North America Cervical Retractors Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Transverse Retractors and Longitudinal Retractors) and End User (Hospital, Clinic, and Others)
Market Introduction
Cervical retractor systems are used during surgical procedures for soft tissue retraction in anterior cervical discectomy and fusion procedures. A cervical retractor helps surgeons for easy and secure access to the cervical spine and prevent interference of soft tissues while operating the cervical spine. The high soft-tissue complication rates after anterior cervical surgery led to the development of the novel design of retractors. Many cervical retraction systems use arms with mechanical joints fixed to a table-mounted frame to allow adjustability and independent relaxation.
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Market Overview and Dynamics
The North America cervical retractors market is expected to reach US$ 127.12 million by 2028 from US$ 71.15 million in 2020; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028. Key factors that are driving the growth of this market are growing prevalence of age-related cervical conditions, surging geriatric population and rise in number of cervical spine surgeries across globe. However, availability of alternative therapies like manual manipulation and physical therapy is likely to restrain the market growth in the future years to some extent.
Surge in aging population is poised to one of the most significant causes of social transformations in the 21st century. As per the data published by the United Nations, the world had ~962 million people with age 60 or above in 2017, which was 13% of the global population in that year. Further, this population is estimated to grow at a rate of 3% every year. Spinal conditions are the most common conditions observed in older adults, affecting 5–55% of people with age 55 and above. These medical conditions are associated with a high risk for adverse outcomes such as mortality, disability, institutionalization, and hospitalization. Hence, with the growing geriatric population and rise in prevalence of associated cervical pain, the cervical retractors market is witnessing significant growth. Different studies suggest that many adults show no symptoms of degenerative disc disease, even though a high percentage of them still experience the signs of disc degeneration on the spine, in on an MRI. According to one of the studies, ~50% of people start showing some signs of disc degeneration in an MRI by their early 20s. While nearly everyone eventually gets cervical degenerative disc disease with age, and factors such as genetics, obesity, and smoking accelerate the process of developing this disease, so that the people become symptomatic sooner. Hence such rising incidences in cervical disc degeneration and higher number of cervical spine surgeries across globe also boosts the market growth.
The North American region is highly affected due to the outbreak of the COVID-19 pandemic. In the US, due to an increasing number of infected patients, healthcare professionals and leading organizations are distracting the flow of healthcare resources from research & development to primary care, which is slowing down the process of innovation. Over the past couple of years, the treatment processes for the COVID-19 have been developed. Thus, there have been remarkable reductions of the load over the healthcare system and other healthcare services such as treatments, surgeries, and others. Moreover, the vaccination process has gained speed, and more and more people are getting their vaccinations. Thus, the COVID-19 has a relatively better impact on the cervical retractors market.
Key Market Segments
Based on product, the North America cervical retractors market is segmented into transverse retractors, and longitudinal retractors. In 2020, the transverse retractors segment held the largest share of the market and is estimated to grow at significant CAGR during the forecast period due to growing numbers of endoscopy procedures, increasing product developments, and product launches.
Based on end user, the North America cervical retractors market is segmented into hospital, clinic, and others. In 2020, the hospital segment held the largest share of the market and is estimated to grow at significant CAGR during the forecast period due to growing numbers of minimally invasive procedures, awareness of among the patients and healthcare service providers about the endoscopy products.
Major Sources and Companies Listed
A few of the primary and secondary sources associated with this report on the North America cervical retractors market are the Organization for Economic Cooperation and Development (OCED), Neurological Health Charities Canada (NHCC) and Centers for Disease Control and Prevention (CDC).
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NORTH AMERICA CERVICAL RETRACTORS MARKET SEGMENTATION
By Product
- Transverse Retractors
- Longitudinal Retractors
By End User
- Hospital
- Clinic
- Others
By Country
- U.S
- Mexico
- Canada
Company Profiles
- Aesculap Implant Systems, LLC
- TeDan Surgical Innovations
- NSI Health Systems
- Thompson Surgical
- Novo Surgical, Inc
- Life Spine
- Rudolf Storz GmbH
- Globus Medical, Inc.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Cervical Retractors Market – By Product
1.3.2 North America Cervical Retractors Market – By End User
1.3.3 North America Cervical Retractors Market – By Country
2. Cervical Retractors Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Cervical Retractors Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Expert Opinions
5. Cervical Retractors Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Prevalence of Age-Related Cervical Conditions and Surging Geriatric Population
5.1.2 Rise in Number of Cervical Spine Surgeries
5.2 Market Restraints
5.2.1 Availability of Alternative Therapies
5.3 Future Trends
5.3.1 Preference for Minimally Invasive Surgeries
5.4 Impact Analysis
6. Cervical Retractors Market – North America Analysis
6.1 North America Cervical Retractors Market Revenue Forecast and Analysis
7. Cervical Retractors Market Analysis – By Product
7.1 Overview
7.2 Cervical Retractors Market Revenue Share, By Product (2020 and 2028)
7.3 Transverse Retractors
7.3.1 Overview
7.3.2 Transverse Retractors: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Longitudinal Retractors
7.4.1 Overview
7.4.2 Longitudinal Retractors: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
8. Cervical Retractors Market Analysis – By End User
8.1 Overview
8.2 Cervical Retractors Market Revenue Share, by End User (2020 and 2028)
8.3 Hospital
8.3.1 Overview
8.3.2 Hospital: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
8.4 Clinics
8.4.1 Overview
8.4.2 Clinics: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
9. Cervical Retractors Market – North America Analysis
9.1 North America: Cervical Retractors Market
9.1.1 North America: Cervical Retractors Market, by Country, 2020 & 2028 (%)
9.1.2 US: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.2.1 US: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.2.2 US: Cervical Retractors Market, by Product, 2020–2028 (USD Million)
9.1.2.3 US: Cervical Retractors Market, by End User, 2020–2028 (USD Million)
9.1.3 Canada: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.3.1 Canada: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.3.2 Canada: Cervical Retractors Market, by Product, 2020–2028 (USD Million)
9.1.3.3 Canada: Cervical Retractors Market, by End User, 2020–2028 (USD Million)
9.1.4 Mexico: Cervical Retractors Market- Revenue and Forecasts to 2028 (USD Million)
9.1.4.1 Mexico: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.4.2 Mexico: Cervical Retractors Market, by Product, 2020–2028 (USD Million)
9.1.4.3 Mexico: Cervical Retractors Market, by End User, 2020–2028 (USD Million)
10. Impact of COVID-19 Pandemic on North America Cervical Retractors Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
12. Company Profiles
12.1 Aesculap Implant Systems, LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 TeDan Surgical Innovations
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Globus Medical, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 NSI Health Systems
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Thompson Surgical
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Novo Surgical, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Life Spine
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Rudolf Storz GmbH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. US Cervical Retractors Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 2. US Cervical Retractors Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 3. Canada Cervical Retractors Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 4. Canada Cervical Retractors Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 5. Mexico Cervical Retractors Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 6. Mexico Cervical Retractors Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. Developments Done by Companies
Table 8. Glossary of Terms, Cervical Retractors Market
LIST OF FIGURES
Figure 1. Cervical Retractors Market Segmentation
Figure 2. Cervical Retractors Market Segmentation, By Country
Figure 3. Cervical Retractors Market Overview
Figure 4. Transverse Retractors Segment Held Largest Share of Cervical Retractors Market
Figure 5. North America Cervical Retractors Market – Leading Country Markets (US$ Million)
Figure 6. North America PEST Analysis
Figure 7. Cervical Retractors Market Impact Analysis of Drivers and Restraints
Figure 8. North America Cervical Retractors Market – Revenue Forecast and Analysis – 2020- 2028
Figure 9. Cervical Retractors Market Revenue Share, By Product (2020 and 2028)
Figure 10. Transverse Retractors: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 11. Longitudinal Retractors: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 12. Cervical Retractors Market Revenue Share, by End User (2020 and 2028)
Figure 13. Hospital: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 14. Clinics: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 15. Others: Cervical Retractors Market– Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America: Cervical Retractors Market, by Key Country – Revenue (2020) (USD Million)
Figure 17. North America: Cervical Retractors Market, by Country, 2020 & 2028 (%)
Figure 18. US: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
Figure 19. Canada: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
Figure 20. Mexico: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
Figure 21. Impact of COVID-19 Pandemic in North American Country Markets
- Aesculap Implant Systems, LLC
- TeDan Surgical Innovations
- Globus Medical, Inc
- NSI Health Systems
- Thompson Surgical
- Novo Surgical, Inc
- Life Spine
- Rudolf Storz GmbH