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Microsurgical Instruments Market Worth $2.2 Billion by 2024 - Exclusive Report by MarketsandMarkets™
On the basis of microsurgery type, the microsurgical instruments market is segmented into orthopedic, neurological, ENT, ophthalmic, dental, gynecological & urological, plastic & reconstructive, and other microsurgeries. Among these, the plastic & reconstructive microsurgeries segment accounted for the largest share of the microsurgical instruments market in 2018. 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 micro forceps, micro scissors, microsurgery needle holders, micro sutures, operating microscopes, and other microsurgical instruments. The operating microscopes segment is expected to register the highest growth during the forecast period. The increasing number of ophthalmic surgeries performed have driven the adoption of operating microscopes as these are commonly used in glaucoma and cataract procedures.
North America accounted for the largest share of the microsurgical instruments market in 2018. The large share of this region is attributed to the large patient pool, rising geriatric population, increasing preference for minimally invasive surgeries, growing demand for surgical/operating microscopes, increase in healthcare expenditure, and growing awareness of microsurgical techniques among surgeons.
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B. Braun Melsungen AG ( Germany ), ZEISS International ( Germany ), Danaher Corporation (US), Olympus Corporation ( Japan ), Novartis AG ( Switzerland ), Karl Kaps GmbH & Co. KG ( Germany ), Scanlan International (US), Topcon Corporation ( Japan ), Global Surgical Corporation (US), Haag-Streit Surgical ( Germany ), Accurate Surgical & Scientific Instruments (US), and Stille ( Sweden ) are some of the key players in the microsurgical instruments market.
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