Surgical Retractors Market
Number of pages: 100 | Report Format: PDF | Published date: 08 February, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market size value in 2021 |
US$ 1.82 billion |
|
Revenue forecast in 2030 |
US$ 3.29 billion |
|
Growth Rate |
CAGR of 6.80% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast Year |
2022-2030 |
|
Historical Year |
2020 |
|
Segments covered |
Type, Application, End User, and Region. |
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Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
According to the deep-dive market assessment study by Growth+ Reports, the global surgical retractors market was valued at US$ 1.82 billion in 2021 and is expected to witness a CAGR of 6.80 % during the forecast period from 2022 to 2030.
Market Fundamentals
Surgical retractor devices are used to keep an incision or wound open while a surgeon performs surgery. The retractor could potentially be employed during surgery to hold tissues or organs. As a visibility aid, more recent retractor models now feature light attachments. During surgery, self-retaining retractors provide hands-free operating to the surgeon. Self-retaining surgical retractor systems, like the Galaxy II, come in a variety of sizes, including small ones for eye surgeries and large ones for table mounting.
There are majorly two types of retractors. A handheld retractor and a self-retaining retractor. The handheld retractors allow an assistant to move tissue out of the way of the surgical instruments and protect the vital structures during the procedure. Handheld retractors are the most utilized retractors in a surgical procedure. Some of the handheld retractors are Senn, Army-Navy, Ribbon, Hohmann, Farabeuf, Meyerding, Deaver, and Richardson. Self-retaining retractors contain locking mechanisms that maintain the blades' separation and alignment while expanding the incision's edges and holding additional tissue in place, freeing the hands of the surgeon and for other activities. The Weitlaner and Kelpie retractors are two of the most widely utilized self-retaining retractors in the abdominal surgeries. Similarly, the Bookwalter and the Balfour are self-retaining abdominal wall retractors that can be connected and detached as required.
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Market Dynamics
The global surgical retractors market is primarily driven by increasing surgical procedures around the world such as hysterectomy, cardiovascular surgeries, and orthopedic surgeries. According to estimates by National Heart, Lung, and Blood Institute, in 2021 every year around 2 million people around the world had open heart surgery. Moreover, an increase in the number of major surgeries such as cesarean sections is consistently increasing every year. In 2022, according to the National Family Health Survey (NFHS), the national C-section delivery rate is 21.5 percent, significantly higher than the "ideal 10-15 percent" recommended by the World Health Organization. This rate is anticipated to increase in the coming years as demand for surgeries will increase.
Market players are heavily investing in research and development to introduce new and innovative retractors in the global surgical retractors market. For instance, in August 2021, Advanced Surgical Retractor Systems Inc., a U.S. based medical equipment company launched exploratory laparotomy with the new TITAN Cestero surgical retractor (CSR). Additionally, market players are also interested in integrating robotics with retractors to increase their product portfolio. Mediflex has been a leader in manufacturing medical devices. The robotic version of 5.0mm Robotic Nathanson Retractors by Mediflex provides full support and retracts the liver for visualization.
However, increasing uptake of minimally invasive surgeries can restrain the growth of the global surgical retractors market. Additionally, in low-income countries, the growth of surgical retractors will show steady growth, due to low healthcare standards, and less awareness.
Market Ecosystem
The global surgical retractors market has been analyzed from four perspectives Type, Application, End User, and Region.
Surgical Retractors Market by Type
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The global surgical retractors market has been segmented into handheld and self-retaining. The handheld segment dominated the market in 2021 owing to its high demand, especially in developing countries. Additionally, handheld retractors are best suited in surgeries where small and precise incision is required such as tracheotomies and dental surgeries. However, the self-retaining segment will continue to grow in the forecast period. This is attributed to the ease of assistance self-retaining retractors provide during surgical procedures. These surgical retractors improve exposure to surgical sites. New self-retaining retractors are light in weight and easy to use. Additionally, introduction of single-use self-retaining retractors in the market is supporting the growth of the segment. For instance, Galaxy II self-retaining retractor manufactured by June medical is a single-use retractor. The product uses less plastic and can be recycled. The Galaxy II self-retaining retractor won the Queen’s Award for Innovation in 2021.
Surgical Retractors Market by Application
The global surgical retractors market, according to application is segmented into abdominal surgery, neurosurgery, wound closure, reconstructive surgery, cardiovascular surgery, orthopedic, obstetrics and gynecology, and others. The abdominal, obstetrics and gynecology segment will rapidly grow in the forecast period. This is primarily attributed to increasing instances of abdominal surgeries such as hysterectomy. Common self-retaining retractors frequently used in abdominal surgery are Weitlaner and Gelpie Retractors, the Balfour, and Bookwalter Retractors (which can be mounted on a table), the Goligher Retractor, and the Iron Intern. Retractors in general abdominal surgeries are also used to reduce surgical site infections. O-ring retractors (Alexis/Mobius) have been demonstrated to minimize the risk of surgical site infection (SSI) during general abdominal surgery. Moreover, retractors in C-section surgeries play a crucial role. The seven layers include the skin, fat, rectus sheath, rectus, parietal peritoneum, loose peritoneum, and finally the uterus, which is a very thick muscular layer held by surgical retractors which offer proper exposure to the surgical site.
Surgical Retractors Market by End-user
Based on end-user, the global surgical retractors market is grouped into hospitals, specialty clinics, and ambulatory surgical centers. The hospital segment holds majority of the market share in 2021. This is attributed to high patient footfall in hospitals, major surgical procedures such as cardiovascular surgeries, neurological surgeries, and abdominal surgeries are performed in hospitals. Moreover, due to the advanced sterilization systems present in hospitals, retractors can be used conveniently.
Surgical Retractors Market by Region
Regionally, the global surgical retractors market has been segmented into North America, Europe, Asia Pacific, and the Rest of The World. North America dominated the market with highest market share in 2021. This is primarily due to increasing surgical procedures, and the introduction of technologically advanced products in the market. Surgical procedures such as orthopedic surgeries, and laparoscopic cholecystectomy. According to the American College of Surgeons estimate in 2021, every year around 15 million Americans undergo some kind of surgical procedure. On the other hand, over the years, several significant market participants have increased their focus on rolling out new versions and growing their product portfolio to improve their position in the market. Livas USA, Inc. in September 2021 launched the LiVac retractor, a minimally invasive option for robotic and laparoscopic bariatric procedures.
The European surgical retractors market is characterized by increased healthcare standards and a high number of surgical operations in the region. The market for surgical retractors is rapidly increasing in Germany. The presence of many top players in the region such as Medtronic plc, and B. Braun holdings GmbH is increasing the market in Europe. Moreover, the high demand for surgical procedures in elder patients is also increasing the global surgical retractors market.
Numerous developing countries are located in the Asia-Pacific area, and surgical equipment technology is being quickly adopted there. Additionally, it is projected that market participants in this area will raise their R&D and investment activities, which would promote the expansion of the surgical retractors market. The expansion of the surgical retractors market in the region is anticipated to be supported by the presence of an emerging healthcare infrastructure in countries like India and China.
Strategic Development
Competitive Landscape
The prominent players operating in the global surgical retractors market are,
The global surgical retractors market is currently being driven by several factors. Increasing surgical procedures in the market and increasing technological advances are primary driving factors of the global surgical retractors market.
Some of the prominent players operating in the global Surgical Retractors Market are Becton, Dickinson, and Company (BD), Medtronic plc, Teleflex Incorporated, B. Braun Melsungen AG Innomed Inc., Thompson Surgical Instruments Inc., Stryker Incorporated, Boston Scientific Corporation, Mediflex Surgical Products, Chamfond Biotech Co., Ltd., among others.
Increasing uptake of minimally invasive surgeries can restrain the growth of the global surgical retractors market. Additionally, in low-income countries, the growth of surgical retractors will show steady growth, due to low healthcare standards, and less awareness.
The global surgical retractors market is expected to witness a CAGR of 6.80 % during the forecast period from 2022 to 2030.
Based on end-user, the global surgical retractors market is grouped into hospitals, specialty clinics, and ambulatory surgical centers. The hospital segment holds majority of the market share in 2021.
*Insights on financial performance are subject to the availability of information in the public domain
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Snehal Deshmukh
Principle Consultant
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