Market Analysis:
Global Microsurgery Market is expected to reach USD 1,698.68 Million by 2025 from USD 1,003.63 Million in 2017, at a CAGR of 6.9% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Segmentation: Global Microsurgery Market
Global Microsurgery Market,
By Application
• General Surgery,
• Neurosurgery,
• Ophthalmology,
• Orthopedic Surgery,
• Plastic Surgery,
• Oncology,
• Gynecological Surgery,
• Oral Surgery,
• Pediatric Surgery
Procedure
• Transplantation,
• Replantation,
• Treatment Of Infertility,
• Free Tissue Transfer
Equipment Type
• Microsurgical Instruments,
• Microscope,
• Microsutures Materials
End User
• Hospitals,
• Clinics,
• Research Organization
Geography
• North America,
• South America,
• Europe,
• Asia-Pacific,
• Middle East and Africa
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Drivers: Global Microsurgery Market
The major factors driving the growth of this market are increasing prevalence of chronic diseases, technological advancement in the surgical procedures and rising geriatric population.
INCREASING PREVALENCE OF CHRONIC DISEASES
The prevalence of chronic diseases in the western countries is growing extensively owing to rapid demand among the elderly population.
According to a data published in the Partnership to fight disease, 133 million Americans, 45.0% of the total population is suffering from at least one chronic disease.
As per the data published in Statista, Ischemic heart disease caused approximately 8.76 million deaths in 2015. The lung cancer is responsible for 1.7 million deaths in 2015 and liver cancer caused 0.788 million deaths in the same year.
Below is some spinal disorders data mentioned:
• According to National Spinal Cord Injury Statistical Center (NSCISC), among 314 million people in US approximately 54.0% of the population is suffering from spinal cord injury (SCI).
• Around 17,000 new cases of the SCI are registered per year in the US.
• About 4.0% to 6.0% of the U.S. population is diagnosed with numerous spine related diseases such as spondylolysis and spondylolisthesis.
• For the treatment of numerous chronic diseases, novel techniques are being used by the surgeons. For instance, microscope with extra magnification power is used in the reconstruction of the body parts which gets affected by cancer using patient’s own tissues. This procedure is known as reconstructive microsurgery.
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Major Players: Global Microsurgery Market
Some of the major players operating in this market are
• Carl Zeiss Meditec AG,
• tisurg medical instruments Co.,
• MicroSurgical Technology,
• SYNOVIS MICRO COMPANIES ALLIANCE, INC.,
• Peter LAZIC GmbH,
• MICROSURGERY INSTRUMENTS, INC.,
• Hu-Friedy Mfg. Co.,
• LLC,
• Adarsh Surgical Works,
• Accurate Surgical & Scientific Instruments Corporation,
• KLS Martin Group,
• Boss Instruments Ltd.,
• Beaver-Visitec International and Scanlan International among others
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