Microsurgery Market Information: By Applications (General Surgery, Ophthalmology, Plastic Surgery, Gynecological Surgery, Orthopedic Surgery, Oncology, Neurosurgery, Oral Surgery), By Procedures (Free Tissue Transfer, Replantation, Transplantation, Treatment Of Infertility), By End Users (Hospitals & Clinics, Research Organizations) – Global Forecast Till 2023
Market Highlights
The global microsurgery market is expecting a sound growth during the forecasted period. Increasing prevalence of chronic diseases, elevating geriatric population and technological advancement in surgery have driven the market growth. Moreover, increasing healthcare expenditure, and rising demand for the better treatment have fueled the growth of the market. On the other hand, high cost of treatment and poor reimbursement policies in developed countries may restrain the growth of this market.
The global microsurgery market is expected to grow at a CAGR of 10.2% during the forecasted period.
Taste the market data and market information presented through more than 110 market data tables and figures spread over 180 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Microsurgery market research report–Global forecast till 2023.”
Regional Analysis
Geographically, the global microsurgery market is segmented into four major regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas dominate the global microsurgery market owing to the presence of huge cancer population and high healthcare spending. America is further segmented into North America and South America. North America holds the largest market owing to extensive use of advanced technology and developed healthcare sector. Europe commands the second largest market due to increasing funds and government support. Asia Pacific is the fastest growing market for the microsurgery, whose growth is attributed to rising geriatric population, rapidly developing economies and huge patient pool.
However, the Middle East & Africa is expected witness limited growth due to limited access to the healthcare resources and lack of advanced technology.
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Segmentation
The global microsurgery market is segmented on the basis of application, procedures, and end users. On the basis of applications the market is categorized into: general surgery, ophthalmology, plastic surgery, gynecological surgery, orthopedic surgery, oncology, neurosurgery, oral & maxillofacial surgery, podiatric surgery, and pediatric surgery.
On the basis of procedures the market is segmented into free tissue transfer, replantation, transplantation, and treatment of infertility. Replantation is further segmented into fingers & thumbs, ear, scalp, nose, and others. Treatment of infertility is further segmented into tubal obstructions, vas deferens obstructions and varicocele.
On the basis of end users the market is segmented into hospitals & clinics, research organizations and others.
Key Players
Some of the key players in microsurgery market are AROSurgical Instruments (US), tisurg medical instruments Co., Ltd (China), Carl Zeiss Meditec AG (Germany), MicroSurgical Technology (US), SYNOVIS MICRO COMPANIES ALLIANCE, INC. (US), Peter LAZIC GmbH (Germany), BIONIKO (US), MICROSURGERY INSTRUMENTS, INC. (US).
The global microsurgery market is competitive in nature. The companies are focusing on the new product developments which will be cost effective. Some major has adopted strategies of acquisitions and strategic alliances for the growth of the market.
Carl Zeiss Meditec AG, multination medical technology, headquartered in Germany. The company manufactures tools for eye examinations and medical lasers as well as solutions for neurosurgery, dentistry, gynecology and oncology. Some of the major devices of the company are:
- OPMI Pentero series- Surgical microscopes for neurosurgery and spinal surgery
- OPMI VARIO series- Surgical microscopes for plastic and reconstructive surgery and ENT surgery
- OPMI® Pico- A dental microscope
- INTRABEAM- An intraoperative radiotherapy
Intended Audience:
- Medical device manufacturers and suppliers
- Microscope manufacturers and suppliers
- Medical research laboratories
- Research and Development (R&D) Companies
- Market Research and Consulting Service Providers
- Potential Investors
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Market Scenario
Microsurgery is a procedure that combines magnification and specialized precision tools & techniques during the surgery. These techniques are majorly used for the treatment of cancer & congenital deficiencies. It helps to heal wounds and restore function after trauma & cancer. The first microsurgery was performed in 1960 by Jules Jacobson.
The major driving factor for the market is increasing prevalence of the cancer, ophthalmic diseases and other chronic diseases. According to Cancer Research UK, in 2012, 14.1 million people across the globe were suffering from cancer. Increasing number of organ transplantation, advances in the surgical procedures and adoption of microscope in surgeries have also driven the market growth. Moreover, high healthcare expenditure, increasing geriatric population, and growing need for the better treatment of the diseases have fueled the market growth. However, high cost of the treatment and poor reimbursement policies for the medical devices may slower the market growth.
The global microsurgery market is expected to grow at a CAGR of 10.2% during the forecast period of 2017-2023.
Segments
The global microsurgery market is segmented on the basis of application, procedures, and end users. On the basis of applications the market is categorized into: general surgery, ophthalmology, plastic surgery, gynecological surgery, orthopedic surgery, oncology, neurosurgery, oral & maxillofacial surgery, podiatric surgery, and pediatric surgery.
On the basis of procedures the market is segmented into free tissue transfer, replantation, transplantation, and treatment of infertility. Replantation is further segmented into fingers & thumbs, ear, scalp, nose, and others. Treatment of infertility is further segmented into tubal obstructions, vas deferens obstructions and varicocele.
On the basis of end users the market is segmented into hospitals & clinics, research organizations and others.
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Brief TOC
1 Report Prologue
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
5. Market Factor Analysis
5.1 Porters five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain
5.3 Investment Feasibility Analysis
5.4 Price Factor Analysis
6 Global Microsurgery Market, by Applications
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