WASHINGTON, November 23, 2021 (GLOBE NEWSWIRE) – The global microsurgery market size is expected to reach $ 3.79 billion by 2028, with a CAGR of 6.5% during the forecast period. Factors that bolster the Microsurgery Market during the forecast period are increased R&D activities, increased purchasing power of consumers in healthcare and technological advancement, Says Vantage Market Research, in a report entitled “Microsurgery Market By Procedure (Transplantation, Free Tissue Transfer, Replanting, Infertility Treatment), By Application (General Surgery, Orthopedic Surgery, Oncology, Gynecologic Surgery, Others), By End Users (Hospitals & Clinics, Health Institutes) Research, Outpatient Surgery Centers), By Region (North America, Europe, Asia-Pacific, Latin America & Middle East & Africa): Global Market Assessment, 2021 – 2028”. The market size was $ 2.23 billion in 2020.
The Microsurgery Market Highlights Report:
- Analysis of the impact of COVID
- Market assessment
- Historical data, estimates and forecasts
- Premium previews
- Competitive landscape
- Global and regional dynamics
- Company Profiles
Rapidly Growing Healthcare Sector is Expected to Increase Market Demand
The development of the healthcare sector is increasing rapidly due to rapid technological advancements and the increased use of medical devices. These medical devices provide different kinds of surgical techniques, owing to the high demand of the Microsurgery market across the world. Microsurgery is primarily performed on the cornea, retina, veins, soft tissue and others. This is attributed to the high demand for advanced medical equipment in the market. This is the key advantage to fuel the demand of the microsurgery market over the projected years. In addition to this, microsurgery is mainly used in cosmetic and plastic surgery, which is expected to increase the growth of the market in the coming years.
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Use of microsurgery in cosmetic surgery to increase market value
Nowadays, many people in developing countries are willing to spend money on minor cosmetic symptoms. Due to this economic trend in speed, there is a huge increase in cosmetic surgery. This is attributed to the rapid growth of the Microsurgery market in the coming years.
Increasing aging population to drive market demand in North America
North America is considered the highest Microsurgery market growth during the forecast period. This is attributed to the increasing aging population in the region. More and more people in this region are facing diseases like various forms of arthritis and cataracts which are expected to drive the growth of the Microsurgery market in the region.
Constraint: High cost of microsurgery:
High cost of microsurgery and lack of skilled manpower are expected to hamper the market during the forecast period.
List of Major Microsurgery Market Players:
|1.||S&T SA||Linz, Austria|
|2.||Synovis Micro Companies Alliance, Inc.||Birmingham, Alabama|
|3.||Stryker Company||Michigan, United States|
|4.||Novartis AG||Basel, Switzerland|
|5.||Ethicon Inc||Ohio, United States|
|6.||Smith and nephew||London, United Kingdom|
|7.||Zimmer Biomet Holdings||Indiana, United States|
|8.||Medtronic API||Dublin, Ireland|
|9.||Carl Zeiss Meditech AG||Jena, Germany|
|ten.||Peter Lazic GmBH||Tuttlingen, Germany|
|11.||Microsurgical Instruments, Inc||Texas United States|
|12.||Medical Instruments Tisurg, Co, Ltd||Jiangsu, China|
|13.||Surgical microline||Beverly, United States|
|14.||Halma SA||Amersham, United Kingdom|
|15.||ARO surgical instruments||California, United States|
|16.||Medical microinstruments||Pisa, Italy|
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Recent developments in the industry:
November 1, 2021: Novartis has announced a new publication in Cephalalgia of data demonstrating superior safety and efficacy of Aimovig® for the prevention of migraine.
August 2, 2021: Novartis has launched the new Zolgensma trial. It is the most expensive single therapy in the world.
October 3, 2020: Stryker announced the global launch of the industry’s first and only fully wireless hospital bed, ProCuity ™. This smart bed was designed to reduce hospital patient falls at all acuity levels, improve the efficiency and safety of nurses’ workflow, as well as help reduce hospital costs.
4. October 2020: Medical Microinstruments (MMI) announced the development of Symani Surgical System, the robotic system that enables surgeons to perform complex microsurgery with fewer complications and ease of use.
This market titled “Microsurgery Market” will cover proprietary insights in terms of geographic segmentation, regional analysis, forecast and quantitative date – units, key market trends and various others as mentioned below:
|Year of reference||2020|
|Historical years||2016 – 2019|
|Forecast years||2021 – 2028|
|Quantitative Data – Units||Revenue in millions USD / billion and CAGR from 2021 to 2028|
|Regions covered||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and rest of the world|
|Covered countries||United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC countries and South Africa, among others|
|Number of businesses covered||10 companies with the possibility of including 15 additional companies on request|
|Cover of the report||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, market share analysis of the business and impact assessment of COVID-19.|
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- Chapter n ° 1: Introduction
- Scope of the report
- Objectives of the study
- USP Offers and Keys
- Target audience
- Vantage Tips / Walkthrough Market Research Report
- Chapter 2: Premium Previews
- Market Snapshot
- Better investment pockets
- Market attractiveness analysis, by procedure
- Analysis of market attractiveness, by farm
- Market attractiveness analysis, by end use
- Market attractiveness analysis, by North America
- Views of key informants
- Chapter 3: Key Market Dynamics
- Market factors
- Market constraints
- Market opportunities
- Porter’s Five Forces Analysis
- PEST analysis
Table of contents continued ..
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