The growth of the microsurgical instruments market can be attributed to several factors such as the wide-scale adoption of microsurgical instruments coupled with benefits associated with microsurgeries. Additionally, increasing patient awareness, coupled with the use of advanced technology in the field of microsurgical instruments, is anticipated to further promote growth of the microsurgical instruments market during the forecast period.
Market Industry Reports (MIR) has published a new report titled “Microsurgical Instruments Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global microsurgical instruments market accounted for over approximately US$ 1.8 billion in 2019. It is anticipated to grow at a CAGR of 5.1% from 2020 to 2030.
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Some of the prominent players in the Microsurgical Instruments Market include:
ZEISS International, B. Braun Melsungen AG, Danaher Corporation, Becton, Dickinson and Company, Olympus Corporation, Alcon, Topcon Corporation, Global Surgical
The adoption of microsurgical instruments is increasing across key regions majorly due to the benefits offered by microsurgeries over traditional surgeries such as shorter hospital stay, minimum blood loss and minimal pain associated with the surgery. Furthermore, the increasing number of surgeries among the geriatric population and the growing popularity of plastic & reconstructive surgeries are promoting growth of the microsurgical instruments market. Additionally, the increasing prevalence of chronic diseases, lifestyle disorders, and cancers will boost growth of the microsurgical instruments market.
Since the introduction of minimally-invasive procedures, the adoption of such procedures has witnessed significant growth in recent times. Shorter hospital stays, minimal post-procedure pain, and fewer complications have played a pivotal role in contributing to the growing adoption of such surgeries by surgeons.
The Microsurgical Instruments Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Product Type:
Operating Microscopes, Micro Sutures, Micro Forceps, Microsurgery Needle Holders, and Micro Scissors
By Microsurgery Type:
Orthopedic Microsurgery, Ophthalmic Microsurgery, Plastic & Reconstructive Microsurgery, Neurological Microsurgery, ENT Microsurgery, Dental Microsurgery, and Gynecological & Urological Microsurgery
By End-User:
Hospitals, Ambulatory Surgery Centers, and Academic & Research Centers
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Table of Contents
- INTRODUCTION
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- Overview
- Drivers
- Barriers/Challenges
- Opportunities
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