Global Surgical Retractors Market by End-use (Hospitals, ASCs, Clinics), by Type (Handheld, Self-retaining) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global surgical retractors market was worth USD 1.6 billion in 2020. It is projected to grow at a compound annual rate (CAGR of 5.8%) between 2021 and 2028. The market is driven by a rapid rise in procedure volume, rising prevalence of chronic disease, increased adoption of minimally invasive surgery, and high R&D focus of major market players.

The World Federation of Neurology estimates that 12.0% of all neurology patients are affected by these conditions every year. According to the WHO, the number disability-adjusted life years (DALYs), due to neurological diseases will increase from 95 million in 2015, to 103 million by 2030. One of the most effective treatments for neurological disorders is surgery. The market is expected to grow due to an increasing number of neurosurgical procedures and the demand for surgical retractors specifically designed for these types of procedures.

The COVID-19 pandemic saw a significant drop in demand for surgical retractors due to delayed or cancelled electric surgeries. There were also strict guidelines regarding life-saving surgery. The risks of infection caused a sharp decline in patient footfall for non COVID-19 conditions. These surgeries included procedures that required the use of surgical retractors. During the first wave COViD-19, around half of all transplantation procedures were performed.

According to the WHO, 17.9 Million people worldwide die each year from cardiovascular diseases. A common treatment for blocked coronary vessels is Coronary artery bypass surgery. B. Braun and Medtronic plc. A wide variety of surgical tools are available for all types of cardiovascular surgery. According to CDC (2017) in the United States, 15% of Americans have chronic kidney disease. The rising incidence of chronic diseases will drive the demand for surgical treatment. This in turn will increase the demand for surgical equipment.

To maintain their market leadership, several manufacturers are working to develop technologically advanced surgical retractors. Thompson Surgical has developed a table-mounted hip retraction device in 2019. Flexible tethers are used to keep retractor blades in position and reduce the number of staff required to operate the retractor. June Medical also announced in October 2020 a Galaxy II retractor series product launch. This was designed specifically for male anatomy. The penile hammock is an innovative design that reduces the need for sharp hook penetration, increases recovery time, and lowers infection risk.

Type Insights

Handheld retractors dominated the market, accounting for 53.9% of the total revenue in 2020. The primary function of handheld retractors is to maintain the tissue in the desired location. The surgeon must assist the patient by holding the tissue. This limits the surgeon's freedom of movement. There are many types of retractors available depending on the type and complexity of the surgical procedure. There are many retractors available, including those for the abdominal, finger, nerve and thoracic surgeries.

The self-retained surgical retractors will experience the greatest growth over the forecast period. This is due to their simplicity. These retractors don't require any assistance in order to stay in place. This allows for less crowding and permits surgery to be performed without the need of second aid. Segment growth is expected to be possible due to several advantages, including a lower risk of infection, sufficient exposure to the surgical site and low assistance requirements during the procedure.

Product Insights

In 2020, 18.1% of the total market revenue was attributed to orthopedic retractors. Orthopedic retractors can be used to access surgical sites and protect surgical incisions. They also handle veins, tendons and other tissues. The Alexis orthopedic protector/retractor from Applied Medical Resources protects fat, muscles, and nerves against contact with sharp instruments used in wound surgery. Similarly, orthopedic surgeons use the hip tether by Thompson Surgical during hip replacement.

Over the forecast period, the abdominal retractor segment will grow at a fastest rate of 5.2%. There are many types of abdominal retractors that can be used to enhance surgical procedures. An Army-Navy handheld retractor can be used to retract superficial incisions during abdominal surgery. For efficient surgery, market players like Thompson Surgical, Medline Industries and Medtronic offer abdominal retractors. Thomson Surgical's Thompson General/Vascular Systems offers a variety of abdominal blades that can be used for general and vascular procedures.

To provide visual access to the surgical site, thoracic retractors can be used in operations such as sternotomy and thoracotomy. Worldwide, there are approximately 2 million open thoracic surgery each year. This has increased the need for thoracic regulators. These retractors can be used for many other purposes, including cardiovascular surgery. Surtex Instruments' Surtex Mercedes Thoracic Retractor is used to retract the thorax during cardio-surgeons, mid-sternotomy and emergency procedures to access internal organs.

Application Insights

The surgical retractors market was dominated by the Obstetrics and Gynecology segment (Ob/Gyn), which accounted for 24.3% of the total revenue in 2020. The most common procedures that involve female reproductive organs are cervical cerclage, episiotomy, and episiotomy. Minimally invasive gynecologic surgery can result in fewer complications such as postoperative pain and shorter hospital stays.

Over the forecast period, the orthopedic segment will see a 5.4% CAGR. Segment growth will be boosted by the increasing number of orthopedic patients. Gelenk Klinik orthopedic hospital reports that more than 24,000 patients are seen annually. Every year, there are 2,400 surgeries. The demand for orthopedic retractors will increase due to the increasing number of orthopaedic surgical procedures.

End-use Insights

Hospitals dominated the market, accounting for 50.1% of the total revenue in 2020. This is due to the large number of patients and preventive procedures performed in these settings. The CDC reports that 125.7 million visits to outpatient departments were recorded in the U.S. In addition to an increase in surgical procedures such as kidney and liver transplants and a growing incidence of trauma, hospitals have seen a significant rise in demand for surgical equipment.

The forecast period will see the fastest growth in Ambulatory Surgical Centers. This is due to lower out-of pocket costs, improved patient access, and decreased facility cost.

Regional Insights

North America was the dominant market, accounting for 30.6% of the total revenue in 2020. This region will see a 5.2% CAGR over the forecast period. This is due to an increase in preventive surgery and the growing burden from chronic diseases such as cancer, diabetes and autoimmune disorders. There has also been an increase in the adoption of technologically advanced devices and a rising preference for minimally invasive surgeries.

Europe held the second largest market share in 2020. It is expected to experience a significant growth rate over the forecast period. This growth can be attributed a variety of factors, including the increasing prevalence of chronic diseases, high adoptions of advanced technologies, large geriatric populations, rising reimbursement for surgical procedures and growing demand to perform minimally invasive procedures instead of traditional ones. Market growth is expected to be aided by the presence of German stainless steel retractor producers. MPM Medical Supply, a global distributor of medical supplies, is an example. It operates entirely from Germany and offers high-quality stainless steel retractors made in Germany to patients around the world since 1600.

Market Share Insights & Key Companies

There is high competition on both the local and global levels. This market is highly fragmented. Prices are determined by the availability of raw materials and advanced manufacturing technologies. In developing countries, where insurances and reimbursements are mostly provided privately, product differentiation and price play a major role in deciding purchase decisions. Global players have taken many initiatives to establish strategic partnerships with local distributors or regional product variations.

There are no barriers to entry into the market. Market players are entering the market using organ-specific, customized retractors. Modern technology and existing designs can be combined to replace traditional retractors. The light retractor is one of the most recent examples of such integration. It is expected to quickly create significant space in the upcoming years. The following are some of the most prominent players in the market for surgical retractors:

• Medtronic

• 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

• Terumo Corporation

• June Medical Group

• Mediflex Surgical Products

• Chamfond Biotech Co., Ltd

• Applied Medical Technology, Inc.

• Microcure (Suzhou), Medical Technology Co., Ltd.

• Changzhou Haiers Medical Devices Co. Ltd

• Boston Scientific Corporation

• Coloplast

Up Market Research published a new report titled “Surgical Retractors Market research report which is segmented by End-use (Hospitals, ASCs, Clinics), by Type (Handheld, Self-retaining), By Players/Companies Microcure (Suzhou) Medical Technology Co Ltd, CooperSurgical Inc, Vivo Surgical Private Limited, Applied Medical Technology Inc (AMT), LiNA Medical ApS, Chamfond Biotech Co Ltd, Becton Dickinson and Company (BD), Terumo Corporation, Innomed Inc, Boston Scientific Corporation, Coloplast, Thompson Surgical, Medline Industries Inc, Medical Devices Business Services Inc, BVI, Teleflex Incorporated, Applied Medical Resources Corporation, Changzhou Haiers Medical Devices Co Ltd, Mediflex Surgical Products, B Braun Melsungen AG, Medtronic, Stryker, June Medical Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Surgical Retractors Market Report Segments:

The market is segmented by End-use (Hospitals, ASCs, Clinics), by Type (Handheld, Self-retaining).

Surgical Retractors Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Surgical Retractors Market

Overview of the regional outlook of the Surgical Retractors Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Surgical Retractors Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Surgical Retractors Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Hospitals

                2. ASCs

                3. Clinics

                1. Handheld

                2. Self-retaining

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Surgical Retractors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Surgical Retractors Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.