Surgical Retractors Market: Insights into Key Prospects

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Surgical Retractors Market Insights into Key
Prospects In recent times, adopting a
sedentary lifestyle has led to the growing
prevalence of chronic disorders, including
diabetes, cancer and increasing demand for
ophthalmic and orthopedic procedures. The
annual incidence of knee osteoarthritis is
highest between the age of 45-65 years, amounting
to 45 of patients. With the surge in the number
of medical procedures, the demand for surgical
instruments such as retractors is expected to
rise. The global surgical retractors market was
worth 2.19 billion in 2021 and is predicted to
increase at a CAGR of 6.01 during the forecast
period 2022 and 2028.
The market growth is attributed to the rising
number of cardiovascular disease cases and
growing musculoskeletal disorders. Additionally,
quick adoption of technological advancements
and an increase in RD and investments by market
players are anticipated to boost the markets
growth. Surgical Retractors Market
Outlook Medical devices are vital in checking
and providing appropriate treatment to patients
to enhance their health. One such instrument is
the surgical retractors, utilized in various
procedures, including solid, cardiothoracic, and
stomach operations. Hand, self-holding, and wire
are various types of surgical retractors used in
medical procedures.
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• As per World Health Organization, cardiovascular
  diseases are rising, being the top 10 causes of
  death. In 2019, around 17.9 million people died
  from such diseases, amounting to 32 of global
  deaths. Such numbers denote the necessity of
  medical care and surgery to overcome diseases
  such as coronary heart disorder, cerebrovascular
  disorder and others.
• A recent analysis of Global Burden of Disease
  (GBD) data showed approximately 1.71 billion
  people globally have musculoskeletal conditions.
  These conditions are treated with surgeries such
  as knee replacement surgery, hip surgery,
  shoulder replacement surgery, spinal surgery etc.
• The increase in cardiovascular diseases and
  musculoskeletal disorders makes cardiothoracic
  surgery the largest share in the application
  segment market, growing at a CAGR of 4.91. The
  segments growth is attributable to the
  market players such as B Braun, who sells
  Heart XS Sternum Retractor, which gives the
  median access to cardiothoracic surgery. It
  is a modular sternum retraction system for open
  median sternotomy applicable for surgeries with
  and without a heart-lung machine.
• Furthermore, the demand for retractors such as
  handheld, self-retaining and other types has
  grown over time. Among all, Handheld
  retractors hold the highest share in the
  type segment. It represented 45.31 of the
  entire market. The companies like world
  precision center create handheld retractors
  such as 'Senn,' a double-ended instrument
  used in procedures such as orthopedic
  surgeries.
• Currently, Asia-Pacific is expected to be the
  fastest-growing region in the market, with a CAGR
  of 7.01. The region is home to densely populated
  countries with a large number of geriatric people
  with an increased risk of cardiovascular
  diseases. Such ailments necessitate surgery,
  leading to the markets growth.
• Competitors Take on Technological Advancements
• The entrance barriers in the studied market
  range from low to medium. New participants
  are entering the market with organ-specific
  tailored retractors. The combination of existing
  designs and advanced technologies is likely to
  aid in the replacement of traditional retractors.
  One of the most recent examples of such
  integration is the illuminated retractor,
  predicted to swiftly produce significant growth
  in the future.
• Key strategic Initiatives
• In 2020, June Medical partnered with Vivo
  Surgical to launch the Galaxy II LUX
  self-retaining ring retractor with light.
• In April 2021, Medtronic plc announced an
  agreement with Medtronic's StealthStation S8
  careful course structure to integrate Surgical
  Theater's SyncAR extended reality development.
• In May 2019, OBP, a leading developer of
  self-contained and single-use medical
  equipment, announced the release of Onetrac LX, a
  newly developed single-use cordless surgical
  retractor.

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Concluding Statement The growth of the surgical
retractors market is due to the rise in
surgeries and the presence of international
companies. However, the market may face certain
challenges with the technological developments
and rising awareness of minimally invasive
surgery. Such procedures are gaining popularity
due to the small incisions, and a few stitches
used, avoiding unnecessary damage to the body.
Although owing to their high cost and lack of
resources, these surgeries are not an option for
developing countries. Thus, traditional
surgical methods will witness steady growth
in the future. FAQ Q1) Which is the
largest-growing region in the market? North
America is expected to be the
largest-growing region, with 1002.17 million
in 2021 and is anticipated to reach 1458.24
million by 2028, growing at a CAGR of 5.55
during the forecast period. Q2) What are
segments covered in the surgical retractors
market? Type, Application and End-user are the
main segments covered in the surgical retractors
market. Q3) Which are the key end-users of the
surgical retractors market? Hospitals, Ambulatory
Care Centers, and others are the end-users of the
market.