The Global Surgical Microscopes Market was worth USD 514.28 million in 2016 and estimated to be growing at a CAGR of 11.6%, to reach USD 890.26 million by 2021.
Hyderabad, India -- (SBWIRE) -- 03/03/2018 -- Market Data Forecast has announced the addition of the "Surgical Microscopes Market By Application (Ophthalmology, Ear, Nose And Throat Surgery, Neuro And Spine Surgery, Dentistry, Gynecology And Urology, Plastic And Reconstructive Surgery, Oncology And Documentations) And End User (Hospitals And Outpatient Surgical Centres) - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2016–2021)" report to their offering.
Surgical microscopes are a subset of microscopes designed specifically to meet the requirements of a microsurgery. These requirements include the ability to zoom at high multiplicity to be able to focus on the surgical area and stereoscopic vision. In case of mechanically operated microscope hand or foot controls are needed. Surgical microscopes are also called as an operating microscope and they can be controlled either mechanically or electrically.
Surgical microscopes have a wide range of applications which include Ophthalmology, ENT surgeries, Gynaecology, and dentistry.
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Surgical Microscopes Market: Drivers and Challenges
Primary growth factors driving the market value of surgical microscopes are increasing elderly population, growing preference for non-invasive surgeries, growing awareness regarding healthcare, growing research activities and major advancements in medical research.
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High costs, shortage of skilled professionals, and stringent regulations by the government regarding taxes may hinder the market growth.
Major manufacturers of Surgical microscopes market include Accu-Scope, Inc., Novartis AG, Alltion (Wuzhou) Co Ltd., Haag-Streit U.S., Danaher Corporation, Alcon Laboratories, Inc., Olympus Corporation ARRI AG, Leica Microsystem GmbH, Carl Zeiss, Topcon Medical Systems Inc., Global Surgical Corporation, and Takagi Seiko co., Ltd.
North America is holding the largest market share currently for surgical microscope market occupying almost around 38% of the market. Asia-Pacific is expected to witness a high growth rate during the forecast period owing to the rising economies of countries like India and China.
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Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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