Surgical microscope Market Size, Future Forecasts, Growth Rate, and Industry Analysis 2017-2026

22/ago/2019 12:25:46 Polaris Market Research Contatta l'autore

New York, NY 22 August 2019: The global  surgical microscopes market  is anticipated to reach over USD 1,740.4 million by 2026. In 2017, the ophthalmic microscopes segment dominated the global market, in terms of revenue. Among regions, North America accounted for the majority share in the global surgical microscopes market.

According to the World Health Organization (WHO), cancer is the leading cause of death around the globe. Thus, there is great demand for surgical microscopy to improve diagnostic efficiency and decide prognosis of a disease. Moreover, increase in the number of surgeries, advancements in healthcare facilities, customized microscopy solutions, and technological advancements are the major factors driving the market growth. Moreover, growth in geriatric population, has risen in adoption of minimally invasive ENT surgeries, and improved reimbursement policies for ENT surgeries further development of the market. Furthermore, there is a surge in the number of outpatient facilities and increased per capita healthcare expenditure of various countries.  

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In 2009, average health spending reached 9.5% of gross domestic product, up from 8.8% in 2008. Healthcare spending has increased by margins greater than gross domestic product. Moreover, the US spent USD 1.9733 trillion for health care expenditures in 2005, which was 15.9% of the gross domestic product (GDP); of which, twenty-nine percent of the expenditures were allocated to surgical revenues. Thus, increase in the population coupled with an expansion of healthcare infrastructure and favorable scenarios for medical reimbursement programs. The adoption of surgical microscopes in ENT application has increased due to rise in prevalence of chronic sinusitis, growth in geriatric population, increase in adoption of minimally invasive surgeries, and implementation of favorable reimbursement policies for ENT surgeries. Technological advancements in surgical microscopes such as integrating intelligence, video, intraoperative-imaging, and navigation technologies, enable surgeons to improve their decision-making at the point-of-care (POC)  centers and provide best possible outcomes to patients.

Surgical microscopes have been widely used in ophthalmology, as these microscopes help surgeons to perform intricate surgeries with precision and visualize the anatomy of small cavities. Increasing incidence of eye and vision disorders has fueled the use of ophthalmic microscopes across the globe.

In addition, the dentistry segment is expected to increase in the number of outpatient facilities and growing per capita healthcare expenditure. Growth in neurosurgery & spine surgery application segments is expected to be driven by research and development activities related to tissue clearing and targeted cell labeling by brain functions.

The governments of various countries have funded research and development activities to support and promote medical advancements. Moreover, the healthcare sector of developing countries has witnessed tremendous development in the recent years. Emerging economies, such as India and China have increased their spending on healthcare facilities, which is a positive indicator for market growth. Thus, market players in the value chain are optimistic about the growth of the surgical microscope market and the emerging economies in the near future.

The key players are the Carl Zeiss AG, Leica Microsystems, Takagi Corporation, Seiler Precision Microscopes, Topcon Corporation, Alltion (Wuzhou) Co. Ltd., Alcon Laboratories, Inc., Haag-Streit Surgical, Olympus Corporation, Accu. scope, Inc., Novartis AG, Danaher Corporation, Labomed Microscopes, and Prescott's Inc. The prominent players operating in the industry have adopted various strategies such as business and capacity expansion, acquisitions, partnerships, mergers, and application & product development.

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