According to the latest study by Future Market Insights, the global postoperative panniculus retractor market is poised for robust growth, projected to register a compound annual growth rate (CAGR) of 6.8% over the next decade. This growth will see the market’s valuation increase from US$ 102.3 million in 2023 to an estimated US$ 197.0 million by 2033.
In 2023 alone, the market is expected to witness a year-over-year growth of 6.4% from its 2022 end-of-year valuation of $96.2 million, highlighting the strong and steady demand for these essential medical devices.
The surge in the market can be primarily attributed to the increasing prevalence of endoscopic procedures worldwide. As these procedures become more common, there is a corresponding rise in the need for specialized equipment like postoperative panniculus retractors that enhance surgical visualization and access. These devices are critical in managing the abdominal panniculus in obese patients during surgeries, thereby improving the efficiency and safety of operations.
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Postoperative panniculus retractor are critical in generating a regulated space between tissue layers, allowing for better visibility and manoeuvrability during treatments such as polyp removal, lesion excision, and tumour ablation. With more medical professionals relying on minimally invasive procedures for diagnosis and treatment, the adaptability of postoperative panniculus retractors in diverse endoscopic interventions makes them useful tools.
This trend is driving market expansion, as the use of postoperative panniculus retractors corresponds with the changing landscape of medical operations, resulting in better patient outcomes and procedural efficacy.
Key Takeaways from Market Study:
- By product, adjustable panniculus retractors segment contributed around US$ 63.3 million in 2022 due to its versatility in accommodating varying patient anatomies.
- By application, bariatric surgery contributed around US$ 50.3 million in 2022, owed to the increasing prevalence of obesity-related procedures and demand for panniculus retractors for bariatric procedures.
- By end user, hospitals contributed around US$ 44.1 million in 2022. Due to the demand for surgical procedures and the use of sophisticated medical facilities, hospitals dominate the market for postoperative panniculus retractor.
- By region, North America held the dominant share in the world in 2022 contributing around US$ 50.3 million. The North America region dominates the postoperative panniculus retractor market due to advanced healthcare infrastructure and high adoption rates.
“Increasing incidence of colorectal cancer and colon cancer to enhance the worldwide postoperative panniculus retractor market” says an analyst of Future Market Insights.
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Market Competition:
Waston Medical and Sirio Pharma Co Ltd are two of the key players leading in the postoperative panniculus retractor market. In order to gain a larger market share, these companies participate in conferences, and award competitions, and launch new products that provide affordability, convenience, and effectiveness.
- In December 2021, Waston Medical and Trendlines Join Forces to Develop Chinese/Israeli Medical Devices
Key Companies Profiled:
- Laborie.
- TZ Medical, Inc.
- GSquared Medical
Key Market Segments Covered in Postoperative Panniculus Retractor Industry Research:
By Product:
- Adjustable Panniculus Retractors
- Fixed Panniculus Retractors
By Application:
- Bariatric Surgeries
- Plastic and Reconstructive Surgeries
- Excess Skin Removal
- Minimizing Surgical Trauma
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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