Report Overview

Global Surgical Retractor Market - Industry Trends & Forecast Report 2027

The global surgical retractor market was worth USD 1,623.8 million in 2020 and is projected to reach USD 2,297.7 million by 2027, at a CAGR of 5.6% during the forecast period (2021-2027). There has been an increase in the number of surgical procedures due to the growing geriatric population and rising prevalence of lifestyle disorders worldwide. Moreover, rapid technological advancements in the surgical device industry also contribute to the growth of the global surgical retractors market.

Source: BlueWeave Consulting

Global Surgical Retractor Market Overview

A surgical retractor is a hand-held instrument used by surgeons during surgery. This medical instrument keeps an incision or wound open during a surgical procedure. It enables the doctors/nurses to have better visibility and access to the exposed area by holding back the underlying organs or tissues. Surgical retractors come in different shapes, sizes, and designs. With surgical retractor lighting, surgeons can navigate more easily in deep or minimally-opened cavities. Thus, surgical retractors are important for surgical procedures, which drives the global surgical retractor market. The growing geriatric population also contributes significantly to the growth of the global surgical retractor market. In addition to these factors, a rise in chronic medical conditions and the rise in healthcare expenditures have fuelled the growth of the global surgical retractor market.

Global Surgical Retractor Market Trend

Growth Drivers

Rising prevalence of lifestyle disorders

Sedentary lifestyles in developed and developing countries have contributed to an increase in the prevalence of obesity, cardiovascular diseases, cancer, and diabetes. A sedentary lifestyle is one of the major causes of the rise in obese populations. The Global Burden of Disease study found that 4.7 million people died prematurely from obesity; this is almost four times as many as died in traffic accidents and almost five times as many as died from HIV/AIDS. Obesity leads to a multitude of disorders like high blood pressure (hypertension), high LDL cholesterol, low HDL cholesterol, or high levels of triglycerides (dyslipidemia), type 2 diabetes, coronary heart disease, gallbladder disease, osteoarthritis, etc., which often require the patient to undergo surgeries.

Thus, the number of surgical procedures performed worldwide has skyrocketed in recent years, consequently driving the demand for surgical retractors. Thus, it can be stated that inappropriate lifestyle choices and sedentary lifestyles are giving rise to a number of diseases, thus facilitating the growth of the global surgical retractor market.

Restraints

Clinical Complications

There are various complications involved with the usage of surgical retractors. For instance, self-retaining retractors have a major disadvantage: they use only three blades, making them sometimes insufficient for holding out the muscles and tissues. Moreover, since it is employed with a ratchet system, the depth of the blade is fixed. Thus, the surgeon may need to use another retractor. Moreover, metal retractors have sharp tips that may harm soft tissues, nerves, and blood vessels. At times, surgical retractor may cause intraoperative damage to organs, leading to significant postoperative complications.

Surgical retractors can also cause internal scarring and can damage the femoral nerve and colon by causing femoral neuropathies and colon injuries. Lesions in the colon can also form owing to the tension of the retractor blade. The retractor may also damage the renal vein, causing renal vein thrombosis, in which clots form in the vein that drains blood from the kidneys, thereby reducing drainage from one or both kidneys. These clinical complications caused by surgical retractors hamper the growth of the global surgical retractor market.

Impact of COVID-19

COVID-19 has impacted almost every industry immensely, and the global surgical retractor market is no exception. Due to the pandemic-induced lockdown and the strict regulatory measure taken by the healthcare sector to combat the pandemic, there have been many major changes in patient behaviors, which directly affected the surgical retractor market. In order to conform to social distancing norms, many healthcare services and procedures were temporarily suspended. In addition, there has been a decline in procedures requiring no immediate attention. Additionally, overall, the number of surgeries dropped since the onset of COVID-19, as hospitals and their staff were busy treating the COVID-19 patients. Thus, with a decrease in the number of surgeries, there has been a consequential decline in the global surgical retractor market.

Global Surgical Retractor Market - By Product Type

Based on product types, the global surgical retractor market can be grouped into hand retractors, self-retaining retractors, table-mounted retractors, wire retractors, accessories. Among these, the self-retaining surgical retractor owns the largest market share owing to its advantages. By using this type of retractor, the surgeon can perform surgery without the presence of a second assistant, thus preventing overcrowding at the operating table. Retractors such as these allow surgical assistants to free up their time making them available for other jobs such as aid in exposure, homeostasis, closure, and other intraoperative technical functions that help the surgeon. It also provides several advantages, including continuous exposure, decreased infection risk, and a smaller staff with increased efficiency as the focus is shifted from retraction to surgery. In view of these advantages, self-retaining surgical retractors hold the largest market share in the global surgical retractor market.

Global Surgical Retractor Market -By Application

Based on applications, the global surgical retractor market can be divided into abdominal surgeries, cardiothoracic surgeries, orthopedic surgeries, obstetric & gynecological surgeries, others. The obstetrics and gynecology segment holds largest market share in the global surgical retractor market owing to the massive rise in the prevalence of gynecological disorders, such as polycystic ovary syndrome (PCOS), uterine cancer, and cervical cancer, etc. According to the WHO, cervical cancer is the fourth most common cancer in women. In 2018, an estimated 570000 women were diagnosed with cervical cancer worldwide, and about 311 000 women died from the disease. Thus, due to the growing prevalence of genealogical disorders, the gynecology segment is thriving in the global surgical retractor market segment.

Global Surgical Retractor Market by Region

Based on regions, the global surgical retractor market can be grouped into North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America. North America holds the largest market share in the global surgical retractor market owing to the collaborative efforts by major market players. Moreover, the growing trend of robot-assisted minimally invasive surgeries, and market players' continuous efforts to improve their R&D capabilities to ensure patient and surgeon compliance and quality standards are a few factors driving the growth of the global surgical retractor market. These are the major factor that has made North America the largest segment by region of the global surgical retractor market. On the other hand, the Asia Pacific market is catching up as the fastest-growing global surgical retractor market due to growing healthcare infrastructure, favorable government policies for better healthcare, and increased per capita expenditure. Thus, these factors are making the Asia-Pacific the fastest-growing region in the global surgical retractor market.

Source: BlueWeave Consulting

Global Surgical Retractor Market - Competitive Landscape

Owing to the rising prevalence of diseases due to lifestyle changes, growing technological advancements, and government healthcare policies, the global surgical retractor market is proving to be very lucrative, thus attracting many major market players. Some of the major players are - Baxter International Inc., B. Braun Melsungen AG, The Cooper Companies, Inc., Terumo Corporation, Teleflex Incorporated, Medtronic Plc., Medline Industries, INC., Johnson & Johnson, Novo Nordisk, Integra Lifesciences Holdings Corporation, HENKE-SASS WOLF, Henry Schein, Inc., Dickinson and Company, CONMED Corporation, Sklar Surgical Instruments, Teleflex Incorporated., Olympus Corporation, Thompson Surgical, Arthrex, Inc., Microsurgical Technology.

Recent Development

• By Product Type
  • Hand Retractor
  • Self-Retaining Retractors
  • Table-mounted Retractors 
  • Wire Retractors
  • Accessories
• By Application
  • Abdominal Surgeries
  • Cardiothoracic Surgeries
  • Orthopedic Surgeries
  • Obstetrics & Gynaecological Surgeries
  • Other 
• By Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Surgical Retractor Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Recent Development/Technological Advancements
   4. Regulatory Insights
   5. Porter’s Five Forces Analysis
      1. Bargaining Usability of Suppliers
      2. Bargaining Usability of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Surgical Retractor Market Overview
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Hand Retractor
         2. Self-Retaining Retractors
         3. Table-mounted Retractors 
         4. Wire Retractors
         5. Accessories
      2. By Application
         1. Abdominal Surgeries
         2. Cardiothoracic Surgeries
         3. Orthopaedic Surgeries
         4. Obstetric & Gynaecological Surgeries
         5. Other  
      3. By Region
         1. North America
         2. Europe
         3. the Asia-Pacific
         4. Latin America
         5. the Middle East and Africa
6. North America Surgical Retractor Market
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Country
         1. U.S.
         2. Canada
7. Europe Surgical Retractor Market
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. the Asia-Pacific Surgical Retractor Market
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Country
         1. China
         2. India
         3. Japan
         4. Singapore
         5. South Korea
         6. Rest of Asia Pacific
9. Latin America Surgical Retractor Market
   1. Market Size & Forecast by Value, 2017-2027
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Country
         1. Brazil
         2. Argentina
         3. Mexico
         4. Rest of Latin America
10. the Middle East & Africa Surgical Retractor Market
    1. Market Size & Forecast by Value, 2017-2027
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product Type
       2. By Application
       3. By Country
          1. Saudi Arabia
          2. Iran
          3. UAE
          4. Turkey
          5. South Africa
          6. Rest of The Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2020
    3. Competitive Benchmarking, By Operating Parameters
12. Impact of Covid-19 on Global Surgical Retractor Application
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, SWOT Analysis, Contact Address, and Strategic Outlook) **
    1. Baxter International Inc.
    2. B. Braun Melsungen AG
    3. The Cooper Companies, Inc.
    4. Terumo Corporation
    5. Teleflex Incorporated
    6. Medtronic Plc.
    7. MEDLINE INDUSTRIES, INC.
    8. JOHNSON & JOHNSON
    9. NOVO NORDISK
    10. INTEGRA LIFESCIENCES HOLDINGS CORPORATION
    11. HENKE-SASS WOLF
    12. Henry Schein, Inc.
    13. Dickinson and Company
    14. CONMED CORPORATION.
    15. SKLAR SURGICAL INSTRUMENTS.
    16. Teleflex Incorporated.
    17. OLYMPUS CORPORATION
    18. THOMPSON SURGICAL
    19. Arthrex, Inc.
    20. MICROSURGICAL TECHNOLOGY
14. Key Strategic Recommendations

*Financial details of unlisted companies will be available as per data availability in final deliverable

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1: Global Surgical Retractor Segmentation

Figure 2: Global Surgical Retractor Market Value Chain Analysis

Figure 3: Company Market Share Analysis, 2019

Figure 4: Global Surgical Retractor Market Size, By Value (USD Million), 2017-2027

Figure 5: Global Surgical Retractor Market Share, By Product Type, By Value, 2017-2021

Figure 6: Global Surgical Retractor Market Share, By Application, By Value, 2017-2021

Figure 7: Global Surgical Retractor Market Share, By Region, By Value, 2017-2027

Figure 8: North America Surgical Retractor Market Size, By Value (USD Million), 2017-2027

Figure 9: North America Surgical Retractor Market Share, By Product Type, By Value, 2017-2027

Figure 10: North America Surgical Retractor Market Share, By Application, By Value, 2017-2027

Figure 11: North America Surgical Retractor Market Share, By Country, By Value, 2017-2027

Figure 12: Europe Surgical Retractor Market Size, By Value (USD Million), 2017-2027

Figure 13: Europe Surgical Retractor Market Share, By Product Type, By Value, 2017-2027

Figure 14: Europe Surgical Retractor Market Share, By Application, By Value, 2017-2027

Figure 15: Europe Surgical Retractor Market Share, By Country, By Value, 2017-2027

Figure 16: The Asia-Pacific Surgical Retractor Market Size, By Value (USD Million), 2017-2027

Figure 17: The Asia-Pacific Surgical Retractor Market Share, By Product Type, By Value, 2017-2027

Figure 18: The Asia-Pacific Surgical Retractor Market Share, By Application, By Value, 2017-2027

Figure 19: The Asia-Pacific Surgical Retractor Market Share, By Country, By Value, 2017-2027

Figure 20: Latin America Surgical Retractor Market Size, By Value (USD Million), 2017-2027

Figure 21: Latin America Surgical Retractor Market Share, By Product Type, By Value, 2017-2027

Figure 22: Latin America Surgical Retractor Market Share, By Application, By Value, 2017-2027

Figure 23: Latin America Surgical Retractor Market Share, By Country, By Value, 2017-2027

Figure 24: The Middle East & Africa Surgical Retractor Market Size, By Value (USD Million), 2017-2021

Figure 25: The Middle East & Africa Surgical Retractor Market Share, By Product Type, By Value, 2017-2027

Figure 26: The Middle East & Africa Surgical Retractor Market Share, By Application, By Value, 2017-2027

Figure 27: The Middle East & Africa Surgical Retractor Market Share, By Country, By Value, 2017-2027

List of Tables

Table 1: Global Surgical Retractor Market Size, By Product Type, By Value, 2017-2027

Table 2: Global Surgical Retractor Market Size, By Application, By Value, 2017-20

Table 3: Global Surgical Retractor Market Size, By Region, By Value, 2017-2027

Table 4: North America Surgical Retractor Market Size, By Product Type, By Value, 2017-2027

Table 5: North America Surgical Retractor Market Size, By Application, By Value, 2017-2027

Table 6: North America Surgical Retractor Market Size, By Country, By Value, 2017-2027

Table 7: Europe Surgical Retractor Market Size, By Product Type, By Value, 2017-2027

Table 8: Europe Surgical Retractor Market Size, By Application, By Value, 2017-202

Table 9: Europe Surgical Retractor Market Size, By Country, By Value, 2017-2027

Table 10: The Asia-Pacific Surgical Retractor Market Size, By Product Type, By Value, 2017-2027

Table 11: The Asia-Pacific Surgical Retractor Market Size, By Application, By Value, 2017-2027

Table 12: The Asia-Pacific Surgical Retractor Market Size, By Country, By Value, 2017-2027

Table 13: Latin America Surgical Retractor Market Size, By Product Type, By Value, 2017-2027

Table 14: Latin America Surgical Retractor Market Size, By Application, By Value, 2017-2027

Table 15: Latin America Surgical Retractor Market Size, By Country, By Value, 2017-2027

Table 16: The Middle East & Africa Surgical Retractor Market Size, By Product Type, By Value, 2017-2027

Table 17: The Middle East & Africa Surgical Retractor Market Size, By Application, By Value, 2017-2027

Table 18: The Middle East & Africa Surgical Retractor Market Size, By Country, By Value, 2017-2027

Table 19: Baxter International Inc. Financial Analysis

Table 20: Baxter International Inc. Business Overview

Table 21: B. Braun Melsungen AG Financial Analysis

Table 22: B. Braun Melsungen AG Business Overview

Table 23: The Cooper Companies, Inc. Financial Analysis

Table 24: The Cooper Companies, Inc. Business Overview

Table 25: Terumo Corporation Financial Analysis

Table 26: Terumo Corporation Business Overview

Table 27: Teleflex Incorporated Financial Analysis

Table 28: Teleflex Incorporated Business Overview

Table 29: Medtronic Plc. Financial Analysis

Table 30: Medtronic Plc. Business Overview

Table 31: MEDLINE INDUSTRIES, INC. Financial Analysis

Table 32: MEDLINE INDUSTRIES, INC. Business Overview

Table 33: JOHNSON & JOHNSON Financial Analysis

Table 34: JOHNSON & JOHNSON Business Overview

Table 35: NOVO NORDISK Financial Analysis

Table 36: NOVO NORDISK Business Overview

Table 37: INTEGRA LIFESCIENCES HOLDINGS CORPORATION Financial Analysis

Table 38: INTEGRA LIFESCIENCES HOLDINGS CORPORATION Business Overview

Table 39: HENKE-SASS WOLF Financial Analysis

Table 40: HENKE-SASS WOLF Business Overview

Table 41: Henry Schein, Inc. Financial Analysis

Table 42: Henry Schein, Inc. Business Overview

Table 43: Dickinson and Company Financial Analysis

Table 44: Dickinson and Company Business Overview

Table 45: CONMED CORPORATION. Financial Analysis

Table 46: CONMED CORPORATION. Business Overview

Table 47: SKLAR SURGICAL INSTRUMENTS. Financial Analysis

Table 48: SKLAR SURGICAL INSTRUMENTS. Business Overview

Table 49: Teleflex Incorporated. Financial Analysis

Table 50: Teleflex Incorporated. Business Overview

Table 51: OLYMPUS CORPORATION Financial Analysis

Table 52: OLYMPUS CORPORATION Business Overview

Table 53: THOMPSON SURGICAL Financial Analysis

Table 54: THOMPSON SURGICAL Business Overview

Table 55: Arthrex, Inc. Financial Analysis

Table 56: Arthrex, Inc. Business Overview

Table 57: MICROSURGICAL TECHNOLOGY Financial Analysis

Table 58: MICROSURGICAL TECHNOLOGY Business Overview

Table 59: Integrated Silicon Solution Inc. Financial Analysis

Table 60: Integrated Silicon Solution Inc. Business Overview