CHICAGO, Aug. 16, 2019 /PRNewswire/ -- According to the new market research report "Microsurgical Instruments Market by Type (Operating Microscopes, Micro Sutures (Non-Absorbable & Absorbable), Forceps, Needle Holder), Microsurgery (Plastic, Ophthal, ENT, Orthopedic, GYN), End User (Hospitals, ASCs, Academia) - Global Forecast to 2024", published by MarketsandMarkets, the Microsurgical Instruments Market is projected to reach USD 2.2 billion by 2024 from USD 1.7 billion in 2019, at a CAGR of 5.2% during the forecast period.
The adoption of microsurgical instruments is growing across major regions majorly due to the benefits of microsurgeries over traditional surgeries; 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.
The plastic & reconstructive microsurgeries segment accounted for the largest share of the microsurgical instruments market, by microsurgery type, in 2018
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.
Download PDF Brochure:
The operating microscopes segment is expected to register the highest growth in the microsurgical instruments market, by type, during the forecast period
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.
Browse in-depth TOC on "Microsurgical Instruments Market"
69 - Tables
22 - Figures
139 - Pages
North America dominates the microsurgical instruments market
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.
Get 10% Customization on this Research Report:
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.
Browse Adjacent Markets: Medical Device Market Research Reports & Consulting
Browse Related Reports:
Surgical Microscopes Market By Application (Neuro And Spine Surgery, Plastic And Reconstructive Surgery, Ear, Nose, And Throat Surgery, Oncology, Urology, Documentations), End User (Hospitals, Outpatient Facility) - Global Forecast To 2021
Minimally Invasive Surgical Instruments Market By Product (Handheld Instruments, Guiding Devices, Inflation Systems), Application (Cardiothoracic, Vascular, Gastrointestinal), End Users (Private Hospitals, Government Hospitals) - Global Forecast To 2021
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/microsurgical-instrument-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/microsurgical-instrument.asp