Global Cervical Retractors Market, By Type (Transverse Retractors, Longitudinal Retractors), End-User (Hospitals, Clinic, Others) – Industry Trends and Forecast to 2029
Cervical Retractors Market Analysis and Size
The cervical retractor market is experiencing tremendous demand due to the rise in chronic conditions like cancer, diabetes, and autoimmune diseases. In order to retain a strong market position, various producers are concentrating on creating technologically sophisticated surgical retractors. The main factors propelling the growth of the cervical retractor market are an increase in age-related cervical disorders, an ageing population, and an increase in cervical spine surgeries.
Data Bridge Market Research analyses that the cervical retractors market which was USD 185 billion in 2021, would rocket up to USD 315.50 billion by 2029, and is expected to undergo a CAGR of 6.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Cervical Retractors Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Transverse Retractors, Longitudinal Retractors), End-User (Hospitals, Clinic, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Aesculap Inc. (U.S.), TeDan Surgical Innovations, Inc. (U.S.), Medfix International, LLC (U.S.), Globus Medical (U.S.), Thompson Surgical (U.S.), Novo Surgical, Inc. (U.S.), NSI Health Systems (U.S.), Stryker (U.S.), Boston Scientific Corporation (U.S.), Microcure (Suzhou) Medical Technology Co., Ltd (China), Life Spine (U.S.) Rudolf Storz (Germany)
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Market Opportunities
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Market Definition
Cervical retractors are used for soft tissue abduction during anterior cervical discectomy and fusion procedures. A damaged disc is removed during this kind of neck surgery to ease pressure on the spinal cord and lessen numbness and weakness. Since discectomy is a surgical decompression method, the surgery could also be referred to as anterior cervical decompression.
Cervical Retractors Market Dynamics
Drivers
- Rise in public awareness
It is anticipated that the government's awareness campaign and health initiatives to address and lower the incidence of cervical cancer will accelerate market growth throughout the forecast period. Additionally, it is anticipated that the overall spending in the healthcare industry will rise as a result of increased public awareness and technological advancements.
- Increasing healthcare spending
The American Cancer Society estimates that 14,100 new cases of invasive cervical cancer will be diagnosed in 2022, and that 4280 women will die from the disease in the USA. Additionally, throughout the course of the forecast period, it is estimated that patient-friendly reimbursement policies and increased healthcare spending in the area will propel market expansion.
Opportunities
- Increase in cervical spine procedures
The market's expansion has been attributed to a number of significant factors, including the rising prevalence of age-related cervical disorders, the ageing global population, the rising acceptance of technologically improved equipment, and the rise in cervical spine procedures globally.
Restraints/Challenges
On the other hand, the availability of alternative and unconventional therapies will restrain the market's growth rate.
This cervical retractors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cervical retractors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- On November 18, 2021, The Thompson retractor, a universal table-mounted, self-retaining retractor, was proclaimed the most widely used retractor in the United States, according to Thompson Surgical Instruments, Inc.
- On July 26, 2021, Aesculap Implant Systems, LLC, reported the positive results of their extended randomised controlled IDE trial for the treatment of single-level degenerative illness.
Global Cervical Retractors Market Scope
The cervical retractors market is segmented on the basis of product type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Transverse Retractors
- Longitudinal Retractors
End User
- Hospital
- Speciality Clinic
- Ambulatory Care Centres
- Others
Cervical Retractors Market Regional Analysis/Insights
The cervical retractors market is analysed and market size insights and trends are provided by country, product type and end-user as referenced above.
The countries covered in the cervical retractors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cervical retractors market due to the rising female population and increasing cases of cervical cancer.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The cervical retractors market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Global cervical retractors market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cervical retractors market. The data is available for historic period 2010-2020.
Competitive Landscape and Cervical Retractors Market Share Analysis
The cervical retractors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cervical retractors market.
Some of the major players operating in the cervical retractors market are:
- Aesculap Inc. (U.S.)
- TeDan Surgical Innovations, Inc. (U.S.)
- Medfix International, LLC (U.S.)
- Globus Medical (U.S.)
- Thompson Surgical (U.S.)
- Novo Surgical, Inc. (U.S.)
- NSI Health Systems (U.S.)
- Stryker (U.S.)
- Boston Scientific Corporation (U.S.)
- Microcure (Suzhou) Medical Technology Co., Ltd (China)
- Life Spine (U.S.)
- Rudolf Storz (Germany)
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