Microsurgical Instruments Market Size will Reach USD 2.99 Billion by 2030
The global microsurgical instruments market size is expected to reach USD 2.99 Billion in 2030 and register a revenue CAGR of 5.2% over the forecast period, according to the latest report by Reports and Data. Increasing prevalence of chronic diseases, lifestyle disorders, and cancer, and expanding application areas of surgical/operating microscopes during microsurgery are major factors driving revenue growth of the market. However, reimbursement challenges in the medical device industry is a major factor, which could restrain revenue growth of the market. Cataract surgery is the most frequently performed surgical procedure in many developed countries, providing significant, long-term, and cost-effective improvements in the quality of life for patients of all ages. The World Health Organization (WHO) has set a cataract surgery rate of 3,000 per million people per year as the minimum necessary to eliminate cataract blindness. This rate is greatly exceeded in many developed c...