Retractor Market plays for Epic experience in projected year 2020-2024 |Involved Companies: BD, Teleflex, B.Braun, Medtronic, MTS, Thompson Surgical


Posted February 14, 2020 by morerushi

The Retractor Market reports study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.

 
Global Retractor Market Synopsis:

The Retractor industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Retractor market size to maintain the average annual growth rate of 0.0529184890651 from 170.0 million $ in 2014 to 220.0 million $ in 2018, Market analysts believe that in the next few years, Retractor market size will be further expanded, we expect that by 2023, The market size of the Retractor will reach 300.0 million $.

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Retractor is a hand-held surgical instrument which effectively utilized by the surgeon during the surgery. This is simple steel tool which has stunning or angled blade toward one side with a handle to hold it comfortably. Retractors can utilize to separate the edges of surgical incision or wounds, additionally; it is also utilized to hold the back of tissue or organ. This retractor is used manually or by robotic method to perform the surgery. Other than handheld, the surgical retractor is also of self-retaining type. These retractors are available with various shapes, size, and style in the market for various surgeries. The surgeons require choosing the appropriate retractor depending on surgery. This means, hand cranked surgical retractor is used for rib surgery and thoracic retractor are used for thoracic surgeries. Both are reusable, as well as disposable surgical retractor, is available in the store.

Rising prevalence and frequency of constant illness have upsurge the quantity of surgery globally which is the essential factor driving the development of surgical retractor market. In addition, rising geriatric population has also grown the number reconstructive and minimally invasive surgical process which will boost the development of surgical retractor market. The increase in surgical process widely has raised the demand for retractor which will raise the revenue growth of retractor over the forecast year.

The detailed segments and sub-segment of the Retractor Market are given below:

1) Product Type Segmentation:

Hand Held Retractors
Self-Retaining Retractors
2) Industry Segmentation:

Abdomen Surgery:
Abdominal surgery to catch the greatest revenue share of the global retractors market

The analysis of global retractors market is bifurcated into different segments on the basis of product type, application, surgery type, end user and region. The segmentation done on the basis of application includes those surgeries that find the most common application for the use of retractors. This global research report indicates that the segment of abdominal surgery leads among all other surgeries under the application segmentation. Abdominal surgery is witness an exceptional revenue share in the market

Brain Surgery
Vascular Surgery
3) Region Segmentation:

On the basis of Regional analysis, North America and Europe holds major share in global Retractor market. Moreover, Asia-Pacific is expected to record higher growth rate in Retractor Market during the forecast year.

North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Top Leading player in Global Retractor Market:

J&J (DePuy Synthes), BD, Teleflex, B.Braun, Medtronic, MTS, Thompson Surgical, CooperSurgical, Mediflex, SENKO MEDICAL INSTRUMENT, Invuity, Takasago Medical, Roboz, Fuji Flex, Jinyang Medical Instruments Co., Delacroix Chevalier, Tonglu Medical Instrument Equipment

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Industry news:

BD (Sep 26, 2019)

BD Announces Leadership Succession Plan

BD (Becton, Dickinson and Company), a leading global medical technology company, today announced that Vincent A. Forlenza, chairman and CEO, retire as CEO on Jan. 28, 2020, following the company’s annual meeting of shareholders. Forlenza will continue on the BD board of directors, serving as the executive chairman.

The BD board of directors unanimously elected Thomas E. Polen, current president and chief operating officer (COO) of BD, to the role of chief executive officer and president, effective Jan. 28, 2020. Polen will be nominated for director at the company’s annual meeting of shareholders.

“As we head into the final year of the BD-Bard integration, the board and I have been focused on preparing for the next phase of the company’s growth, and we recognize this is the right time to appoint a successor with the vision, drive and capability to lead BD into the future,” Forlenza said. “Tom is a strategic, customer-centric executive, who brings tremendous energy, a deep understanding of the industry and health care technology, and a strong track record of delivering results. He is passionate about our purpose and BD’s potential to make an even bigger impact in the lives of patients around the world. I have greatly valued our partnership, and the board and I firmly believe that Tom is ideally positioned to drive the company’s continued success.”

In his current position, Polen, 46, oversees BD’s three business segments and has responsibility for global research and development, innovation, operations and the commercial organization of the company’s Americas region. As president, Polen led the $24 billion acquisition of C. R. Bard, Inc., in 2017. Polen previously served as president for the BD Medical segment, where he led the $12 billion acquisition of CareFusion in 2015 and the company’s expansion into informatics and digital health solutions. Polen has been with BD for 18 years.

“Today’s announcement represents the culmination of a thorough and thoughtful succession planning process, and we are confident Tom’s appointment comes at the right time in the company’s evolution to ensure continuity of strategy, leadership and financial performance,” said Marshall O. Larsen, BD’s lead independent director. “Over the years, the board and I have come to know Tom as a highly strategic, driven and results-oriented leader, who is deeply committed to advancing BD’s purpose, culture and innovation pipeline. He is uniquely suited to lead the company in this next phase, having played a critical leadership role in the formation and implementation of the company’s strategy and transformation.

“On behalf of the entire board, we also want to thank Vince for his leadership during the most transformative period in the company’s nearly 125-year history. During his eight years as CEO, BD built an incredible portfolio of solutions to advance the entire health care continuum, more than doubled annual revenue, and increased market capitalization by more than 300 percent. We believe BD is well positioned for continued growth and success, and we look forward to continuing to partner with Vince in his role as chairman.”

Forlenza, 66, was appointed CEO of BD in October 2011 and was named chairman of the board in July 2012. During his nearly 40-year career with BD, Forlenza ran both the BD Diagnostics and BD Biosciences business units, led R&D and corporate strategy, and held various executive leader positions in the United States and Europe before becoming president, chief operating officer and CEO. Forlenza served as chairman of the Advanced Medical Technology Association (AdvaMed) Board of Directors from 2015 to 2017 and continues to play an active role as chairman of AdvaMed’s Legal Committee. He currently serves on the Moody’s Corporation board of directors and is chairman of The Valley Health Systems board of trustees.

Significant points in table of contents of Global Retractor Market Report 2020:

1 Retractor Product Definition

2 Global Retractor Market Manufacturer Share and Market Overview

3 Manufacturers Retractor Business Introduction

4 Global Retractor Market Segmentation (Region Level)

5 Global Retractor Market Segmentation (Product Type Level)

6 Global Retractor Market Segmentation (Industry Level)

7 Global Retractor Market Segmentation (Channel Level)

8 Retractor Market Forecasts 2020-2024

9 Retractor Segmentation Product Type

10 Retractor Segmentation Industry

11 Retractor Cost of Production Analysis

12 Conclusions

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Tags retractor , retractor forecast , retractor industry analysis , retractor market , retractor market share , retractor market size , retractor market trends , retractor previous data
Last Updated February 14, 2020