Microsurgery Market Scope
Microsurgery is a specialized surgical technique that uses microscopes and micro instruments to perform procedures, such as neurosurgeries, plastic surgeries, ENT & reconstructive surgeries, and dental surgeries. The increasing number of such procedures in hospitals and specialty clinics and rising demand for reconstructive and tissue transplant procedures among the young population are expected to boost the demand for microsurgeries. The industry growth is driven by the progression in the volume of surgical procedures, which is driven by the increased incidence of lifestyle disorders and the aging population across the globe and improving access to healthcare in developing economies. The COVID-19 pandemic has placed a massive strain on the global healthcare workforce, infrastructure, and supply chain. This has led to policy action and increased government spending toward augmenting healthcare infrastructure as governments prepare for various influences of the virus in the short term, and place a better focus on public health beyond the pandemic. Furthermore, interruptions in the supply chain during the pandemic have also encouraged investments in expanding supply chains and decreasing dependence on a single nation.
HAAG-STREIT GROUP, Olympus Corp., Leica Microsystems, B. Braun Melsungen Inc., Accurate Surgical & Scientific Instruments Corp., Surtex Instruments Ltd., Scanlan International, Carl Zeiss AG, KLS Martin Group, Topcon Corp. and Integra LifeSciences are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Microsurgery market by Type (Operating Microscopes, Micro Sutures, Micro Forceps, Microsurgery Needle Holder and Others), by Application (Orthopedic, Neurology, Gynecological & Urological Microsurgery, Ophthalmic, Plastic & Reconstructive, Oncology and Others) and Region with country level break-up.
On the basis of geography, the market of Microsurgery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
The incorporation of AI tools helps prevent surgical errors during the procedure
Market Growth Drivers:
The adoption of microsurgical procedures is rising due to the advantages offered, such as better stereoscopic vision during miniature surgeries, minimum loss of blood, increased physical comfort, and surgeons’ minimized efforts & time.
Restraints:
High Surgery Costs and Lack of Reimbursement to Challenge Market Growth
Opportunities:
Technological advancements, such as real-time holographic navigation and surgical Artificial Intelligence (AI) are increasingly being adopted by surgeons. These technologies collect patients’ imaging data to create 3D models of organs, which will be used in surgical decision-making
Market Leaders and their Expansionary Development Strategies
October 2022 – A segment of Zeiss Group, which is the parent company of Carl Zeiss Meditech AG, announced a new microsite featuring nine researchers and 24 areas of study. This announcement was made to celebrate the breakthrough achieved by Zeiss instruments.
October 2023 – Micro Medical Devices (MMD), Inc. collaborated with Device Technologies to distribute Symani system across the Philippines, Hong Kong, Singapore, Thailand, Vietnam, Malaysia, Indonesia, Macau, and New Zealand.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.