Surgical Microscopes Market Thriving on Minimal Invasive Surgery Trend
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
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 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 gynaecological, dental, ophthalmic, and neurological disorders which will supplement exuberant demands in the global surgical microscopes market.
Surgical Microscopes Market Trends
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 are booming
owing to the increasing popularity of premium-priced treatments in both the
emerging and developed economies.
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 allows the surgeon to conduct a comfortable surgery.
Surgical Microscopes Market: Competitive Landscape
Some of the key players mentioned in the report that are 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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