The Latin America, Middle East and Africa Surgical Retractor Market would witness market growth of 6.9% CAGR during the forecast period (2020-2026). Surgical retractors can be hand-held or self-retained. The self-retaining segment is expected to have the highest growth rate due to technological advances. An example of these developments is the head-mounted fiber optic incorporated 'The Opight' retractor. In addition, this segment will be driven by increased expenditure on medical instruments in both developed and developing countries. The major factor contributing to the growth of the market for surgical retractors is the increase in the number of surgical procedures around the globe. In addition, certain trends, such as a rise in healthcare spending and an increase in the incidence of chronic medical conditions, which involve surgical procedures for diagnosis, are fuelling the growth of the demand for surgical retractors.
Established companies have been concentrating on research and development activities in order to launch new product lines and help accessories on the market. For example, in December 2016, Mediflex launched its patented FlexGuard Blade Cushion technology. It is a disposable and sterile accessory designed for retractor blades that acts as a shock absorber and increases the safety of the patient.
In terms of application, the growth in obstetrics and gynecology segment was due to an increase in the prevalence of gynecological disorders such as polycystic ovary syndrome (PCOS), uterine cancer and cervical cancer. In addition, increasing awareness of the benefits of regular check-ups has resulted in more gynecological surgeries, thereby boosting the use of retractors in this segment.
The neurosurgery segment is projected to grow at a higher pace during the forecast period. The availability of technically advanced neurosurgery tools, combined with high spending on medical devices and supplies by healthcare facilities, would fuel segment growth in the future.
Based on Application, the market is segmented into Abdominal Surgeries, Orthopedic Surgeries, Obstetric & Gynecological Surgeries, Cardiothoracic Surgeries and Other Applications. Based on Product, the market is segmented into Hand Retractor, Wire Retractors, Self-Retaining Retractors, Table-mounted Retractors and Accessories. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Surgical Retractor Market in LAMEA is expected to register a CAGR of 6.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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
Market Segmentation:
By Application
By Product
By Country
Companies Profiled
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