Download
1 / 3
30 likes | 32 Views
Growing geriatric population coupled with the rising prevalence of chronic diseases, increasing number of surgical procedures, and availability of application-specific retraction products are some of the pivotal factors propelling the growth of the surgical retractor market.
E N D
Surgical Retractor Market to Witness Huge Growth by 2031 Growing geriatric population coupled with the rising prevalence of chronic diseases, increasing number of surgical procedures, and availability of application-specific retraction products are some of the pivotal factors propelling the growth of the surgical retractor market. However, the rising demand for minimally invasive surgery (MIS) as an alternative to open surgeries is likely to restrain the market growth to a certain extent. Regulatory approvals and clearances from the government bodies help fast-track the development and commercialization of surgical refractors products. The global surgical retractor market was pegged at ~US$ 1.81 billion in 2020. The market is expected to witness a CAGR of ~7% from 2021 to 2031. Chronic diseases such as cancer, heart attack and stroke, and chronic respiratory problems are the leading causes of death globally. According to the WHO, an estimated 17.9 million people died from CVDs in 2016, representing 31% of all global deaths. Of these deaths, 85% were due to heart attack and stroke. Whereas, according to WHO, cancer is the second leading cause of death globally, and is responsible for an estimated 9.6 million deaths in 2018. About 1 in 6 deaths is due to cancer globally. Hence, the rising prevalence of these diseases coupled with the increasing number of surgeries is expected to propel the growth of the market. Sample PDF of this research study, please request here: https://growthplusreports.com/inquiry/request-sample/surgical-retractor- market/7658 However, the rising demand for minimally invasive surgery (MIS) is expected to restrain the market to a certain extent. MIS is emerging as an alternative to traditional open surgery as well as laparoscopic techniques. Benefits provided by the minimally invasive surgeries over traditional open surgeries such as smaller incisions, lesser pain, shorter hospital stay, faster recovery, less scarring, and less blood loss have increased their demand. This factor is expected to lower the number of open surgeries and hinder the adoption of traditional retractors and thereby hampering the growth of the market to a certain extent. Key Plyers: - ➢Johnson & Johnson Services, Inc ➢BD
➢Stryker ➢Terumo Corporation ➢Medtronic ➢B. Braun Melsungen AG ➢Teleflex Incorporated ➢Integra LifeScience ➢Cooper Surgical Inc ➢Globus Medical, among others Segmentations: By Type •Hand-Held Retractors •Self-Retaining Retractors Application •Abdominal Applications •Orthopedic Applications •Obstetrics & Gynecological Applications •Cardiovascular Applications •Urological Applications Browse the full report now: https://growthplusreports.com/report/surgical- retractor-market/7658 About Us: Growth+Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association). Growth+ portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis, and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success. We were awarded by the prestigious CEO Magazine as "Most Innovative Healthcare Market Research Company in 2020.
