Microsurgical Instruments Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Microsurgical Instruments Market Analysis
The microsurgical instruments market is expected to register a CAGR of 5.1% during the forecast period.
The COVID-19 pandemic had a significant impact on the microsurgical instruments market. Due to regulatory authorities' strict guidance to prevent any non-emergent surgeries, the volume of surgeries has drastically decreased throughout the pandemic. According to the study published in October 2021 by the National Library of Medicine globally, there has been a 42.8% decrease in general surgery admissions. Thus, the reduction in surgical procedures during the COVID-19 pandemic affected the market's growth. However, the postponed surgeries resumed worldwide, driving the market's growth during the post-pandemic period. The number of surgical procedures and chronic diseases, such as cardiovascular diseases, where surgery is mandatory is growing. This is the primary growth factor for the microsurgical instruments market. For instance, as per the research study published in June 2021 by the Journal of Thoracic and Cardiovascular Surgery, a total of 92,809 operations were classified as heart surgery procedures in the classical sense, of which 29,444 were isolated coronary artery bypass grafting procedures, 35,469 were isolated heart valve procedures, and the number of isolated heart transplantations increased by 2% to 340. Hence, the high number of heart procedures and operations being performed is expected to boost the growth of the microsurgical instruments market during the forecast period.
The significant advantage of microsurgery over conventional surgical procedures and an increasing number of surgeries, and the rising incidence of lifestyle and chronic diseases are the major factors why the number of microsurgical procedures is increasing around the world. For instance, according to a research study published by the National Library of Medicine in June 2021, under magnification, the microsurgical method for root coverage was found to be superior to the traditional microsurgical approach, and in addition to enhanced gingival thickness and patient satisfaction ratings, neovascularization at the microsurgical sites healed more quickly. Similarly, a research study published by the National Library of Medicine in May 2022, it was reported that the high-definition 3-dimensional (3D) exoscope (EX) offers the unique benefit of good comfort and appears to be a secure substitute for conventional anterior cervical discectomy and fusion (ACDF). It also benefits the surgical team as a valuable educational tool. Hence, owing to the many advantages of microsurgical procedures over conventional procedures, the adoption of microsurgical procedures is expected to increase, which is expected to increase the demand for microsurgical instruments, and thus, the market is expected to grow over the forecast period.
Furthermore, the increasing number of surgeries worldwide owing to the growing burden of chronic diseases is expected to augment the growth of the microsurgical instruments market during the forecast period. For instance, the data published by the European Heart network in 2021 reported that in the European Union, more than 60 million people live with cardiovascular disease, and close to 13 million new cases of cardiovascular diseases are diagnosed every year. Such increasing prevalence of cardiovascular diseases, which led to an increasing need for surgical procedures and treatment, is expected to drive the growth of the microsurgical instruments market.
Hence, owing to the above-mentioned factors, the microsurgical instruments market is expected to grow over the forecast period. However, the high cost associated with the surgery is expected to restrain the growth of the microsurgery instruments market during the forecast period.
Microsurgical Instruments Market Trends
This section covers the major market trends shaping the Microsurgical Instruments Market according to our research experts:
Plastic & Reconstructive Microsurgery is Expected to Hold Significant Market Share in the Microsurgical Instruments Market Over Forecast Period
The plastic and reconstructive microsurgery segment is expected to hold the largest share in this market segment, owing to the factors such as the growing demand for reconstructive and plastic surgery due to the rise in the aesthetics industry and greater self-awareness among people about their looks. For instance, in April 2022, the Aesthetic Society released its annual Aesthetic Plastic Surgery Statistics, which stated that surgical procedures increased by 54% and non-surgical procedures were up by 44%. The average plastic surgeon performed 320 surgical procedures, and the cost of a surgical procedure increased by 6% non-surgical procedures increased by 1% in 2021. Further, it stated that women accounted for approximately 94% of all procedures, with 365,000 breast augmentations performed in 2021. Hence, the high number of plastic and reconstructive surgeries being performed worldwide is expected to boost the segment's growth.
Additionally, technological advancement in the microsurgery instruments by the players in the market, along with other business expansion initiatives such as product launches, mergers, acquisitions, and collaboration, among others, are further expected to augment growth in the plastic and reconstructive microsurgery segment over the forecast period. For instance, in September 2022, Medical Microinstruments launched its new super micro NanoWrist instruments, which access and suture small and delicate veins for its Symani surgical robot.
Therefore, due to the above-mentioned factors, the plastic and reconstructive microsurgery segment is expected to have a significant market share over the forecast period.
North America Region is Expected to Hold Significant Market Share in the Microsurgical Instruments Market Over Forecast Period
North America region is expected to hold a significant share in the microsurgical instruments market over the forecast period due to factors such as the rising prevalence of chronic disorders such as orthopedic disorders, and neurological disorders, the increasing geriatric population, and growing demand for plastic and reconstructive surgeries in the region. For instance, as per the June 2021 report of the Canadian Institute of Health Information, 63,496 hip replacements and 75,073 knee replacements were performed from 2019 to 2020 in Canada, and there was an average increase of about 5% in recent years in the knee and hip replacement procedures in the country. Also, as per the 2020 report of the International Society for Aesthetic Plastic Surgery (ISAPS) published in December 2021, the United States and Mexico were the top ten destinations with the highest number of cosmetic surgeries and hence, the demand for microsurgical instruments is expected to be high in the North America region over the forecast period.
Furthermore, the company activities such as product launches, mergers and acquisitions, and collaboration to acquire a more significant market in the region are further expected to have a significant impact on the market. For instance, in February 2022, Swedish medical device company Stille AB signed an exclusive distribution agreement with Synovis Micro Companies Alliance, Inc, as its exclusive distributor of surgical instruments in the United States.
Therefore, due to the above-mentioned factors, the North American region is expected to hold a significant market share in the microsurgery instruments market during the forecast period.
Microsurgical Instruments Industry Overview
The microsurgical instruments market is moderately competitive and consists of a few major players. In terms of market share, a few of the major players are currently dominating the market. And some prominent players are vigorously making acquisitions and new product launches with other companies to consolidate their market positions across the globe. Some of the key players are Olympus Corporation, KLS Martin Group, Global Surgical Corporation, ZEISS International, and Karl Kaps GmbH & Co., among others.
Microsurgical Instruments Market Leaders
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Olympus Corporation
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KLS Martin Group
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Global Surgical Corporation
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Karl Kaps GmbH & Co.
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ZEISS International
*Disclaimer: Major Players sorted in no particular order
Microsurgical Instruments Market News
- May 2022: Medical Microinstruments (MMI) launched a Symani Surgical System Simulator developed by VirtaMed, which will improve, expand, and digitize the pathways for Symani training as surgeons prepare to expand their microsurgical skills through robotics.
- March 2022: Zeiss Medical Technology launched a device, Intrabeam 600 device, to treat breast cancer in India. The device offers the least disruptive treatment method available to patients diagnosed with early-stage breast cancer.
Microsurgical Instruments Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Microsurgery Advantage Over Conventional Surgery
- 4.2.2 Increasing Number of Surgeries and Rising Incidence of Lifestyle and Chronic Diseases
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4.3 Market Restraints
- 4.3.1 High Price of Advanced Surgery
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4.4 Porter Five Forces
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Product
- 5.1.1 Micro Sutures
- 5.1.2 Micro Forceps
- 5.1.3 Operating Microscope
- 5.1.4 Micro Scissors
- 5.1.5 Micro Surgery Needle Holder
- 5.1.6 Other Instruments
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5.2 By Microsurgery Type
- 5.2.1 Orthopedic Microsurgery
- 5.2.2 Ophthalmic Microsurgery
- 5.2.3 Plastic & Reconstructive Microsurgery
- 5.2.4 ENT Microsurgery
- 5.2.5 Neurological Microsurgery
- 5.2.6 Gynecological & Urological Microsurgery
- 5.2.7 Other Microsurgery Type
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5.3 By End User
- 5.3.1 Hospitals
- 5.3.2 Ambulatory Surgical Centers
- 5.3.3 Others
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Olympus Corporation
- 6.1.2 ZEISS International
- 6.1.3 Karl Kaps GmbH
- 6.1.4 KLS Martin Group
- 6.1.5 Microsurgery Instruments Inc
- 6.1.6 B. Braun Melsungen AG
- 6.1.7 Haag-Streit Surgical
- 6.1.8 Global Surgical Corporation
- 6.1.9 Beaver-Visitec International, Inc. (BVI)
- 6.1.10 Stille AB
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityMicrosurgical Instruments Industry Segmentation
As per the scope of the report, microsurgery is the practice of minimally-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 ambulatory centers, hospital settings, and others. The Microsurgical Instruments Market is segmented by Product (Micro Sutures, Micro Forceps, Operating Microscopes, Micro Scissors, Micro Surgery Needle Holder, and Other Instruments), Microsurgery Type (Orthopedic Microsurgery, Ophthalmic Microsurgery, Plastic & Reconstructive Microsurgery, ENT Microsurgery, Neurological Microsurgery, Gynecological & Urological Microsurgery, and Other Microsurgery Type), End User (Hospitals, Ambulatory Surgical Centers and Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| 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 Type | ||
| By End User | Hospitals | |
| Ambulatory Surgical Centers | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Microsurgical Instruments Market Research FAQs
What is the current Global Microsurgical Instruments Market size?
The Global Microsurgical Instruments Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Global Microsurgical Instruments Market?
Olympus Corporation, KLS Martin Group, Global Surgical Corporation, Karl Kaps GmbH & Co. and ZEISS International are the major companies operating in the Global Microsurgical Instruments Market.
Which is the fastest growing region in Global Microsurgical Instruments Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Microsurgical Instruments Market?
In 2024, the North America accounts for the largest market share in Global Microsurgical Instruments Market.
What years does this Global Microsurgical Instruments Market cover?
The report covers the Global Microsurgical Instruments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Microsurgical Instruments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Microsurgical Instruments Industry Report
Statistics for the 2024 Microsurgical Instruments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Microsurgical Instruments analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
