Surgical Retractors Market: Size, Growth, Industry Share, Forecast And Analysis Report By 2027
The global surgical retractors market
is anticipated to reach US$ 3,724.46 Mn in 2027 from US$ 2,153.40 Mn in 2018. The
market is anticipated to grow with a CAGR of 6.5% from 2019-2027.
Driving factors of the surgical retractors market are increase in
the number of cardiovascular surgeries and increase in the number of
orthopaedic surgeries play a vital role in the growth of the surgical
retractors market. Also, increasing medical tourism in emerging nations is
likely to have a positive impact on the growth of the market in the coming
years.
The rise in orthopedic surgeries is driven by the surgical
procedures done for the replacements of the knee and hip. The surgeries are
done for the amputations of the limbs due to the damages and injuries caused by
accidents or various diseases. Also, the surgeries are done for the amputation
of the patients, suffering from diabetes, or even has developed the condition
of gangrene. For instance, according to the U.S. Agency for Healthcare Research
and Quality, in the United States, approximately 600,000 knee replacement
surgeries are performed per year. In the geriatric population, the knee
replacement surgeries are mostly being performed for the deteriorating joints.
Rising conditions such as rheumatoid arthritis (RA), ankylosing spondylitis
(AS), and osteoporosis also help to increase the number of surgical procedures.
For instance, according to a report published in 2018 of Healthline Media,
rheumatoid arthritis (RA) affects 41 in every 100,000 people per year, and near
round, 1.3 million Americans have RA. Likewise, data published by the
Spondylitis Association of America states that spondyloarthritis is found in
approximately 2.7million people, which is 1 in 100 population in America.
Similarly, according to the International Osteoporosis Foundation, osteoporosis
is estimated to affect 200 million women across the world in 2018, among which
approximately one-tenth of women are above 60 years, one-fifth of women are
aged more than 70, two-fifths of women aged above 80 and two-thirds of women
aged more than 90. Moreover, the number of surgeries is expected to be rising
to the musculoskeletal disorders that are associated with sports, occupational
injuries, and age-related dysfunction.
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Retractors Market @
In 2017, as per the data by Arthritis Foundation, 54 million
adults have been diagnosed with arthritis. Besides, nearly 300,000 babies and
children have arthritis or a rheumatic condition. Also, the standard type of
arthritis diagnosed is osteoarthritis, which affects approximately 31 million
Americans. Thus, owing to the aforementioned factors, the market for surgical
retractors is expected to grow in the forecast period significantly.
In 2018, the hand retractors segment accounted for the largest
market share in the global surgical retractors market by the product type
segment. With the help of hand retractors assistant can rapidly relocate them
for more exposure and can adjust the tension or force on the tissues as
required. The hand retractors permit an assistant to move tissue away from the
surgical instruments and safeguard the vital structures in the procedure. Owing
to the factors such as increasing usage in the hand retractors segment is
anticipated to grow in the future.
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The global surgical retractors market is segmented by product type, application and end user. Based on the product type, the surgical retractors market is segmented into hand retractors, self-retaining retractors, wire retractors, and others. On the basis of application, the market is segmented into obstetrics & gynecology, cardiovascular, neurosurgery, orthopedic surgery, reconstructive surgery, wound closure, and others. Based on the end user, the market for surgical retractors is categorized as hospitals, clinics, & surgical centers, ambulatory care centers, and maternity & fertility centers.
Some of the important primary and secondary sources included in the report are, Arthroscopy Association of Canada (AAC), American College of Cardiology (ACC), American Heart Association (AHA), Coronary Artery Diseases (CAD), Centers for Disease Control and Prevention (CDC), Dubai Health Authority (DHA), Indian Stroke Association (ISA), and others.
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size, leading players and segments in the surgical retractors market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global surgical retractors market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global surgical retractors market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
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