Surgical Retractor Market

Report Overview

The global surgical retractor market was pegged at US$ 1.81 billion in 2020 and is expected to witness a CAGR of 7% during the forecast period.

Market Fundamentals

Retractor are used to hold an incision or wound open while a surgeon works. The retractor could also be used to hold tissues or organs out of the way during surgery. Retractor play a crucial role in surgery. Retractor are available in different sizes, shapes, and designs. Surgical retractor are classified into hand-held retractors and self-retaining retractors. Hand-held retractors are held by an assistant, a robot, or the surgeon during a procedure. Whereas self-retaining retractors have a screw, ratchet, or kind of clamp to hold the tissue by itself. These allow the surgeon with two free hands.

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Market Dynamics

The global surgical retractor market is mainly driven by the growing geriatric population coupled with the rising prevalence of chronic diseases and an increasing number of surgical procedures. Furthermore, the availability of application-specific retraction products is also likely to play a pivotal role in contributing to the growth of the market. However, the rising demand for minimally invasive surgery (MIS) as an alternative to open surgeries is likely to restrain the market growth to a certain extent.

Market Ecosystem

The global surgical retractor market has been analyzed from four perspectives: Type, Application, End-User, and Region.

Surgical Retractor Market by Type

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Based on type, the surgical refractor market has been segmented into hand-held retractors and self-retaining retractors. The self-retaining retractors segment dominated the market with the largest share in 2020, owing to its benefits over hand-held retractors. Unlike hand-held retractors, self-retaining retractors do not need an assistant to hold them in place.

Surgical Retractor Market by Application

Based on application, the surgical retractor market has been segmented into abdominal applications, orthopedic applications, obstetric & gynecological applications, cardiovascular applications, urological applications, and others (head, neck, and spinal applications; aesthetic surgical applications, etc). The cardiovascular applications segment dominated the market with the largest share in 2020. The prevalence of heart disease is high in both developed as well as developed countries. Heart disease is the leading cause of death for men and women in the U.S. In the U.S., about 500,000 open-heart surgeries are performed each year.

Surgical Retractor Market by End User

Based on end-user, the surgical retractor market has been segmented into hospitals, ambulatory care centers, and others (clinics, specialty centers, etc.). The hospital's segment dominated the surgical retractor market with the largest share in 2020. The growth of the segment can mainly be attributed to a large number of patient admissions in hospitals as compared to other healthcare settings, growing volume of surgical procedures performed in the hospitals, and high affordability of hospitals for the purchase of advanced devices.

Surgical Retractor Market by Region

Based on region, the global surgical retractor market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America dominated the surgical retractor market with the largest share in 2020, followed by the Asia Pacific. The large share of North America in the global market can be attributed to developed healthcare infrastructure, rising aging population coupled with increasing prevalence of chronic diseases, and increasing number of surgical procedures. Furthermore, presence of the prominent players in the region is also expected to propel the growth of the market in the region.

Competitive Landscape

Some of the prominent players operating in the surgical retractor market includes:-

• Johnson & Johnson Services, Inc
• BD
• Stryker
• Terumo Corporation
• Medtronic
• B. Braun Melsungen AG
• Teleflex Incorporated
• Integra LifeScience
• Cooper Surgical Inc
• Globus Medical, among others

Strategic Developments

• In December 2020, JUNE Medical partnered with Vivo Surgical to launch the Galaxy II LUX self-retaining ring retractor with light. The device combines JUNE Medical's Galaxy II retractor with Vivo Surgical's KLARO light that can be mounted on the retractor via a purpose-designed clip, giving surgeons better access and a clearer view of the surgical site, and eliminating the disadvantages of using overhead lighting or personal head torches
• In September 2020, obp announced the launch of ONETRAC LXD, a single-use, cordless dual-blade surgical retractor with the integrated multi-LED light source and dual smoke evacuation channels, and ONETRAC LXS, a single-use suction device with an integrated, cordless radial LED light source
• In May 2019, obp announced the launch of ONETRAC LX, a new and improved line of single-use, cordless surgical retractors with an integrated multi-LED light source and dual smoke evacuation channels

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