POSTERIOR MICROSURGICAL INSTRUMENTS MARKET ANALYSIS

Posterior Microsurgical Instruments MarketSize and Trends

North America region is expected to dominate the global posterior microsurgical instruments market due to adoption of inorganic growth strategies by key players such as agreements in the U.S. For instance, in April 2017, 7D Surgical System, entered into exclusive sales representative agreements with two premier American medical device distributors, Surgical One and DB Surgical, for Machine-Vision Image Guided Surgery (MvIGS) technology. This new MvIGS platform can achieve fast surgical workflow for spine procedures.

Asia Pacific region is expected to witness significant growth in posterior microsurgical instruments market due to rapidly growing healthcare sector and less cost of surgeries. For instance, according to data published by India Brand Equity Foundation (IBEF), in September 2018, the cost of surgery in India is about one-tenth of that in the US or Western Europe and healthcare has become one of India’s largest sectors both in terms of revenue and employment.

Furthermore, According to report published by IBEF 2017, government announced to open three medical devices parks including, The 200 acre park being established in India. Such advancements in healthcare infrastructure will provide opportunities for adoption of various surgical tools including posterior microsurgical instruments, in turn propelling growth of the market.