Microsurgical Instruments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Microsurgical Instruments Market is segmented by Product (Micro Sutures, Micro Forceps, Operating Microscopes, Micro Scissors, and Other Instruments), Microsurgery Type, End-User, and Geography

Market Snapshot

microsurgical-instruments-market_Market Summary
Study Period:

2018 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

5.1 %

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Market Overview

The significant factor attributing this market's growth is the growing incidence of chronic and lifestyle disorders, a rising geriatric population is becoming increasingly popular with plastic and reconstructive procedures, and the advantage of microsurgery over conventional surgery will upsurge the growth of microsurgical instruments market. 

Microsurgery is a key component of plastic surgery. Some common microsurgery procedures are in which the utilization of microsurgical instruments are higher are breast reconstruction, vascularized bone flap transfer, toe transplantation, head and neck reconstruction, lymphatic reconstruction among others.

Scope of the Report

As per the scope of the report, microsurgery is the practice of invasive surgeries done with the help of an operating microscope. The instruments used in successfully practicing microsurgery are called microsurgical instruments. Microsurgical instruments are used for several medical specialties, ranging from eye surgeries to arm, orthopedics, and cardiac procedures, as well as in the ambulatory centers, hospital settings, and others.

By Product
Micro Sutures
Micro Forceps
Operating Microscope
Micro Scissors
Micro Surgery Needle Holder
Other Instruments
By Microsurgery Type
Orthopedic Microsurgery
Ophthalmic Microsurgery
Plastic & Reconstructive Microsurgery
ENT Microsurgery
Neurological Microsurgery
Gynecological & Urological Microsurgery
Other Microsurgery
By End User
Hospitals
Ambulatory Surgical Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Plastic & Reconstructive Microsurgery is Expected to Hold the Largest Market Share in the Microsurgical Instruments Market

Dominant share is retained by the Plastic & Reconstructive Microsurgery segment owing to the attributes such as growing reconstructive & plastic surgery which is further expected to drive the market growth for microsurgical instruments.

As per the British Association of Aesthetic Plastic Surgeons (BAAPS), in United Kingdom, over 28,000 procedures took place in 2018, a increase of 0.1% on 2017, which is expected to drive the studied market during the forecast period.

According to the ASPS report, 1.8 million cosmetic surgical procedures, 15.7 cosmetic minimally invasive procedures, and 5.8 million reconstructive procedures were performed in 2018. Hence with the increasing number of procedures the market is expected to grow at a high rate.

Surgical Procedure in UK.png

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North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall microsurgical instruments market, throughout the forecast period. This is owing to factors such as the rising prevalence of chronic disorders such as arthritis, neuro-related disorder such as brain tumor surgery, rising geriatric population, growing demand of reconstructive surgery and other disorder will drive the market for microsurgical instruments market in the region.

As per the CDC estimates, by 2040, it is expected that around 78 million (26%) US people aged 18 years or older would have arthritis which is further expected to upsurge the demand of microsurgical instrument as the demand for micro and minimal invasive surgery are on-demand which is boosting the market growth.

Microsurgical Instruments Market 2

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Competitive Landscape

The Microsurgical Instruments market is moderately competitive and consists of a few major players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making acquisitions and new product launches with the other companies to consolidate their market positions across the globe.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Microsurgery Advantage over Conventional Surgery

      2. 4.2.2 Rising Incidence of Lifestyle and Chronic Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 High Price of Advanced Surgery

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Micro Sutures

      2. 5.1.2 Micro Forceps

      3. 5.1.3 Operating Microscope

      4. 5.1.4 Micro Scissors

      5. 5.1.5 Micro Surgery Needle Holder

      6. 5.1.6 Other Instruments

    2. 5.2 By Microsurgery Type

      1. 5.2.1 Orthopedic Microsurgery

      2. 5.2.2 Ophthalmic Microsurgery

      3. 5.2.3 Plastic & Reconstructive Microsurgery

      4. 5.2.4 ENT Microsurgery

      5. 5.2.5 Neurological Microsurgery

      6. 5.2.6 Gynecological & Urological Microsurgery

      7. 5.2.7 Other Microsurgery

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgical Centers

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Olympus Corporation

      2. 6.1.2 ZEISS International

      3. 6.1.3 Karl Kaps GmbH

      4. 6.1.4 KLS Martin Group

      5. 6.1.5 Microsurgery Instruments Inc

      6. 6.1.6 B. Braun Melsungen AG

      7. 6.1.7 Haag-Streit Surgical

      8. 6.1.8 Global Surgical Corporation

      9. 6.1.9 Beaver-Visitec International, Inc. (BVI)

      10. 6.1.10 Stille AB

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Microsurgical Instruments Market market is studied from 2018 - 2026.

The Microsurgical Instruments Market is growing at a CAGR of 5.1% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Olympus Corporation
  • ZEISS International
  • Karl Kaps GmbH
  • KLS Martin Group
  • Global Surgical Corporation

Are the major companies operating in Microsurgical Instruments Market.

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