Cervical Retractors Market Trends - Growth Forecasts 2035

Global Cervical Retractors Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Cervical Retractors Market size is predicted to cross USD 218 Billion by the end of 2035, witnessing a CAGR of 5% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of cervical retractors was over USD 120 Billion.

There is increasing use of spinal devices such as cervical retractors for treating cervical disc herniation. An estimated 5 to 20 cervical disc herniation per 1000 adults occur each year, which contributes to neck pain in adults. The cervical retractor is used to separate the vertebrae and expose the herniated disc while allowing a surgeon to access the herniated disc and surgically remove it.

Manufacturers' wide availability of retractor sets has created a lucrative opportunity for the cervical retractors market. MEDFIX VISION cervical retractor set by Medfix International, LLC features locking technology that ensures blades are snugly connected to retractor bodies, and hinged arms that conform to patient anatomy during surgical procedures.

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Cervical Retractors Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~5%
Base Year Market Size (2022)	~ USD 120 Billion
Forecast Year Market Size (2035)	~ USD 218 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)

Global Cervical Retractors Sector: Growth Drivers and Challenges

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 Retractor Segmentation

Type (Transverse Retractors, Longitudinal Retractors)

By 2035, transverse retractor segment is poised to account for 53% of the market share. The transverse retractor system is designed to provide a secure engagement with minimal tissue trauma and improved visibility, while its low-profile design allows for easy access to the surgical site.

This allows surgeons to perform procedures with greater precision while reducing the risk of tissue damage. A Phantom CS Transverse Retractor by TeDan Surgical Innovations has been designed with Sure-Lock and Lever Lock technologies.

End-User (Hospitals, Clinics, Ambulatory Surgery Centers)

A significant share of 49% is predicted to be owned by the hospitals segment in the cervical retractors market by 2035. Hospitals are performing an increasing number of minimally invasive procedures to treat conditions such as hernias, spine ailments, and tumor removals. These procedures require the use of cervical retractors. In addition, hospitals are investing in advanced medical equipment and modernizing their infrastructure to improve patient outcomes.

Our in-depth analysis of the cervical retractors market includes the following segments:

Type

Transverse Retractors
Longitudinal Retractors

End User

Hospital
Clinics
Ambulatory Surgery Center

Cervical Retractors Industry - Regional Synopsis

North American Market Forecast

North America cervical retractor market is anticipated to dominate 37% revenue share by the end of 2035. A rising prevalence of cervical cancer is observed in the region, and the region has developed well-established healthcare systems to combat the disease. A cervical retractor is a surgical instrument that spreads and exposes the cervix to facilitate surgical access.

APAC Market Statistics

Asia Pacific cervical retractors market is expected to register a share of approximately 28% by 2035, driven by growing awareness of the benefits of cervical retractors in medical centers and hospitals.

A higher proportion of elderly people in the region creates a greater need for medical devices that can support the diagnosis and treatment of aging-related conditions, such as back pain. Cervical retractors are particularly useful in aiding the diagnosis and treatment of conditions related to the cervical spine, such as herniated discs or cervical stenosis, which are more common in older populations.

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Companies dominating the Global Cervical Retractors Landscape

Aesculap Implant Systems, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

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

In The News

Thompson Surgical Instruments, Inc., announced that the Thompson retractor, a general table-mounted, self-retaining retractor, was declared the most frequently used retractor in the United States.
Aesculap Implant Systems, LLC, announced its long-term randomized IDE trial's successful outcome to treat single-level degenerative disease.

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the cervical retractors market?

Ans: Increasing demand for minimally invasive surgeries, and the rising number of cervical injuries are the major factors driving the growth of the cervical retractors market.

2) What would be the CAGR of cervical retractors market over the forecast period?

Ans: The market size of cervical retractors is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the cervical retractors market growth?

Ans: Lack of skilled labor and the presence of counterfeit products are the challenges affecting the market growth.

4) Which region will provide more business opportunities for growth of cervical retractors market in future?

Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

5) Who are the major players dominating the cervical retractors market?

Ans: The major players in the market are TeDan Surgical Innovations, Inc., Medfix International, LLC, Globus Medical, Inc., Thompson Surgical Instruments, Inc., NSI Health Systems, and Stryker Corporation.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the cervical retractors market?

Ans: The market is segmented by type, end user, and region.

8) Which segment captures the largest market size in application segment in the cervical retractors market?

Ans: The transverse retractors segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.