Region:

        • South Africa

        • Central Africa

        • North Africa

Related Market Intelligence Reports:

Eastern Europe Surgical Drapes and Gowns Market, by Product Type (Surgical Drapes (Cardiovascular Drapes, General Procedure Drapes, Orthopedic Drapes, Ophthalmic Drapes, Gynecology, Obstetrics, & Urology Drapes, and Other Surgical Drapes) and Surgical Gowns), by Usage Pattern (Disposable and Reusable), by End User (Hospitals & Clinics and Ambulatory Surgical Centers), and by Country (Croatia, Czech Republic, Hungary, Poland, Romania, Russia, and Rest of Eastern Europe) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Australia and New Zealand Sterile Surgical Gloves Market, by Product Type (Latex Gloves, Synthetic Gloves, and Accelerator Free Gloves), by End User (Hospitals and Clinics (Surgeon/Physician, Scrub Nurse, and Nurse/Other), Specialty Centers (Orthopedic Centers, General Centers, Cardiac Centers, Plastic Surgery Centers, Laparoscopy Centers, and Obstetrics/Gynecology Centers), Ambulatory Surgical Centers, Clean Rooms, and Chemotherapy Centers), and by Country (Australia and New Zealand) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.

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CONTACT: Mr. Shah Senior Client Partner – Business Development Coherent Market Insights Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com


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