Global Surgical Retractor Market

The surgical market size was valued at USD 0.8 billion in 2020 and projected to reach USD 1.8 billion by 2027, growing at a CAGR of 7.2% during the forecast period, 2020-2027. Change in the surgical retractors market is mainly caused by the increasing number of surgical procedures, market availability of specialized and application-specific retraction products, the ongoing expansion of the senior population, and rising demand for plastic and reconstructive surgeries. Increasing awareness regarding organ contribution and increasing transplantation operations impact the product. Along with this, open heart surgeries, Kidney operations, and trauma patients contain heavy usage of surgical retractors. The introduction of advanced surgical retractors, which contain minimal effort by surgeons, is being preferred to decrease turnaround time. The increasing adoption of robotic surgery is also expected to recreate an important part of market growth.

What is Surgical Retractor Market?

A surgical retractor is a medically operated tool that is utilized during surgery. An incision is maintained open with the benefit of this instrument during surgery. This instrument is also utilized for pulling back the sutures to stay adjoining to the operative field. Consequently, surgical retractor devices are used in various surgeries, including abdominal surgeries, cardiothoracic surgeries, and orthopedic surgeries. By using these instruments, surgeons can view the organs that need to be operated on. In addition to abdominal, cardiothoracic, and orthopedic surgeries, surgical retractors are used in various other surgeries. Hand retractors, self-retaining retractors, and wire retractors are some types of surgical retractors.

Growth Drivers

Increase in Interfering and Minimally Invasive Surgeries Worldwide to Boost Market demand.

Surgical retractors are mainly operated to segregate the boundaries of an injury or a surgical incision to ensure that underlying organs and tissues remain unharmed. At present, various kinds of surgical retractors, including hand retractors, self-retaining retractors, and table-mounted retractors, are some of the many utilized surgical retractors. Advances in technology and science associated with advancement in the prevailing living standards of people have recreated a key role in controlling the quality of medical supervision and the outcome of various surgical instruments. The demand for minimally invasive surgery persists in growing rapidly around the world, due to which improvement minimally interfering surgery procedures are growing.

Developing new innovative Surgical Retractors

Technological improvements are another factor fueling the global surgical retractors demand growth. Such improvements in medical instruments and equipment have changed operative procedures in the previous few decades. Manufacturers such as Symmetry Surgical supply surgical retractors according to different surgical procedures such as abdominal, cardiovascular, neurology, orthopedics, and others.

Opportunities

A self-retaining retractor doesn’t need an assistant to maintain it in place. These retractors can carry the tissue apart and lock it in place. A sample of a self-retaining retractor contains rib spreaders that carry the ribs separated at the abdominal surgery. It can support locating the vital organ inside the rib enclosure. The handheld retractors, however, require an assistant who can hold them. The right method of using a handheld retractor is that it should be held by its handle to produce maximum exposure of the surgical area, strongest influence, and provide steady retraction.

Restraints

Conducting a surgical operation during spaceflight will become more likely in the future as the duration of missions becomes longer. The greatest minimal surgical capacity was unrestricted on previous missions since the ideal medical care time was short and the likelihood of a surgical event too low to explain carrying surgical hardware onboard. Early demonstrations of surgical methods in the microgravity environment of the parabolic flight indicated the requirement for careful logistical planning and restraint of surgical hardware.

Pre-Covid-19 impact on global Surgical Retractor market

Before the covid-19 outbreak, medical technology has evolved rapidly over the past couple of decades. The progress in the medical sector can be largely attributed to the advent of sophisticated metals and alloys that are increasingly being used in external and internal medical applications. The entry of advanced and special metals has led to high-quality medical instruments, including surgical retractors. Research and development movements restart to explore the potential advantages of different metals to produce medical devices.

Covid-19 impact on global Surgical Retractor market

The COVID-19 outbreak is predicted to deter the growth of the global surgical retractors market over the forecast period. For example, the COVID-19 pandemic and lockdown in different countries across the globe have affected businesses’ financial status across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire healthcare industry’s supply chain due to strict lockdown in several global regions. The COVID-19 pandemic has affected the economy of various regions across the globe in three main ways; by directly affecting the production and demand, creating disruptions in distribution channels, and its economic effect on businesses and financial markets.

Post Covid-19 impact on global Surgical Retractor market

After the covid-19 outbreak, people had delayed or canceled electric surgeries after the COVID-19 for the sake of health, and strict guidelines for life-saving surgeries significantly reduced the demand for surgical retractors. Patient footfall for non-COVID-19 conditions showed a steep decline because of the uncertainty of infections. The surgeries also included transplantation procedures that mandatorily involve the usage of surgical retractors. The count of transplantation procedures fell to around 50% after the wave of COViD-19.

By Product Segmental Analysis

The table-mounted retractors component is predicted to increase at the highest rate during the forecast period. Table-mounted retractors are a progressive self-retaining retractor system scaled to the side rails on the operating table. The development of the table-mounted retractor component is attributed to the benefits of these retractors over traditional retractors (including high reliability and functionality, wide applications, easy access and visibility of the surgical site, and increased procedural convenience).

By Application Segmental Analysis

The surgical retractors demand abdominal applications is anticipated to overpower in 2018. Abdominal applications contain surgical operations on abdominal organs (including stomach, gallbladder, small intestine, large intestine, appendix, liver, pancreas, spleen, esophagus, and appendix). The market for the abdominal applications component is anticipated to account for the most considerable share of the market in 2018. Aspects such as the increased number of surgical operations achieved through the abdominal area and the increasing majority of target disease situations related to abdominal organs, which demand surgical intervention, are pushing the development of this component during the forecast period.

By End-User segmental Analysis

By end-user, hospitals, clinics, and surgical homes are anticipated to be the largest contributor to the surgical retractor market. The hospitals, clinics, and surgical centers segment include inpatient surgical settings that provide advanced surgical services and clinics offering surgical treatments. Hospitals, clinics, and surgical centers are major end-users of surgical equipment and supplies, including surgical retractors. The large market share of this end-user segment can primarily be attributed to the increasing number of hospitals, clinics, and surgical homes, mainly in arising nations and the availability of financing for procurement of surgical equipment as well as human resources with hospitals, including trained staff and skilled professionals to perform advanced surgical procedures.

By Region Segmental Analysis

North America stands as one of the prominent revenue-generating regions in the market. This regional market’s dominant position is due to the region’s high number of surgical operations, the growing geriatric population, and the availability of technological and application-specific products. Similarly, the increased number of surgical procedures in the region, a well-established healthcare system, and ongoing acquisitions by hospitals to boost operating rooms (including surgical instruments) are also driving the growth of this regional market. Furthermore, Europe is also calculated to notice considerable growth in the global surgical retractors market, owing to the region’s increasing launches of surgical retractors. For instance, in 2018, QSpine, a British manufacturer, launched the SURE Single Use Retractor, which helps illuminate the surgical site with integrated LED light cartridges attached to the blades. It delivers superior illumination to traditional overhead lights or headlights. SURE Single Use Retractors are delivered sterile, eliminating the need for sterilization and cleaning.

Competitor Analysis

Companies include Johnson & Johnson, Medtronic Plc., Dickinson and Company, Stryker Corporation, Terumo Corporation, Henry Schein Inc., B. Braun Melsungen AG, Teleflex Incorporated, Integra life Science Holdings Corporation are the prominent key players in the global surgical retractor market. Key Stakeholders

• Regulatory bodies
• Market research and consulting firms
• Local governments
• Suppliers
• Retailers

Recent Developments

• In November 2018, OBP, the highest global developer of single-use, self-contained, informative medical devices, developed its ONETRAC portfolio to contain four new sizes. ONE TRACK is the first single-use, cordless surgical retractor with an integrated LED light source and smoke evacuation channel, delivering optimal access, explanation and direction of a surgical site while reducing the risk of cross-contamination.
• In August 2018, Invuity, a San Francisco-based company, established the Photon Guide Adapt system featuring an adjustable illuminator and retractors for vaginal surgical procedures. The instruments are designed for pelvic organ prolapse repairs and vaginal hysterectomies.
• In March 2017, Ethicon, a subsidiary of Johnson & Johnson, reported the addition of Torax Medical, Inc., a privately-held medical device company. The investment is associated with the company’s strategy of expanding its minimally interfering surgery product portfolio.
• In October 2017, QSpine, a liberated British manufacturer, established the SURE Single Use Retractor. The SURE system (patent pending) offers the surgeon a radiolucent, modular, single-use retractor, efficiently illuminating the surgical area with integrated LED light cartridges connected to the blades.

Scope of the Report

Report Attribute	Details
Market Size Value in 2020	USD 0.8 billion
The revenue forecast in 2027	USD 1.8 Billion
Growth Rate	CAGR of 7.2 % from 2020 to 2027.
Historical data	2017-2019
Forecast period	2021 – 2027
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	Johnson & Johnson, Medtronic Plc., Dickinson and Company, Stryker Corporation, Terumo Corporation, Henry Schein Inc., B.Braun Melsungen AG, Teleflex Incorporated, Integra life Science Holdings Corporation

Market Modelling

By Product

• Handheld
• Self-retaining
• Table-mounted
• Wire

By Design

• Fixed
• Angled
• Elevated

By Application

• Abdominal
• Cardiothoracic
• Orthopedic
• OB/GYN
• Aesthetic

By End-User

• Hospital
• Maternity center
• ACCs

By region

• North America
• Europe
• Asia-Pacific
• South America
• The Middle East & Africa

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