Microsurgery Market ; MRFR Reveals Covid-19 Analysis for 2019-2027...

Microsurgery Market ; MRFR Reveals Covid-19 Analysis for 2019-2027

Posted 2021-08-27 12:53:46

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The global microsurgery market technology much of its growth from factors such growing prevalence of arthritis and cataract which require microsurgery for treatment. Also, medical conditions such as periodontal diseases and dental caries also are treated with microsurgery. Expanding global geriatric population also add to the growth of the market. The aged populace is more prone to acquiring various diseases and require surgical treatment for the same. Microsurgery is generally the preferred mode of surgery for old patients since they do not exert much pressure, old patients. The rising popularity of cosmetic surgical procedures also induces high demand for microsurgery resulting in noteworthy expansion of the global microsurgery market. Other boosting factors include higher inclination towards minimally invasive procedures, high investment in healthcare purveyed by growing disposable income. Technological advancement in the field of microsurgery due to rigorous r&d activities also create lucrative opportunities for the growth of the global microsurgery market. On the flip side, the market growth might be impeded by the high cost of microsurgery, and lack of trained healthcare professionals to perform microsurgical procedures.

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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 6.7% 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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