Surgical Retractors Market (By Type: Handheld, Self-retaining; By Product: Abdominal retractor, Finger retractor, Nerve Retractor, Orthopedic Retractor, Rectal Retractor, Thoracic retractor, Ribbon retractor, Others; By Application: Neurosurgery, Wound closure, Reconstructive surgery, Cardiovascular, Orthopedic, Obstetrics and Gynecology (Ob/Gyn), Others; By End-use: Hospitals, Ambulatory Surgical Center, Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Feb 2021 | No. of Pages : 150+ Pages | Category : Healthcare

The global Surgical Retractors market size is expected to be worth around US$ 2.81 billion by 2030, according to a new report by Vision Research Reports.

The global Surgical Retractors market size was valued at US$ 1.50 billion in 2020 and is anticipated to grow at a CAGR of 3.6% during forecast period 2021 to 2030.

Growth Factors

The market is primarily driven by unprecedented upsurge in surgical volume over the past few years. According to data published by WHO, the global surgical volume was estimated at 312.9 million in 2012 from 226.4 million in 2004. The statistics also showed that the mean global surgical rate is approximately 4,469 surgeries per 100,000 population per year. These numbers exemplify the widening scope of surgery and adoption of retractors.

Increase in number of cesarean surgeries has fueled demand for C-section retractors. As per the American Medical Association, adoption rate of cesarean surgeries is around 19.0% globally. Technological developments, such as automation in surgical instruments, are improving minimally invasive surgeries, thus creating high growth potential for the market. For instance, advent of atraumatic laparoscopic retractors and 3D retractors has ensured greater safety during surgeries and reduced post-operative complications.

Report Highlights

Surgical retractors can be hand-held or self-retaining. The self-retaining segment is anticipated to register the highest growth rate owing to technological advancements. The head-mounted fiber-optic incorporated ‘The Opight’ retractor is an example of such advancements. Moreover, the rise in spending on medical instruments in developed as well as developing countries will drive this segment.

Established players have been focusing on research and development activities to introduce innovative product lines and supporting accessories into the market. For instance, in December 2016, Mediflex released its patented technology FlexGuard Blade Cushion. It is a disposable and sterile accessory designed for retractor blades, which serves as a shock absorber and increases patient safety.

Orthopedic retractors held the dominant share in the surgical retractors market in 2017. This can be attributed to the rising geriatric population. Elderly people are more prone to knee and hip arthritis. Musculoskeletal pain, such as that resulting from hip and knee osteoarthritis, is a major reason for the increasing prevalence of physical disability globally. According to the Centers for Disease Control and Prevention (CDC), more than 30 million adults in U. S. are affected by arthritis.

Increasing demand for knee and hip replacement surgeries among obese patients is another important factor contributing to segment growth. Obesity has become a significant public health concern in most developed countries. WHO states that the rate of obesity has tripled since 1975. It also states that in U. S., around 650 million adults above age 18 are obese, while more than 1. 9 billion are overweight.

In terms of application, the obstetrics and gynecology segment held the majority share owing to the surge in the prevalence of gynecological disorders such as polycystic ovary syndrome (PCOS), uterine cancer, and cervical cancer. Moreover, rising awareness about the benefits of regular check-ups has resulted in more gynecological surgeries, thereby boosting the usage of retractors in this segment.

The neurosurgery segment is expected to grow at a higher pace during the forecast period. The availability of technologically advanced instruments for neurosurgery, coupled with high spending on medical devices and equipment by healthcare facilities, will boost segment growth in the future.

In terms of end-use, hospitals held the dominant share of 51. 7% in 2017. A high volume of operative procedures performed in hospitals is a key factor contributing to the leading share of this segment. Developing regions such as the Asia Pacific and the Middle East and Africa are witnessing improvement in healthcare infrastructure and economic development and this is slated to drive this end-use segment.

The ambulatory surgery centers segment is expected to showcase significant growth during the forecast period. The growth of the segment is attributed to the rising preference for minimally invasive surgeries and robot-assisted surgery. Rising awareness about aesthetic procedures will further drive this segment in developed regions. Products by companies such as Senn and Beckman-Weitlaner have played a pivotal role in aesthetic procedures.

In 2017, North America accounted for the dominant share in the global market. Numerous collaborative efforts by key players to improve their R&D proficiencies and ensure high-quality standards are expected to boost demand for retractors across this region.

The region’s dominance can also be attributed to the high disease burden. For instance, according to a study conducted by the CDC, heart disease is the main cause of the high mortality rate in the U. S., among both women and men. An increase in the adoption of robot-assisted minimally invasive surgeries will further fuel the North American market.

Report Coverage Details
Market Size US$ 2.81 billion by 2030
Growth Rate CAGR of 3.6% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Type, Product, Application, End-use
Regional Scope North America, Latin America, Europe, Asia Pacific, MEA
Companies Mentioned Medtronic; Becton, Dickinson and Company (BD); Medical Devices Business Services, Inc.; Teleflex Incorporated; Medline Industries, Inc.; B. Braun Melsungen AG; Applied Medical Resources Corporation; Thompson Surgical; Innomed, Inc.; LiNA Medical ApS; Vivo Surgical Private Limited; BVI; CooperSurgical Inc.; Stryker; Terumo Corporation; June Medical Group; Mediflex Surgical Products; Chamfond Biotech Co., Ltd; Applied Medical Technology, Inc. (AMT); Microcure (Suzhou) Medical Technology Co., Ltd.; Changzhou Haiers Medical Devices Co., Ltd; Boston Scientific Corporation; Coloplast

Key Players

Johnson & Johnson; CONMED Corporation; Becton Dickinson and Company; Sklar Surgical Instruments; Teleflex Incorporated; BR Surgical; Medtronic; Olympus Corporation; CooperSurgical; Inc

Market Segmentation

  • Type Outlook 

    • Hand-held

    • Self-retraining

  • Product Outlook 

    • Abdominal

    • Finger

    • Nerve

    • Orthopedic

    • Rectal

    • Thoracic

    • Ribbon

    • Others

  • Application Outlook 

    • Neurosurgery

    • Wound Closure

    • Reconstructive Surgery

    • Cardiovascular

    • Orthopedic

    • Obstetrics & Gynecology

    • Others

  • End-use Outlook 

    • Hospitals

    • Ambulatory Surgical Centers

    • Others

  • Regional Outlook 

    • North America

      • U. S.

      • Canada

    • Europe

      • U. K.

      • Germany

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

The Surgical Retractors market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Surgical Retractors market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Surgical Retractors market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Surgical Retractors market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Surgical Retractors market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Surgical Retractors capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Surgical Retractors by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Surgical Retractors market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Surgical Retractors market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Surgical Retractors market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Surgical Retractors industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Surgical Retractors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Surgical Retractors market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Surgical Retractors market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Surgical Retractors market. These factors have benefited the growth of the global market for Surgical Retractors. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Surgical Retractors. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Surgical Retractors are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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