San
Francisco, 22 November 2018, The global surgical retractors market size is expected to reach USD 1.81 billion by
2025, according to a new report by Grand View Research, Inc., registering a 3.2%
CAGR over the forecast period. 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.
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Report On Surgical Retractors Market Analysis:www.grandviewresearch.com/industry-analysis/surgical-retractors-market
Further key findings from the report suggest:
·
By type, hand-held retractors
accounted for the largest share in 2017 as a result of advantages such as low
cost of product handling, storage, and maintenance. Self-retaining retractors
are predicted to exhibit lucrative growth owing to greater convenience
associated with them
·
On the basis of product,
orthopedic retractors held a considerable share in 2017 owing to increasing
incidence of orthopedic disorders in bariatric and geriatric patients
·
Obstetrics and gynecology
dominated the market based on application owing to upsurge in number of
C-section surgeries and gynecological preventive examinations globally
·
In 2017, North America held a
substantial market share owing to growing prevalence of chronic diseases and
presence of highly advanced medical infrastructure. Adoption of technologically
advanced products is also presenting high growth prospects
·
The market in Asia Pacific is
anticipated to witness significant growth owing to improving healthcare
systems, rising healthcare expenditure, and growing awareness
·
Key companies include Teleflex,
Johnson & Johnson, B.Braun, Medtronic, Thompson Surgical, and Becton, Dickinson
and Company
·
The market is highly
competitive with key participants consistently deploying strategies such as
mergers and acquisitions to gain competitive advantage. For instance, in April
2017, Teleflex acquired Pyng Medical to gain a leadership position and expand
its product portfolio.
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Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global surgical retractors market on the basis of type, product, application,
end use, and region:
Surgical Retractors Type
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hand-held
·
Self-retaining
Surgical Retractors Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Abdominal
·
Finger
·
Nerve
·
Orthopedic
·
Rectal
·
Thoracic
·
Ribbon
·
Others
Surgical Retractors Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Neurosurgery
·
Wound Closure
·
Reconstructive Surgery
·
Cardiovascular
·
Orthopedic
·
Obstetrics & Gynecology
·
Others
Surgical Retractors End-use
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals
·
Ambulatory Surgical Centers
·
Others
Surgical Retractors Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
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www.grandviewresearch.com/press-release/global-surgical-retractors-market
www.grandviewresearch.com/press-release/global-surgical-retractors-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
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