Global Surgical Retractors Market 2022-2028
MARKET OUTLOOK
A report by Triton Market Research highlights that the global surgical retractors market is anticipated to surge at a CAGR of 6.01% during the forecast period 2022-2028.
Globally, the factors boosting the surgical retractors market are rising cardiovascular disease cases and growing musculoskeletal disorders. Several patients require medical care and surgery to overcome cardiovascular health conditions such as coronary heart disease, cerebrovascular diseases, and others. Such surgeries are critical and take long hours. In this case, retractors help the surgeons make incisions and open the cavity. On the contrary, the emergence of minimally invasive surgery is expected to hamper market growth. These surgeries are considered more advanced as they don’t cause unnecessary damage to the body. Since the use of retractors is limited in these surgeries, it can hamper the growth of the studied market.
REGIONAL OUTLOOK
The global surgical retractors market is studied across countries such as Asia-Pacific, North America, Middle East and Africa, Latin America, and Europe.
Globally, North America dominates the surgical retractors market and is expected to maintain its stronghold until 2028. The rise in surgical procedures contributes to the growth of the market. According to an industry source, an estimated 48.3 million surgical and nonsurgical procedures are performed annually in the United States. Furthermore, data from the Canadian Medical Protective Association (CMPA) puts forth that, more than 1 million surgical operations are conducted each year in Canada.
COMPETITIVE OUTLOOK
The dominant players in the 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.
Founded in 1897, Becton, Dickinson and Company (BD) is a global medical technology company engaged in developing, manufacturing, and selling a broad range of medical supplies to healthcare institutions, life science researchers, physicians, clinical laboratories, the pharmaceutical industry and general public. The company has a wide business portfolio. It operates in three segments: BD Life Sciences, BD Medical, and BD Interventional. One of the products offered by the company is the Hibbs retractor, an orthopedic instrument. The company is headquartered in New Jersey, United States and operates in regions including North America, Europe, Asia-Pacific and the Rest of the World.
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