Competitive Landscape
The prominent players in the global microsurgery market include Synovis Micro Companies Alliance, Inc., AROSurgical Instruments, a B. Braun Company, Carl Zeiss Meditec AG, Stryker Corporation, Zimmer Biomet Holdings, Ethicon Inc., Halma Plc, Smith & Nephew, Alcon (Novartis), S&T AG, Aesculap, Inc., Tisurg Medical Instruments Co., Ltd., Microsurgery Instruments, Inc., Peter Lazic GmbH, Microline Surgical, and Medtronic Plc.
Microsurgery Market Overview
Microsurgery is a procedure in which specialized precision tools & techniques are combined to achieve high-quality magnification to operate delicate body parts such as blood vessels, soft tissues, nerves, cornea, retina, veins, and arteries. Microsurgery is typically performed on the areas around ENT, i.e., ear, nose, and throat where the structure is small and delicate.
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Usually, microsurgery is not the first option for the treatment of reconstructive problems, but it can be used to fix complex reconstructive issues in place of other procedures such as primary closure, skin grafting, and in healing wounds caused in an accident (Trauma) and in restoring the function after the surgical procedures conducted in the treatment of chronic diseases.
However, these surgeries are also predominantly used for the treatment of congenital deficiencies and cancer. The Microsurgery Market is growing at a rapid pace mainly due to the increasing prevalence of cancer, ophthalmic diseases, and other chronic diseases. Moreover, the rising uptake of these surgeries in secondary intention or local and regional flap transfer is accelerating the market on the global platform. Acknowledging the exponential growth, the market is witnessing at present, Market Research Future (MRFR) in its recently published analysis asserts that the global microsurgery market will reach the valuation of USD 1900 million by 2030, registering CAGR of 7.10% through the assessment period (2022-2030).
Microsurgery Market Segmentation
The global microsurgery market has been segmented based on procedure, application, equipment, and end user.
By procedure, the global microsurgery market has been segmented into transplantation, replantation, free flap tissue transfer, and vascular anastomoses. The transplantation segment is the leading the market while the replantation segment is projected to be the fastest growing segment at a CAGR of 7.10% over the forecast period.
By application, the global microsurgery market has been segmented into ophthalmology, plastic surgery, gynecological surgery, neurosurgery, oral and maxillofacial surgery, and others. The general surgery segment is anticipated to be the largest segment while the neurosurgery segment is likely to expand at the fastest rate of 7.2% over the forecast period.
By equipment, the global microsurgery market has been segmented into microscopes, microsurgical instruments, suture materials, and others. The microsurgical instruments segment is expected to be the largest segment. The microscope segment is expected to be the fastest growing segment at a CAGR of 7.21% over the forecast period.
By end user, the global microsurgery market has been segmented into hospitals and clinics, ambulatory surgical centers, and research organizations. The ambulatory surgical centers segment is likely to be the fastest growing segment.
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Microsurgery Market Regional Analysis
By region, the global microsurgery market has been segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The Americas is leading the global microsurgery market and is likely to expand at a CAGR of 6.71% over the forecast period. Presence of a robust healthcare sector coupled with the growing prevalence of chronic diseases in the region generates high demand for microsurgical procedures such as cataract and arthritis surgery. In addition, the region is a frontrunner in the adoption of advanced healthcare technologies which further boosts the growth of the market.
Europe microsurgery market is spurred by heightened demand for minimally invasive cosmetic procedures.
APAC market for microsurgery is likely to exhibit the highest CAGR of 6.91% over the forecast period. Increasing geriatric population who are more susceptible to medical disorders induce high demand for microsurgery in the region. Rising government funding along with rapid technological advancement and high healthcare expenditure boosts the growth of the market.
The MEA microsurgery market will be driven by expanding healthcare sector and government funding
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