Market Analysis
The global microsurgery
market share 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
report. 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.
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 trends 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.
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.
Regional Analysis
Based on region, the microsurgery
market overview
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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