Deaver Retractor Market Share, Size, Trends, Industry Analysis Report, By Type (Deaver Retractor with handle, Deaver Retractor without handle); By Region; Segment Forecast, 2024- 2032
- Published Date:Mar-2024
- Pages: 117
- Format: PDF
- Report ID: PM4723
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global deaver retractor market was valued at USD 180.48 million in 2023 and is expected to grow at a CAGR of 4.5% during the forecast period.
The deaver retractor is in the shape of a question mark and is used as equipment in surgical procedures. It is ideal for retraction during deep abdominal surgery, chest surgery, and cholecystectomy. The rising research and development activities in the pharmaceutical field will fuel the expansion in the near future. The growing measures taken by major market players to expand their product lines to a wider audience are boosting the growth of the deaver retractor market in the coming years.
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- For instance, in October 2022, June Medical expanding its international footprint with IMedCare to provide the availability of their surgical retractor to the Australian population.
Moreover, the growing ageing population at the global level is creating new growth opportunities for deaver retractors, as it is in a way driving surgeries in the healthcare industry, which may provide a need for deaver retractors soon. The rising success rate of surgeries is enhancing a wide range of opportunities for deaver retractors.
However, the higher costs associated with the manufacturer of deaver retractors are restraining the companies from entering this field, which may lead to lower supply in the marketplace, driving higher costs for retraction systems. Furthermore, technological advancements are crucial for companies specializing in the manufacturing of pharmaceutical equipment, which is difficult for small business organizations, hindering the evolution of small-scale companies in this field.
Growth Drivers
- The increasing patient care among healthcare professionals is boosting the demand for deaver retractors
The growing number of surgical procedures in hospitals, clinics, and ambulatory surgery centers is driving the need for surgical equipment like deaver retractors in the coming years. The Deaver's retractor has the benefit of being a flexible tool that may be utilized in a variety of surgical operations. Additionally, it is simple to operate, freeing up the other hand to carry out additional surgical procedures. Furthermore, due to the blade's thinness and flatness, less tissue injury and stress are likely to occur during surgery, propelling its adoption by healthcare organizations driven by rising concerns about patient safety during surgical operations.
Report Segmentation
The market is primarily segmented based on type, usage, application and region.
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By Type |
By Usage |
By Application |
By Region |
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By Type Analysis
- Deaver retractor with handle segment is expected to witness the highest growth during the forecast period
The deaver retractor with handle segment is projected to grow at a CAGR during the projected period, mainly driven by its ease of use in pharmaceutical operations. These are known to assist surgeons with better ergonomics, as they provide handling grip and comfortability during surgical operations. Furthermore, the deaver retractor will improve the safety of patients by reducing the chance of slippage and accidental tissue injury in surgical procedures, driving adaptability in healthcare centers while ensuring the safety of patients. As patients become more aware of the usage of various instruments in surgeries, they are likely to know all the equipment usage before starting the surgery. With growing surgery failures, this may necessitate healthcare providers using deaver retractors in the coming years.
The deaver retractor without handle segment led the industry market with a substantial revenue share in 2023, largely attributable to the ease of sterilization. A deaver retractor without a handle can be easier to sterilize because of its simple design. This will save the time of surgeons, in which there are more cases and resources, as it enables them to do daily surgical procedures with lower instruments. Furthermore, the growing need for delicate tissue handling is driving the need for this handle type by experienced surgeons due to its dexterity. These factors, together, are contributing to the growth of the global market throughout the study period.
By Usage Analysis
- Disposable segment accounted for the largest market share in 2023
The disposable segment accounted for the largest market share in 2023 and is likely to retain its market position throughout the forecast period. Growing infection control in healthcare settings is becoming a crucial step, driven by the rapid spread of viruses and infections at the global level. This type of deaver retractor enables healthcare centers to reduce the risk of contamination among patients as it is used only once. This also reduces the cost of sterilization of instruments, along with offering convenience to healthcare professionals, fueling its demand in the coming years.
The reusable segment is expected to grow at the fastest rate over the next few years on account of the long-term cost effectiveness of deaver retractors. This reusable segment is witnessing rapid demand in the coming years, driven by growing cost-cutting operations in the healthcare industry. The rising sustainability concerns among patients are encouraging healthcare institutions to prefer reusable deaver retractors, boosting their demand in the near future.
By Application Analysis
- Hospital segment held the significant market revenue share in 2023
The hospital segment held a significant market share in revenue in 2023, which is highly accelerated due to the increasing need for deaver retractors driven by growing surgical volume in hospitals. These are becoming major places for general surgery, orthopedics, neurosurgery, and more. Furthermore, growing advancements in the healthcare industry are driving patient care, which in a way enhances the new growth opportunities for deaver retractors.
The ambulatory surgery center segment is expected to witness higher growth in the next few years, driven by growing cases of outpatient surgeries driven by their cost effectiveness, lower recovery time, and convenience. As ambulatory surgery centers witness a rapid increase in surgeries, there will be a higher demand for surgical equipment, including deaver retractors, in the coming years. Furthermore, these ambulatory surgery centers are specialized in providing surgical procedures ranging from orthopedics to ophthalmology, facilitating a huge demand for surgical equipment in the coming years.
Regional Insights
- Asia Pacific region witnessed the largest global market share in 2023
The Asia Pacific region registered the global market with the largest market share in 2023 and is expected to maintain its dominance over the anticipated period. Countries in the region are witnessing a rapid demand for pharmaceutical equipment driven by growing inpatient cases and surgeries. According to the Indian Brand Equity Foundation, the Indian pharmaceutical industry is expected to reach US$ 130 billion by 2030 with a CAGR of 10%. This growing pharmaceutical industry is demonstrating the ongoing need for patient care, stimulating the need for pharmaceutical equipment like deaver retractors, and fueling its expansion of the market in the coming years.
The North American region is expected to be the fastest growing region with a healthy CAGR during the projected period, owing to the rising need for effective retractor systems in pharmaceutical procedures. June Medical announced its agreement with the hospital groups to supply its Galaxy II self-retaining surgical retractors for 1,600 hospitals in the country. As healthcare providers step forward to adopt innovative surgical equipment, there will be huge potential for the product.
Key Market Players & Competitive Insights
The deaver retractor market is expected to witness rapid expansion in the marketplace, influenced by rising collaborations, partnerships, mergers, and acquisitions among the key market players to expand their share in the global market, along with the development of future research activities to cater to ongoing pharmaceutical industry needs.
Some of the major players operating in the global market include:
- Becton
- Dickinson and Company
- Electro Surgical Instrument
- Integra LifeSciences
- Invuity
- Medline Industries
- Teleflex Incorporated
Recent Developments
- In August 2021, advanced surgical retractor systems, developed a surgical retractor technology, announced the 1st laparotomy using its new TITAN CSR.
Deaver Retractor Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 188.08 million |
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Revenue forecast in 2032 |
USD 267.98 million |
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CAGR |
4.5% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2024 to 2032 |
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Segments covered |
By Type, By Usage, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, region and segmentation. |
FAQ's
Deaver Retractor Market Size Worth $ 267.98 Million By 2032.
The top market players in Deaver Retractor Market are Becton, Dickinson and Company, Electro Surgical Instrument, Integra LifeSciences.
Asia Pacific is contribute notably towards the Deaver Retractor Market.
The global deaver retractor market is expected to grow at a CAGR of 4.5% during the forecast period.
Deaver Retractor Market report covering key segments are type, usage, application and region.
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