Surgical Microscopes Market To Exhibit Growth On Account Of Rising Occurrence Of Neurological And Cardiovascular Diseases Till 2025: Grand View Research, Inc.

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According to new report published by Grand View Research, the global surgical microscopes market size is expected to reach USD 1.4 billion by 2025. Rapid development in healthcare infrastructure in emerging economies can create positive outlook for the market.

According to a report published by Grand View Research, Inc.; the global surgical microscopes market is expected to attain around USD 1.4 billion by 2025. Rising occurrence of neurological, ophthalmic, gynecological, and dental disorders and cancer and cardiovascular diseases can propel the market over the forecast period (2018 to 2025). Additionally, rapid development in healthcare infrastructure in emerging economies can create positive outlook for the market.

Surgical microscopes play a crucial role in microsurgery set-ups by providing improved visualization. Microsurgeries reduce trauma and result in faster recovery as compared to invasive surgeries. In 2005, the number of minimally invasive surgeries was estimated to be approximately 669.5 thousand. In 2014, it was around 805.0 thousand, says the Ethicon’s Annual Report. High adoption of minimally invasive procedures is expected to grow significantly in the forthcoming years. This factor is anticipated to drive the market for surgical microscopes.

According to the World Health Organization (WHO), around 13.0% deaths around the world are caused due to cancer. Rising demand for microsurgeries for the treatment of cancer can boost the surgical microscopes market in near future. Increasing awareness regarding the benefits of minimally invasive procedures is anticipated to propel the market growth. Development of equipment in terms accuracy, transportability, and cost-effectiveness to improve imaginative degrees has create positive outlook for the market.

Full Research Report On Surgical Microscopes Market Analysis:

U.S. surgical microscope market size, by type, 2012 – 2025 (USD Million)

Mechanical advancements such as red reflex edification and wide edge structure are also anticipated to aid market growth over the forecast period. Enhancements in expansion microscopy (ExM) allows the operators to work with greater accuracy. This factor is also expected to impel demand for surgical microscope in near future. Integration of innovative and futuristic technologies such as intraoperative imaging, video imaging, and intelligence and navigation technologies are also expected to create business opportunities in near future.

The worldwide surgical microscopes market can be segmented on the basis of type, application, end-use, and regions. Based on type, the market can be segregated into wall mounted, ceiling mounted, on casters, and tabletop. The on caster segment is projected to expand at a steady CAGR of around 12.3% during the forecast period. The ability to provide flexibility, portability, and easy maintenance are some of the major driving factors for the segment.

As per application, the market for surgical microscopes can be categorized into neurosurgery and spine surgery, ear-nose-throat (ENT) surgery, urology, oncology, dentistry, gynecology, plastic and reconstructive surgeries, ophthalmology, and others. On the basis of end-use, the market can be classified into, physician or dentist clinics, hospitals, and other outpatient settings. The physician/dentists independent clinics segment is anticipated to expand at a CAGR of over 12.4% during the forecast period.

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Global surgical microscopes market share by application, 2016 (%)

Geographically, the market can be divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. In 2016, North America held the largest market share of around 39.2% in terms of volume. Prevalence of chronic diseases is considerably higher in this region compared to the global average. This factor is anticipated to drive the regional market growth over the forecast period. Additionally, availability of well-organized healthcare infrastructure, better reimbursement policies and medical treatments can further boost the expansion.

The Asia Pacific surgical microscopes market is likely to showcase rapid growth over the forecast period. This growth can be attributed to high prevalence of chronic diseases, supportive government policies for the enhancement of healthcare system, and improving regional economy. Additionally, improving healthcare expenditure and rising awareness regarding healthcare insurance are some of the crucial driving factors for the regional market.

Prominent players operating in the market for surgical microscopes include Topcon Corporation, Inc.; Leica Microsystems; Seiler Precision Microscopes; Carl Zeiss; and Seiler Precision Microscopes. The market is oligopolistic in nature, thus, it is dominated by very few major companies. Most market participants are placing emphasis on development of technologically advanced equipment with better efficiency and accuracy. Market players are adopting strategies like discount offers and affordable service contracts to mark their presence in the market on global scale.

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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