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Market Research Future (MRFR) predicts the growth of the global Microsurgery Market to be healthy at a CAGR of 6.70% over the forecast period of 2020-2028. The global microsurgery market stood at USD 1821.6 Mn in 2017 and is expected to catapult to USD 2688 Mn by the end of 2028.

The global microsurgery market derives much of its growth from factors such growing prevalence of arthritis and cataract which require microsurgery for treatment. Also, medical conditions such as periodontal diseases and dental caries also are treated with microsurgery. Expanding global geriatric population also add to the growth of the market. The aged populace is more prone to acquiring various diseases and require surgical treatment for the same. Microsurgery is generally the preferred mode of surgery for old patients since they do not exert much pressure, old patients. The rising popularity of cosmetic surgical procedures also induces high demand for microsurgery resulting in noteworthy expansion of the global microsurgery market. Other boosting factors include higher inclination towards minimally invasive procedures, high investment in healthcare purveyed by growing disposable income. Technological advancement in the field of microsurgery due to rigorous R&D activities also create lucrative opportunities for the growth of the global microsurgery market. On the flip side, the market growth might be impeded by the high cost of microsurgery, and lack of trained healthcare professionals to perform microsurgical procedures.

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The global microsurgery market has been segmented based on procedure, application, equipment, and end user.

By procedure, the global microsurgery market has been segmented into transplantation, replantation, free flap tissue transfer, and vascular anastomoses.  The transplantation segment is the leading the market while the replantation segment is projected to be the fastest growing segment at a CAGR of 7.14% over the forecast period.

By application, the global microsurgery market has been segmented into ophthalmology, plastic surgery, gynecological surgery, neurosurgery, oral and maxillofacial surgery, and others. The general surgery segment is anticipated to be the largest segment while the neurosurgery segment is likely to expand at the fastest rate of 7.2% over the forecast period.

By equipment, the global microsurgery market has been segmented into microscopes, microsurgical instruments, suture materials, and others. The microsurgical instruments segment is expected to be the largest segment. The microscope segment is expected to be the fastest growing segment at a CAGR of 7.21% over the forecast period.

By end user, the global microsurgery market has been segmented into hospitals and clinics, ambulatory surgical centers, and research organizations. The ambulatory surgical centers segment is likely to be the fastest growing segment.

By region, the global microsurgery market has been segmented into the Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). The Americas is leading the global microsurgery market and is likely to expand at a CAGR of 6.71% over the forecast period. Presence of a robust healthcare sector coupled with the growing prevalence of chronic diseases in the region generates high demand for microsurgical procedures such as cataract and arthritis surgery. In addition, the region is a frontrunner in the adoption of advanced healthcare technologies which further boosts the growth of the market.

 Europe microsurgery market is spurred by heightened demand for minimally invasive cosmetic procedures.

 APAC market for microsurgery is likely to exhibit the highest CAGR of 6.91% over the forecast period. Increasing geriatric population who are more susceptible to medical disorders induce high demand for microsurgery in the region. Rising government funding along with rapid technological advancement and high healthcare expenditure boosts the growth of the market.

 The MEA microsurgery market will be driven by expanding healthcare sector and government funding.

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The prominent players in the global microsurgery market include Synovis Micro Companies Alliance, Inc., AROSurgical Instruments, a B. Braun Company, Carl Zeiss Meditec AG, Stryker Corporation, Zimmer Biomet Holdings, Ethicon Inc., Halma Plc, Smith & Nephew, Alcon (Novartis), S&T AG, Aesculap, Inc., Tisurg Medical Instruments Co., Ltd., Microsurgery Instruments, Inc., Peter Lazic GmbH, Microline Surgical, and Medtronic Plc.

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