Global Surgical Retractors Market to Reach Around USD 2991 Million by 2025

The global surgical retractors market was valued at approximately USD 1,802 million in 2018 and is expected to generate around USD 2,991 million by 2025, at a CAGR of around 7.5 percent between 2019 and 2025. Surgical retractors are specially designed devices that are used for efficiently performing surgical procedures to hold the incision, tissues, and organs and provide a clear view to the surgeon. These devices are either used manually or robotically and are available in different shapes and sizes. For each surgery type, different retractors are used based on the requirements of the surgeon and surgical procedure. These retractors are made of stainless steel and can be both disposable and non-disposable in nature. For instance, abdominal retractors are used for abdominal surgeries, whereas thoracic retractors are used for thoracic surgeries. In special cases, surgical retractors are fitted with a suction pump and fiber optic light to keep the surgical area dry and illuminated for the surgeon during the surgery.

Surgical retractors market is mainly driven by the increasing number of surgical procedures in the future. There is a constant increase in the prevalence of chronic disorders, which is leading to increased surgical procedures for treating cardiovascular disorders, cancer, etc. Furthermore, the growing geriatric population base and an increasing number of transplant procedures are also expected to support the surgical retractors market globally over the estimated timeframe. Moreover, the increasing road accidents and trauma cases are also expected to promote the surgical retractors market. However, strict regulatory approval process and unfavorable reimbursement scenario may inhibit the surgical retractors market in the future.

The global surgical retractors market is classified into product type, application, and end-user. Based on product type, the market is segmented into self-retaining, wire, handheld, and table-mounted. The table-mounted segment is projected to grow rapidly. By application, the market includes cardiothoracic, OB/GYN, abdominal, orthopedic, and aesthetic. The abdominal segment is likely to grow significantly. Based on end-user, the market is segmented into specialized clinics, ambulatory surgical centers, and hospitals. Ambulatory surgical centers are expected to grow rapidly in the estimated period.

Regionally, North America is slated to dominate the global surgical retractors market. The Asia Pacific is likely to emerge as the fastest growing region in the future, due to the presence of developing economies, such as India and China. Latin American and the Middle Eastern and African markets are expected to develop moderately in the future.

Some key players of the global surgical retractors market are Johnson & Johnson, Invuity, Inc., Medtronic, Terumo Corporation, The Cooper Companies, Inc., Henry Schein, Inc., B. Braun Melsungen AG, Stryker Corporation, RTI Surgical, Inc., Arthrex, Inc., Integra Lifesciences Holdings Corporation, Teleflex Incorporated, Globus Medical, Inc., Becton, Dickinson, and Company, and Medline Industries, Inc. – Zion Market Research