Microsurgery Market Analysis, Key Growth Drivers, Challenges, Leading Key Players Review, Demand and Upcoming Trend by Forecast to 2023

Microsurgery Market is anticipated to expand at a notable CAGR of 6.70% during the assessment period of 2018-2023 and reach the valuation of USD 2688 Mn by the end of the forecast period from USD 1821.6 Mn in the year 2017.

Pune, India - July 2, 2019 /MarketersMedia/ —

In the Market Research Future (MRFR) report, the microsurgery market has been segmented on the basis of procedure, equipment, application and end-user.

Key Players:

Leading players profiled in the microsurgery market 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.

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Sept 2018- CROWNJUN of late has exhibited their Microsurgery suture from 12th-14th October 2018, at the ICSM, China. The specialty of these microsurgery sutures is that it has been made with superior micromachining technology and is accessible in an array of thread and needle sizes to simplify the surgical procedure.

Market Analysis:

The global microsurgery market is expected to touch USD 2688 million at a prodigious 6.70% CAGR over the predicted years (2018-2023). 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.

Market Segmentation:

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.

Research Methodology :

3.1 Research Methodology - Microsurgery Market 23
3.2 Data Mining 24
3.3 Secondary Research 24
3.3.1 Data Points Received From The Secondary Research 25
3.4 Primary Research 25
3.4.1 Data Points Received From Surgeons & Consulting Physicians 26
3.4.2 Data Points Received From The Manufacturer 26
3.5 FORECASTING TECHNIQUES 27
3.6 Research Methodology For Market Size Estimation 28
3.7 DATA TRIANGULATION 29
3.8 Validation 29

Market Dynamics:

4.1 Introduction 31
4.2 Drivers 31
4.2.1 Growing Demand And Cases Of Microsurgery 31
4.2.2 Increase In The Prevalence Of Certain Conditions Needing Microsurgery 31
4.2.3 Increasing Acceptance Of Minimally Invasive Surgeries And Growing Per Capita Income Would Drive The Growth Of The Market 32
4.3 Restraints 32
4.3.1 Complications And Side-Effects 32
4.3.2 Cost Of Microsurgery 32
4.3.3 Limitation Due To Patients’ Anatomy 32
4.4 Opportunities 33
4.4.1 Technological Advancement With The Assistance Of R&D 33
4.5 Challenges 33
4.5.1 Scarcity Of Trained Professionals 33

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Table of Content:

TABLE 1 TABLE 1 MARKET SYNOPSIS 18
TABLE 2 LIST OF ASSUMPTIONS 21
TABLE 3 GLOBAL MICROSURGERY MARKET, BY PROCEDURE 2015-2023 (USD MILLION) 42
TABLE 4 GLOBAL MICROSURGERY MARKET FOR TRANSPLANTATION BY REGION 2015-2023 (USD MILLION) 43
TABLE 5 GLOBAL MICROSURGERY MARKET FOR REPLANTATION BY REGION 2015-2023 (USD MILLION) 44
TABLE 6 GLOBAL MICROSURGERY MARKET FOR FREE FLAP TISSUE TRANSFER BY REGION 2015-2023 (USD MILLION) 44
TABLE 7 GLOBAL MICROSURGERY MARKET FOR VASCULAR ANASTOMOSES BY REGION 2015-2023 (USD MILLION) 44
TABLE 8 GLOBAL MICROSURGERY MARKET, BY APPLICATION 2015-2023 (USD MILLION) 46
TABLE 9 GLOBAL MICROSURGERY MARKET FOR GENERAL SURGERY BY REGION 2015-2023 (USD MILLION) 47
TABLE 10 GLOBAL MICROSURGERY MARKET FOR NEUROSURGERY BY REGION 2015-2023 (USD MILLION) 48
TABLE 11 GLOBAL MICROSURGERY MARKET FOR OPHTHALMOLOGY BY REGION 2015-2023 (USD MILLION) 48
TABLE 12 GLOBAL MICROSURGERY MARKET FOR RECONSTRUCTIVE & PLASTIC SURGERY BY REGION 2015-2023 (USD MILLION) 48

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