Market Overview:
The global posterior microsurgical instruments market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of eye disorders and cardiovascular diseases, rising demand for minimally invasive surgeries, and technological advancements in posterior microsurgical instruments. Based on type, the global posterior microsurgical instruments market is segmented into ophthalmic posterior microsurgical instruments, cardiovascular posterior microsurgical instruments, surgical posterior microsurgical instruments, and others. The ophthalmic segment is expected to account for the largest share of the global market in 2018 owing to the high prevalence of eye disorders such as cataracts and glaucoma. Based on application, the hospital segment is expected to account for the largest share of the global market in 2018 owing to rising demand for minimally invasive surgeries across hospitals worldwide.However,.
Product Definition:
A posterior microsurgical instrument is a medical tool that is used to perform surgery on the back of the body. These instruments are typically used to remove tumors or other lesions from the spinal cord or other organs in the posterior region of the body.
Ophthalmic Posterior Microsurgical Instruments:
Ophthalmic posterior microsurgical instruments are used for the surgical treatment of glaucoma, cataract and other ocular disorders. The factors that propel the growth of this market include increasing geriatric population base, rising prevalence of eye-related disorders such as glaucoma and cataract coupled with high unmet medical needs in emerging economies. Moreover, growing awareness about eye care among people is also expected to boost demand over the forecast period.
Cardiovascular Posterior Microsurgical Instruments:
The cardiovascular posterior microsurgical instruments are used for the surgical treatment of heart and blood vessels. It is a group of surgical devices that includes microcatheters, stents, balloons or implants designed to treat coronary artery disease, peripheral vascular disease and congenital heart defects. The most commonly used cardiac device is the Microvascular Endothelial Growth Factor (MV-EGF) stent which has been approved by the U.
Application Insights:
Based on application, the global posterior microsurgical instruments market is segmented into hospital, medical research center and others. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as increasing number of surgeries performed and rising prevalence of diseases requiring surgical intervention.
The medical research center segment is expected to witness lucrative growth over the forecast period owing to factors such as an increase in government funding for various medical research studies along with growing initiatives taken by various companies including Posterior Surgical Corporation.
Regional Analysis:
North America dominated the global posterior microsurgical instruments market in 2017. This can be attributed to factors such as increasing prevalence of retinal vein occlusion, diabetic eye diseases, glaucoma and other ophthalmic disorders; rising adoption of advanced surgical technologies; and high healthcare expenditure in this region. Moreover, growing number of research studies conducted to explore the potential benefits associated with PMI is also expected to drive growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as rapidly developing economy coupled with increasing medical tourism due to availability of affordable treatment options in emerging countries like India & China & Singapore & Malaysia etc.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily owing to the benefits offered by these procedures such as shorter hospital stays, reduced pain and blood loss, and faster recovery times as compared to traditional open surgeries. Posterior microsurgical instruments are ideally suited for use in minimally invasive surgeries, thus driving their demand.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and is expected to reach 1.6 billion by 2020. This growing population segment is more susceptible to age-related diseases such as cancer, Alzheimer’s disease, and arthritis which require surgical intervention. Posterior microsurgical instruments offer an effective solution for these procedures, thereby driving their demand in the market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Posterior Microsurgical Instruments Market Research Report
By Type
Ophthalmic Posterior Microsurgical Instruments, Cardiovascular Posterior Microsurgical Instruments, Surgical Posterior Microsurgical Instruments, Others
By Application
Hospital, Medical Research Center, Others
By Companies
Volk, Ziemer Group, Abbott Laboratories, Carl Zeiss Meditec, Lumenis, Novartis, Katalyst Surgical, Mercian Surgical, Hu-Friedy, Rumex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Posterior Microsurgical Instruments Market Report Segments:
The global Posterior Microsurgical Instruments market is segmented on the basis of:
Types
Ophthalmic Posterior Microsurgical Instruments, Cardiovascular Posterior Microsurgical Instruments, Surgical Posterior Microsurgical Instruments, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Medical Research Center, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Volk
- Ziemer Group
- Abbott Laboratories
- Carl Zeiss Meditec
- Lumenis
- Novartis
- Katalyst Surgical
- Mercian Surgical
- Hu-Friedy
- Rumex
Highlights of The Posterior Microsurgical Instruments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ophthalmic Posterior Microsurgical Instruments
- Cardiovascular Posterior Microsurgical Instruments
- Surgical Posterior Microsurgical Instruments
- Others
- By Application:
- Hospital
- Medical Research Center
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Posterior Microsurgical Instruments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Posterior microsurgical instruments are used to perform surgery through the back or posterior of the body. They include tools such as retractors, clamps, and scissors that allow surgeons to access difficult-to-reach areas.
Some of the major companies in the posterior microsurgical instruments market are Volk, Ziemer Group, Abbott Laboratories, Carl Zeiss Meditec, Lumenis, Novartis, Katalyst Surgical, Mercian Surgical, Hu-Friedy, Rumex.
The posterior microsurgical instruments market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Posterior Microsurgical Instruments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Posterior Microsurgical Instruments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Posterior Microsurgical Instruments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Posterior Microsurgical Instruments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Posterior Microsurgical Instruments Market Size & Forecast, 2018-2028
4.5.1 Posterior Microsurgical Instruments Market Size and Y-o-Y Growth
4.5.2 Posterior Microsurgical Instruments Market Absolute $ Opportunity
Chapter 5 Global Posterior Microsurgical Instruments Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Posterior Microsurgical Instruments Market Size Forecast by Type
5.2.1 Ophthalmic Posterior Microsurgical Instruments
5.2.2 Cardiovascular Posterior Microsurgical Instruments
5.2.3 Surgical Posterior Microsurgical Instruments
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Posterior Microsurgical Instruments Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Posterior Microsurgical Instruments Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Medical Research Center
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Posterior Microsurgical Instruments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Posterior Microsurgical Instruments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Posterior Microsurgical Instruments Analysis and Forecast
9.1 Introduction
9.2 North America Posterior Microsurgical Instruments Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Posterior Microsurgical Instruments Market Size Forecast by Type
9.6.1 Ophthalmic Posterior Microsurgical Instruments
9.6.2 Cardiovascular Posterior Microsurgical Instruments
9.6.3 Surgical Posterior Microsurgical Instruments
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Posterior Microsurgical Instruments Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Medical Research Center
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Posterior Microsurgical Instruments Analysis and Forecast
10.1 Introduction
10.2 Europe Posterior Microsurgical Instruments Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Posterior Microsurgical Instruments Market Size Forecast by Type
10.6.1 Ophthalmic Posterior Microsurgical Instruments
10.6.2 Cardiovascular Posterior Microsurgical Instruments
10.6.3 Surgical Posterior Microsurgical Instruments
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Posterior Microsurgical Instruments Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Medical Research Center
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Posterior Microsurgical Instruments Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Posterior Microsurgical Instruments Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Posterior Microsurgical Instruments Market Size Forecast by Type
11.6.1 Ophthalmic Posterior Microsurgical Instruments
11.6.2 Cardiovascular Posterior Microsurgical Instruments
11.6.3 Surgical Posterior Microsurgical Instruments
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Posterior Microsurgical Instruments Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Medical Research Center
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Posterior Microsurgical Instruments Analysis and Forecast
12.1 Introduction
12.2 Latin America Posterior Microsurgical Instruments Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Posterior Microsurgical Instruments Market Size Forecast by Type
12.6.1 Ophthalmic Posterior Microsurgical Instruments
12.6.2 Cardiovascular Posterior Microsurgical Instruments
12.6.3 Surgical Posterior Microsurgical Instruments
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Posterior Microsurgical Instruments Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Medical Research Center
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Posterior Microsurgical Instruments Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Posterior Microsurgical Instruments Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Posterior Microsurgical Instruments Market Size Forecast by Type
13.6.1 Ophthalmic Posterior Microsurgical Instruments
13.6.2 Cardiovascular Posterior Microsurgical Instruments
13.6.3 Surgical Posterior Microsurgical Instruments
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Posterior Microsurgical Instruments Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Medical Research Center
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Posterior Microsurgical Instruments Market: Competitive Dashboard
14.2 Global Posterior Microsurgical Instruments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Volk
14.3.2 Ziemer Group
14.3.3 Abbott Laboratories
14.3.4 Carl Zeiss Meditec
14.3.5 Lumenis
14.3.6 Novartis
14.3.7 Katalyst Surgical
14.3.8 Mercian Surgical
14.3.9 Hu-Friedy
14.3.10 Rumex
