Surgical Retractors Market by Product (Hand-held, Self-retaining, Wire), Design (Fixed, Angled, Elevated), Application (Abdominal, Cardiothoracic, Orthopedic, Urological, Aesthetic), End User (Hospitals, Fertility Centers, ASCs) - Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The global Surgical Retractors market size was estimated at USD 1.9 billion in 2022 and is expected to surpass around USD 6.8 billion by 2030 and poised to grow at a compound annual growth rate (CAGR) of 11.8% during the forecast period 2022 to 2030. Growth in this market is majorly driven by the rising prevalence of chronic diseases along with a significant rise in the geriatric population, the availability of specialized retraction products, and increasing number of surgical procedures worldwide.

Report Scope of the Surgical Retractors Market

COVID-19 Impact

During the COVID-19 pandemic surge, the increased pressure due to the growing rate of hospitalization of COVID-19 patients led to the re-profiling of many hospitals and departments for treating patients with COVID-19. The pandemic also resulted in disruptions in the supply chain, affecting the global medical devices industry. The pandemic has adversely impacted global financial conditions, operations, and crisis response plans. The manufacturers of surgical instruments faced the heat of the disruptions owing to the spread of COVID-19, leading to lockdowns and travel restrictions. The manufacturing of medical devices such as surgical retractors was significantly impacted as major economies were severely affected due to the spread of COVID-19 infections.

In the post-pandemic period, hospitals have ramped up surgical operations with improved safety protocols, and surgery rates began to revive, which led to an increase in the adoption of surgical retractors by surgeons.

Surgical Retractors Market Dynamics

Driver: Increasing number of surgical procedures worldwide

Surgical retractors are widely used in open surgeries, endoscopy, dermatology, ophthalmology, and dentistry. Over the years, the affordability and accessibility to surgical care have increased, leading to a significant rise in the number of surgical procedures performed utilizing surgical retractors. The increasing prevalence of chronic diseases and a subsequent rise in surgical procedures have increased the demand for advanced surgical equipment, including surgical retractors.

Restraint: Increased preference for minimally invasive surgeries

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: High growth opportunities in emerging markets

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:  Shortage of surgeons

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.

The blade/elevated-tip retractors segment is expected to register the highest CAGR during the forecast period

Based on design, the global surgical retractors market is segmented into fixed/flat-frame retractors, angled/ curved-frame retractors, and blade/elevated-tip retractors. The blade/elevated-tip retractors segment is expected to register the highest growth during the forecast period. This is mainly due to the improved traction and strong grip offered by blade/elevated-tip retractors.

The tissue handling and dissection segment accounted for the largest share of the surgical retractors market, by usage in 2021

Based on usage, the market is segmented into tissue handling and dissection, and fluid swabbing. The large share of the tissue handling and dissection segment can be attributed to the increased handling of tissues, organs, and ligaments around the surgical area with the increasing number of surgical procedures globally.

The abdominal surgeries segment accounted for the largest share of the surgical retractors market, by application

Based on application, the market is segmented into abdominal surgeries, cardiothoracic surgeries, orthopedic surgeries, obstetric and gynecological surgeries, urological surgeries, aesthetic surgeries, head, neck, and spinal surgeries, and other surgeries. The largest share of the abdominal surgeries segment can be attributed to the increased adoption of surgical retractors in abdominal surgeries and large number of surgical procedures targeted through the abdominal area.

North America accounted for the largest share of the surgical retractors market in 2021

In 2021, North America accounted for the largest share of the market. Market growth in this region is characterized by the rising geriatric population and the subsequent increase in the prevalence of chronic diseases, such as arthritis, large number of surgical procedures performed in the region, and the presence of a well-established healthcare system.

Some of the prominent players in the Surgical Retractors Market include:  Becton, Dickinson and Company (US), B. Braun Melsungen AG (Germany), Integra LifeSciences (US), Teleflex Incorporated (US), Medtronic plc (US), Johnson & Johnson (US), Stryker Corporation (US), Henry Schein, Inc. (US), Sklar Surgical Instruments (US), Mediflex Surgical Products (US), Medline Industries, Inc. (US), Bausch Health Companies, Inc. (Canada), Thompson Surgical Instruments (US), BR Surgical, LLC (US), The Cooper Companies, Inc. (US), Innomed, Inc. (US), Terumo Corporation (Japan), Globus Medical, Inc. (US), Halma plc (UK), Enovis Corporation (US), CONMED Corporation (US), Olympus Corporation (Japan), Arthrex, Inc. (US), Applied Medical Resources Corporation (US), and LiNA Medical ApS (Denmark).

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 Retractors market

Surgical Retractors Market, By Product

• Handheld Retractors
• Self-retaining Retractors
• Table-mounted Retractors
• Wire Retractors
• Accessories

Surgical Retractors Market, By Design

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

Surgical Retractors Market, By Usage

• Tissue Handling and Dissection
• Fluid Swabbing

Surgical Retractors Market, By Application

• Abdominal Surgeries
• Cardiothoracic Surgeries
• Orthopedic Surgeries
• Obstetric and Gynecological Surgeries
• Urological Surgeries
• Aesthetic Surgeries
• Head, Neck, and Spinal Surgeries
• Other Surgeries

Surgical Retractors Market, By End User

• Hospitals, Clinics, and Surgical Centers
• Ambulatory Care Centers
• Maternity and Fertility Centers

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 Points Covered in Surgical Retractors Market Study:

• Growth of Surgical Retractors in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Surgical Retractors and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Surgical Retractors Consumption Analysis
•  Surgical Retractors Production Analysis
•  Surgical Retractors and Management