Surgical Retractors Market Trends

Drivers

Increasing Awareness of Minimally Invasive Surgeries

• One of the most frequently used procedures to treat various conditions and disorders is open surgeries. These surgeries include making wide incisions, increasing the risk of injury, and raising the post-op recovery time. To avoid these, several patients worldwide are choosing minimally invasive surgeries. Tubular retractor systems provide a direct field of vision of the surgical site that offers anatomical similarity to surgeons. This leads to a reduction in the risk of tissue infections or tissue trauma. The advancement of surgical retractors for these kinds of surgeries is accelerated at a full pace. 

Growing Prevalence of Chronic Diseases

• Chronic disorders are the main reason for undergoing surgeries. Disorders like neurological, cardiovascular, infectious, and urological diseases are the most common illnesses that target the geriatric population. As per the World Federation of Neurology, 12 out of 100 patients are fatal. Fatalities because of neurological disorders rose to 12% globally. Furthermore, the WHO mentioned that the disability-adjusted life years (DALYs) lost due to neurological disorders will increase from 95 million to 103 million by 2030.

Restraints

High Operational Complications

• Surgical retractors play a vital part in conducting a vast range of surgeries by allowing proper visualization of the surgical site. Surgical retractors frequently hold up tissues or organs during the surgical processes, resulting in complications. They must be carefully placed because mishandling of these devices can result to a deeper incision at the treatment site. Such situations can result in tissue infections. Furthermore, strict regulatory policies and reduced reimbursement rates are also creating hindrance for market growth.

Increasing Product Recalls

• A vast range of product recalls is expected to minimize the outreach of surgical retractors. This is because they can frequently reduce consumer confidence. There are many reasons due to which product recalls can take place and the main reason is faulty products. But, when it comes to surgical retractors, the most common factors due to which product recall happens are device heating issues and corrosion of blades. In August 2020, Smith and Nephew, Inc. recalled their Single RIKKI Retractors because the blades were inadequately heat treated.