Surgical Retractor Market Revenues, Future Growth and Outlook, 2017–2025

1. 1 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS Ankita Roy, Treesha Banerjee and Liza D’souza from Global Market Estimates throw the spotlight on the growingSurgical Retractor Market. Surgical Retractor Market Insights The Surgical Retractor Market is expected to grow at a significant CAGR during the forecast period. Factors such as technological advancement, rising pervasiveness of lifestyle disorders because of which presence of various risk factors (hypertension, obesity, diabetes, cancer has led to high occurrence rate for cardiovascular diseases. This could be the reason for the increase in volumes of surgeries, coupled with increased per capita health care expenditure, could be some of the key factors which have forced people to undergo various treatments and surgeries, thereby driving the demand for and usage of Surgical Retractors. Another major factor that drives the growth of surgical retractor market is the increasing availability of cutting-edge diagnosis and treatment facilities and less invasive procedures that led to the better quality of life. The major benefit of Surgical Retractor is to provide better exposure and safety for the patient. It also eases the task of surgeons and doctors. Some barriers hindering the growth of the surgical retractor market are difficulties associated with the minimally invasive spinal surgery such as nerve injury related to insufficient picturing during decompression is anticipated to hamper the market growth. The decrease in compensations for minimally invasive spine procedures over an open spine procedure might hinder the growth of the market. Surgical Retractor Market: By Type On the basis of type, the surgical retractor market can be classified into two basic types: Hand-held Retractors (Manual) and Self Retraining Retractors (stay open on their own). Hand Retractors are used manually thus needs an assistant, a robot or the surgeon during a ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 1

2. 2 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS procedure. Whereas Self Retaining Retractors are equipped with ratchet, screw or some type of clamp to hold the tissue itself allowing the surgeon to operate with both his free hands. Some of the common Handheld Retractors are Senn, Army- Navy, Ribbon, Hohmann, farabeuf, meyerding, Deaver and Richardson. Some of the common self-retaining retractors are weitlaner, Balfour abdominal retractor, finochietto rib retractor, hip retractor system, and gelpi. The list of the surgical Retractor is enormous when considered the whole body from the head, neck, arms, torso, legs and all the major organs, tissues, and cells. Surgical Retractor Market: By Product In the past year, a major share of the market in the surgical retractor market was held by Orthopedic Retractor. The possible reason behind this could be the increase in the elderly population. Elder population is more susceptible to hip and knee arthritis. The major factor for the increase in the prevalence of global physical disability is pain resulting from hip and knee arthritis, known as musculoskeletal pain. According to the study conducted in CDC (Center for Disease Control and Prevention), there is a very high number of adult population in the U.S. who are affected by arthritis. Obesity could be another factor which is driving the market for surgical retractor system. With the increase in per capita, healthcare expenditure coupled with the rise in public concern in developed regions regarding the problems related to obesity has been an important factor contributing to the growth of this segment. Surgical Retractor Market: By Application: The Surgical Retractor Market can be segmented based on the applications into neuro surgery, wound closure, reconstructive surgery, cardiovascular, orthopedic, obstetrics and gynecology. Surgery can be further classified into the nervous system, orthopedic, digestive system and others. Surgeons and doctors use these retractors for cutting and dissecting, clamping and occluding, retracting and exposing and for grasping and holding. It is anticipated from the study that the market for neurosurgery segment could grow at an increasing pace during the forecast period. Continuous technological advancement has led to the availability of the instruments, coupled with increased investment in medical devices and equipment by various healthcare facilities, could boost the growth of segment in near future. Moreover, increasing awareness of the benefits of regular check-ups has led to an increase in surgeries, thereby advancing the usage of retractors in this particular segment. Surgical Retractor Market: By End User: More than half of the market share for surgical retractor is held by hospitals, the possible and key contribution in the leading share of this particular segment could be the increased volume ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 2

3. 3 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS of operating procedures in hospitals. With the economic as well as social development of regions like the Asia Pacific, Middle East, and Africa the demand for healthcare facilities have also increased. In order to meet the demands of various initiatives as well as investments are done by both the public and a private party for the improvement of healthcare infrastructure. Significant growth in the ambulatory surgery centers segment is expected. It is anticipated that the growth of this segment is because of the rise in preference for robot-assisted surgeries and minimally invasive surgeries. Rising awareness of the benefits of regular checkups will further boost the segment in developing countries. Surgical Retractor Market: Regional Insights North America is expected to dominate the market for a surgical retractor, with the U.S. contributing its majority share. The region’s dominance can be attributed to the various factors one of them being a High disease prone area, heart disease is the main cause of high mortality rate in the U.S., among both men and women. The high adoption rate of technologies and growing innovation is expected to drive the surgical retractor market. Numerous collective efforts by the key players to improve their R&D skills and guarantee high-quality morals are expected to boost demand for retractors across this region. The Asia Pacific market for surgical retractors is projected to grow at a substantial rate during the coming years owing to the investments by prominent players and efforts to commercialize their products at a relatively affordable price. Increased per capita expenditure coupled with growing healthcare infrastructure will further boost the regional market. ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 3

4. 4 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS Surgical Retractor Market: End-Use Landscape The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase surgical retractors over the coming years. Some companies likely to purchase surgical retractors in the coming years are Senn and Beckman, Weitlaner, Cook Medical, and others. Surgical Retractor Market: Vendor Landscape The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies. Surgical Retractors Market: Share & Competitor Analysis Some of the key players operating in the Surgical Retractor Market are Becton Dickinson and Company, Aesculap, Inc., Bausch & Lomb, Inc., Alcon Laboratories, Inc., BR Surgical, CONMED Corporation, Centurion Medical Products, Cook Medical, Ethicon, Inc., Cooper Surgical, Olympus America Inc. and Medtronic PLC. In March 2017, Ethicon, a subsidiary of Johnson & Johnson, announced the acquisition of Torax Medical, Inc. This acquisition is aligned with the company’s strategy of expanding its minimally invasive surgery product portfolio. In October 2017, QSpine, a U.K. based manufacturer launched SURE, an illuminated, modular, and single-use surgical retractor. In December 2016, Mediflex launched its original technology Flexguard Blade Cushion. This technology has increased the safety of patient as it is a disposable and antiseptic attachment designed for retractor blades. ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 4

5. 5 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS The report segments theSurgical Retractor Marketon the basis of: By Type Hand Retractors Self Retaining Retractors By Product Abdominal Retractor Finger Retractor Nerve Retractor Orthopedic Retractor Rectal Retractor Thoracic Retractor Ribbon Retractor By Application Neuro Surgery Wound Closure Reconstructive Surgery Cardiovascular Orthopedic Obstetrics and Gynecology By End Users Hospitals Clinics Ambulatory Surgical Centers ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 5

6. 6 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS By Region: North America Europe Asia Pacific Central & South America Middle East & Africa * This article contains text from the ‘Surgical Retractor Market–Forecast to 2025’ report For more information or to buy the report, please visit: https://www.globalmarketestimates.com/surgical- retractor-market/ * Check our annual research partnership service at: https://www.globalmarketestimates.com/annual-research-partnership-services/ ©COPYRIGHT 2017 GLOBAL MARKET ESTIMATES RESEARCH & CONSULTANTS 6