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
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:
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
By Product
By Design
By Application
By End User
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Benefits for Stakeholders
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Surgical Retractor Market
5.1. COVID-19 Landscape: Surgical Retractor Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Surgical Retractor Market, By Type
8.1. Surgical Retractor Market, by Type, 2022-2030
8.1.1. Handheld
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Self-retaining
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Surgical Retractor Market, By Product
9.1. Surgical Retractor Market, by Product, 2022-2030
9.1.1. Handheld
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Orthopaedics Retractor
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Abdominal Retractor
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Table mounted retractor
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Finger Retractor
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Nerve Retractor
9.1.6.1. Market Revenue and Forecast (2017-2030)
9.1.7. Rectal Retractor
9.1.7.1. Market Revenue and Forecast (2017-2030)
9.1.8. Thoracic Retractor
9.1.8.1. Market Revenue and Forecast (2017-2030)
9.1.9. Ribbon Retractor
9.1.9.1. Market Revenue and Forecast (2017-2030)
9.1.10. Others
9.1.10.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Surgical Retractor Market, By Design
10.1. Surgical Retractor Market, by Design, 2022-2030
10.1.1. Fixed/Flat-Frame Retractors
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Angled/Curved-Frame Retractors
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Blade/Elevated-Tip Retractors
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Surgical Retractor Market, By Application
11.1. Surgical Retractor Market, by Application, 2022-2030
11.1.1. Neurosurgery
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Wound Closure
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Reconstructive Surgery
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Cardiovascular
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Orthopaedics
11.1.5.1. Market Revenue and Forecast (2017-2030)
11.1.6. Obstetrics and Gynaecology (Ob/Gyn)
11.1.6.1. Market Revenue and Forecast (2017-2030)
11.1.7. Others
11.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Surgical Retractor Market, By End User
12.1. Surgical Retractor Market, by End User, 2022-2030
12.1.1. Hospitals
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Ambulatory Surgical Centres
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Clinics
12.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Surgical Retractor Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.3. Market Revenue and Forecast, by Design (2017-2030)
13.1.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.5. Market Revenue and Forecast, by End User (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Design (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.7. Market Revenue and Forecast, by End User (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Design (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.1.8.5. Market Revenue and Forecast, by End User (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.3. Market Revenue and Forecast, by Design (2017-2030)
13.2.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.5. Market Revenue and Forecast, by End User (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Design (2017-2030)
13.2.7. Market Revenue and Forecast, by Application (2017-2030)
13.2.8. Market Revenue and Forecast, by End User (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Design (2017-2030)
13.2.10. Market Revenue and Forecast, by Application (2017-2030)
13.2.11. Market Revenue and Forecast, by End User (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Design (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.13. Market Revenue and Forecast, by End User (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Design (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Application (2017-2030)
13.2.15. Market Revenue and Forecast, by End User (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.3. Market Revenue and Forecast, by Design (2017-2030)
13.3.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.5. Market Revenue and Forecast, by End User (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Design (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.7. Market Revenue and Forecast, by End User (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Design (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.9. Market Revenue and Forecast, by End User (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Design (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.10.5. Market Revenue and Forecast, by End User (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Design (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Application (2017-2030)
13.3.11.5. Market Revenue and Forecast, by End User (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.3. Market Revenue and Forecast, by Design (2017-2030)
13.4.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.5. Market Revenue and Forecast, by End User (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Design (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.7. Market Revenue and Forecast, by End User (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Design (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.9. Market Revenue and Forecast, by End User (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Design (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.10.5. Market Revenue and Forecast, by End User (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Design (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Application (2017-2030)
13.4.11.5. Market Revenue and Forecast, by End User (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.3. Market Revenue and Forecast, by Design (2017-2030)
13.5.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.5. Market Revenue and Forecast, by End User (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Design (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.7. Market Revenue and Forecast, by End User (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Design (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Application (2017-2030)
13.5.8.5. Market Revenue and Forecast, by End User (2017-2030)
Chapter 14. Company Profiles
14.1. Terumo Corporation
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Henry Schein, Inc.
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Johnson & Johnson
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Medtronic Public Limited Company
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Becton, Dickinson and Company
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Stryker Corporation
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Globus Medical, Inc.
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Braun Melsungen Ag
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Teleflex Incorporated
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Integra Lifesciences Holdings Corporation
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms