Microsurgery is a surgical process that uses the operation theater's powerful microscope or high-powered medical loupe magnifiers to facilitate the microvascular surgical techniques which is accustomed to anastomosing tiny vessels and nerves. Microsurgical process has expanded reconstructive surgery’s components and methods in substantial ways. Microsurgery has genuine prospects in convoluted dissections that may preserve crucial structures throughout debridement and resections.
Swift development of advanced surgery techniques, increasing chronic diseases, inclusion of robotics in surgery, and growing ascendance of geriatric population is the main driving factor for the global microsurgery market. Among these driving factors advance surgery techniques and the inclusion of robotics is playing the prime role as a driver of the microsurgery market. A study published in the frontiers journal under the name of Robotic Surgery in Gynaecology reveals that 24% of US gynecologist oncologists perform robotic-assisted surgery today for better precision. This percentage is on the continuous rise with daily adoption of advanced surgery techniques.
But restraining factors as unskilled labour and expensive mode of surgery is holding back the global microsurgery market from further growth.
Owing to this driving and restraining factors, Global Microsurgery Market is predicted to reach USD 1,750 million by 2025 from USD 1,040 million in 2018, at a CAGR of 7.2% in the forecast period.
The global microsurgery market is segmented into three categories which are based on application, user end and geography.
Based on the application of microsurgery the global market is sub-segmented into plastic surgery, neurosurgery, gynecological surgery, orthopedic surgery, oncological surgery, oral surgery, pediatric surgery and so on. As per user end, the market is sub-segmented into hospitals, diagnostic centers, and research institutes.
Basing on the geographical area the global microsurgery market is subsegment into North America, Europe, Asia-Pacific and Rest of the World. North American market is dominated by the USA and Canada, Europe is dominated by the UK, France, Germany, Sweden, Finland etc. Asia-Pacific holds China, India, South Korea and Australia. Rest of the world is consisting of South Africa and Brazil.
Dominant and Fastest Growing region:
North America is the most dominant practitioners of microsurgery. Intuitive- the manufacturer of da Vinci robotic-assisted surgical system reveals that their equipment is widely used in all 50 States of the USA which speaks of their dominance in usage and production of the microsurgical systems. It is predicted that they will retain their dominance until 2025. On the other hand, China, South Korea, and Thailand are the fastest growing region of the global microsurgery market.
Key Players in the Market:
The global microsurgery market is comparatively a new but very competitive market. Some of the key players of Microsurgery Industry are: Synovis Micro Companies Alliance Inc., Intuitive Surgical Inc., Ethicon Inc., Microsurgery Instruments Inc., KLS Martin Group, Novartis, Zimmer Biomet Holdings, Carl Zeiss Meditec AG, AROSurgical Instruments, Microline Surgical, Tisurg Medical Instruments Co., Medtronic Plc etc.