GLOBAL SURGICAL RETRACTORS MARKET 2022-2028

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Global Surgical Retractors Market is Expected to
Advance at a CAGR of 6.01 by 2028 Triton Market
Research presents the Global Surgical Retractors
Market report sectioned by Type (Handheld
Retractors, Self-retaining Retractors, Other
Types), Application (Obstetrics and Gynecology,
Cardiothoracic Surgery, General Surgery,
Orthopedics, Neurosurgery, Other Applications),
End-user (Hospitals, Ambulatory Care Centers,
Other End-users), and Regional Outlook (North
America, Latin America, Europe, Asia-Pacific,
Middle East and Africa). The report further
discusses the Market Summary, Industry Outlook,
Impact of COVID-19, Key Insights, Porter's Five
Forces Analysis, Market Attractiveness Index,
Vendor Scorecard, Drivers, Challenges,
Opportunities, Competitive Landscape, Research
Methodology Scope, Global Market Size,
Forecasts Analysis (2022-2028).
The market report by Triton suggests that the
global surgical retractors market is anticipated
to witness growth at a CAGR of 3.95 over the
forecast period 2022-2028. Surgical retractors
are instruments that assist surgeons and other
operating staff in keeping an incision or wound
open during surgery. Cardiovascular diseases are
rising, amounting to 17.9 million deaths
worldwide in 2019. The disease has a global
effect on a large population. Most patients
require medical care and surgery to overcome
health conditions such as coronary heart disease,
cerebrovascular disease, etc. Such surgeries
require an incision to operate on the patient
properly, as the surgery is critical and can take
long hours. In this regard, retractors assist
surgeons in keeping the cavity open. Thus, growth
in heart diseases and operating surgeries are
expected to encourage the growth of the surgical
retractors market.
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However, advanced surgical methods, such as the
emergence of minimally invasive surgery, are
expected to hamper the market growth. Globally,
Asia-Pacific is expected to become the
fastest-growing region in the surgical retractors
market. The region's expansion is mostly
attributable to strong healthcare infrastructure
in countries like Japan and continuous
developments in countries like India and China.
Additionally, it is projected that market
participants would raise their RD and investment
efforts, promoting demand for surgical
retractors. These factors are expected to
supplement the surgical retractor's market
growth. Leading companies excelling in the
fitness equipment market include B Braun Holding
GmbH Co KG, Becton Dickinson and Company,
Terumo Corporation, Stryker Corporation, World
Precision Instruments, Teleflex Inc, Globus
Medical Inc, The Cooper Companies Inc, Thompson
Surgical Instruments, Mediflex, Medtronic Plc,
and Integra Life Sciences. Surgical retractors
have no direct or indirect substitute available
in the market. The use and application of
surgical retractors can solely be attained by
using them and no other surgical instruments.
However, several retractors are available, each
with a different size and length. Thus, as no
substitute is available in the market, the demand
for surgical retractors is always present. Hence,
it can be concluded that substitution power is
low in the studied market.