Newark, NJ, Feb. 18, 2020 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the global surgical microscopes market is expected to grow from USD 590.51 million in 2017 to USD 1780.71 million by 2025 at a CAGR of 14.74% during the forecast period from 2018-2025.
Advancement in the surgical microscopes pave the way to enhance the resolution, allows for more exact localization of surgical targets, and integrate patient data with intraoperative images. By integrating intelligence, video, intraoperative-imaging, and navigation technologies, today’s surgical microscopes provide surgeons with insights to improve their decision-making at the point of care and provide patients with the best possible outcomes. High-end surgical microscopes comes with high-tech innovations. These offered features such as intraoperative fluorescence, enhanced illumination, computer-assisted guidance, optical coherence tomography (OCT), high-definition video recording, and touchscreen control.
A surgical microscope can be mechanically or electrically operated. It is designed specifically to perform microsurgeries in a surgical setting. It provides magnification, illuminated image, and stereoscopic vision of the surgical area. Surgical microscopes offer a strain-free procedure to surgeons. They can be easily sterilize or disinfect to avoid cross infection. These can be placed on a surface such as a table top, mounted on a stand, or worn by the surgeon on the head. It allows clinicians to gain a better view of the target site.
Global surgical microscopes market is expected to witness rapid growth over the forecast period, owing to increasing prevalence of chronic diseases and rising adoption of microsurgeries or minimally invasive surgeries. In addition to this, growth in health care infrastructure is also boosting the growth of the market. However, high cost of equipment in emerging economies may restrict the growth of the market. On the flip side, research and development activities across the globe to support and facilitate medical advancements, further offering the growth opportunities for the vendors in the upcoming years.
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Key players operating in the global surgical microscopes market include Haag-Streit Surgical GmbH, Novartis AG, Topcon, Carl Zeiss Ag, Danaher, Takagi Seiko Co Ltd., Global Surgical Corporation, Alltion (Wuzhou) Co. Ltd., ARI Medical Technologies Co. Ltd., Leica Microsystems, Olympus Corporation, and Seiler Instrument Inc., among others. To enhance their market position in the global surgical microscopes market, the key players are now focusing on adopting the strategies such as recent developments, mergers & acquisitions, product innovation, joint venture, collaborations, and partnership. Expansion strategies and extensive product portfolio by major players are contributing for the growth of the sector.
- For instance, in May, 2018, Leica Microsystems, which is a global leader in precision microscopy, digital micro-imaging solutions, and electron microscopy (EM) sample preparation, expended its market representation in the southern region of the United States.
- In September 2017, Olympus Corporation announced the launch of its ORBEYE Surgical Microscope, incorporating the latest advances in 4K 3D video technology, in Japan and America.
- In August 2017, Danaher‘s announced that FDA approved Danaher’s FL560 cerebrovascular fluorescence microscope filter, designed for visualizing cerebrovascular blood flow when used in conjunction with dye fluorescein.
- In January 2015, Carl Zeiss AG, announced the introduction of new ZEISS integrated intraoperative OCT, which provides surgeons unprecedented views of transparent ocular structures in a surgical microscope.
The on casters microscope segment held a significant market share and is anticipated to register a CAGR of 16.24% over the forecast period
The type segment is divided into wall mounted, table top, on casters, and ceiling mounted. The on casters microscope segment held a significant market share and is anticipated to register a CAGR of 16.24% over the forecast period. Portability and better maintenance capability of these devices are the major factors governing their growth.
Neuro and spine surgery held the largest market share and valued around USD 236.27 million in 2017
The application segment is classified into plastic and reconstructive surgery, neuro and spine surgery, gynaecology and urology, ophthalmology, oncology, dentistry, ENT surgery, and documentation. Neuro and spine surgery held the largest market share and was valued around USD 236.27 million in 2017. Increasing demand for operating/surgical microscopes in neurosurgery is driving the growth of the market.
Hospitals are estimated to account for the largest share and was valued around USD 348.14 million in 2017
End user segment is categorised into outpatient facilities and hospitals. Hospitals are estimated to account for the largest share and was valued around USD 348.14 million in 2017. Growing usage of surgical/operating microscopes in ENT, dental procedures, complex neurology, and implementation of less-invasive surgical instruments during MIS procedures in hospitals are major factors attributing to the growth of the segment.
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Regional Segment Analysis of the Surgical Microscopes Market
- North America (U.S. , Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of the Europe)
- Asia-Pacific (China, Japan India, Rest of APAC)
- South America (Brazil and Rest of South America)
- Middle East and Africa (UAE, South Africa, Rest of MEA)
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the market and was valued around USD 289.17 Million in 2017. North America possesses huge market growth potential due to presence of healthcare facilities and reimbursement facility over medical treatments. Moreover, prevalence of chronic disorders, is further boosting the growth of market. These factors are contributing to market growth. Asia Pacific is expected to witness the fastest growth over the forecast period. The favourable government policies to improve healthcare infrastructure and economic developments in the region are governing factors for the growth.
About the report:
The global surgical microscopes market is analysed on the basis of value (USD Million). All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution and marketing channels analysis.
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