Surgical Retractor Market (By Type: Handheld, Self-retaining; By Product: Handheld, Orthopaedics Retractor, Abdominal Retractor, Table mounted retractor, Finger Retractor, others; By Design: Fixed/Flat-Frame Retractors, Angled/Curved-Frame Retractors, Blade/Elevated-Tip Retractors; By Application; By End User)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Surgical Retractor market size was estimated at USD 57.5 billion in 2021 and is expected to surpass around USD 142.2 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 10.58% during the forecast period 2022 to 2030.

Key Takeaway

  • By type, the handheld retractors segment has accounted highest revenue share of over 55% in 2021.
  • By product, the orthopedic retractors segment has contributed highest market share 19% in 2021.
  • The abdominal retractor product segment is projected to grow at a CAGR of 5.4% from 2022 to 2030.
  • By application, the obstetrics and gynecology (Ob/Gyn) segment has garnered market share of over 25% in 2021.
  • The orthopedic application segment is anticipated to reach at a CAGR of 5.4% from 2022 to 2030.
  • By end user, the hospitals segment has contributed market share of 51% in 2021.
  • North America region accounted market share of over 31% in 2021 and is predicted to grow at a CAGR of 5.3% over the forecast period. 
  • Europe region has accounted market share of over 25% in 2021.

Surgical Retractors Market: Overview

Surgical retractors help surgeons and operating room professionals to hold an incision or wound open during surgical procedures. These instruments aid in holding back underlying organs or tissues, allowing doctors/nurses better visibility and access to the exposed area.

Hand-held retractor is the most commonly used surgical device. Generally, hand-held retractors are composed of a blade that may be flat, curved, or hook-like with a broad handle to be held by hand.

The global surgical retractors market has experienced significant growth in the last decade due to factors such as rise in the number of surgical procedures and increase in global geriatric population

Different types of surgical retractors are used in surgical procedures, including hand-held retractors, self-retaining retractors, and table-mounted retractors

Report Scope of the Surgical Retractor Market

Report Coverage

Details

Market Size in 2022

USD 63.59 Billion

Market Size by 2030

USD 142.2 Billion

Growth Rate from 2022 to 2030

CAGR of 10.58%

Base Year

2021

Forecast Period

2022 to 2030

Segments Covered

Type, Product, Design, Application, End user, Geography

Companies Mentioned

Terumo Corporation, Henry Schein, Inc., Johnson & Johnson, Medtronic Public Limited Company, Becton, Dickinson and Company, Stryker Corporation, Globus Medical, Inc., Braun Melsungen Ag, and others

 

Surgical Retractors Market Dynamics

Driver:

Rise in the number of surgeries drives demand for surgical retractors. According to the CDC, 32% of all live births in the U.S. were cesarean deliveries. Cesarean section is one of the most common procedures performed in the European Union (EU). This procedure is performed 1.4 million times in Europe each year. Globally, 21% of babies are born via C-section and around 32.7% of babies in Australia are born via C-section. Increase in the number of injury cases is also one of the factors attributed to the growth of the global surgical retractors market during the forecast period.

Leading players focus on developing new innovative surgical retractors for surgical procedures. Technological advancements is another factor fueling the growth of the global surgical retractors market. Such advancements in medical devices and equipment have transformed operative procedures in the last few decades. Introduction of devices such as illuminated, single-use, laparoscopic retractors is a key example. Manufacturers such as Symmetry Surgical provide surgical retractors according to various types of surgical procedure such as abdominal, cardiovascular, neurology, orthopedics, and others.

Restraint:

In the past decade, there has been a significant increase in the preference for minimally invasive and non-invasive surgical procedures over traditional surgical procedures. Minimally invasive surgeries offer several benefits over open surgical procedures, such as shorter hospitalization time, reduced postoperative complications, faster recovery time, higher efficacy, and reduced pain. These procedures are also more economical than traditional surgical procedures. Minimally invasive surgical procedures utilize uniquely designed surgical instruments and specialized visualization technologies (such as catheter-based cameras and guidewires) that eliminate the use of surgical retractors. Thus, the growing preference for minimally invasive and non-invasive aesthetic procedures is expected to negatively affect the revenue growth for surgical retractors during the study period.

Opportunity:

Emerging countries (such as China, Brazil, Mexico, and India) present significant growth opportunities for players in the surgical retractors market. The demand for surgical retractors in these countries is increasing owing to the rapid growth in healthcare infrastructure, increasing public and private healthcare expenditure, and growth in medical tourism. Additionally, the rising number of well-skilled surgeons, coupled with a sharp rise in target surgical procedures across these countries, is also poised to contribute to overall demand growth. Other emerging countries are also witnessing rapid modernization in their healthcare facilities and the expansion of healthcare infrastructure. This factor is contributing to the increasing procurement of medical devices and surgical instruments.

Rising medical tourism in the emerging countries, due to the low cost of surgical treatment options, also presents new growth avenues for surgical retractor providers.

Challenge: 

The growth in the geriatric population increases the burden on the medical system. Older individuals require more medical services and care as compared to younger counterparts. As the application of the surgical retractors during surgery is very complex, it requires skilled surgeons and physicians for effective utilization. Currently, the lack of skilled surgeons, both in developed and developing economies, is one of the major factors limiting the adoption of surgical retractors. Additionally, with an aging population and an increase in the incidence of chronic disease, patients will require more surgical procedures over their lifetime. The increasing life span of the population is also boosting the need for surgical procedures. While the demand for surgeons is steadily increasing, the supply of future surgeons is not rising at the same rate. Therefore, this shortage is likely to reduce the number of surgeries performed per year, negatively impacting the use of surgical retractors.

Products Insights

The table-mounted retractors fragment is supposed to develop at the most noteworthy rate during the estimate time frame. Table-mounted retractors are progressed kind of self-holding retractor frameworks mounted to the side rails on the surgical table. The development of the table-mounted retractor portion is credited to variables like benefits of these retractors over conventional retractors, (counting high unwavering quality and usefulness, wide applications, simple access and perceivability of the surgical site, and expanded procedural comfort).

Application Insights

By application, the surgical retractors market for obstetrics applications is supposed to have prevailing offer in 2021. The Obstetrics applications remember surgical activity for Obstetrics organs (counting Obstetrics, gallbladder, small digestive tract, digestive organ, informative supplement, liver, pancreas, spleen, throat and reference section, among others). Factors, for example, increasing number surgeries performed through Obstetrics locale and expanding pervasiveness target sickness conditions connected with Obstetrics organs, which require surgical intercession are driving the development of this portion during the conjecture time frame.

The orthopedics retractors are expected to enroll critical CAGR attributable to the developing number of muscular techniques because of the rising number of mishaps, hip and knee substitution strategies all over the world. As indicated by the Global Status Report on Road Safety 2018 by World Health Organization (WHO), roughly 1.35 million individuals pass on from street mishaps consistently. Besides, 20 to 50 million additional individuals experience non-lethal wounds, with many causing an inability because of their physical issue.

Besides, progressions in the item advances, organizations exertion in further developing the item quality and expanding reception expected to support the section development sooner rather than later. For example, OBP Medical Corporation has sent off Single-Use cordless surgical retractor ONETRAC LX, with the coordinated illuminator.

End User Insights

By end use, hospital segment supposed to be the biggest supporter of the surgical retractor market. The clinics, facilities, and surgical focuses portion incorporates ongoing surgical settings that offer high level surgical types of assistance, and centers offering surgical medicines. Clinics, facilities, and surgical focuses are significant end clients of surgical gear and supplies (counting surgical retractors).

Regional Insights

North America is supposed to hold a huge offer in the surgical retractor market during the figure time frame. The North America is one of the significant income producing districts on the lookout. The predominant place of this local market is attributable to variables like the big number of surgeries in the district, developing maturing populace, and accessibility of particular and application explicit items. Besides, the large number of surgeries in the locale, the presence of a deep-rooted medical services framework, and on-going speculations by emergency clinics to overhaul working rooms (counting surgical instruments) are likewise driving the development of this provincial market.

Among the districts, Asia Pacific is expected to have a high CAGR inferable from further developing medical care foundation and developing geriatric populace and a rising number of medical procedures. Moreover, the rising mechanical progression in the field of medical procedures and market methodologies embracing by the significant market players to extend their business in Asia-Pacific district are supposed to push the general development of the market over the figure period.

Some of the prominent players in the Surgical Retractor Market include:

  • Terumo Corporation
  • Henry Schein, Inc.
  • Johnson & Johnson
  • Medtronic Public Limited Company
  • Becton, Dickinson and Company
  • Stryker Corporation
  • Globus Medical, Inc.
  • Braun Melsungen Ag
  • Teleflex Incorporated
  • Integra Lifesciences Holdings Corporation
  • The Cooper Companies, Inc.
  • Rti Surgical, Inc.
  • Arthrex, Inc.
  • Invuity, Inc.
  • Medline Industries, Inc.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Surgical Retractor market

By Type

  • Handheld
  • Self-retaining

By Product

  • Handheld
  • Orthopaedics Retractor
  • Abdominal Retractor
  • Table mounted retractor
  • Finger Retractor
  • Nerve Retractor
  • Rectal Retractor
  • Thoracic Retractor
  • Ribbon Retractor
  • Others

By Design

  • Fixed/Flat-Frame Retractors
  • Angled/Curved-Frame Retractors
  • Blade/Elevated-Tip Retractors

By Application

  • Neurosurgery
  • Wound Closure
  • Reconstructive Surgery
  • Cardiovascular
  • Orthopaedics
  • Obstetrics and Gynaecology (Ob/Gyn)
  • Others

By End User

  • Hospitals
  • Ambulatory Surgical Centres
  • Clinics

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Surgical Retractor industry analysis from 2022 to 2030 to identify the prevailing Surgical Retractor industry opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the global Surgical Retractor industry segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global Surgical Retractor industry trends, key players, market segments, application areas, and market growth strategies.