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Sternal retractor is a rib separator. It is a surgical device specifically used and designed for rib and thoracic surgery. It is made of stainless steel. Sternal retractor is a rack and pinion surgical instrument used in the repair of congenital heart disease. Sternal retractor is used for cardiothoracic surgical procedures. It is most effectively used as a sternum separator allowing access to the surgical field and is uniquely designed with a self-retaining rack and pinion action for optimal function. Sternal retractors are used to separate the edges of surgical wounds. These are also used to hold back body organs to avoid distraction during incision. Generally, retractors are handheld and self-retaining tools that do not need to be held after insertion by having two of more blades opposing each other or hooks which are separated by ratchet, spring, worm gear, or other method to pull on contrary sides of incision. Sternal retractors have fenestrated blades and hand-cranked lever to separate the arms.

Retractors have been used as surgical instruments since long. It is also known as Finochietto retractor. Usage of the tool has evolved and many changes taken place in its design and making. The instrument was first invented by a French surgeon Theodore Truffier and later on modified by Enrique Finochietto, a surgeon from Argentina. The sternal retractors system applies constant traction and provides uninterrupted visibility of the operating site up to the edge of the rib cage. Hence, it has significant importance in surgical processes. The use of sternal retractors is universal in open thoracic surgery. Therefore, the global sternal retractors market is expected to witness significant growth in the near future. Technological advancements in instrumentation such as introduction of automated sternal retractors which validate more superior results are likely to propel the market in the next few years.

The global sternal retractors market has been segmented based on device type, end-user, and region. In terms of device type, the market has been segmented into Tuffier sternal retractor, Harken sternal retractor, Burford-Finochietto sternal retractor, Nelson sternal retractor, and others. Sternal retractors are available in different sizes and number of blades. Increasing number of surgeries and usefulness of the instrument to make undistracted incision make it more preferable by surgeons. Low cost of the product is also a major driver of the global sternal retractor market.

Based on end-user, the market has been segmented into hospitals, ambulatory surgical centres, and orthopaedic clinics. Thoracic surgeries are majorly processed in hospitals, hence the hospitals segment accounts for a significant share of the sternal retractor market. The ambulatory surgical centres segment holds the second largest share of the market. High patient preference for hospital due to proper care and treatment under the observation of skilled doctors is likely to boost the hospitals segment.

Geographically, the sternal retractor market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the globally market. This is attributed to high rate of surgeries, well-established health care infrastructure, and increase in demand for surgical instruments. Europe holds the second largest share of the sternal retractor market. Asia Pacific is expected to be the most promising market due to large patient pool and rising number of surgeries.

The global market for the sternal retractor is highly fragmented. Key players operating in the global sternal retractor market are B. Braun Melsungen AG, Cardivon Surgical, Inc., Novo Surgical, Inc., Sklar Instrument, MEDICON eG, and others. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Sternal Retractor Market

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