Microsurgery is a surgical procedure which combines magnification with advanced diploscopes, specialized precision tools and numerous operating techniques. The technique is used to operate on minuscule structures, often requires miniaturized instruments, and has myriad uses. The main purposes of microsurgery are to transplant tissue from one part of the body to another and to reattach amputated parts. It helps to restore function after trauma, heal wounds, and restore form after cancer. It can assist in the recovery & healing of a wide array of medical issues, from emergency amputations to reconstruction of the human breast.
According to study, “Microsurgery Market Information By Procedure (Transplantation, Replantation, Free Flap Tissue Transfer, Vascular Anastomoses), Application (General Surgery, Neurosurgery, Ophthalmology, Reconstructive And Plastic Surgery, Oncology), Equipment (Microsurgical Instruments, Microscope, Suture Materials), End User (Hospitals And Clinics,Ambulatory Surgical Centers, Research Organizations), And By Region-Global Industry Forecast To 2023” the key companies operating in the microsurgery market are Medtronic Plc., Ethicon Inc., Tisurg Medical Instruments Co., Ltd., Stryker Corporation, Alcon (Novartis), Smith & Nephew, S&T AG, a B. Braun Company, Aesculap, Inc., Carl Zeiss Meditec AG, Microsurgery Instruments, Inc. Peter Lazic GmbH, Zimmer Biomet Holdings, Synovis Micro Companies Alliance, Inc.
Based on procedure, microsurgery market is segmented into free flap tissue transfer, transplantation, vascular anastomoses and replantation. Replantation is further sub-segmented into fingers, nose, and thumbs, ear and scalp. Based on equipment type, market is segmented into microsurgical instruments, suture materials and microscope. Based on application market is segmented into general surgery, ophthalmology, neurosurgery, oncology and reconstructive & plastic surgery. Neurosurgery segment is estimated to witness lucrative growth rate owing to increase in numbers of patients with neurological diseases, rise in healthcare spending on brain disorders, growth in aging populations and increase in awareness of various neurological disorders during the forecast period. In addition, based on end-user, market is segmented into hospitals & clinics, research organizations, ambulatory surgical centers and others. Hospital & clinics segment holds major share in market due to rise in use of robots to improve healthcare outcomes.
The microsurgery market is driven by growth in demand & cases of microsurgery, followed by rise in acceptance of minimally invasive surgeries, growth in per capita income, rise in number of organ transplants, and increase in the prevalence of diseases for instance breast cancer, barrette’s esophagus, melanoma & non-melanoma skin cancer, and prostate cancer. However, rise in complications & side-effects, scarcity of trained professionals and high cost of microsurgery may impact the market. Moreover, rise in technological advancement with the assistance of research & development (R&D) is a key opportunity for market.
Based on geography, the North-American region holds major share, followed by European region in microsurgery market owing to rise in demand for aesthetic procedures, growth in healthcare infrastructure and increase in prevalence of diseases for instance cataract and arthritis in the region. The Asian-Pacific region is expected to witness substantial growth due to rise in number of research activities and increase in geriatric population over the forecast period. It is projected that the market will be reached at fast pace as a result of growth in need for better disease treatment coupled with rise in advances in surgical procedures during the forecast period.
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Ankur Gupta, Head Marketing & Communications