Surgical Retractors Market: Current Analysis and Forecast (2022-2028)


Emphasis on Product Type (Hand Retractors, Self-Retaining Retractors, Wire Retractors, Others); Application (Obstetrics & Gynecology, Cardiovascular, Orthopedic Surgery, Wound Closure, Others); End-User (Hospitals, Ambulatory Surgical Centers, Others); and Region/Country







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Research Methodology

Report Description

Surgical Retractors Market
Surgical Retractors Market

Global Surgical Retractors Market is expected to grow at a significant rate of around 6% during the forecast period, reaching USD 3 billion by 2028. The global surgical retractor market is anticipated to witness an uptick owing to the change in lifestyle and growing prevalence of chronic diseases such as cardiovascular disease coupled with the increase in the number of patients as well as surgical procedures. For instance, as per the OECD stats, the total number of surgical procedures in Canada was 4,11,668 in 2019, up from 3,96,218 in 2017. This may be attributed to the increased affordability and accessibility to surgical care. Furthermore, with the rapid technological advancement in the medical field, many of the industry players are launching new and innovative products in the market which in turn is also positively impacting the market growth. For example, in October 2020, June Medical launched a product under Galaxy II retractor series, specifically designed for the male anatomy. It comes with an innovative penile hammock that can lower the need for sharp hook penetration, improve recovery, and reduce infection risk.

Becton, Dickinson and Company, B. Braun Melsungen AG, Integra LifeSciences, Medtronic plc, Stryker Corporation, Johnson & Johnson, Medline Industries, Inc., Terumo Corporation, Olympus Corporation, CONMED Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with new and advanced surgical tools.

Insights Presented in the Report

“Amongst product type, hand retractors category to witness higher CAGR during the forecast period”

Based on product type, the surgical retractors market is segmented into hand retractors, self-retaining retractors, wire retractors, and others. The hand retractors segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe as they are the most commonly used surgical device. However, the self-retaining retractors segment is estimated to register the highest CAGR during the forecast period as these retractors allow a surgeon to position this retractor without assistance.

“Amongst application, cardiovascular segment to hold a significant share in the market in 2020”

Based on application, the surgical retractors market is classified into obstetrics & gynecology, cardiovascular, orthopedic surgery, wound closure, and others. The cardiovascular segment grabbed a significant market share in 2020 and is expected to grow considerably during the forecast period. The growth of this segment can be attributed to the growing prevalence of cardiovascular diseases leading to an increase in the number of cardiovascular surgeries.

“Amongst end-user, hospitals segment to hold a significant share in the market in 2020”

Based on end-user, the market is fragmented into hospitals, ambulatory surgical centers, and others. In 2020, the hospitals segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast as hospitals are the largest consumer of surgical retractors. Also, the increasing construction of hospitals and surge in the number of surgeries in the hospital setting is leading to high demand for these tools. However, ambulatory surgical centers are also likely to witness lucrative growth during the forecast period.

“North America to hold a significant share in the market”

For a better understanding of the market adoption of the surgical retractors industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The surgical retractor market is growing on account of the growing geriatric population and the rise in chronic disease incidences across the region. For instance, 133 million Americans i.e., 45% of the population have at least one chronic disease. Also, Chronic diseases are responsible for seven out of every 10 deaths in the U.S., killing more than 1.7 million Americans every year. Furthermore, the presence of well-established market players including manufacturers, suppliers, and distributors is also boosting the market growth.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

Customization Options:

The global surgical retractors market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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1.1.Market Definitions
1.2.Main Objective
2.1.Research Process of the Surgical Retractors Market
2.2.Research Methodology of the Surgical Retractors Market
2.3.Respondent Profile  
7.1.Hand Retractors 
7.2.Self-Retaining Retractors
7.3.Wire Retractors 
8.1.Obstetrics & Gynecology
8.3.Orthopedic Surgery
8.4.Wound Closure
9.2.Ambulatory Surgical Centers
10.1.North America  
 10.1.1.The United States
 10.1.3.Rest of North America
 10.2.2.The United Kingdom
 10.2.6.Rest of Europe
 10.3.4.Rest of Asia-Pacific
10.4.Rest of World 
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
14.1.Demand Side Analysis
14.2.Supply Side Analysis
16.1.Competitive Landscape
 16.1.1.Porters Fiver Forces Analysis
17.1.Becton, Dickinson and Company
17.2.B. Braun Melsungen AG
17.3.Integra LifeSciences 
17.4.Medtronic plc 
17.5.Stryker Corporation  
17.6.Johnson & Johnson 
17.7.Medline Industries, Inc.
17.8.Terumo Corporation 
17.9.Olympus Corporation
17.10.CONMED Corporation 

Research Methodology

Research Methodology for the Surgical Retractors Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global surgical retractors market were the three major steps undertaken to create and analyze the adoption of surgical retractors in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global surgical retractors market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the surgical retractors market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the surgical retractors market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the surgical retractors market. Further, we conducted factor analysis using dependent and independent variables such as various. A product type, applications, and end-user of surgical retractors thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the surgical retractors market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global surgical retractors market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the surgical retractors market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global surgical retractors market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Surgical Retractors Market
Surgical Retractors Market

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global surgical retractors market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, application, and end-user in the global surgical retractors market.

The main objective of the Global Surgical Retractors Market Study

The current & future market trends of the global surgical retractors market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the surgical retractors market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of product type, application, and end-users.
  • Define and analysis of the regulatory framework for the surgical retractors
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the surgical retractors market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
  • Company profiles of the surgical retractors market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?