Published Date: 16-Jun-2020
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According to a new report Global Surgical Retractor Market, published by KBV research, The Global Surgical Retractor Market size is expected to reach $3.6 billion by 2026, rising at a market growth of 5.8% CAGR during the forecast period.
In the application segment, abdominal surgery gained the highest market share owing to the growth in the number of abdominal surgeries conducted worldwide. Abdominal surgery involves large surgical incisions in order to obtain a better image of the organs involved in the operation. The need for surgical retractors in abdominal surgery is also higher, which fuels the growth of the market. On the contrary, the cardiothoracic surgery segment is projected to demonstrate the high growth rate during the forecast period owing to a rise in the incidence of cardiac disorders worldwide.
Based on the type of product, the hand retractors had the largest market share in the surgical retractor market. The growth of this segment is attributed to the fact that these devices are often used in plastic surgery and small bone and joint surgery. As a result, an increase in the number of plastic surgeries performed worldwide is a major factor that boosts the growth of the market.
North America accounted for the largest market share of surgical retractors and is anticipated to continue this trend due to the easy availability of surgical retractors. Moreover, an increase in the prevalence of various chronic conditions requiring treatment surgery is another major reason that contributes to the growth of this market. The Asia-Pacific is expected to have the fastest growth during the forecast period due to increased awareness of the use of surgical retractors.
Structural Insights: https://www.kbvresearch.com/surgical-retractor-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Johnson & Johnson, Medtronic PLC, Baxter International, Inc., B. Braun Melsungen AG, Becton, Dickinson and Company, Henry Schein, Inc., Integra LifeSciences Holdings Corporation, Novo Nordisk A/S, Teleflex, Inc., and Terumo Corporation
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