Asia-pacific Surgical Retractors Market 2022-2028

Asia-pacific Surgical Retractors Market 2022-2028

MARKET OUTLOOK

Based on a report by Triton Market Research, the Asia-Pacific surgical retractors market is anticipated to progress at a CAGR of 7.01% during the forecast period 2022-2028. India, Japan, China, ASEAN Countries, South Korea, Australia & New Zealand and Rest of Asia-Pacific are evaluated in the market in this region.

India is one of the fastest-growing economies and the second most populated country in the world. As of 2021, 6.8% of the country’s population was 65 years old and above. Since the elderly population is prone to cardiovascular diseases, it results in the prevalence of heart and lung conditions that form a major cause of death in the country.

With multiple issues adding up, the country expects high demand for surgical procedures that can cure many acute diseases. The burden of treating high chronic diseases and increasing demand for surgical procedures are expected to propel the market’s growth in the country in the coming years.

In Japan, various non-communicable diseases are the leading cause of mortality and morbidity. Along with this, the population of elderly people in the country accounts for 28.7% of the total population. The geriatric population is more prone to chronic disease and surgery requirements. Therefore, it is expected to boost the growth of the surgical retractors market in the country over the forecast period.

COMPETITIVE OUTLOOK

The leading companies in the surgical retractors market include Terumo Corporation, Teleflex Inc, Globus Medical Inc, The Cooper Companies In, Thompson Surgical Instruments, World Precision Instruments and Becton Dickinson and Company.