Rise in healthcare expenditure, increase in the prevalence of chronic medical conditions, and surge in number of surgical procedures performed across the world have boosted the growth of the global surgical retractor market. In addition, the presence of large pool of geriatric populations have fuel the market growth. However, high cost of surgical procedures impedes the market growth. On the other hand, untapped potential in the developing economies is expected to create lucrative opportunities in the near future.

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Hand Retractor segment to dominate the market throughout 2026–

Based on product type, the hand retractor segment held the largest share in 2018, accounting for more than one-third of the global surgical retractor market. This is owing to surge in number of surgical procedures and increase in number of plastic surgeries performed across the globe. However, the self-retaining retractors segment is expected to manifest the fastest CAGR of 5.1% during the forecast period. This is owing to the benefits offered by the device. For instance, the device has a locking system, which allows the surgeon to use both hands. This renders the surgery to be more convenient for the surgeon, and therefore, drives the growth of the market.

The cardiothoracic surgeries segment to manifest fastest growth rate by 2026–

Based on application, the cardiothoracic surgeries segment is anticipated to portray the fastest CAGR of 5.5% during the forecast period. The cardiothoracic surgeries involve incision such as midline sternotomy, thoracotomy, and pacemaker incisions which drives the growth of the segment. However, the abdominal surgeries segment dominated in 2018, accounting for more than one-fourth of the global surgical retractor market. The abdominal surgeries involve incisions that are large. Thus, these surgical incisions require the use of surgical retractors, which keep the tissue and other organs out of the site of surgery. This drives the growth of the segment.