Breast Cancer and Aesthetic Procedures to Invigorate Breast Surgery Retractors Market
The risk of breast cancer is directly proportional to age. Breast Cancer is the most prevalent invasive cancer among women, affecting those over 40 years of age. It is estimated that over 12% of women develop invasive breast cancer over the course of their lives. A large female geriatric population, combined with rising awareness about breast cancer and early prognosis, is anticipated to leverage the demand for breast retractors.
Rise in aesthetic procedures such as breast augmentation and technological innovations such as disposable retractors and lighted retractors are also anticipated to drive market growth. Technological advancements in the areas of design and interface are expected to offer better usability to surgeons. On the back of these factors, the global breast surgery retractors market is projected to grow at a very modest CAGR of 3.3% during the forecast period (2020-2025).
Plastic Surgeries Remain Preferred, Lumpectomy to Catch Up
Plastic surgeries are foreseen to capture a large chunk of the global breast surgery retractors market. Projections indicate a share of two-fifths of the overall breast surgery retractors market. Demand for breast augmentation, breast lift (mastopexy) and breast reduction procedures post-pregnancy are attributed as key drivers of the plastic surgeries segment. A stagnant CAGR of 3.6% is predicted in the forecast period for the plastic surgeries segment.
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Following plastic surgery is the lumpectomy segment, anticipated to expand at a CAGR of 3.3% during the forecast period. Fast post-surgery recovery, non-hospitalization and effectiveness in prevention of recurrence of breast cancer is anticipated to boost the demand for lumpectomy procedures. The lumpectomy segment is foreseen to capture almost a quarter of the global breast surgery retractors market.
North America Retains Market Influence, Asia-Pacific Expanding Modestly
North America is projected to retain its dominance in the global breast surgery retractors market, capturing more than two-fifth of the overall market, although growth prospects seem stagnant. Increasing number of plastic surgery procedures and awareness regarding aesthetic surgeries are uplifting market growth. A sluggish CAGR of 2.5% is anticipated for the North American market.
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Asia-Pacific shows moderate growth prospects throughout the forecast period, expanding at a CAGR of 4.3%. Market expansion, owing to increased incidences of breast cancer and growing awareness among people regarding its treatment shall drive market growth. Additionally, government initiatives to improve medical facilities in developing countries and a burgeoning pool of oncologists are also set to bolster the demand for breast surgery retractors. Also, plastic breast surgeries such as breast augmentation, breast implant removal, mastopexy and breast reduction are projected to expand the Asia-Pacific breast surgery retractors market.
Introduction of Proprietary Technology to Act as Key Growth Lever for Market Players
The global breast surgery retractors market is highly fragmented. A number of market players: Integra Lifesciences Corporation, Medtronic, CooperSurgical Inc. and Invuity, Inc., Hayden Medical, Inc., B. Braun Melsungen AG, Black & Black Surgical, Inc., OBP Medical Corporation and Medicare Surgical Products, exist. Most of these companies have heavily invested in proprietary technology to boost sales.
For instance, Invuity, Inc., offers intelligent photonics technology with intra-cavity illumination. Christened Eikon® LT, this illuminated retractor system provides all-in-one illumination and retraction and multiple blade sizes to accommodate varying patient anatomies and surgeon preferences. Its smooth blade edges also reduce tissue trauma.
Similarly, Medtronic, Inc. manufactures the RadiaLuxTM Lighted Retractors. It is a single-use, cordless illumination device for breast and abdominal procedures. The device is equipped with interchangeable blades, optimized for access in advanced breast surgery.
Breast Surgery Retractors Market- Scope of the Report
The recent study by Fact.MR on Breast surgery retractors market offers a 5-year forecast between 2020 and 2025. The study analyzes crucial trends that are currently determining the growth of breast surgery retractors market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of breast surgery retractors. The study also provides dynamics that are responsible for influencing the future status of the breast surgery retractors market over the forecast period.
A detailed assessment of breast surgery retractors market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the breast surgery retractors market along with their product portfolio enhances the reliability of this comprehensive research study.
Breast Surgery Retractors Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in breast surgery retractors market across the globe.
A comprehensive estimate of breast surgery retractors market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of breast surgery retractors market during the forecast period. Price point comparison by region with global average price is also considered in the study.
Breast Surgery Retractors: Market Segmentation
Fact.MR has studied the breast surgery retractors market with detailed segmentation on the basis of product type, usage type, breast surgery procedure, End-user and key regions.
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Product Type |
Usage Type |
Breast Surgery Procedure |
End-user |
Key Regions |
|
Single-arm Retractors |
Disposable Retractors: Lighted Non-Lighted |
Mastectomy |
Hospitals |
North America |
|
Double-arm Retractors |
Reusable Retractors: Lighted Non-Lighted |
Lumpectomy |
Ambulatory Surgical Centers |
Europe |
|
|
|
Plastic Surgery |
Gynecology Clinics |
Asia Pacific |
|
|
|
Breast Reconstruction |
|
Eastern Europe |
|
|
|
|
|
Latin America |
|
|
|
|
|
Middle East & Africa (MEA) |
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Breast Surgery Retractors Market: Analysis on Market Size Evaluation
Breast surgery retractors market has been analyzed for each market segment, in terms of value (US$ Mn) and volume (‘000 units).
Market estimates at global and regional levels for breast surgery retractors is available in terms of “US$ Mn” for value and thousand units for volume. A Y-o-Y growth contrast on prominent breast surgery retractors market segments, along with market attractiveness evaluation has been incorporated in the report.
Breast Surgery Retractors Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the breast surgery retractors report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (economic, and business environment outlook), which are expected to have a momentous influence on the growth of the breast surgery retractors market during the forecast period.
Country-specific valuation on demand for breast surgery retractors has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Breast Surgery Retractors Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of breast surgery retractors along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of breast surgery retractors, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in the breast surgery retractors market. Prominent manufacturers with established market presence in global breast surgery retractors market are Medtronic Plc., Invuity Inc., Black and Black Surgical and OBP Medical Corporation, among others.
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Breast Surgery Retractors Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2025