Microsurgical Instruments Market Research Report

Published Date: 2022-07-25
Microsurgical instruments are medical instruments used in microsurgery. Mainly include operating microscopes, microdissection tools, micro forceps, micro forceps and micro hemostatic clips, sutures and microvascular staplers, etc., and are now widely used in ophthalmology, otolaryngology, plastic surgery, orthopedics, cardiovascular , neurosurgery and other departments, with very good market prospects.

Development Opportunities and Main Driving Factors of Microsurgical Instrument Industry

1. Wide application field
Microsurgical instruments have a very wide range of applications. At present, microsurgical instruments have been widely used in ophthalmology, ENT, plastic surgery, orthopedics, cardiovascular, neurosurgery and other departments, and these departments are popular departments, and the market prospects are very promising.

2. Large alternative space
Traditional open surgical procedures are more traumatic and risky to patients. With the advancement of technology in the fields of machinery, electronics, information, etc., surgery is gradually developing towards a minimally invasive approach with less trauma, less pain and faster recovery. Microsurgery is a minimally invasive form of surgery with the least trauma. The surgical incision is reduced to the millimeter level. Microsurgery is a great alternative to traditional surgery in many fields.

3. The number of people receiving treatment is on the rise
Due to the shortcomings and limitations of traditional surgical procedures, a considerable number of patients do not receive surgical treatment at this stage. With the advancement of technology and the development of microsurgical instruments, these untreated patients will tend to take the initiative to receive microsurgery treatment, triggering huge market demand.

4. The prevalence of chronic diseases and population aging
The aging of the population and the prevalence of chronic diseases caused by the prevailing unhealthy lifestyle at this stage have increased the number of patients in various departments, resulting in a large demand for microsurgery.

Risks facing the development of the microsurgical instrument industry

1. High cost of surgery
Microsurgery has many advantages that traditional surgery does not have, but many of these advantages also result in high surgical costs. The high price hinders the rapid growth of the market size to a certain extent.

2. Intense technology competition
Due to the delicate operation, microsurgery has extremely high requirements on the quality, precision and convenience of operation of surgical instruments. Therefore, it has high requirements for product design and development capabilities, equipment processing accuracy, process stability, and the experience level of skilled workers. requirements. At the same time, due to the high requirements of technology, it also leads to difficulties in large-scale production, which restricts the development of the market.

3. The backward economy and technology of developing countries
Due to the low economic level and backward technology in developing countries, the field of microsurgical instruments started late, and the domestic market is basically monopolized by imported products. This not only brings development opportunities to enterprises in developing countries, but also brings huge competitive pressure to them.

4. Strict industry regulations
In order to ensure the safety and effectiveness of medical devices, various countries and regions have formulated strict medical device market access systems and related regulatory systems.

The status quo of the market size of microsurgical instruments

The global microsurgical instruments market size reached USD 2,197.52 million in 2021 and is expected to reach USD 3,387.11 million in 2028, growing at a compound annual growth rate (CAGR) of 6.38%.

From a regional perspective, the Chinese market has changed rapidly in the past few years. In 2021, the market size will be 311.88 million US dollars, accounting for about 14.19% of the global market. It is expected to reach 502.9 million US dollars in 2028, when the global proportion will reach 14.85% .

In terms of products, it mainly includes surgical microscopes, microdissection tools, microscopic forceps, microscopic forceps and microscopic hemostatic clips, sutures, and microvascular staplers. Operating microscopes account for the largest share, with a global market share of about 26.11% in 2021.

From the perspective of product market applications, including general surgery, orthopedics, ophthalmology, ENT, neurosurgery, plastic surgery, etc. General surgery accounted for the largest proportion, with a global market share of about 24.67% in 2021. Plastic surgery will have a high growth trend in the future.

At present, major global companies include Braun, Zeiss, Baxter, Bidey, Danaher, etc. The share of major companies will exceed 45% in 2021. It is expected that the industry competition will be more intense in the next few years, especially in the Chinese market.