Microsurgical Instruments Market Worth $2.2 Billion by 2024 - Exclusive Report by MarketsandMarkets™

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.

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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.

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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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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

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