GLOBAL SURGICAL RETRACTORS MARKET 2022-2028

1. 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.

2. 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 R&D 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.