The global surgical retractors market accounted for USD 2.17 billion in 2023 and is expected to reach at USD 4.44 billion by 2034 with a CAGR of 6.73% during the forecast period 2024-2034. Surge in the number of medical procedures being performed, increasing prevalence of chronic diseases, rising advancements in surgical technology, growing preference for minimally invasive procedures, surge in aging population, heightened focus on research & development by key industry players, increasing number of neurological surgeries, rising awareness of women's health issues, rise in screenings & diagnoses, and growing focus on the development of technologically advanced surgical retractors are some of the key factors boosting the market growth.
Growing focus on the development of technologically advanced surgical retractors is predicted to boost the market growth during the forecast period. For instance, in April 2022, Cureus has created affordable retractors using three-dimensional printing technology. These retractors aim to provide comfort to surgeons and facilitate the insertion of pedicle screws during transforaminal lumbar interbody fusion surgery.
By type, handheld retractors was the highest revenue-grossing segment in the global surgical retractors market in 2023. Handheld retractors are primarily utilized to stabilize specific tissue regions during medical procedures. They necessitate the assistance of a surgeon or other medical personnel to support the tissue during the operation, thereby limiting the surgeon's freedom to use their hands. Different types of retractors are accessible depending on the nature of the surgical procedure. Examples include abdominal, rectal, nerve, finger, thoracic, orthopedic, and ribbon retractors. Additionally, self-retaining retractors is predicted to grow at the fastest growth during the forecast period owing to their ease of use. These retractors are designed to be self-supporting, eliminating the need for additional assistance during surgery and reducing congestion in the operating room. They offer several benefits, including reduced risk of infection, optimal exposure of the surgical site, and minimal requirement for assistance during procedures. Moreover, the increasing collaborations among market players are expected to enhance growth in this segment. For instance, in December 2022, The revolutionary Galaxy II surgical retractor's producer, JUNE Medical Group, is expanding its reach internationally by teaming up with IMedCare to provide Australian surgeons with access to the highly regarded self-retaining retractor.
By product, orthopedic retractors was the highest revenue-grossing segment in the global surgical retractors market in 2023 owing to the growing number of orthopedic surgical procedures and growing launch of advanced systems. For instance, in June 2023, Thompson Retractor unveiled its PectusAssist System, a versatile 2-in-1 device designed to provide support for both Pectus Excavatum and Pectus Carinatum procedures. Additionally, thoracic retractor is predicted to grow at the fastest CAGR during the forecast period owing to the growing use of procedures such as thoracotomy & sternotomy to facilitate visualization & access to the surgical site, driving up the demand for sophisticated devices in cardiovascular surgery.
By application, obstetrics and gynecology (Ob/Gyn) was the highest revenue-grossing segment in the global surgical retractors market in 2023 owing to the increase in number of routine surgical procedures related to the female reproductive system, such as cervical cerclage & episiotomy and rising demand for minimally invasive gynecologic surgeries. Additionally, orthopedic is predicted to grow at the fastest CAGR during the forecast period owing to the growing number of orthopedic surgical procedures and increasing launch of innovative devices. For instance, in April 2023, Orthofix Medical (Orthofix), a company specializing in spine and orthopaedic treatments, has introduced two access retractor systems designed specifically for minimally invasive spine (MIS) procedures.
By end-user, hospital was the highest revenue-grossing segment in the global surgical retractors market in 2023 owing to the rise in both the number of cases & preventive surgeries conducted, increase in surgical procedures such as angioplasty, kidney transplants, liver transplants, & trauma cases. Additionally, ambulatory surgical centers (ASCs) is predicted to grow at the fastest CAGR during the forecast period owing to the reduced expenses for patients, improved accessibility to healthcare services, lowered facility costs, and increasing initiatives by major industry leaders. For instance, in November 2022, As part of their partnership, AEW Capital Management and Flagship Healthcare Trust have jointly purchased eight ambulatory surgical clinics.
North America region is anticipated for the highest revenue share during the forecast period owing to the rise in the prevalence of preventive surgeries, growing burden of chronic conditions such as diabetes, cancer, & autoimmune diseases, increasing uptake of technologically advanced medical devices, and surge in the introduction of innovative devices. For instance, in August 2022, Spineology Inc introduced OptiLIF Endo, an advanced ultra-minimally invasive (MIS) system designed to streamline lumbar interbody fusion surgeries. This novel method effortlessly integrates endoscopes and endoscopic equipment using a single tubular retractor. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising elderly population, increase in reimbursements for surgical procedures, growing preference for minimally invasive techniques, uptick in the number of individuals requiring surgical interventions, rise in mergers & acquisitions among industry stakeholders. For instance, in 2022, Henry Schein has purchased Condor to enhance its dental distribution operations in Switzerland.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Growing focus on the development of technologically advanced surgical retractors is predicted to boost the market growth during the forecast period. For instance, in April 2022, Cureus has created affordable retractors using three-dimensional printing technology. These retractors aim to provide comfort to surgeons and facilitate the insertion of pedicle screws during transforaminal lumbar interbody fusion surgery.
By type, handheld retractors was the highest revenue-grossing segment in the global surgical retractors market in 2023. Handheld retractors are primarily utilized to stabilize specific tissue regions during medical procedures. They necessitate the assistance of a surgeon or other medical personnel to support the tissue during the operation, thereby limiting the surgeon's freedom to use their hands. Different types of retractors are accessible depending on the nature of the surgical procedure. Examples include abdominal, rectal, nerve, finger, thoracic, orthopedic, and ribbon retractors. Additionally, self-retaining retractors is predicted to grow at the fastest growth during the forecast period owing to their ease of use. These retractors are designed to be self-supporting, eliminating the need for additional assistance during surgery and reducing congestion in the operating room. They offer several benefits, including reduced risk of infection, optimal exposure of the surgical site, and minimal requirement for assistance during procedures. Moreover, the increasing collaborations among market players are expected to enhance growth in this segment. For instance, in December 2022, The revolutionary Galaxy II surgical retractor's producer, JUNE Medical Group, is expanding its reach internationally by teaming up with IMedCare to provide Australian surgeons with access to the highly regarded self-retaining retractor.
By product, orthopedic retractors was the highest revenue-grossing segment in the global surgical retractors market in 2023 owing to the growing number of orthopedic surgical procedures and growing launch of advanced systems. For instance, in June 2023, Thompson Retractor unveiled its PectusAssist System, a versatile 2-in-1 device designed to provide support for both Pectus Excavatum and Pectus Carinatum procedures. Additionally, thoracic retractor is predicted to grow at the fastest CAGR during the forecast period owing to the growing use of procedures such as thoracotomy & sternotomy to facilitate visualization & access to the surgical site, driving up the demand for sophisticated devices in cardiovascular surgery.
By application, obstetrics and gynecology (Ob/Gyn) was the highest revenue-grossing segment in the global surgical retractors market in 2023 owing to the increase in number of routine surgical procedures related to the female reproductive system, such as cervical cerclage & episiotomy and rising demand for minimally invasive gynecologic surgeries. Additionally, orthopedic is predicted to grow at the fastest CAGR during the forecast period owing to the growing number of orthopedic surgical procedures and increasing launch of innovative devices. For instance, in April 2023, Orthofix Medical (Orthofix), a company specializing in spine and orthopaedic treatments, has introduced two access retractor systems designed specifically for minimally invasive spine (MIS) procedures.
By end-user, hospital was the highest revenue-grossing segment in the global surgical retractors market in 2023 owing to the rise in both the number of cases & preventive surgeries conducted, increase in surgical procedures such as angioplasty, kidney transplants, liver transplants, & trauma cases. Additionally, ambulatory surgical centers (ASCs) is predicted to grow at the fastest CAGR during the forecast period owing to the reduced expenses for patients, improved accessibility to healthcare services, lowered facility costs, and increasing initiatives by major industry leaders. For instance, in November 2022, As part of their partnership, AEW Capital Management and Flagship Healthcare Trust have jointly purchased eight ambulatory surgical clinics.
North America region is anticipated for the highest revenue share during the forecast period owing to the rise in the prevalence of preventive surgeries, growing burden of chronic conditions such as diabetes, cancer, & autoimmune diseases, increasing uptake of technologically advanced medical devices, and surge in the introduction of innovative devices. For instance, in August 2022, Spineology Inc introduced OptiLIF Endo, an advanced ultra-minimally invasive (MIS) system designed to streamline lumbar interbody fusion surgeries. This novel method effortlessly integrates endoscopes and endoscopic equipment using a single tubular retractor. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising elderly population, increase in reimbursements for surgical procedures, growing preference for minimally invasive techniques, uptick in the number of individuals requiring surgical interventions, rise in mergers & acquisitions among industry stakeholders. For instance, in 2022, Henry Schein has purchased Condor to enhance its dental distribution operations in Switzerland.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Type, Product, Application, and End-user
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
Segmentation: Surgical Retractors Market Report 2023 - 2034
Surgical Retractors Market Analysis & Forecast by Type 2023 - 2034 (Revenue USD Bn)
- Self-retaining Retractors
- Handheld Retractors
- Table-mounted Retractors
- Accessories
- Wire Retractors
Surgical Retractors Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)
- Orthopedic Retractor
- Abdominal Retractor
- Thoracic Retractor
- Ribbon Retractor
- Nerve Retractor
- Finger Retractor
- Rectal Retractor
- Others
Surgical Retractors Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Reconstructive Surgery
- Orthopedic
- Neurosurgery
- Obstetrics and Gynecology (Ob/Gyn)
- Cardiovascular
- Wound Closure
- Others
Surgical Retractors Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Ambulatory Surgical Centers
- Clinics
Surgical Retractors Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Surgical Retractors Market: Type Estimates & Trend Analysis
8. Surgical Retractors Market: Product Estimates & Trend Analysis
9. Surgical Retractors Market: Application Estimates & Trend Analysis
10. Surgical Retractors Market: End-user Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Surgical Retractors Market
13. Europe Global Surgical Retractors Market
14. Asia Pacific Global Surgical Retractors Market
15. Latin America Global Surgical Retractors Market
16. MEA Global Surgical Retractors Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- June Medical Group
- Becton
- Dickinson
- and Company (BD)
- Teleflex Incorporated
- Applied Medical Technology Inc. (AMT)
- Thompson Surgical
- Boston Scientific Corporation
- Terumo Corporation
- Medline Industries Inc.
- Medtronic
- B. Braun Melsungen AG
- Applied Medical Resources Corporation
- Microcure (Suzhou) Medical Technology Co. Ltd.
- Medical Devices Business Services Inc.
