Demand for minimal invasive surgery (MIS) and microsurgeries is growing at an exponential rate. Such snowballing demand is creating opportunities for medical devices that play a critical role in surgical procedures. One such essential device used for surgical processes is the surgical microscope. As per the findings of a newly released business publication by IndustryARC, the global surgical microscopes market size stood at $570 million as of 2018. Additionally, shedding lights on current medical trends, the publication projects the revenue avenues in the global surgical microscope market to grow at a compound annual growth rate (CAGR) of 11.35% during the forecast period of 2019 to 2025. The urgency of minimum trauma, better visualization, and speedy recovery of the patient is supporting the growth of technically advanced surgical microscopes.
This is well-documented in the surgical microscopes market research report prepared by IndustryARC’s analyst. The report is titled “Surgical Microscopes Market: By Mounting (Caster, Wall, Table-Top, Ceiling); Specifications (Magnification Range, Camera, Illumination, Imaging, Others); Application (Dentistry, Plastic Surgery, Neurosurgery, Others); End-User (Hospital, Clinic, Research) & Geography – Forecast (2019 – 2025).” This report is comprised of trends, growth drivers, financial overview, business strategies, and recent developments in the global surgical microscopes market. It also offers insights on opportunities and trends that are poised to disrupt the surgical microscopes market.
Global Surgical Microscopes Market: Leading Segments
Oncology over other medical segments is the most profitable application for the players operating in the surgical microscopes marketplace. The IndustryARC report projects the opportunities in this segment to increase at a CAGR of 9.20% through the forecast period of 2019 to 2025. Mounting chronic disease incidents and skyrocketing technical advancement and investments in the medical field is presumed as the major factor for the growth of the application in the surgical microscopes market.
North America is the ruling region in the global surgical microscopes market, sustaining the regional share of 41% as of 2018. The subjected market is growing in the region owing to the growing decrepit population in the continent. With a growing decrepit population, the instances of cancer and other chronological diseases will also prevail, further shooting the demand for surgical microscopes.
Global Surgical Microscopes Market Industry Analysis
Surgical microscope, also known as the operating microscope is a device employed for numerous medical procedures such as endodontic retreatment, vascular surgery, ophthalmic surgery, ENT surgery, plastic and reconstructive surgery. According to the American Cancer Society, it is reported that the density of cancer survivor will surpass 20 million in the United States by the year 2026. Swelling oncology instances will flourish the need for consistent diagnosis for the patients, which will further increase the demand for surgical microscopes. Additionally, rising surgical cases and financial assistance abilities from the government will impact the surgical microscope market. Changing lifestyle of people have increased the incidence and prevalence of gynecological, dental, ophthalmic, and neurological disorders which will supplement exuberant demands in the global surgical microscopes market.
Global Surgical Microscopes Market Trends
3D Surgical Microscope: Traditional slides on the microscopes are being replaced by a 3D surgical microscope. It uses mechanic or electric optical magnifying equipment designed to perform microsurgeries. These microscopes have digitalized the slides with high-resolution precision tools. Demand for such microscopes is booming owing to the increasing popularity of premium-priced treatments in both the emerging and developed economies.
Screen Assistance: New age surgical microscopes are equipped with ultra-high definition screens. These screens are capable of displaying affected tissues in dynamic 3D setting via a 4K digital imaging screen. This emerging system is witnessing incrementing demands owing to its extraordinary features that allow the surgeon to conduct a comfortable surgery.
Global Surgical Microscopes Market: Competitive Landscape
Some of the key players mentioned in the report that is currently leading the surgical microscopes market are Carl Zeiss, Leica Microsystems, Allition (Wuzhou), Takagi Corporation, Topcon, Alcon, HAAG-STREIT SURGICAL, Seiler, ACCU-SCOPE, Inc., Olympus Corporation.
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What can you expect from the report?
The Surgical Microscopes Market is Prepared with the Main Agenda to Cover the following 20 points:
1. Surgical Microscopes Market Size by Product Categories & Application
2. Surgical Microscopes Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. Surgical Microscopes Market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. Surgical Microscopes Market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. Surgical Microscopes Market Strategic Analysis
18. Surgical Microscopes Market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. Surgical Microscopes Market Revenue and Volume Analysis
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