Surgical Microscopes Market – Industry Trends and Forecast to 2026 with key market like ARRI Medical GmbH, HAAG-STREIT GROUP, Danaher, TAKAGI SEIKO CO.LTD., Global Surgical Corporation, Olympus Corporation, ACCU-SCOPE, TOPCON CORPORATION
Surgical Microscopes Market By Type (On Casters, Wall Mounted, Table Top, Ceiling Mounted), Price Range (Low-Range, Mid-Range, Premium-Range), Application (Neuro and Spine Surgery, Plastic and Reconstructive Surgery, Ophthalmology, Gynecology and Urology, Oncology, Ear, Nose, and Throat (ENT) Surgery, Dentistry, Documentation), End User (Hospitals, Outpatient Facilities, Ambulatory Centers, Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Surgical Microscopes Market
Global Surgical Microscopes Market is registering a healthy CAGR of 11.80% in the forecast period of 2021-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed to the surging prevalence of chronic diseases and adoption of microsurgeries or minimally invasive surgeries.
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Market Definition: Global Surgical Microscopes Market
Surgical microscopes are devices that have various applications in micro-surgeries. The device gives clear view of small and inaccessible parts of the body during surgeries. It provides magnification which usually ranges from 4X to 40X. These are mainly used by surgeons in hospitals, clinics and ambulatory centers. Surgical microscope has a mixture of lenses that offers magnification, stereoscopic vision and illuminated picture of the surgical place. These microscopes have broad application in ophthalmology, gynecology, urology, dentistry and reconstructive surgeries.
Market Drivers
The rise in the elderly and obese population globally is driving the growth of the market
The life science sector has gone under various research and development activities which has propelled the market growth
In developing economies the healthcare infrastructure is improving which is boosting the market growth
Minimally invasive surgeries demand has increased which has fueled the market growth
Market Restraints
The use of refurbished equipment has hindered the market growth
In developing countries the price are pretty high which hampers the market growth
Heavy custom duty on medical devices act as a restraint to the market growth
Segmentation: Global Surgical Microscopes Market
By Type
· On Casters
· Wall Mounted
· Table Top
· Ceiling Mounted
By Price Range
· Low-Range
· Mid-Range
· Premium-Range
By Application
· Neuro and Spine Surgery
· Plastic and Reconstructive Surgery
· Ophthalmology
· Gynecology and Urology
· Oncology
· Ear, Nose, and Throat (ENT) Surgery
· Dentistry
· Documentation
By End User
· Hospitals
· Outpatient Facilities
· Ambulatory Centers
· Clinics
· Others
By Geography
· North America
· U.S.
· Canada
· Mexico
· Europe
· Germany
· Italy
· U.K.
· France
· Spain
· Netherlands
· Belgium
· Switzerland
· Turkey
· Russia
· Rest of Europe
· Asia-Pacific
· Japan
· China
· India
· South Korea
· Australia
· Singapore
· Malaysia
· Thailand
· Indonesia
· Philippines
· Rest of Asia-Pacific
· South America
· Brazil
· Rest of South America
· Middle East and Africa
· South Africa
· Rest of Middle East & Africa
Key Developments in the Market:
In September 2018, INSPECTIS AB had launched U30 series digital microscopes. It provides 4K Ultra HD Digital Microscope which will provide extra clarity which is needed at the time of surgery by the surgeons to ensure the accuracy. This product launch has expanded the product portfolio of the company as well as it is very cost effective and reliable
In September 2017, Olympus Corporation had launched ORBEYE Surgical Microscope having 4K 3D Capabilities. It will support the surgery by providing high resolution digital images. This technology was developed by the company Sony Olympus Medical Solutions Inc., as a part of joint venture between both the companies (Olympus Corporation and Sony Imaging Products & Solutions Inc). This product launch will expand the product portfolio of both the companies and will expand its customer’s base as well.
Competitive Analysis:
Global Surgical Microscopes Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Surgical Microscopes Market t for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major market competitors currently working in the global surgical microscopes market are Medtronic, ARRI Medical GmbH, HAAG-STREIT GROUP, Danaher, TAKAGI SEIKO CO.LTD., Global Surgical Corporation, Olympus Corporation, ACCU-SCOPE, TOPCON CORPORATION, Karl Kaps GmbH & Co. KG, Carl Zeiss AG, Leica Microsystems, Alcon Management S. A., Novartis AG, ARI Medical Technology Co. Ltd. - ARI Medical Equipment Co. Ltd., Seiler Instrument Inc., Prescott’s Inc., Inami & CO. Ltd, ATMOS MedizinTechnik GmbH & Co. KG, DrsToyStore.com, KWIPPED, Inc. and Avante among others.
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Reasons for Buying this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
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