Increasing Geriatric Population Set to Underscore Growth in Global Surgical Retractors Market from 2020 to 2030: TMR

- Increase in number of cosmetic surgeries and in Cesarean Section deliveries will drive growth in the market

- Geriatric population will lead to more surgeries and a higher demand for retractors over the forecast period

- North America to dominate the market; Asia Pacific to create gainful opportunities of growth

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Jun 23, 2020, 06:30 ET

ALBANY, New York, June 23, 2020 /PRNewswire/ -- Many trends and drivers are impacting growth in global surgical retractors market over the forecast period. One of the most significant factors leading to higher demand in the market is growing demand for reconstructive and plastic surgeries. In 2018, about 1.8 million cosmetic surgeries were performed across the globe. Another major factor of growth is increase in number of people aged above 60.

As per Transparency Market Research, "The global surgical retractors market would grow at a rate of about 5% from 2020 to 2030. Owing to this, the market worth will increase to about USD 3.1 billion over the stated period."

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Key Findings of Global Surgical Retractors Market Study:

In the product type category, the segment for hand-held retractors is set to dominate market landscape
In the category of application, it is anticipated that the segment for abdominal surgeries will contribute immensely to growth in the market
As an end-user, hospitals will account for a massive share of growth in the global surgical retractors market over the forecast period.

For a detailed analysis of global surgical retractors market by product type, application, end-user, and region, visit TOC https://www.transparencymarketresearch.com/report-toc/34433

Key Drivers of Growth in Global Surgical Retractors Market:

Transparency Market Research has identified top trends and drivers which are helping the global surgical retractors market in staying on an upward facing and steady growth trajectory over the forecast period. A glimpse into these is provided below:

Increase in number of surgical procedures across the world are paving way for higher demand of surgical retractors
Cesarean section is gaining popularity world-over, especially in the United States of America where 32% of all live births are cesarean deliveries
In Europe, Cesarean deliveries are performed about 1.4 million times annually; 32.7% babies in Australia are delivered via this procedure
Severe injuries are also a notable growth factor for demand of surgical retractors
Innovation in the market landscape is also set to drive the global surgical retractors market
A rapidly ageing population across the globe is leading to notable demand for surgeries, increasing demand for retractors

Analyze global surgical retractors market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=34433

Regional Analysis of Global Surgical Retractors Market:

North America will dominate the global surgical retractors market over the forecast period
Robust Healthcare infrastructure, growing number of people aged 65 and above, and presence of strong players in the market to contribute to growth in the region
Asia Pacific region to grow at a high rate, creating a slew of growth opportunities for market players

Competitive Landscape of Global Surgical Retractors Market:

Transparency Market Research notes various business strategies that top players in the market resort to in order to slice-off a larger market share. It is significant to note here that players have a sharp eye on research and development (R&D) and collaborative alliances that can pave way for future growth.

The leading players that are marking the vendor landscape of global surgical retractors market over the forecast period are Medtronic, Stryker, Terumo Corporation, Integra LifeSciences, Ethicon (Johnson & Johnson Services, Inc.), BD, Teleflex Incorporated, B. Braun Melsungen AG, Invuity, Inc., and Medline Industries, Inc., among others.

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Global Surgical Retractors Market: Segmentation

Surgical Retractors Market, by Product Type

Hand-held Retractors
Self-retaining Retractors
Table-mounted Retractors
Others

Surgical Retractors Market, by Application

Abdominal Surgeries
Cardiothoracic Surgeries
Orthopedic Surgeries
Obstetric & Gynecological Surgeries
Others

Surgical Retractors Market, by End User

Hospitals
Ambulatory Surgical Centers
Others

Surgical Retractors Market, by Region

North America

U.S.
Canada

Europe

Germany
U.K.
France
Italy
Spain
Rest of Europe

Asia Pacific

China
India
Japan
Australia & New Zealand
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

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Surgical Glue Market: Advancements in the surgical glue market were primarily aimed at addressing the limitations of traditional wound sealing techniques. Furthermore, due to favorable biological and physical properties of surgical glue, more number of surgeons are using this technique to seal wounds. Surgical glue is derived from several natural biopolymers including gelatin, collagen, chitosan, albumin, and fibrin.

Soft Tissue Retractors Market: The soft tissue retractors market is driven by an increase in the number of surgical procedures such as cardiac & thoracic surgeries, rise in the prevalence of chronic diseases such as cardiac diseases, and increase in demand for tissue retreaters. Additionally, the introduction of single-use and illuminated tissue retractors with self-locking and self-retaining design is anticipated to augment the market

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SOURCE Transparency Market Research