Microsurgery Market Outlook, to Expand at a Healthy Growth Rate During the Forecast Period (2022-30)
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.
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 was valued at
USD 1.1 billion in 2021 and is projected to grow from USD 1.2 billion in 2022
to USD 1.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of
7.10% during the forecast period (2022 - 2030)
Market Segmentation
The global
microsurgery market has been segmented
based on procedure, application, equipment, and end user.
By procedure, the
global microsurgery
market Insights 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 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
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
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.
Regional
Analysis
By region, the
global microsurgery
market Outlook 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 m 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 market
will be driven by expanding healthcare sector and government funding.
Competitive
Landscape
global microsurgery
market Players 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.
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