The Global Microsurgery Market is expecting a sound growth during the forecasted period. Increasing prevalence of chronic diseases, elevating geriatric population and technological advancement in surgery have driven the market growth. Moreover, increasing healthcare expenditure, and rising demand for the better treatment have fueled the growth of the market. On the other hand, high cost of treatment and poor reimbursement policies in developed countries may restrain the growth of this market.
The Global Microsurgery Market is expected to grow at a CAGR of 10.2% during the forecasted period.
The major driving factor for the market is increasing prevalence of the cancer, ophthalmic diseases and other chronic diseases. According to Cancer Research UK, in 2012, 14.1 million people across the globe were suffering from cancer. Increasing number of organ transplantation, advances in the surgical procedures and adoption of microscope in surgeries have also driven the market growth. Moreover, high healthcare expenditure, increasing geriatric population, and growing need for the better treatment of the diseases have fueled the market growth. However, high cost of the treatment and poor reimbursement policies for the medical devices may slower the market growth.
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Key Players
Some of the key players in microsurgery market are AROSurgical Instruments (US), tisurg medical instruments Co., Ltd (China), Carl Zeiss Meditec AG (Germany), MicroSurgical Technology (US), SYNOVIS MICRO COMPANIES ALLIANCE, INC. (US), Peter LAZIC GmbH (Germany), BIONIKO (US), MICROSURGERY INSTRUMENTS, INC. (US).
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The report on the global microsurgerymarket of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight to the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
Regional Analysis
Geographically, the global microsurgery market is segmented into four major regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas dominate the global microsurgery market owing to the presence of huge cancer population and high healthcare spending. America is further segmented into North America and South America. North America holds the largest market owing to extensive use of advanced technology and developed healthcare sector. Europe commands the second largest market due to increasing funds and government support. Asia Pacific is the fastest growing market for the microsurgery, whose growth is attributed to rising geriatric population, rapidly developing economies and huge patient pool.
However, the Middle East & Africa is expected witness limited growth due to limited access to the healthcare resources and lack of advanced technology.
Segments:
The global microsurgery market is segmented on the basis of application, procedures, and end users. On the basis of applications the market is categorized into: general surgery, ophthalmology, plastic surgery, gynecological surgery, orthopedic surgery, oncology, neurosurgery, oral & maxillofacial surgery, podiatric surgery, and pediatric surgery.
On the basis of procedures the market is segmented into free tissue transfer, replantation, transplantation, and treatment of infertility. Replantation is further segmented into fingers & thumbs, ear, scalp, nose, and others. Treatment of infertility is further segmented into tubal obstructions, vas deferens obstructions and varicocele.
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On the basis of end users the market is segmented into hospitals & clinics, research organizations and others.
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