Surgical Retractors Market to reach USD 3.81 billion by 2032, growing at a CAGR of 6.74%
Rapid market growth of surgical retractors is attributed to factors such as increasing prevalence of chronic diseases, rising geriatric population, and increase in surgical techniques. The number of people aged 60 years and older is expected to double from 900 million in 2015 to 2 billion by 2050, as stated by the World Health Organization (WHO). The stimulation of demands for surgical procedures with the mentioned demographic shift, in turn, is projected to support the growth of the surgical retractor market. In fact, according to the CDC, chronic diseases are the leading causes of death and disability in the United States, and 6 in 10 adults have a chronic disease. The widespread burden of chronic disorders essentially leading to surgery is expected to accelerate market expansion.