Asia Pacific 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 Asia Pacific cervical retractors market is expected to reach US$ 86.78 million by 2028 from US$ 47.23 million in 2021; it is estimated to grow at a CAGR of 9.1% 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.
Countries in Asia Pacific are expecting to witness a considerable challenge due to growing COVID-19. Considering the economic operations and geographic condition, the disease outbreak has affected medical tourism, the manufacturer of medical equipment, accessories, and other problems posed by the shortage of healthcare infrastructure in Asia Pacific low-income countries. The medical device manufacturers are operating at a slower pace as compared to the pre-pandemic time. The reduction in supplies is expected to have an impact on the market in the market. Moreover, reduction or delay of the surgical procedures is also likely to have a negative effect on the cervical retractors market in the region.
Key Market Segments
Based on product, the Asia Pacific 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 Asia Pacific 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 Asia Pacific cervical retractors market are the All-India Institute of Medical Sciences (AIIMS), China Food and Drug Administration (CFDA) and Australian Bureau of Statistics (ABS).
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ASIA PACIFIC CERVICAL RETRACTORS MARKET SEGMENTATION
By Product
- Transverse Retractors
- Longitudinal Retractors
By End User
- Hospital
- Clinic
- Others
By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Company Profiles
- Aesculap Implant Systems, LLC
- TeDan Surgical Innovations
- Globus Medical, Inc
- NSI Health Systems
- Thompson Surgical
- Novo Surgical, Inc
- Life Spine
- Rudolf Storz GmbH
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Cervical Retractors Market – By Product
1.3.2 Asia Pacific Cervical Retractors Market – By End User
1.3.3 Asia Pacific 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. Asia Pacific Cervical Retractors Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 Asia Pacific – 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 Market Opportunities
5.3.1 Medical Tourism in Developing Countries
5.4 Future Trends
5.4.1 Preference for Minimally Invasive Surgeries
5.5 Impact Analysis
6. Cervical Retractors Market –Asia Pacific Analysis
6.1 Asia Pacific 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 – Asia Pacific Analysis
9.1 Asia Pacific: Cervical Retractors Market
9.1.1 Asia Pacific: Cervical Retractors Market, by Country, 2020 & 2028 (%)
9.1.2 China: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.2.1 China: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.2.2 China: Cervical Retractors Market, by Product, 2020–2028 (USD Million)
9.1.2.3 China: Cervical Retractors Market, by End User, 2020–2028 (USD Million)
9.1.3 Japan: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.3.1 Japan: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.3.2 Japan: Cervical Retractors Market, by Product, 2020–2028 (USD Million)
9.1.3.3 Japan: Cervical Retractors Market, by End User, 2020–2028 (USD Million)
9.1.4 India: Cervical Retractors Market- Revenue and Forecasts to 2028 (USD Million)
9.1.4.1 India: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.4.2 India: Cervical Retractors Market, by Product, 2020–2028 (USD Million)
9.1.4.3 India: Cervical Retractors Market, by End User, 2020–2028 (USD Million)
9.1.5 South Korea: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.5.1 South Korea: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.5.2 South Korea: Cervical Retractors Market, by Product, 2020–2028 (USD Million)
9.1.5.3 South Korea: Cervical Retractors Market, by End User, 2020–2028 (USD Million)
9.1.6 Australia: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.6.1 Australia: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.6.2 Australia: Cervical Retractors Market, by Product, 2020–2028 (USD Million)
9.1.6.3 Australia: Cervical Retractors Market, by End User, 2020–2028 (USD Million)
9.1.7 Rest of Asia Pacific: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.7.1 Rest of Asia Pacific: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
9.1.7.2 Rest of Asia Pacific: Cervical Retractors Market, by Product, 2020–2028 (USD Million)
9.1.7.3 Rest of Asia Pacific: Cervical Retractors Market, by End User, 2020–2028 (USD Million)
10. Impact of COVID-19 Pandemic on Asia-Pacific Cervical Retractors Market
10.1 Asia Pacific: 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. China Cervical Retractors Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 2. China Cervical Retractors Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 3. Japan Cervical Retractors Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 4. Japan Cervical Retractors Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 5. India Cervical Retractors Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 6. India Cervical Retractors Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 7. South Korea Cervical Retractors Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 8. South Korea Cervical Retractors Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 9. Australia Cervical Retractors Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 10. Australia Cervical Retractors Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 11. Rest of Asia Pacific Cervical Retractors Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 12. Rest of Asia Pacific Cervical Retractors Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 13. Developments Done by Companies
Table 14. 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. Asia Pacific Cervical Retractors Market – Leading Country Markets (US$ Million)
Figure 6. Asia Pacific PEST Analysis
Figure 7. Cervical Retractors Market Impact Analysis of Drivers and Restraints
Figure 8. Asia Pacific 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. Asia Pacific: Cervical Retractors Market, by Key Country – Revenue (2020) (USD Million)
Figure 17. Asia Pacific: Cervical Retractors Market, by Country, 2020 & 2028 (%)
Figure 18. China Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
Figure 19. Japan: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
Figure 20. India: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
Figure 21. South Korea: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
Figure 22. Australia: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
Figure 23. Rest of Asia Pacific: Cervical Retractors Market– Revenue and Forecast to 2028 (USD Million)
Figure 24. Impact of COVID-19 Pandemic in Asia Pacific 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
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