Global illuminated retractors was valued at USD 19.11 million in 2015 and is expected to reach USD 29.38 million by 2024, growing at an estimated CAGR of 5.0% over the forecast period. Growing demand for minimally invasive coupled with minimal access open surgeries has resulted the growth for the illuminated retractors in recent past and is expected to continue the same trend over the next seven years.
An advanced surgical option for breast cancer treatment is named as Nipple Sparing Mastectomy (NSP). It became a popular treatment choice among both patients and surgeons owing to its increased usage and due to its aesthetic outcome after the surgery is done. Sometimes NSP can be challenging for the surgeons. The invention of intra cavity illumination and visualization technology reduced surgical challenges and potential complications of NSM.
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Eikon Illuminated Retractor with integrated Intelligent Photonics overcomes the primary challenge of visualization when performing NSM. It mainly improved the surgical efficiency and surgical time among the surgeons. The American College of surgeons (ACS) Clinical Congress that Eikon LT system expands the existing Eikon platform and provides surgical precision, safety and efficiency. The Eikon Retractor coupled with Eigr Waveguide provides illumination and visualization deep inside the surgical cavity.
Visualization, hemostasis and retraction during a surgical procedure is critical in reduction of infections and complications. Owing to its costly nature and complicated reprocessing requirement, fragile fiber-optic cables should not be used in this field. ONETRAC developed by OBP Medical gives access and illumination of the entire pocket easily, thus ensuring the safety. The ONETRAC gives immediate and cost-effective solution for surgical procedures requiring access, illumination and exposure of a surgical tissue pocket or cavity. Illumination in the depth of the surgical tissue pocket can be done easily without the help of additional parts, product assembly and fiber-optic cables.
In some cases it has been reported that there has been fires in hospitals ignited by fiber optic illumination systems during arthroscopic surgery. In one case, the fiber optic cable was disconnected from the arthroscope and placed on the surgical drapes with the xenon light source activated. The high-intensity output from the cable ignited the cloth drapes casing considerable fire with significant amount of smoke. Such cases are expected to affect the overall market critically over the forecast period. OBP Medical’s introduction of ONETRAC addresses these complications easily and are best suited for breast and reconstructive procedures as well as surgical procedures that require illumination, access and retraction of soft tissue. It also has a smoke evacuation channel it.
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Spine surgery is expected to witness the highest CAGR of 5.8% over the forecast period. Increasing obese population coupled with increasing adoption of minimally invasive devices is expected to aid the market for spine surgeries which in turn would positively affect the illuminated retractors market from 2017 to 2024. North America illuminated retractors market is expected to reach 10.16 million by 2024 as traditional lighting sources are inadequate when surgeons operate through small incisions used in the anterior approach to cervical discectomy, corpectomy and fusion. Such a factor is anticipated to assist the overall industry in future years.
The overall industry is niche in nature. The manufacturers are trying to introduce new product portfolio related to illuminated retractors that would provide a cost-effective solution to the surgeons and also improve their surgical efficiency. Market participants include OBP Medical, Invuity, Inc., Medline Industries, Inc. and Stryker Surgical.
Application Outlook (Revenue, USD Million; 2014 – 2024)
• Breast Oncology and Reconstruction
• Thyroid Oncology
• General Surgery
• Spine Surgery
• Orthopaedic surgery
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Regional Outlook (Revenue, USD Million; 2014 – 2024)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa