North America Surgical Retractors Market 2022-2028

North America Surgical Retractors Market 2022-2028

MARKET OUTLOOK

As per a report by Triton Market Research, the surgical retractors market in North America is likely to propel with a CAGR of 5.55% in the forecasted period from 2022-2028. Canada and the United States are considered in the market in this region.

According to the Centers for Medicare & Medicaid Services, the United States comprises 6,214 hospitals and 5,905 ambulatory surgical centers. These centers are used to perform various surgical procedures every year, making them the largest buyers of surgical instruments. These end-users are important customers for market players and are anticipated to increase demand for surgical retractors.

According to the Canadian Medical Protective Association (CMPA), more than a million surgical procedures are conducted annually in Canada. However, the Canadian Institute for Health Information (CIHI) reports that hospitals in the country have performed 560,000 fewer procedures since the pandemic's start. Although, it is anticipated that the numbers will return to pre-COVID levels. Cesarean section delivery, hip replacement surgery, knee replacement surgery etc., are some of the procedures performed in the country that require surgical retractors. Thus, all these factors are expected to grow market demand for retractors.

COMPETITIVE OUTLOOK

The established players in the surgical retractors market include Becton Dickinson and Company, B Braun Holding GmbH & Co KG, Stryker Corporation, Teleflex Inc, The Cooper Companies Inc, World Precision Instruments and Terumo Corporation.