Surgical Retractors Market Revenue To Cross US$ 3,724.46 by 2027 Says, The Insight Partners

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Surgical Retractors Market Revenue To Cross US$ 3,724.46 by 2027 Says, The Insight Partners

December 09
20:00 2021
Hand retractors segment is expected to grow at a fast pace over the forecast period

According to The Insight Partners market research titled ‘Surgical Retractors Market to 2027 – Global Analysis and Forecasts by Product Type, Application and End User’. The global surgical retractors market is anticipated to reach US$ 3,724.46 Mn in 2027 from US$ 2,153.40 Mn in 2018. The market is anticipated to grow with a CAGR of 6.5% from 2019-2027. The report provides the trends prevailing in the global surgical retractors market and the factors driving the market along with those that act as hindrances.

Surgical retractors are surgical instruments that are used by the doctor during the surgical procedure. The surgical retractors are also known as a surgical detractor. The retractor is a simple steel tool that has a curvy or angled blade at one end with a handle to hold it properly. Surgical retractors are used to separate the ends of surgical incision or wounds. Moreover, it is also used to keep the back of the tissue or organ. These instruments are used physically or by the robotic method in performing the surgical procedure. Apart from handheld, the surgical retractor is also available in self-retaining type. These instruments are available with different sizes, shapes, and styles in the market for various surgeries. The growth of the global surgical retractors market is attributed to increase in the number of surgical procedures and increase in the number of orthopaedic surgeries. However, rising demand of minimally invasive surgeries is the major factor hindering the market growth.

Download sample [PDF] copy of Surgical Retractors Market study at: https://www.theinsightpartners.com/sample/TIPRE00003530/

The leading companies operating in the surgical retractors market include Integra LifeSciences Corporation, Teleflex Incorporated, Arthrex, Inc., B. Braun Melsungen AG, CooperSurgical, Inc., Globus Medical, Inc., Medline Industries, Inc., Medtronic plc., Stryker, Thompson Surgical, OBP Medical Corporation among others. The market has observed various organic as well as inorganic developments during recent years in the surgical retractors market. For instance, October 2018, Stryker acquired Invuity, Inc., which provides a wide variety of clinical applications including orthopaedic & spine surgery, general surgery and women’s health procedures.

The global surgical retractors market, based on the product type, has been segmented into hand retractors, self-retaining retractors, wire retractors, and others. In 2018, the hand retractors segment held the largest share of the market. However, the self-retaining retractors segment is projected to grow with the fastest CAGR in the market in 2027 owing to the factors, such as ease difficulties during surgical procedures to allow hands-free surgery.

The market for surgical retractors is expected to grow, owing to factors such as increase in the number of cardiovascular surgeries, and increase in the number of orthopaedic surgeries play a vital role in the growth of the surgical retractors market. Moreover, increasing medical tourism in emerging nations is likely to have a positive impact on the growth of the market in the coming years.

The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide.

Download the Latest COVID-19 Analysis on Surgical Retractors Market Growth Research Report at: https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00003530

Increase in the Number of Cardiovascular Surgeries to Drive Global Surgical Retractors Market Growth

Cardiovascular diseases or CVDs are likely to remain the prevalent cause of mortality and morbidity worldwide. The cardiovascular diseases are the disorders of the heart and blood vessels that include rheumatic heart disease, coronary heart disease, cerebrovascular disease, and other conditions. Some of the significant lifestyle factors which lead to cardiovascular disease and difficulties are the use of unhealthy diet, tobacco, and physical inactivity increases the risk of heart attacks and strokes. In contrast, the other risk factors for cardiovascular diseases are diabetes, increased level of cholesterol levels, and high blood pressure. The cardiovascular diseases are among the top ten leading causes of death across the world that affects majorly as compared to any other disease. As per the data provided by the World Health Organization, cardiovascular diseases are the number one cause of death across the world.

In Europe, the conditions and symptoms such as the rise in diabetic cases, lifestyle changes, and more are leading to an increasing number of cardiovascular surgeries, and general surgeries are the same. Since the last 25 years, in Europe and the European Union, the number of cardiovascular cases has increased. As per the data of WHO, cardiovascular diseases are the number one cause of death across the world. According to, European Cardiovascular Disease Statistics 2017, cardiovascular disease causes 3.9 million deaths every year and over 1.8 million deaths in the European Union (EU). The CVD accounts for 45.0% of all deaths in Europe and 37.0% of all deaths in the EU. CVD is the primary reason for the death of men and women in all countries. Furthermore, as per the American Heart Association (AHA) 2019 statistics, 121.5 million adults, who are around half of the US adult population, suffer from cardiovascular disease in the U.S.

Order a Copy of Surgical Retractors Market Shares, Strategies and Forecasts 2021-2027 Research Report at: https://www.theinsightpartners.com/buy/TIPRE00003530/

 

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