The global microsurgery market size is expected to reach USD 3.38 Billion in 2030 and register a revenue CAGR of 6.9% over the forecast period, according to the latest report by Reports and Data.
The global microsurgery market size is expected to reach USD 3.38 Billion in 2030 and register a revenue CAGR of 6.9% over the forecast period, according to the latest report by Reports and Data. Among some of the major factors driving market revenue growth include major prevalence of breast cancer and skin cancer, increasing global geriatric population, and higher preference for minimally invasive surgical procedures. Microsurgery is a type of surgical technique that allows an operation or surgery to be performed in a minimally invasive manner. Microsurgery is performed using high powered microscopes and miniaturized surgical instruments that allow smaller incisions and sutures, among others.
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This technique is applied in a wide range of medical specialties such as oral and maxillofacial surgery, general surgery, orthopedic surgery, ophthalmology, gynecological surgery, neurosurgery, otolaryngology, podiatric surgery, pediatric surgery, and plastic surgery. General surgery segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing use of microsurgery procedures in gallbladder, appendix, and other general surgeries, and ongoing advancements of microsurgery procedures. Increasing investment by private investors in development of more advanced microsurgical equipment and advent of surgical robots are expected to boost revenue growth of the global microsurgery market going ahead.
Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
Carl Zeiss AG, Olympus Corporation, Baxter International, Inc., KLS Martin Group, Tisurg Medical Instruments Co., Ltd., Aros Surgical Instruments Corporation, Microsurgical Technology, Inc., Peter Lazic Gmbh, Microsurgery Instruments, Inc., and Aesculap, Inc.
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Some Key Highlights From the Report:
- In November 2020, MMI Micro launched the world’s smallest wristed surgical instruments. These are designed to overcome complexities of free-flap reconstructions, replantation, congenital malformations, peripheral nerve repairs, and lymphatic surgery.
- Transplantation segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing number of heart and kidney transplant surgeries performed and rising awareness regarding the benefits of transplantation processes such as better quality of life, increased energy levels, increased lifespan, and others.
- North America accounted for significantly larger revenue share in the global market in 2020. Rising focus on development of more advanced surgical procedures and robust presence of advanced healthcare facilities are some major factors driving revenue growth of the market in this region.
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Microsurgery Market Segmentation:
Procedure Outlook (Revenue, USD Billion; 2019–2030)
- Free Flap Tissue Transfer
- Suture and Grafting
- Wound Reconstruction
- Transplantation
- Nerve Repair
End-use Outlook (Revenue, USD Billion; 2019–2030)
- Hospitals and Clinics
- Academic & Government Research Institutions
- Ambulatory Surgical Centers
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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