Microsurgical Instruments Market 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), and By End-User (Hospitals, Ambulatory Surgery Centers, and Academic & Research Centers) – Global Analysis & Forecast 2020-2030
Report ID : 341 | Published Date : Apr 2020 | Pages : 150 | Region : Global | Report Code : MD-106
Microsurgical Instruments Market Introduction & Overview
Microsurgery became popular in developed regions owing to its precision along with minimal tissue trauma, fewer complications, better surgical results, and greater professional satisfaction. Microsurgery is done under a narrow field of vision and a narrow depth of focus due to which it results in the loss of points of reference and tactile control. For microsurgery to succeed, besides a good microscope and surgical skills, one requires an excellent set of microsurgical instruments. Microsurgical instruments being quite expensive, their selection and care are a matter of concern for surgeons who wish to perform well in microsurgery.
The microsurgical instruments market is driven by factors, such as the wide-scale adoption of microsurgical instruments, benefits associated with microsurgeries, increasing patient awareness regarding microsurgery, and the use of advanced technology in the field of microsurgical instruments. Moreover, the increasing number of surgeries among the geriatric population and the growing popularity of plastic & reconstructive surgeries are further adding to growth of the microsurgical instruments market. However, the high cost of microsurgical instruments and the high maintenance costs associated with microsurgical instruments are factors expected to hamper the microsurgical instruments market to a certain extent.
The global microsurgical instruments market can be segmented into product type, microsurgery type, end-user, and region.
Microsurgical Instruments Market By Product Type
Based on product type, the market can be segmented into operating microscopes, micro sutures, micro forceps, microsurgery needle holders, micro scissors, and others. The operating microscopes segment accounted for the largest share in 2019 owing to the increasing number of ophthalmic surgeries.
Microsurgical Instruments Market By Microsurgery Type
Based on microsurgery type, the market can be segmented into orthopedic microsurgery, ophthalmic microsurgery, plastic & reconstructive microsurgery, neurological microsurgery, ENT microsurgery, dental microsurgery, gynecological & urological microsurgery, and others. The plastic & reconstructive microsurgery segment dominated the market owing to the increasing awareness regarding cosmetic procedures, coupled with growing disposable incomes.
Microsurgical Instruments Market By End-User
Based on the end-user, the market can be segmented into hospitals, ambulatory surgery centers, and academic & research centers. The hospitals segment is estimated to account for the largest market share globally. The large share of this segment can be attributed to the availability of the latest technologies in hospitals and the increasing number of microsurgeries carried out in hospitals.
Microsurgical Instruments Market By Region
Based on the region, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (ROW). North America dominated the microsurgical instruments market followed by Europe. The large share of North America can be attributed to technological advancements and affordability of microsurgeries among the target population in this region.
Microsurgical Instruments Market Prominent Players
Some of the key players operating 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 Corporation, Haag-Streit Surgical, and KLS Martin Group, among others.