Global Microsurgery Market - Segments
For ease of understanding, the market has been segmented into four key dynamics: -
By Application: Ophthalmology, General Surgery, Plastic Surgery, Orthopaedic Surgery, Gynaecological Surgery, Oncology, Oral Surgery, and Neurosurgery among others.
By Procedure: Replantation (fingers & thumbs, ear, scalp, nose, and others.), Treatment of Infertility (tubal obstructions, vas deferens obstructions, and varicocele.), Free Tissue Transfer, and Transplantation among others.
By End-users: Research Organizations and Hospitals & Clinics among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.Regional Analysis
By
region, the global microsurgery market has been segmented into the
Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa
(MEA). The Americas is leading the global microsurgery market and is
likely to expand at a CAGR of 6.7% over the forecast period. Presence of
a robust healthcare sector coupled with the growing prevalence of
chronic diseases in the region generates high demand for microsurgical
procedures such as cataract and arthritis surgery. In addition, the
region is a frontrunner in the adoption of advanced healthcare
technologies which further boosts the growth of the market.
Europe microsurgery market is spurred by heightened demand for minimally invasive cosmetic procedures.
APAC
market for microsurgery is likely to exhibit the highest CAGR of 6.91%
over the forecast period. Increasing geriatric population who are more
susceptible to medical disorders induce high demand for microsurgery in
the region. Rising government funding along with rapid technological
advancement and high healthcare expenditure boosts the growth of the
market.
The MEA microsurgery market will be driven by expanding healthcare sector and government funding.
Competitive Analysis
Fiercely competitive, the global Microsurgery market appears to be highly fragmented due to the presence of several well-established, small players as well as new entrants. These players incorporate strategic initiatives such as collaboration, acquisition, expansion, strategic partnership, and technology launch. Heavy investments are transpired in clinical trials and the development of effective surgeries.
Well-established players are emphasizing upon expansion of their network and product distribution mainly into the developing economies. High growth potential demonstrated by this market is likely to attract many entrants encouraging them to join the market which as a result, will intensify the competition in the market, further. The market is expected to witness the increasing number of product/service extensions and technological innovations.
Major Players:
Key players leading the global microsurgery market include Aesculap, Inc., S&T AG, Synovis Micro Companies Alliance, Inc., B. Braun Company, Ethicon Inc., Smith & Nephew, Stryker Corporation, Alcon (Novartis), Medtronic Plc, Zimmer Biomet Holdings, Carl Zeiss Meditec AG, Microsurgery Instruments, Inc., Peter Lazic GmbH, Tisurg Medical Instruments Co., Ltd., AROSurgical Instruments, Microline Surgical, and Halma Plc. Among others.
Key Players
Prominent
market players that have been analysed for thier contribution to the
competitive landscape include Bioniko, Microsurgery Instruments Inc.,
AROSurgical Instruments, Tisurg Medical Instruments Co. Ltd., Carl Zeiss
Meditec AG, Peter Lazic GmbH, MicroSurgical Technology, Synovis Micro
Companies Alliance Inc., and others.
Latest Industry News
The
Pacific Parntership mission for 2018 has recently seen medical
professionals who are participating in the program collaborated using
advanced microsurgery techniques at Khanh Hoa General Hospital. The
procedure involved the sucessful transplant of tissue from the patients
leg to exposed bone on the scalp.
A woman Rosa Hoak, who recently lost her arms in a dog attack had them reattached using microsurgery. She can now use her hands normally again due to the use of microsurgical techniques. Her recovery is touted to be extraordinary with feeling returning to both hands.
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