Europe Surgical Retractors Market Size & Outlook
Europe surgical retractors market, 2018-2030 (US$M)
Europe surgical retractors market highlights
- The Europe surgical retractors market generated a revenue of USD 508.1 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, handheld was the largest revenue generating type in 2023.
- Handheld is the most lucrative type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 508.1 million |
| Market revenue in 2030 | USD 685.4 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Handheld |
| Fastest growing segment | Handheld |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Handheld |
| Key market players worldwide | Medtronic PLC, Becton Dickinson & Co, Medical Facilities Corp, Teleflex Inc, Medline Industries, B. Braun Medical, Applied Digital Corp, Insmed Inc, LiNA, Bureau Veritas SA, CooperSurgical, Stryker Corp, Terumo Corp, Boston Scientific Corp, Coloplast A/S ADR, Thomson Medical, Vivo Surgical, MacroCure, Changzhou Lookmed Medical Instrument Co., JUNE Medical, Applied Medical Technology Inc. |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.7% of the global surgical retractors market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 584.9 million by 2030.
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Surgical Retractors Market Scope
Surgical Retractors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe surgical retractors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to surgical retractors market will help companies and investors design strategic landscapes.
Handheld was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe surgical retractors market based on handheld covering the revenue growth of each sub-segment from 2018 to 2030.
This growth can be attributed to various factors such as rising prevalence of chronic disorders, high adoption of advanced technologies, presence of large geriatric population, increasing reimbursement for surgical procedures, and growing demand for minimally invasive procedures over traditional methods. In 2016, 27.3 million people were aged 80 and above in the region, of which 5.8% of people lived in Germany.
These people are more susceptible to chronic diseases and hence may opt for various treatment options, such as surgeries. According to WHO, the burden of noncommunicable diseases is highest in Europe, and chronic diseases such as diabetes, cardiovascular disorders, chronic respiratory diseases, mental disorders, and cancer are responsible for an estimated 86% of deaths in the region, thereby contributing to 77% of disease burden in Europe.
Rising number of surgeries help, treat, and manage these diseases, facilitating use of surgical tools such as surgical retractors. Furthermore, according to European Road Safety Observatory Annual Accident Report 2018, over 1,099,032 road injuries were reported in the year 2018. With growing number of surgeries for wound closure, the need for surgical tools, such as retractors, is expected to increase, thereby contributing to overall market growth.
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Our clientele includes a mix of surgical retractors market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe surgical retractors market , including forecasts for subscribers. This continent databook contains high-level insights into Europe surgical retractors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe surgical retractors market
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