In posterior microsurgery, different instruments are used such as elevators, retractors, nerve hooks, rongeurs, and curettes. Medical procedures such as pedical subtraction osteotomy and vertebral column resection allows surgeons to use tools and techniques to correct sagittal irregularity. Technological advances in medical field including posterior microsurgical instruments are expected to enhance efficiency of medical surgeries. They can be used in order to determine a successful surgical procedure. Common tools used in posterior microsurgeries include retractors, elevators, rongeurs, nerve hooks and curettes.
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Global Posterior Microsurgical Instruments Market – Driver
Global conferences and meetings organized by key market players associated with posterior microsurgical are creating awareness amongst surgeons and patients, which in turn, is expected to drive growth of the global posterior microsurgical instruments market during the forecast period. For instance, Mercian Surgical Supply Co Ltd., a U.K.-based company, is planning to exhibit a meeting for British Association of Spine Surgeons at Brighton, U.K., in April 2019, to discuss latest innovations in spinal surgeries.
Global Posterior Microsurgical Instruments Market – Restraint
Significant presence of various provincial and local vendors is expected to create huge competition for established players, as local vendors are providing such instruments at less cost. This in turn is expected to restrain growth of the global posterior microsurgical instruments market over the forecast period. According to a Sterilization and Infection Control Blog, October 2016, various surgical tools may remain inside the body post-surgery, causing harmful consequences among patients therefore, conducting further procedure become necessary, which in turn is expected to hamper the market growth in the near future.
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Global Posterior Microsurgical Instruments Market – Regional Analysis
On the basis of region, the global posterior microsurgical instruments market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to hold dominant position in the global posterior microsurgical instruments market during the forecast period. This is owing to adoption of inorganic growth strategies by key players such as agreements in the U.S. For instance, in April 2017, 7D Surgical System, entered into exclusive sales representative agreements with two premier American medical device distributors, Surgical One and DB Surgical, for Machine-Vision Image Guided Surgery (MvIGS) technology. This new MvIGS platform can achieve fast surgical workflow for spine procedures.
Furthermore, Asia Pacific is expected to register significant growth rate in the global posterior microsurgical instruments market, owing to rampant growth of healthcare sector and less cost of surgeries. For instance, according to data published by India Brand Equity Foundation (IBEF), in September 2018, the cost of surgery in India is about one-tenth of that in the US or Western Europe and healthcare has become one of India’s largest sectors both in terms of revenue and employment.
Moreover, According to report published by IBEF 2017, government announced to open three medical devices parks including, The 200 acre park being established in India. Such advancements in healthcare infrastructure will provide opportunities for adoption of various surgical tools including posterior microsurgical instruments, in turn propelling growth of the market.
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Major companies involved in the global posterior microsurgical instruments market include Volk Optical Inc., Ziemer Ophthalmic Systems, Novartis AG, Carl Zeiss Meditec AG, Lumenis, Abbott laboratories, Katalyst Surgical, LLC. Mercian Surgical Supply Co Ltd., and Rumex International Co.
Global Posterior Microsurgical Instruments Market – Taxonomy
By Product Type
- Ophthalmic Posterior Microsurgical Instruments
- Cardiovascular Posterior Microsurgical Instruments
- Surgical Posterior Microsurgical Instruments
By End Users
- Specialty Clinics
- Ambulatory Surgical Centers
- North America
- Asia Pacific
- Latin America
- Middle East
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