Surgery Market Analysis Report 2023

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The global surgical retractors market size is expected to grow from $2.00 billion in 2021 to $2.17 billion in 2022 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The surgical retractors market is expected to reach $2.85 billion in 2026 at a CAGR of 7%.

Technological advancements are the key trends gaining popularity in the surgical retractors market. Major companies operating in the surgical retractors market are introducing new technologies to sustain their position in the market. For instance, in August 2021, Advanced Surgical Retractor Systems Inc., a US-based medical equipment company launched exploratory laparotomy with the new TITAN Cestero surgical retractor (CSR), an advancement in surgical retractor technology. The TITAN CSR combines multiple retractors in one novel device and is designed to integrate with Bookwalter blades. It provides optimal exposure to deep and retroperitoneal structures boasting a 50x faster setup speed.

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