Seattle, WA -- (SBWire) -- 10/17/2019 --Global "Microsurgery Market" (2018-2026) Research Report is a professional and in-depth study on the current state focuses on the major drivers and restraints for the key players. Global Microsurgery Industry report also provides granular analysis of the market size, share, segmentation, revenue forecasts and geographic regions of the market. This report categorizes the market based on market overview, regions, analysis by types and applications, market dynamics and manufacturers profiles.

Microsurgery is a surgical procedure performed on small and delicate structures of blood vessels and nerves. This procedure includes the combination of specialized precision instrument and magnification technique such as high powered loupe magnification. Microsurgeries are mostly used in congenital deficiencies, skin grafting, and cancer treatment owing to its excellent wound healing properties and function restoration in post-trauma.

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Market Dynamic

High prevalence of cancer, ophthalmic disease, and chronic diseases has increased market growth According to the report from the Cancer Research the U.K. in 2012, around 14.1 million cases of cancer were registered, globally. A growing number of various transplant surgeries and technological advancements in the surgical process have boosted the growth of the microsurgery market. As per the World Health Organization (WHO), in 2005 around 93,000 transplant surgeries were performed globally. Growth in the geriatric population significantly raises the cases of chronic diseases, which in turn supporting the growth of the global microsurgery market.

Regional Insights

North America accounted for the largest market share in the global market and this can be attributed to the rising prevalence of cancer, neurological disorders, and congenital deficiencies. As per the U.S. Centers for Disease Control and Prevention (CDC) 2014, over 1.5 million cases of invasive cancer are registered in the U.S. annually. The Asia Pacific region is projected to expand at the highest growth rate due to the high prevalence of chronic diseases and increasing geriatric population base rate in the region. As per the Economic and Social Commission for Asia and Pacific Report 2016, around 12.4% of the population in the Asia Pacific was above 60 years.

Global Microsurgery Market – Competitive Landscape

Key players operating in the global market include Carl Zeiss Meditec AG, Hu-Friedy Mfg. Co., LLC, MicroSurgical Technology, S&T AG, Aesculap, Inc., a B. Braun Company, Synovis Micro Companies Alliance, Inc., Ethicon Inc., Stryker Corporation, Smith & Nephew, Alcon (Novartis), Zimmer Biomet Holdings, Medtronic Plc Inc., Tisurg Medical Instruments Co., Ltd., Microline Surgical, AROSurgical Instruments, Adarsh Surgical Works, Accurate Surgical & Scientific Instruments Corporation, KLS Martin Group, Boss Instruments Ltd., Beaver-Visitec International, and Scanlan International, Halma Plc.Peter LAZIC GmbH, MICROSURGERY INSTRUMENTS, INC., and others.

Major players are focusing on adopting various business strategies such as product approvals and launches to increase its product portfolio in the market. For instance, in October 2018, U.S. FDA approved ReLEx Smile, developed by Carl Zeiss Meditec AG, for refractive surgery patients.

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Market segmentation:

Based on application -
- General Surgery
- Ophthalmology
- Neurosurgery
- Oncology
- Gynecological surgery
- Oral surgery

Based on equipment type -
- Microsurgical Instrument
- Microscope
- Micro Suture Material

Based on the end-user -
- Hospital
- Clinic
- Research Organization

Based on geography -
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa

Reasons to Buy:

- Establish comprehensive understanding of the pipeline activity across this Microsurgery to formulate effective R&D strategies

- Gather information of the emerging competitors having potentially lucrative portfolio in this space and create effective counter strategies to gain competitive advantage

- Plot corrective measures for pipeline projects by understanding the pipeline depth and focus of Microsurgery therapeutics

- Devise in licensing and out licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and scope

- Modify the therapeutic portfolio by identifying inactive projects and understanding the factors that might have halted their progress

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