The global breast surgery retractors market is characterized with the
presence of a few large companies that renders a fairly consolidated
business landscape, says Transparency Market Research (TMR) in a new
report. Competition prevails in the market as these players outshine
each other with innovative products and expand their geographical
outreach.
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Key players in this market such as Accurate Surgical & Scientific
Instruments, Invuity Inc., Integra Lifesciences Corporation, and B.
Braun Melsungen AG are resorting to carefully crafted alliances and
mergers and acquisitions across geographies to consolidate their
position in this market. The development of cutting-edge products at
competitive prices remains the key growth strategy of top players in
the global breast surgery retractors market.
As per the TMR report, the breast surgery retractors market is likely
to be worth US$328.68 mn by the end of 2025 at a CAGR of 3.20%
between 2017 and 2025.
Among the key product types, single-arm retractors reigned the market
in 2016 and is likely to remain dominant over the forecast period. In
terms of breast surgery procedure, plastic surgery segment led the
market in 2016 and is anticipated to stay at the helm over the
forecast period.
North America held the leading share of the breast surgery retractors
market in 2016; going forward, the region is anticipated to
experience heavy demand for breast surgery retractors. The region,
will thus maintain high stakes over the forecast period. The lead of
the region could be attributed to considerable importance to
aesthetics and appearance. Europe trails North America in terms of
demand for breast surgery retractors due to increasing preference for
minimally invasive procedures.
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The key factors contributing to the growth of breast surgery
retractors market include increasing incidence of breast cancer,
rising aesthetic awareness, and growing preference for minimally
invasive surgery. As per statistics provided by Breastcancer.org,
more than one among every eight women develop breast cancer during
their lifetime. In 2017, more than 252,710 new invasive procedures
for breast cancer and more than 63,410 new non-invasive procedures
for breast cancer were reported globally. In 2017, 3.1 million cases
of breast cancer were reported in the U.S. alone.
Research and development initiatives to introduce advanced retractors
such as polymer based ones to replace stainless steel retractors is
providing further impetus to the growth of this market.
The growing number of plastic surgeries performed is further boosting
the growth of breast surgery retractors market. High importance to
aesthetics is stoking demand for plastic and cosmetic surgery among
women and men for professional and non-professional reasons.
According to the International Society Aesthetic Plastic Surgeons, in
2016, the total number of plastic breast surgery procedures carried
out in Brazil were 255,607 and over 62,206 in Mexico. The low cost of
plastic surgery and breast augmentation procedures in these places
have made them preferred destinations for customers in the West.
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