The global Surgical Microscopes System Market is expected to reach USD 2.00 Billion by 2027, according to a new report by Reports and Data. Growing demand for surgeries across the globe is expected to drive the market demand for surgical microscopes. Surgery, a basic component of health care systems, is used in treating a wide range of diseases to improve human health. Surgeries are necessary for everyone ranging from infants with congenital abnormalities to the aged with cataracts. Often, it is an element of curative care like cancer, along with the treatment of chronic diseases, including osteoarthritis.
One of the important elements impacting the market growth is the increase in the elderly population. The percentage of people over 65 years old in the world's population is predicted to increase fivefold between 1950 and 2050, to about 16.0%. Ageing is a serious concern for society, according to projections from the World Health Organization (WHO), United Nations (UN), and EU commission, which calls for focused efforts to satisfy the needs of the aged.
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Further key findings from the report suggest
- By product type, on-casters contributed to the largest market share in 2019 and is estimated to grow at a rate of 9.9% in the forecast period. On-casters surgical microscopes are floor-mounted devices possessing retractable casters with wheels. The caster is meant to offer complete equilibrium, permitting the free movement of the microscope. In clinical settings with distant walls or high ceilings, the on-caster type is preferable.
- By application, ophthalmology held the second-largest market share in 2019 and is expected to grow at a rate of 9.8% in the period 2019-2027. The human eye is a very delicate organ, and therefore performing ophthalmic surgery demands the ability to observe surgical progress on a micro-level. Ophthalmic surgical microscopes are intended to provide high contrast and comprehensive imaging of all areas of the human eye. It can either be adjustable or fixed, and specific models give a secondary observer set of binoculars, few of which can autonomously regulate the focusing mechanism.
- By end-users, hospitals dominated the market in 2019 and are expected to grow at a rate of 10.1% in the forecast period. The factors including well-resourced operating rooms, higher purchasing power, the existence of highly skilled healthcare professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
- The market in the Asia Pacific region is likely to witness the highest growth rate of 11.5% in the period 2020-2027. The high growth of the APAC region is owing to the increasing demand for the surgical microscopes in emerging economies, such as China and India, owing to a rise in the level of disposable income, increasing target conditions, and rising healthcare standards, among others.
Competitive Outlook of the Global Surgical Microscopes Market
The globla Surgical Microscopes market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Surgical Microscopes market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.
Top Companies Profiled in the Report:
Alcon, Topcon Corporation, Seiler Instrument Inc., Carl Zeiss Meditec AG, Leica Microsystems, ARI Medical Technology Co. Ltd., Takagi Seiko Co. Ltd., Synaptive Medical, Olympus Corporation, and Metall Zug Group.
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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.
Surgical Microscopes Market Segmentation:
Product Type Outlook (Revenue, USD Million; 2017-2027)
- Wall Mounted
- On-Casters
- Table Top
- Ceiling Mounted
Application Outlook (Revenue, USD Million; 2017-2027)
- Neurosurgery Spine Surgery
- Ophthalmology
- ENT Surgery
- Dentistry
- Plastic Reconstructive Surgery
- Gynecology
- Urology
- Others
End-Users Outlook (Revenue, USD Million; 2017-2027)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Geographic Segment Covered in the Report:
The Surgical Microscopes report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
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