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Worldwide $16+ Mn Surgical Retractors Market is Expected to Grow at a CAGR of over 5.5% During 2022-2028 | Vantage Market Research – Press Release

WASHINGTON, April 11, 2022 (GLOBE NEWSWIRE) — Vantage Market Research’s recent analysis of the Global Surgical Retractors Market finds that the increase in adoption of minimally invasive surgeries is expediting market growth. Primarily driven by rising technological advancements and improved living standard, the total Global Surgical Retractors Market is estimated to reach USD 1,626.3 Million by 2028.
The Global Market stood at a revenue of USD 1,179.5 Million in the year 2021, and expected to grow at a Compound Annual Growth Rate (CAGR) of 5.5%.
Furthermore, the growing prevalence of chronic diseases across the globe are also anticipated to augment the growth of the Global Surgical Retractors Market, states Vantage Market Research, in a report, titled “Surgical Retractors Market Size, Share & Trends Analysis Report by Type (Handheld, Self-retaining), by Product (Abdominal retractor, Finger retractor, Nerve Retractor, Orthopedic Retractor), by Application (Neurosurgery, Wound closure, Reconstructive surgery, Cardiovascular), by End-use (Hospitals, Ambulatory Surgical Centres, Clinics), by Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.  
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Market Dynamics:
Increasing Adoption of Minimally Invasive Surgeries to Stimulate Market Growth
The increasing adoption of minimally invasive surgeries is anticipated to augment the growth of the Global Surgical Retractors Market during the forecast period. This is owing to the benefits that are offered with the use of these surgeries. Minimally invasive surgery helps surgeons to apply advanced surgical techniques and modern technology to operate on humans in a less harmful way. This surgery confines the number and size of incisions made, and further reduces the risk of damage and complications to surrounding muscle and tissue. The various advantages offered by minimally invasive surgeries include smaller incisions, fewer complications, decreased risk of infection, a shorter hospital stay and less recovery and downtime. The surgical retractors are highly used in minimally invasive surgeries and thus further supporting the growth of the market. Furthermore, the rising prevalence of chronic diseases is also likely to augment the growth of the market in the years to come.
Key Insights & Findings from the Report:

  • According to our primary respondents’ research, the Surgical Retractors market is predicted to grow at a CAGR of roughly 5.5% during the forecast period.
  • The Surgical Retractors market was estimated to be worth roughly USD 1,179.5 Million in 2021 and is expected to reach USD 1,626.3 Million by 2028; based on primary research.   
  • On the basis of region, Asia Pacific is projected to dominate the worldwide Surgical Retractors market. 

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Surgical Retractors Market is Segmented as Follows:

  • Product
    • Abdominal retractor
    • Finger retractor
    • Nerve Retractor
    • Orthopedic Retractor
    • Rectal Retractor
    • Thoracic retractor
    • Ribbon retractor
    • Others
  • Application
    • Neurosurgery
    • Wound closure
    • Reconstructive surgery
    • Cardiovascular
    • Orthopedic
    • Obstetrics and Gynecology (Ob/Gyn)
    • Others
  • End-use
    • Hospitals
    • Ambulatory Surgical Centres
    • Clinics
  • Region
    • North America
    • Asia Pacific
    • Europe
    • Latin America
    • Middle East & Africa 

Read Full Research Report @  https://www.vantagemarketresearch.com/industry-report/surgical-retractors-market-1443
Technological Advancement and Improved Living Standard to Promote Market Growth
Advancements in science and technology along with enhancement in the living standards of people overall have played a major role in changing the quality of medical care and the growth of numerous surgical instruments. The minimally invasive surgery demand continues to rise at a swift pace around the globe owing to which, techniques are evolving. Numerous participants who are involved in the on-going surgical retractors are focusing primarily on optimizing the performance and quality of their surgical retractors to grow their share in the market. Technological advancements in robotics have also led to the growth of the market.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the healthcare industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

  1. Impact Assessment of COVID-19 Pandemic
    1. North America
    2. Europe
    3. Asia Pacific
    4. Latin America
    5. Middle East & Africa
  1. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
  2. Key Strategies Undertaken by Companies to Tackle COVID-19
  3. Long Term Dynamics
  4. Short Term Dynamics

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The report on Surgical Retractors Market highlights:
            ● Assessment of the market
            ● Premium Insights
            ● Competitive Landscape
            ● COVID Impact Analysis
            ● Historic Data, Estimates and Forecast
            ● Company Profiles
            ● Global and Regional Dynamics

Regional Analysis:
North America to Dominate the Global Surgical Retractors Market
North America has dominated the Global Surgical Retractors Market in 2021 and is likely to continue the same trend during the forecast period. The US dominated the North America region in 2021. This is attributable to the increasing number of preventive surgeries in the region. Furthermore, the growing burden of chronic disorders, such as cancer, diabetes, and rising preference for minimally invasive surgical procedures are also anticipated to encourage the adoption of automation in material handling. Additionally, the growing adoption of technologically advanced devices is also expected to support the regional growth of the market in near future. Europe is also expected to grow at a considerable CAGR during the forecast period owing to the high adoption of advanced technologies along with growing demand for minimally invasive procedures over traditional methods in the region.
List of Prominent Players in the Surgical Retractors Market:

  • Medtronic
  • Becton
  • Dickinson and Company (BD)
  • 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. (AMT)
  • Microcure (Suzhou) Medical Technology Co. Ltd.
  • Changzhou Haiers Medical Devices Co. Ltd. Boston Scientific Corporation
  • Coloplast

Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on “Surgical Retractors Market Size, Share & Trends Analysis Report by Type (Handheld, Self-retaining), by Product (Abdominal retractor, Finger retractor, Nerve Retractor, Orthopedic Retractor), by Application (Neurosurgery, Wound closure, Reconstructive surgery, Cardiovascular), by End-use (Hospitals, Ambulatory Surgical Centers, Clinics), by Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)” View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/surgical-retractors-market-930048
Recent Developments:
October, 2020: June Medical announced a product launch under Galaxy II retractor series, which was specifically designed for the male anatomy.
2019: Thompson Surgical developed a table-mounted hip retraction system. It uses flexible tethers to secure retractor blades in place and decreases the staff needed to hold the retractor.
Key questions answered in the report:

  • Which regional market will show the highest and rapid growth?
  • Which are the top five players of the Surgical Retractors Market?  
  • How will the Surgical Retractors Market change in the upcoming six years? 
  • Which application and product will take a lion’s share of the Surgical Retractors Market?           
  • What is the Surgical Retractors market drivers and restrictions?      
  • What will be the CAGR and size of the Surgical Retractors Market throughout the forecast period?        

This market titled “Surgical Retractors Market will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:  

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2021
Historic Years 2016-2020
Forecast Years 2022-2028
Segments Covered
  • Type
  • Product
    • Abdominal retractor
    • Finger retractor
    • Nerve Retractor
    • Orthopedic Retractor
    • Rectal Retractor
    • Thoracic retractor
    • Ribbon retractor
    • Others
  • Application
    • Neurosurgery
    • Wound closure
    • Reconstructive surgery
    • Cardiovascular
    • Orthopedic
    • Obstetrics and Gynecology (Ob/Gyn)
    • Others
  • End-use
    • Hospitals
    • Ambulatory Surgical Centers
    • Clinics
  • Region
    • North America
    • Asia Pacific
    • Europe
    • Latin America
    • Middle East & Africa
Region & Counties Covered
  •  
  • North America
  • Europe
    • U.K
    • France
    • Germany
    • Italy
    • Spain
    • Rest Of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South East Asia
    • Rest Of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest Of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest Of Middle East & Africa
Companies Covered
  • Medtronic
  • Becton
  • Dickinson and Company (BD)
  • 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. (AMT)
  • Microcure (Suzhou) Medical Technology Co.
  • Ltd.
  • Changzhou Haiers Medical Devices Co.
  • Ltd
  • Boston Scientific Corporation
  • Coloplast
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

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