September 16, 2022
According to the recent research report titled ‘Global Cervical Retractors Market Size study, by Type (Transverse Retractors, Longitudinal Retractors), by Application (Hospitals, Clinics, Others) and Regional Forecasts 2022-2028’ available with MarketStudyReport, global cervical retractors market accounted for USD 185 billion in 2021 and is estimated to record a growth rate of 8.4 % over the forecast period, thus amassing USD 325.37 billion by the end of 2028.
The expansion of global cervical retractors market has been upped by the rapid increase in the geriatric population, surging age-related cervical diseases, and the high rate of growth in the surgical spine business.
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For soft tissue abduction during anterior cervical discectomy and fusion procedures, cervical retractors are used. A damaged disc is removed during this kind of neck surgery in order to ease pressure on the spinal cord and reduce numbness & weakness. Since discectomy is a surgical decompression method, the surgery could also be referred to as anterior cervical decompression.
Additionally, the rise in medical tourism is projected to accelerate the growth of the market in the forthcoming years
However, the industry’s progress is likely to be hampered by the availability of alternative and unconventional medicines, over the projected period of 2022–2028.
Worldwide cervical retractors market is segmented based on type, and application scope. On the basis of type, this marketplace is bifurcated into longitudinal retractors and transverse retractors. In terms of application model, the market is segregated into clinics, hospitals, and others.
In terms of regional terrain, this business space spans across Asia Pacific, North America, Latin America, Europe, and the rest of the world. Among these, North America market is expected to record a significant growth rate over the analysis period, owing to a rise in the number of cervical surgeries and the increasing geriatric population.
Asia Pacific industry is estimated to generate considerable CAGR during the forecast period, due to an increase in medical tourism in developing countries like India for minimally invasive cervical procedures.
The competitive landscape of global cervical retractors industry vertical involves companies such as Aesculap Implant Systems, LLC, B.Braun Medical Inc., Rudolf Storz GmbH, Life Spine Inc., Novo Surgical, Inc., Thompson Surgical Pvt. Ltd., NSI Health Systems, Globus Medical, Inc., Medfix International, LLC, And Tedan Surgical Innovations LLC.