The 2023 report on the “Cervical Retractors Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Cervical Retractors Market is valued at approximately USD 185 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.4 % over the forecast period 2022-2028. Cervical retractors are being used in anterior cervical discectomy and fusion procedures for soft tissue abduction. It’s a type of neck surgery in which a damaged disc is removed in able to relieve the spinal cord and alleviate weakness and numbness. The procedure of discectomy could also be called anterior cervical decompression as discectomy is a technique of surgical decompression.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
High rate of increase in the number of surgical spine industry, rise in age-related cervical conditions and rapid growth of the geriatric population has driven the adoption of cervical retractors across the projected period. For Instance: as per the report of the World Health Organization (WHO) in 2019, the global population aged 65 and up was 703 million, with the number expected to rise in the coming years. Also, increase in the trend of medical tourism is most likely to boost the overall growth of the cervical retractors market. However, availability of alternative and unconventional therapies obstructs the market’s expansion over the projection period of 2022-2028.
The key regions considered for the global Cervical Retractors market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Rapid growth of the Geriatric Population and rise in the number of cervical surgeries are driving the market growth in North America. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period, due to an increase in medical tourism in developing countries such as India for minimally invasive cervical procedures.
Major market players included in this report are:
Aesculap
TeDan Surgical Innovations
Medfix International
Globus Medical
NSI Health Systems
Thompson Surgical
Novo Surgical
Life Spine
Rudolf Storz
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Transverse Retractors
Longitudinal Retractors
By Application:
Hospitals
Clinics
Other
By Region:
North America
U.S.
Canada
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Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Some of the Key Questions Answered in this Report:
- What are the essential drivers of the world market? How huge will the market and increase price in upcoming years?
- What are the principal market tendencies that affecting the increase of the world market?
- Key vogue elements have an effect on market share in the world’s pinnacle regions?
- Who are the most vital market contributors and what techniques being they pursuing in the international market?
- What are the market possibilities and threats to which gamers are uncovered in the world market?
- Which enterprise trends, drivers and challenges are riding that growth?
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