Microsurgery Market By Application (Ophthalmology, Neurosurgery, Orthopedic surgery, Reconstructive surgery, Gynecological surgery, Cardiovascular surgery, Plastic surgery, ENT surgery and Others) By Product Type (Microsurgical instruments, Microsurgical sutures, Microsurgical needles, Microsurgical knives, Microsurgical scissors, Microsurgical forceps and Others) By End User (Hospitals, Ambulatory surgical centers, Clinics, Research institutes and Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 267
- CATEGORY
- Healthcare & Life Sciences
In 2021, the market for Microsurgery worldwide was worth $1.9 billion US dollars. AMR Group projects that the market will reach US$ 2.8 billion by 2031, growing at a CAGR of 8.9 percent between 2022 and 2031.
Industry Overview
Microsurgery involves operating at a microscopic level using specialized instruments and techniques. It is used in various medical specialties, including ophthalmology, neurology, plastic surgery, and orthopedics. The growing prevalence of chronic diseases such as cancer and cardiovascular disorders, increasing demand for minimally invasive surgeries, and advancements in technology are some of the factors driving the growth of the microsurgery market.
Market Dynamics
The Microsurgery market is expected to expand due to the growing number of chronic diseases such as cancer, cardiovascular disorders, and neurological disorders that require surgical intervention is a significant driver for the microsurgery market. Development of innovative technologies such as robotic-assisted surgery, 3D printing, and image-guided surgery has improved the accuracy and precision of surgical procedures and boosted the demand for microsurgery. The demand for minimally invasive surgical procedures has increased due to shorter recovery times, reduced scarring, and lower healthcare costs, driving the growth of the microsurgery market.
In recent years, the rising number of medical facilities and increasing healthcare expenditure in emerging markets provide significant opportunities for the microsurgery market to grow. In addition to the expansion of product portfolios by key players in the market, through partnerships, collaborations, and mergers and acquisitions, is expected to drive market growth in the coming years. The increase in funding for research and development of innovative microsurgical products and technologies is expected to provide significant opportunities for market growth. The cost of microsurgical procedures is relatively high due to the use of advanced technology and specialized equipment, which may restrict their adoption in certain regions. Microsurgical procedures require specialized training and expertise, and a shortage of skilled professionals may limit their availability and adoption.
COVID Impact
The COVID-19 pandemic has had a mixed impact on the microsurgery market. While the initial outbreak led to disruptions in the supply chain and elective surgeries being postponed or canceled, the market has since rebounded due to the increasing demand for essential surgical procedures and the adoption of new technologies to reduce the risk of infection. In the initial phase of the pandemic, many elective surgeries, including microsurgeries, were postponed or canceled to free up healthcare resources for COVID-19 patients. This led to a temporary decline in demand for microsurgical products and services. The COVID-19 pandemic has led to the adoption of new technologies to reduce the risk of infection during surgeries. For example, the use of 3D-printed models and augmented reality (AR) technology can enable surgeons to perform surgeries with greater accuracy, while reducing the need for physical contact with patients and reducing the risk of exposure to the virus. As a result, the COVID-19 pandemic has had a mixed impact on the microsurgery market, with initial disruptions giving way to increased demand for essential surgeries and the adoption of new technologies to reduce infection risks.
Regional Trend
The global market for microsurgery is divided geographically into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Globally, North America is the largest market for microsurgery due to the presence of a well-established healthcare infrastructure and increasing demand for minimally invasive surgeries. The high prevalence of chronic diseases and disorders in the region, such as cardiovascular diseases, cancer, and neurological disorders, is driving the demand for microsurgery procedures.
The Asia Pacific is expected to be the fastest-growing market for microsurgery due to the growing healthcare infrastructure, increasing healthcare expenditure, and rising prevalence of chronic diseases. The region has a large and aging population, which is driving the demand for microsurgery procedures.
Competitive Landscape
The competitive landscape for microsurgery is highly fragmented, with a large number of players operating in the market. Some of the market players includes, B. Braun Melsungen AG, Carl Zeiss Meditec AG, Danaher Corporation, Integra LifeSciences Holdings Corporation, Johnson & Johnson Services, Inc., Medtronic plc, Microline Surgical, Inc., Olympus Corporation, Stryker Corporation, and Synovis Micro Companies Alliance, Inc. These players are focusing on strategic initiatives such as mergers and acquisitions, partnerships, and collaborations to strengthen their market position and expand their product portfolios. For instance, in March 2020, Stryker Corporation acquired Wright Medical Group, a global orthopedic medical device company, to expand its product portfolio in the orthopedic market. Similarly, in October 2019, Carl Zeiss Meditec AG acquired IanTECH Inc., a US-based company that develops surgical guidance systems, to expand its product portfolio in the microsurgery market.
Moreover, players are also investing in research and development activities to develop advanced microsurgery products and gain a competitive edge in the market. For instance, in July 2020, B. Braun Melsungen AG launched its latest microsurgery instrument, FineVision, for cataract surgery, which is designed to offer surgeons a better view during surgical procedures.
Key USP’s-
For microsurgery is its ability to perform minimally invasive surgical procedures with greater precision and accuracy, resulting in improved patient outcomes and faster recovery times. Microsurgery utilizes high-powered microscopes and specialized surgical instruments that allow surgeons to perform complex procedures with smaller incisions and greater precision. The microsurgery lies in its ability to address a wide range of medical conditions, including cardiovascular diseases, cancer, neurological disorders, and more, with minimally invasive procedures that are less painful and require shorter hospital stays. Additionally, microsurgery procedures are associated with lower complication rates, reduced risk of infection, and minimal scarring, which further contributes to the improved patient outcomes.
Moreover, the increasing adoption of robotic-assisted microsurgery, which combines the precision of robotic technology with the skill of the surgeon, is further enhancing the capabilities of microsurgery and expanding its applications. This is providing a unique selling proposition for microsurgery, as it allows for even greater precision and accuracy in surgical procedures, while also reducing the risk of human error.
Market Segmentation
The microsurgery market can be segmented based on various factors such as application, product type, end-user, and region. Here are some of the common segmentation categories for the microsurgery market:
Application:
· Ophthalmology
· Neurosurgery
· Orthopedic surgery
· Reconstructive surgery
· Gynecological surgery
· Cardiovascular surgery
· Plastic surgery
· ENT surgery
· Others
Product type:
· Microsurgical instruments
· Microsurgical sutures
· Microsurgical needles
· Microsurgical knives
· Microsurgical scissors
· Microsurgical forceps
· Others
End-user:
· Hospitals
· Ambulatory surgical centers
· Clinics
· Research institutes
· Others
Region:
· North America
· Europe
· Asia-Pacific
· Latin America
· Middle East and Africa
Each of these segments may have unique growth drivers, challenges, and opportunities, and companies operating in the microsurgery market can use segmentation to better understand and serve their target customers. For instance, understanding the end-users' needs and preferences in different regions can help companies tailor their marketing strategies and product offerings to maximize market potential.
Global Microsurgery Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
• What is the market size and growth projections?
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• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
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• What are the market share (%) of Key Players?
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• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Microsurgery Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Microsurgery
1.3 Microsurgery Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Microsurgery
1.4.2 Applications of Microsurgery
1.5 Market Exchange Rate
2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source
3 Market Competition Analysis
3.1 Scanlan International Market Performance Analysis
3.1.1 Scanlan International Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Scanlan International Sales, Value, Price, Gross Margin 2016-2021
3.2 Microsurgery Instruments Inc. Market Performance Analysis
3.2.1 Microsurgery Instruments Inc. Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Microsurgery Instruments Inc. Sales, Value, Price, Gross Margin 2016-2021
3.3 Boss Instruments Ltd. Market Performance Analysis
3.3.1 Boss Instruments Ltd. Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Boss Instruments Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.4 Synovis Micro Companies Alliance Inc. Market Performance Analysis
3.4.1 Synovis Micro Companies Alliance Inc. Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Synovis Micro Companies Alliance Inc. Sales, Value, Price, Gross Margin 2016-2021
3.5 Hu-Friedy MFG. Co. LLC Market Performance Analysis
3.5.1 Hu-Friedy MFG. Co. LLC Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Hu-Friedy MFG. Co. LLC Sales, Value, Price, Gross Margin 2016-2021
3.6 Tisurg Medical Instruments Co. Market Performance Analysis
3.6.1 Tisurg Medical Instruments Co. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Tisurg Medical Instruments Co. Sales, Value, Price, Gross Margin 2016-2021
3.7 Carl Zeiss Meditec AG Market Performance Analysis
3.7.1 Carl Zeiss Meditec AG Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Carl Zeiss Meditec AG Sales, Value, Price, Gross Margin 2016-2021
3.8 Peter Lazic GmbH Market Performance Analysis
3.8.1 Peter Lazic GmbH Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Peter Lazic GmbH Sales, Value, Price, Gross Margin 2016-2021
3.9 KLS Martin Group Market Performance Analysis
3.9.1 KLS Martin Group Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 KLS Martin Group Sales, Value, Price, Gross Margin 2016-2021
3.10 Beaver-Visitec International Market Performance Analysis
3.10.1 Beaver-Visitec International Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Beaver-Visitec International Sales, Value, Price, Gross Margin 2016-2021
3.11 Accurate Surgical & Scientific Instruments Corporation Market Performance Analysis
3.11.1 Accurate Surgical & Scientific Instruments Corporation Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Accurate Surgical & Scientific Instruments Corporation Sales, Value, Price, Gross Margin 2016-2021
3.12 MicroSurgical Technology Market Performance Analysis
3.12.1 MicroSurgical Technology Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 MicroSurgical Technology Sales, Value, Price, Gross Margin 2016-2021
3.13 Adarsh Surgical Works Market Performance Analysis
3.13.1 Adarsh Surgical Works Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Adarsh Surgical Works Sales, Value, Price, Gross Margin 2016-2021
4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Microsurgery Production and Value by Type
4.1.1 Global Microsurgery Production by Type 2016-2021
4.1.2 Global Microsurgery Market Value by Type 2016-2021
4.2 Global Microsurgery Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Free Tissue Transfer Market Production, Value and Growth Rate
4.2.2 Replantation Market Production, Value and Growth Rate
4.2.3 Transplantation Market Production, Value and Growth Rate
4.2.4 Treatment Of Infertility Market Production, Value and Growth Rate
4.3 Global Microsurgery Production and Value Forecast by Type
4.3.1 Global Microsurgery Production Forecast by Type 2022-2030
4.3.2 Global Microsurgery Market Value Forecast by Type 2022-2030
4.4 Global Microsurgery Market Production, Value and Growth Rate by Type Forecast 2022-2030
4.4.1 Free Tissue Transfer Market Production, Value and Growth Rate Forecast
4.4.2 Replantation Market Production, Value and Growth Rate Forecast
4.4.3 Transplantation Market Production, Value and Growth Rate Forecast
4.4.4 Treatment Of Infertility Market Production, Value and Growth Rate Forecast
5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Microsurgery Consumption and Value by Application
5.1.1 Global Microsurgery Consumption by Application 2016-2021
5.1.2 Global Microsurgery Market Value by Application 2016-2021
5.2 Global Microsurgery Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Ophthalmology Market Consumption, Value and Growth Rate
5.2.2 Plastic Surgery Market Consumption, Value and Growth Rate
5.2.3 Gynecological Surgery Market Consumption, Value and Growth Rate
5.2.4 Orthopedic Surgery Market Consumption, Value and Growth Rate
5.2.5 Oncology Market Consumption, Value and Growth Rate
5.2.6 Neurosurgery Market Consumption, Value and Growth Rate
5.2.7 Oral & Maxillofacial Surgery Market Consumption, Value and Growth Rate
5.3 Global Microsurgery Consumption and Value Forecast by Application
5.3.1 Global Microsurgery Consumption Forecast by Application 2022-2030
5.3.2 Global Microsurgery Market Value Forecast by Application 2022-2030
5.4 Global Microsurgery Market Consumption, Value and Growth Rate by Application Forecast 2022-2030
5.4.1 Ophthalmology Market Consumption, Value and Growth Rate Forecast
5.4.2 Plastic Surgery Market Consumption, Value and Growth Rate Forecast
5.4.3 Gynecological Surgery Market Consumption, Value and Growth Rate Forecast
5.4.4 Orthopedic Surgery Market Consumption, Value and Growth Rate Forecast
5.4.5 Oncology Market Consumption, Value and Growth Rate Forecast
5.4.6 Neurosurgery Market Consumption, Value and Growth Rate Forecast
5.4.7 Oral & Maxillofacial Surgery Market Consumption, Value and Growth Rate Forecast
6 Global Microsurgery by Region, Historical Data and Market Forecasts
6.1 Global Microsurgery Sales by Region 2016-2021
6.2 Global Microsurgery Market Value by Region 2016-2021
6.3 Global Microsurgery Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Microsurgery Sales Forecast by Region 2022-2030
6.5 Global Microsurgery Market Value Forecast by Region 2022-2030
6.6 Global Microsurgery Market Sales, Value and Growth Rate Forecast by Region 2022-2030
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa
7 United State Market Size Analysis 2016-2030
7.1 United State Microsurgery Value and Market Growth 2016-2021
7.2 United State Microsurgery Sales and Market Growth 2016-2021
7.3 United State Microsurgery Market Value Forecast 2022-2030
8 Canada Market Size Analysis 2016-2030
8.1 Canada Microsurgery Value and Market Growth 2016-2021
8.2 Canada Microsurgery Sales and Market Growth 2016-2021
8.3 Canada Microsurgery Market Value Forecast 2022-2030
9 Germany Market Size Analysis 2016-2030
9.1 Germany Microsurgery Value and Market Growth 2016-2021
9.2 Germany Microsurgery Sales and Market Growth 2016-2021
9.3 Germany Microsurgery Market Value Forecast 2022-2030
10 UK Market Size Analysis 2016-2030
10.1 UK Microsurgery Value and Market Growth 2016-2021
10.2 UK Microsurgery Sales and Market Growth 2016-2021
10.3 UK Microsurgery Market Value Forecast 2022-2030
11 France Market Size Analysis 2016-2030
11.1 France Microsurgery Value and Market Growth 2016-2021
11.2 France Microsurgery Sales and Market Growth 2016-2021
11.3 France Microsurgery Market Value Forecast 2022-2030
12 Italy Market Size Analysis 2016-2030
12.1 Italy Microsurgery Value and Market Growth 2016-2021
12.2 Italy Microsurgery Sales and Market Growth 2016-2021
12.3 Italy Microsurgery Market Value Forecast 2022-2030
13 Spain Market Size Analysis 2016-2030
13.1 Spain Microsurgery Value and Market Growth 2016-2021
13.2 Spain Microsurgery Sales and Market Growth 2016-2021
13.3 Spain Microsurgery Market Value Forecast 2022-2030
14 Russia Market Size Analysis 2016-2030
14.1 Russia Microsurgery Value and Market Growth 2016-2021
14.2 Russia Microsurgery Sales and Market Growth 2016-2021
14.3 Russia Microsurgery Market Value Forecast 2022-2030
15 China Market Size Analysis 2016-2030
15.1 China Microsurgery Value and Market Growth 2016-2021
15.2 China Microsurgery Sales and Market Growth 2016-2021
15.3 China Microsurgery Market Value Forecast 2022-2030
16 Japan Market Size Analysis 2016-2030
16.1 Japan Microsurgery Value and Market Growth 2016-2021
16.2 Japan Microsurgery Sales and Market Growth 2016-2021
16.3 Japan Microsurgery Market Value Forecast 2022-2030
17 South Korea Market Size Analysis 2016-2030
17.1 South Korea Microsurgery Value and Market Growth 2016-2021
17.2 South Korea Microsurgery Sales and Market Growth 2016-2021
17.3 South Korea Microsurgery Market Value Forecast 2022-2030
18 Australia Market Size Analysis 2016-2030
18.1 Australia Microsurgery Value and Market Growth 2016-2021
18.2 Australia Microsurgery Sales and Market Growth 2016-2021
18.3 Australia Microsurgery Market Value Forecast 2022-2030
19 Thailand Market Size Analysis 2016-2030
19.1 Thailand Microsurgery Value and Market Growth 2016-2021
19.2 Thailand Microsurgery Sales and Market Growth 2016-2021
19.3 Thailand Microsurgery Market Value Forecast 2022-2030
20 Brazil Market Size Analysis 2016-2030
20.1 Brazil Microsurgery Value and Market Growth 2016-2021
20.2 Brazil Microsurgery Sales and Market Growth 2016-2021
20.3 Brazil Microsurgery Market Value Forecast 2022-2030
21 Argentina Market Size Analysis 2016-2030
21.1 Argentina Microsurgery Value and Market Growth 2016-2021
21.2 Argentina Microsurgery Sales and Market Growth 2016-2021
21.3 Argentina Microsurgery Market Value Forecast 2022-2030
22 Chile Market Size Analysis 2016-2030
22.1 Chile Microsurgery Value and Market Growth 2016-2021
22.2 Chile Microsurgery Sales and Market Growth 2016-2021
22.3 Chile Microsurgery Market Value Forecast 2022-2030
23 South Africa Market Size Analysis 2016-2030
23.1 South Africa Microsurgery Value and Market Growth 2016-2021
23.2 South Africa Microsurgery Sales and Market Growth 2016-2021
23.3 South Africa Microsurgery Market Value Forecast 2022-2030
24 Egypt Market Size Analysis 2016-2030
24.1 Egypt Microsurgery Value and Market Growth 2016-2021
24.2 Egypt Microsurgery Sales and Market Growth 2016-2021
24.3 Egypt Microsurgery Market Value Forecast 2022-2030
25 UAE Market Size Analysis 2016-2030
25.1 UAE Microsurgery Value and Market Growth 2016-2021
25.2 UAE Microsurgery Sales and Market Growth 2016-2021
25.3 UAE Microsurgery Market Value Forecast 2022-2030
26 Saudi Arabia Market Size Analysis 2016-2030
26.1 Saudi Arabia Microsurgery Value and Market Growth 2016-2021
26.2 Saudi Arabia Microsurgery Sales and Market Growth 2016-2021
26.3 Saudi Arabia Microsurgery Market Value Forecast 2022-2030
27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market
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Solution
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