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.
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.
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Market Overview:
The global Microsurgery market has significantly grown over the recent past and is expected to register rapid growth over the forecast period. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Microsurgery market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
Competitive Outlook of the Global Microsurgery Market
The globla Microsurgery market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Microsurgery market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
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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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
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
Application Outlook (Revenue, USD Billion; 2019–2030)
- General Surgery
- Oncology
- Neurology
- Ophthalmology
- Orthopedic Surgery
- Plastic Reconstructive Surgery
- Gynecology Surgery
- Others
Equipment Outlook (Revenue, USD Billion; 2019–2030)
- Operating Microscopes
- Microsurgery Forceps Needle Holders
- Microsutures
Geographic Segment Covered in the Report:
The Microsurgery report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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