North America Surgical Retractors Market Forecast 2022-2030
KEY FINDINGS
The North America surgical retractors market is projected to grow with a 5.75% CAGR during the forecast years, 2022-2030. The market growth is accelerated by a huge number of surgical procedures and the presence of numerous leading global players in the region.
MARKET INSIGHTS
The North America surgical retractors market growth estimations entail the evaluation of Canada and United States. According to Canadian Medical Protective Association (CMPA), more than one million surgical procedures are performed annually in Canada. Moreover, as per Canadian Institute for Health Information (CIHI), Canadian hospitals have performed 560,000 fewer surgeries since the pandemic. However, the numbers are expected to regrow at pre-covid levels.
Furthermore, cesarean section delivery, hip replacement surgery, knee replacement surgery etc., are some of the surgeries performed in high numbers in Canada, most of which require surgical retractors. On the other hand, several key companies involved in the market are increasingly focusing on launching new variants over the past decade and expanding their product portfolio to strengthen their competitive foothold. Thus, all these factors are expected to grow market demand for surgical retractors.
COMPETITIVE INSIGHTS
Key market players are Globus Medical Inc, Becton Dickinson and Company, The Cooper Companies Inc, Integra Lifesciences Holdings Corporation, Teleflex Inc, etc.
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