Worldwide Surgical Microscope Market is estimated to accumulate over US $1,740.4 million by the year 2026, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2017-2026.
As per the recent findings of the WHO (World Health Organization), cancer is turning out to be the prime cause of death across the globe. Therefore, there is substantial demand for surgical microscopes worldwide for enhancing diagnostic efficiency and determine the disease prognosis. Rise in the number of surgeries, customized microscopy solutions, augmented healthcare facilities, and technological enhancements are the leading factors impelling market growth, as per the study.
Furthermore, the growing geriatric population, higher adoption of minimally invasive ENT surgeries, increasing outpatient facilities, higher per capita healthcare spending, and better reimbursement policies for ENT surgeries are also likely to bolster the growth of the global surgical microscope market over the forecast timeline.
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Several vital aspects including rise in population, expansion of healthcare infrastructure, and favorable medical reimbursement programs have resulted in the higher adoption of surgical microscopes. Their adoption in the ENT (ear, nose & throat) application has augmented on account of increasing incidences of chronic sinusitis, rise in geriatric population, execution of favorable reimbursement policies for the ENT surgeries, and rising preference for minimally invasive surgeries.
Also, technological enhancements in surgical microscopes, like integrating video intelligence, intraoperative imaging, and navigation technologies are said to help surgeons in making better decisions at the POC (point-of-care) centers and provide patients with the best possible outcomes.
In terms of product spectrum, the global surgical microscope market is fragmented into ophthalmic microscopes, colposcopy, and ENT microscopes. The surgical microscopes find extensive application in neuro & spine surgeries, plastic & reconstructive surgeries, dentistry, ENT surgeries, gynecology, ophthalmology, oncology, urology, and other surgeries.
Ophthalmic microscopes are in high demand, as these enable surgeons to perform complicated surgeries precisely, as well as visualize the anatomy of small cavities. The ophthalmic microscope segment dominated the global market in the year 2017. Rising occurrence of eyesight & vision disorders has triggered the worldwide use of ophthalmic microscopes.
The latest study claims that the dentistry application segment would grow significantly in the coming years, especially in the emerging regions of the world, owing to the surging number of outpatient facilities and burgeoning per capita healthcare spending.
The neurosurgery & spine surgery application segment is likely to expand with the growing research & development activities associated with tissue clearing, and targeted cell labelling for the brain functions.
Speaking of the end-user landscape, the global market is divided into hospitals, outpatient settings, and ambulatory surgical centers. As per the regional scenario, North America bagged the majority share in the global surgical microscope market in 2017. The governments of different nations are investing heavily on research & development activities for supporting medical advancements.
The report further cites that in recent years the healthcare sector in many developing countries has witnessed immense development. Developing economies like China and India have augmented their spending on healthcare facilities, which is in fact a positive market driver.
The leading surgical microscope market players enumerated in the report include Carl Zeiss AG, Topcon Corporation, Alcon Laboratories Inc., Leica Microsystems, Accu-scope Inc., Takagi Corporation, Alltion (Wuzhou) Co. Ltd., Seiler Precision Microscopes, Haag-Streit Surgical, Prescott’s Inc., Olympus Corporation, Labomed Microscopes, Danaher Corporation, and Novartis AG. These players are adopting strategies like business and capacity expansion, partnerships, mergers & acquisitions, application and product development for enhancing their presence in the global market.