Microsurgical Instruments Market | Ongoing Trends and Recent Developments | Major Key Players like ZEISS International (Germany), Danaher Corporation (US), Olympus Corporation (Japan)

Factors such as the benefits of microsurgery over traditional surgery; the increasing number of surgeries among the geriatric population & growing popularity of plastic and reconstructive surgeries; and the increasing prevalence of chronic diseases, lifestyle disorders, and cancer are driving the growth of the market.

What The Market Looks Like?

The Microsurgical Instruments Market is estimated to grow from USD 1.7 billion in 2019 to USD 2.2 billion by 2024, at a CAGR of 5.2%. North America accounted for the largest share of the market.

On the basis of the type of microsurgery, the market is segmented into orthopedic, neurological, ENT, ophthalmic, dental, gynecological & urological, plastic & reconstructive, and other microsurgeries. In 2018, the plastic & reconstructive microsurgeries segment accounted for the largest share of the microsurgery instruments market. Increasing awareness about cosmetic procedures, coupled with growing disposable incomes, is a major factor driving the demand for cosmetic treatments via microsurgeries. Additionally, the significant growth in the number of cosmetic and reconstructive microsurgeries performed and the extensive use of microsurgical instruments in plastic & reconstructive surgeries are also expected to support market growth in the coming years.

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On the basis of type, the Microsurgical Instruments Market is segmented into operating microscopes, micro sutures, micro forceps, microsurgery needle holders, micro scissors, and other microsurgical instruments. In 2018, the operating microscopes segment accounted for the largest share of the microsurgery instruments market. The increasing number of ophthalmic surgeries performed have driven the adoption of operating microscopes as these are commonly used in glaucoma and cataract procedures.

What Drives The Market?

The growth of the global market for microsurgical instruments is primarily influenced by the following factors:

- Benefits of Microsurgery Over Traditional Surgery
- Increasing Number of Surgeries Amongst the Geriatric Population
- Growing Popularity of Plastic & Reconstructive Surgeries
- Increasing Prevalence of Chronic Diseases, Lifestyle Disorders, and Cancer

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Geographical Growth Scenario Of Microsurgical Instruments Market:

On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the market. This can primarily be attributed to the large pool of patients, rising geriatric population, increasing preference for minimally invasive surgeries, growing demand for surgical/operating microscopes.

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Leading Microsurgical Instruments Market players and strategies adopted:

B. Braun Melsungen AG (Germany), ZEISS International (Germany), Danaher Corporation (US), Beaver-Visitec International Inc. (US), Global Surgical Corporation (US), Haag-Streit Surgical (Germany), KLS Martin Group (Germany), Microsurgery Instruments (US), Novartis AG (Switzerland), Olympus Corporation (Japan), Scanlan International (US), Stille (Sweden), and Topcon Corporation (Japan) are the major players operating in the Microsurgical Instruments Market.

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This release was published on openPR.