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Asia-Pacific Surgical Retractors Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific surgical retractors market is set to surge with a 7.24% CAGR during the forecast years from 2022 to 2030. The market growth is propelled by advanced healthcare infrastructures and the quick adoption of technologically advanced surgical instruments. Also, major investments by market players are anticipated to support the demand for surgical retractors.

MARKET INSIGHTS

The Asia-Pacific surgical retractors market growth evaluation entails the analysis of China, Australia & New Zealand, India, South Korea, Japan, Singapore, and Rest of Asia-Pacific. In India, as per a 2021 report by World Bank, 6.8% of the total population comes under the age of 65 years and above. Moreover, heart and lung diseases are some of the major causes of death in the country, even reaching and affecting millions. With multiple issues adding up, the country expects high demand for surgical procedures that can cure many treatable conditions. The high chronic disease burden and increasing demand for surgical procedures are expected to grow market demand in India.

On the other hand, economic development and universal health coverage through national health insurance have assisted South Korea in attaining rapid improvement in healthcare. The World Health Organization reports that the country faces problems of rapid aging along with low fertility, which is expected to make it the second most aged country by 2050. Rising medical tourism, favorable reimbursement & insurance scenario, and the growing geriatric population are expected to attribute to the region's surgical retractors market growth.

COMPETITIVE INSIGHTS

Some key market players include Integra Stryker Corporation, Lifesciences Holdings Corporation, Terumo Corporation, etc.

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Asia-Pacific Surgical Retractors Market Forecast 2022-2030
Published By :Inkwood Research
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