Abstract
Summary
Global Surgical Retractors Market Size, Share & Trends Analysis Report by Type (Hand Retractor, Self-Retaining Retractors, and Others), by Application (Orthopedic Retractors, Abdominal Retractors, Cardiothoracic Retractors, and Obstetric or Gynecological Retractors) and by End-User (Hospitals, and Ambulatory Surgical Centers), Forecast Period (2022-2028)
The global surgical retractors market is anticipated to grow at a CAGR of 6.3% during the forecast period. The increasing surgical procedure which in turn is creating a huge demand for surgical retractors across the globe is a key driving factor in the market growth. For instance, in July 2021, as per the report published by the American Society for Metabolic and Bariatric Surgery (ASMBS), there were a total of 256,000 bariatric surgeries performed in 2019.
The global surgical retractors market is segmented based on the type, application, and end-user. On the basis of type, the market is segmented into hand retractors, self-retaining retractors, and others. Based on the application, the market is sub-divided into orthopedic retractors, abdominal retractors, cardiothoracic retractors, and obstetric or gynecological retractors. Based on the end-user, the market is segmented into hospitals and ambulatory surgical centers. The end-user segment hospital, segment is predicted to hold dominating share in the market attributed to a large number of cases and preventive surgeries being performed in this sector. With the increasing number of several surgical procedures including angioplasty and kidney and liver transplants among others, there are increasing in demand for surgical retractors is increased in a hospital setting and the market is growing further.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America region is predicted to dominate in the market due to increasing cases of chronic conditions that include cancer, diabetes, and autoimmune diseases, rising number of preventive surgeries in the region. Growing preference for minimally invasive surgical procedures in the region and the presence of key players in the market that are continually investing in the development launches of new products in the region. For instance, in September 2020, Livac USA, Inc., has launched LiVac Retractor that being used by surgeons in the US and has received FDA approval. This new device is used as a solid organ retractor that simplifies robotic and laparoscopic procedures and supports reducing the reliance on opioids for patients.
The major companies serving the global surgical retractors market include B. Braun Melsungen AG, Becton Dickinson and Co, CONMED Corp., Globus Medical Inc, Integra Lifesciences Corp., Medtronic Plc, Stryker, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, geographical expansions, partnerships, product launches, and collaborations, to stay competitive in the market. For instance, in April 2021, Medtronic plc and Surgical Theater partnered to interface with Surgical Theater's SyncAR augmented reality (AR) technology. This new technology will be used with Medtronic's StealthStation S8 surgical navigation system. The new partnership has enabled neurosurgeons to use AR technology in real-time to enhance visualization.
Research Methodology
The market study of the global surgical retractors market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
• Financial reports of companies involved in the market.
• Whitepapers, research papers, and news blogs.
• Company websites and their product catalog.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
1. Global Surgical Retractors Market Research and Analysis by Type
2. Global Surgical Retractors Market Research and Analysis by Application
3. Global Surgical Retractors Market Research and Analysis by End-User
The Report Covers
• Comprehensive research methodology of the global surgical retractors market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global surgical retractors market.
• Insights about market determinants that are stimulating the global surgical retractors market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.
Table of Contents
1 Report Summary
1.1 Research Methods and Tools
1.2 Market Breakdown
1.2.1 By Segments
1.2.2 By Region
2 Market Overview and Insights
2.1 Scope of the Report
2.2 Analyst Insight & Current Market Trends
2.2.1 Key Findings
2.2.2 Recommendations
2.2.3 Conclusion
3 Competitive Landscape
3.1 Key Company Analysis
3.2 B. Braun Melsungen AG
3.2.1 Overview
3.2.2 Financial Analysis
3.2.3 SWOT Analysis
3.2.4 Recent Developments
3.3 CONMED Corp
3.3.1 Overview
3.3.2 Financial Analysis
3.3.3 SWOT Analysis
3.3.4 Recent Developments
3.4 Integra LifeSciences Corp
3.4.1 Overview
3.4.2 Financial Analysis
3.4.3 SWOT Analysis
3.4.4 Recent Developments
3.5 Medtronic Plc
3.5.1 Overview
3.5.2 Financial Analysis
3.5.3 SWOT Analysis
3.5.4 Recent Developments
3.6 Stryker Inc
3.6.1 Overview
3.6.2 Financial Analysis
3.6.3 SWOT Analysis
3.6.4 Recent Developments
3.7 Key Strategy Analysis
4 Market Segmentation
4.1 Global Surgical Retractors Market by Type
4.1.1 Hand Retractor
4.1.2 Self-Retaining Retractors
4.1.3 Others (Table-mounted Retractors, and Wire Retractors)
4.2 Global Surgical Retractors Market by Application
4.2.1 Orthopaedic Retractors
4.2.2 Abdominal Retractors
4.2.3 Cardiothoracic Retractors
4.2.4 Obstetric or Gynaecological Retractors
4.3 Global Surgical Retractors Market by End-User
4.3.1 Hospitals
4.3.2 Ambulatory Surgical Centers
5 Regional Analysis
5.1 North America
5.1.1 US
5.1.2 Canada
5.2 Europe
5.2.1 UK
5.2.2 Germany
5.2.3 Italy
5.2.4 Spain
5.2.5 France
5.2.6 Rest of Europe
5.3 Asia-Pacific
5.3.1 China
5.3.2 India
5.3.3 Japan
5.3.4 South Korea
5.3.5 Rest of Asia-Pacific
5.4 Rest of the World
6 Company Profiles
6.1 Aparito Ltd
6.2 Applied Medical Resources Corp
6.3 Arthrex, Inc
6.4 A. Titan Instruments
6.5 ATEC Spine, Inc
6.6 Becton, Dickinson and Co
6.7 BR SURGICAL, LLC
6.8 Cook Group Inc
6.9 CooperSurgical, Inc
6.10 Globus Medical Inc
6.11 Halma plc
6.12 Henry Schein, Inc
6.13 Innomed, Inc
6.14 LiNA Medical ApS
6.15 Mediflex
6.16 obp Surgical Corp
6.17 Olympus
6.18 Sklar Instruments
6.19 Teleflex Inc
6.20 Terumo Cardiovascular Systems Corp
6.21 Thompson Surgical Instruments