Surgical retractors market is anticipated to grow at a significant CAGR of 6.3% during the forecast period. The increasing number of cases of trauma injuries, and hip and knee replacement procedures are the key factor driving market growth across the globe. For instance, in 2020, as per the report published by American Joint Replacement Registry (AJRR), approximately 2 million hip and knee procedures were performed in the US. There was 24.4% overall cumulative procedural volume growth observed in comparison to the previous year 2019. Thus, owing to the increasing number of such cases the demand for its treatment is growing that in turn requires more surgical reactors and through which the market is growing further. However, stringent regulatory policies and low reimbursement scenarios are factors that are hampering the market growth. Wherever rapid modernization in their healthcare facilities in the emerging markets is creating opportunities for the surgical reactors market.
The global surgical retractors market is segmented based on the type, application, and end-user. On the basis of type, the market is segmented into hand retractors, self-retaining retractors, and others. Based on the application, the market is sub-divided into orthopedic retractors, abdominal retractors, cardiothoracic retractors, and obstetric or gynecological retractors. On the basis of the end-user, the market is segmented into hospitals and ambulatory surgical centers. Among the type segment, Self-Retaining Retractors are witnessing the fastest growth in the market due to widely used reactors as these reactors no require assistance, and allow less crowding is a key factor driving the segment growth. This reactor also has its beneficial properties such as the decreased risk of infection, and adequate exposure to the surgical site, and among others these are factors that are driving segmental growth in the surgical l reactor market.
The orthopaedic retractors segment is anticipated to hold a prominent share in the market owing to, the growing number of orthopedic procedures coupled with increasing road accidents across the globe is a key factor driving segmental growth. Moreover, the increasing innovation and advancements in the product by key players to improve product quilty and to remain competitive in the market are other factors driving the growth of the market. For instance, in June 2022, Sure Retractors unveiled new cervical and mini-open retractor at Becker’s Healthcare 19th Annual Spine, Orthopedic and Pain Management-Driven ASC Conference. The newly developed devices are single-use retractor that supports practices, including maximizing surgical volume and improving operating room efficiency among others. Increasing hip and knee replacement procedures are other factors attributed to which the segment is growing in the surgical reactors market during the forecast period.
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Global Surgical Retractors Market Segmentation
By Type
- Hand Retractor
- Self-Retaining Retractors
- Others (Table-mounted Retractors, and Wire Retractors)
By Application
- Orthopaedic Retractors
- Abdominal Retractors
- Cardiothoracic Retractors
- Obstetric or Gynaecological Retractors
By End-User
- Hospitals
- Ambulatory Surgical Centers
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Aparito Ltd.
- Applied Medical Resources Corp.
- Arthrex, Inc.
- Titan Instruments
- ATEC Spine, Inc.
- Becton, Dickinson and Co.
- BR SURGICAL, LLC
- Cook Group Inc.
- CooperSurgical, Inc.
- Globus Medical Inc.
- Halma plc
- Henry Schein, Inc.
- Innomed, Inc
- LiNA Medical ApS
- Mediflex
- obp Surgical Corp
- Olympus
- Sklar Instruments
- Teleflex Inc.
- Terumo Cardiovascular Systems Corp.
- Thompson Surgical Instruments
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