Europe Surgical Retractors Market 2022-2028

Europe Surgical Retractors Market 2022-2028

MARKET OUTLOOK

A study by Triton Market Research states that Europe’s surgical retractors market is anticipated to accelerate at a CAGR of 5.81% over the forecast period between 2022-2028. The countries studied across the market include Germany, Nordic Countries, France, the United Kingdom, Italy, Spain and Rest of Europe.

In England, around 10 million operations are performed yearly for hernias, hip replacement, knee replacement, gall bladder removal, etc. Additionally, data by NHS England denotes that around 6.4 million people in England are waiting to start routine hospital treatment, including surgeries. In 2021, surgical operations in the country rose as a result of the increasing waiting period due to the COVID-19 pandemic. Hence, the increase in surgical procedures is expected to grow the demand for surgical instruments such as retractors.

In Germany, factors such as greater healthcare expenditure and increasing prevalence of diseases are boosting the surgical retractors market. The healthcare expenditure of the country is 11.2% of its GDP, higher than any other country in the EU. Further, cardiovascular disease and cancer cause nearly two-thirds of deaths in the country, thus increasing the number of surgeries for such conditions. Such factors are propelling the demand for surgical retractors in the country. This, in turn, is expected to fuel the growth of the studied market in the years to come.

COMPETITIVE OUTLOOK

Becton Dickinson and Company, B Braun Holding GmbH & Co KG, Integra Life Sciences, Medtronic Plc, Stryker Corporation, Mediflex, and World Precision Instruments are the dominant players in the surgical retractors market.