Cervical Retractors Market Trends

  • Report ID: 3969
  • Published Date: Jul 25, 2024
  • Report Format: PDF, PPT

Cervical Retractors Market Trends

Growth Drivers

  • Prevalence of Age-Related Cervical Disorders - As people age, their muscles, ligaments, and discs in the neck become weaker and less flexible, leading to degenerative changes in the cervical spine. This results in an increased risk of cervical spondylosis. In 2021, 28% of all diagnosed spinal degenerative diseases were age-related. Age-related cervical disorders can be relieved and improved through the use of cervical retractors. The retractors are designed to slowly and gently stretch the neck muscles, allowing them to relax and loosen up, reducing pain and restoring the normal range of motion.
  • Rise in Instrumented Spinal Procedures will boost the cervical retractors market demand - There are over 1.60 million spinal surgeries performed every year. The cervical retractor system is designed to help surgeons carry out precise and safe spinal procedures. It provides a secure and stable platform for surgeons to perform surgery and facilitates implant placement accurately. It also allows for a minimally invasive approach to the cervical spine, which reduces complications risk.
  • Rising Availability of Medical Devices Worldwide - In recent years, increased access to medical products has resulted in a surge in demand for cervical retractors in surgical settings. There are now more than 7000 generic medical devices available on the world market, with more than 2 million different varieties.

Challenges

  • Concern of tissue damage by self-retaining retractors - The self-retaining retractors have sharp edges which can lacerate or damage surrounding tissue when placed with too much tension, and this can lead to an infection or wound dehiscence. This can cause a delay in healing and lead to an increased risk of complications.

  • Lack of skilled labor and the presence of counterfeit products
  • Emergence of substitute products

Cervical Retractors Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

5.5%

Base Year Market Size (2023)

USD 126.6 Billion

Forecast Year Market Size (2036)

USD 253.93 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Radhika Pawar


  • Report ID: 3969
  • Published Date: Jul 25, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of cervical retractors is evaluated at USD 132.87 Billion.

The cervical retractors market size was over USD 126.6 Billion in 2023 and is set to exceed USD 253.93 Billion by the end of 2036, witnessing over 5.5% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for minimally invasive surgeries, and the rising number of cervical injuries are the major factors driving the market growth.

Asia Pacific industry is expected to register a share of approximately 28% by 2036, driven by growing awareness of the benefits of cervical retractors in medical centers and hospitals.

Aesculap Implant Systems, Inc., TeDan Surgical Innovations, Inc., Medfix International, LLC, Globus Medical, Inc., Thompson Surgical Instruments, Inc., Novo Surgical, Inc., NSI Health Systems, Stryker Corporation, Boston Scientific Corporation, Microcure (Suzhou) Medical Technology Co., Ltd
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