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
insights 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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