Market Analysis
The global microsurgery market size is expected to touch USD 1.9 billion
by 2030 at a prodigious 7.10% CAGR over the predicted years 2022-2030. Microsurgery
is an immensely developing discipline of surgery which deals with surgeries
associated to small structures namely nerves and blood vessels. Regardless of
its comparatively recent advent, microsurgery has created a niche in different
domains of surgery within a brief time period. Be it in the domain of
reconstructive surgery, plastic surgery, ophthalmic surgery, orthopedic
surgery, pediatric surgery, neurosurgery or vascular surgery, microsurgery is
gaining immense recognition everywhere. The principles of this surgery rests on
three key components- instruments, illumination and magnification. All these
components should have a proper coordination for optimal results.
There are many factors
that is fueling the growth of the microsurgery
market. The different market trends and factors in this market
according to an analysis performed by Market Research Future (MRFR) include
rising geriatric population, advancements in technology, rising existence of
chronic diseases such as periodontal diseases, dental caries, cancer,
arthritis, cataract and others, growing demand for improved treatment of
diseases, increasing popularity of cosmetic and aesthetic surgeries and growing
demand for surgeries that are minimally invasive. On the contrary factors such
as lack of trained experts, complexities resulting from a person’s anatomical
condition and soaring cost of surgeries are anticipated to hinder the growth of
the microsurgery market.
Key Players
Global microsurgery market players leading industry are include Halma
Plc, AROSurgical Instruments, Microline Surgical, Tisurg Medical Instruments
Co., Ltd., Peter Lazic GmbH, Microsurgery Instruments, Inc., Carl Zeiss Meditec
AG, Medtronic Plc, Zimmer Biomet Holdings, Alcon (Novartis), Smith &
Nephew, Stryker Corporation, Ethicon Inc., Synovis Micro Companies Alliance,
Inc., a B. Braun Company, and S&T AG, Aesculap, Inc.
Market
Segmentation
In the Market Research Future (MRFR)
report, the microsurgery
market has been
segmented on the basis of procedure, equipment, application and end-user.
Based on procedure, it
is segmented into vascular anastomoses, free flap tissue transfer, replantation
and transplantation. Of these, the transplantation segment has the maximum
market share followed by the replantation segment that is experiencing the
fastest growth.
Based on application,
the microsurgery market is segmented into maxillofacial surgery, oral surgery,
neurosurgery, gynecological surgery, plastic surgery, ophthalmology, general
surgery and others. Of these, general surgery is expected to have the maximum
share in the microsurgery market followed by neurosurgery that is expected to
have the fastest growth during the predicted years.
Based on equipment, it
is segmented into suture materials, microsurgical instruments, microscopes and
others. Of these, the microsurgical instruments will lead the market followed
by microscopes that is anticipated to have the fastest growth.
Based on end-user, the
microsurgery market is segmented into research organizations, ambulatory
surgical centers, hospitals and clinics. Of these, the ambulatory surgical
segment is likely to have the fastest growth during the predicted years.
Regional Analysis
Based on region, the microsurgery market
covers growth opportunities and latest trends across North America, Europe,
Asia Pacific and the Middle East and Africa. Of these, North America will be
the driving force in the microsurgery market over the predicted years. The
factors that can be attributed to the growth of the market in this region
include growing prevalence of cancer, arthritis, cataracts and periodontal
diseases, presence of healthcare infrastructure that is well-developed and
rapid technological advancement. In Asia Pacific region the microsurgery market
is anticipated to grow at the fastest pace at a striking 6.91% CAGR over the
predicted years. The different factors that are contributing towards the
fastest growth of this market in this region include need for surgical
treatment procedures that are minimally invasive, high healthcare expenditure
and increasing geriatric population.
Related
topics-
Stereotactic
Surgery Devices Market
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