WASHINGTON, Nov. 23, 2021 (GLOBE NEWSWIRE) -- The Global Microsurgery Market size is expected to reach USD 3.79 billion by 2028, exhibiting a CAGR of 6.5% during the forecast period. The factors that bolster the Microsurgery Market during the forecast period are increasing R&D activities, surge in spending power of consumers in healthcare and technological advancements, states Vantage Market Research, in a report, titled “Microsurgery Market By Procedure (Transplantation, Free Tissue Transfer, Replantation, Treatment of Infertility), By Application (General surgery, Orthopaedic surgery , Oncology, Gynaecological surgery, Others), By End Users (Hospitals and Clinics, Research institutes, Ambulatory Surgical Centres), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) : Global Market Assessment, 2021 - 2028”. The market size stood at USD 2.23 billion in 2020.
The Report on Microsurgery Market Highlights:
- COVID Impact Analysis
- Assessment of the market
- Historic Data, Estimates and Forecast
- Premium Insights
- Competitive Landscape
- Global and Regional Dynamics
- Company Profiles
Market Overview:
Rapidly Growing Healthcare Sector is Expected to Augment the Market Demand
Development of the healthcare sector is increasing rapidly due to the rapid technological advancements and increased used of medical devices. These medical devices provide different types of operating techniques, owing the high demand of Microsurgery Market across the globe. Microsurgery is basically performed on cornea, retina, veins, soft tissue and others. This is attributed to the high demand of advanced medical equipment in the market. This is the key benefit to fuel the Microsurgery Market demand during the projected years. In addition to this, Microsurgery is majorly used in cosmetic plastic surgery, thus owing to raise the market growth in coming years.
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Use of Microsurgery in Cosmetic Surgery to Boost the Market Value
Nowadays, many people in the developing nations are ready to spend money for minor cosmetic symptoms. Due to this economic speeding trends, there is huge amount of increase in the cosmetic surgery. This is attributed to the rapid growth of the Microsurgery Market in the coming years.
Regional Analysis:
Rise in Aging Population to Drive the market Demand in North America
North America is accounted the highest Microsurgical Market growth during the forecast period. This is attributed to the rise in the aging population in the region. More people in this region are facing some diseases like various forms of arthritis and cataracts, which is owing to boost the Microsurgical Market growth in the region.
Restraint: High Cost of Microsurgery:
High cost of Microsurgeries and lack of skilled labour are expected hamper the Market in the forecast period.
List of Prominent Players in the Microsurgery Market:
| SR. NO. | COMPANIES | HEADQUARTERS |
| 1. | S&T AG | Linz, Austria |
| 2. | Synovis Micro Companies Alliance, Inc. | Birmingham, Alabama |
| 3. | Stryker Corporation | 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 PLC | Dublin, Ireland |
| 9. | Carl Zeiss Meditech AG | Jena, Germany |
| 10. | Peter Lazic GmBH | Tuttlingen, Germany |
| 11. | Microsurgery Instruments, Inc | Texas United States |
| 12. | Tisurg medical instruments, Co, Ltd | Jiangsu, China |
| 13. | Microline surgical | Beverly, United States |
| 14. | Halma PLC | Amersham, United Kingdom |
| 15. | AROsurgical Instruments | California, United States |
| 16. | Medical Microinstruments | Pisa, Italy |
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Recent Developments in the Industry:
1. November 2021: Novartis announced new publication in Cephalalgia of data showcasing superior tolerability and efficacy of Aimovig® for migraine prevention.
2. August 2021: Novartis launched the new Zolgensma trial. This is the world's most expensive one time therapy.
3. October 2020: Stryker announced the global launch of the industry’s first and only completely wireless hospital bed, ProCuity™. This intelligent bed was designed to reduce in-hospital patient falls at all acuity levels, improve nurse workflow efficiencies and safety, as well as help lower hospital costs.
4. October 2020: Medical Microinstruments (MMI) announced the development of Symani Surgical System which is the robotic system that allows surgeons to perform complex microsurgeries with less complication and ease to use.
This market titled “Microsurgery Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, and Quantitative Date – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Base Year | 2020 |
| Historic Years | 2016 – 2019 |
| Forecast Years | 2021 – 2028 |
| Segments Covered |
|
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2021 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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Table of Content:
- Chapter No. 1: Introduction
- Report Scope
- Objectives of the Study
- USP & Key Offerings
- Target Audience
- Vantage Market Research Report Guidance/Walk-through
- Chapter No. 2: Premium Insights
- Market Snapshot
- Top Investment Pockets
- Market Attractiveness Analysis, By Procedure
- Market Attractiveness Analysis, By Livestock
- Market Attractiveness Analysis, By End-Use
- Market Attractiveness Analysis, By North America
- Insights from Primary Respondents
- Chapter No. 3: Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter’s Five Forces Analysis
- PEST Analysis
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