Pune, India -- (SBWIRE) -- 03/02/2018 -- A microsurgery is surgical procedure on fine blood vessels and nerves generally smaller than 1 mm with the aid of an operating microscope. Ophthalmology was the first medical field to use microscopes in surgery and continues to possess the largest market share even today. The microsurgery market is a technology driven market where microscopes underwent rapid development from being large, heavy, to smaller and lighter scopes mounted on a moveable base.

The Global Microsurgery Market is expected to grow at a CAGR of 10.2% during the forecasted period.

Microsurgery are chiefly classified into products, diseases indications and end users. Products are further sub segmented into microscopes, microsurgical instruments, consumables and others. Diseases indications segment is sub-segmented into ophthalmology, ear, nose & throat (ENT), reconstructive and plastic surgery, cancer, orthopaedic, neurosurgery, and other.

Growing demand and cases of microsurgery, increase in the prevalence of certain conditions needing microsurgery are the major drivers for the market growth. According to American Cancer Society, 231,840 new cases of invasive breast cancer were diagnosed in women in 2015 in the U.S. Additionally, increasing acceptance of minimal invasive surgeries and growing per capita income boosts the growth of the market.

Data compiled by the international monetary fund from 2000-2015 reveals that the world GDP is growing faster than anticipated with, 9 of the 20 fastest growing economies being former Soviet republics. China has demonstrated sustained growth which has become the world largest economy. However, factors such as cost of microsurgery and related complications and side effects are restraining the market growth. Average cost for microsurgery is estimated to vary from USD 27,000 per patient to USD 37,400 depending on the type procedure in the U.S.

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Global Microsurgery Market- Competitive Analysis

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).

In Nov, 2017 ZEISS announced introduced of VERACITY in the U.S. Surgical market, it proved to be a powerful, intuitive cloud-based platform and was extensively utilised for cataract surgery and planning followed by logistics, treatment and risk management along with analysis. The VERACITY cataract surgery platform was the first application which was introduced by the Medical Technology business group of the ZEISS. Since the company acquired Veracity Innovations LLC, founded by leading ophthalmologists, Kerry D. Solomon, MD and Kyle Smith, MD, the platform helped cataract surgeons to provide personalized technology for patient care and excellent results were abstained.

In November, 2016- Danaher Corporation announced that the company completed its acquisition of Cepheid. Copper Merger Sub, Inc., a California corporation, a wholly owned subsidiary of Danaher, merged with Cepheid. Thus, Cepheid became a subsidiary of Danaher. In this merger, each share of Cepheid stock was cancelled and was converted into the right to receive USd 53.00 per share without interest in cash.

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In June, 2017- Seiler's Medical Division partnered with Henry Schein Dental. Seiler's Medical is a global leader in surgical microscopes, and Henry Schein became distribute their microscopes in the U.S., as per the terms between the company. Moreover, Seiler launched the new Alpha Air.

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