Surgical microscope Market to Flourish with an Impressive CAGR During 2021-2028

Surgical microscope also known as operating microscope is an optical medical device that is precisely designed and is used for 3D visualization of an undergoing surgery by the surgeon. It empowers optimal surgical outcomes through supremacy optical images. The design of surgical microscope overtures freedom of movement to the surgeon, while performing critical surgeries. Once the ideal position is established, the operator places the microscope on one of the lower magnifications to locate the working area in its proper angle of orientation. The image is focused and stepped up to higher magnifications if desired. It’s a part of surgical setting that enables staff, patients, and students to have the same view as the surgeon. Surgical microscopes market find applications in numerrrous areas such as dentistry, ENT surgery, ophthalmic surgery, and neurosurgery, among others. The market for surgical microscopes is analyzed to grow at a significant rate owing to rising awareness regarding this technology coupled with the technological advancements in this field. There exist numerous varieties of surgical microscopes as per the required medical applications such as neurosurgery microscopes, ophthalmology/optometry microscopes, spine microscopes, ENT microscopes, and plastic reconstructive surgery microscopes. Surgical microscope market is anticipated to witness a steady growth owing to rising demand for surgeries and increasing technological advancements in the healthcare facilities.

The global surgical microscope market is anticipated to witness a significant growth over the forecast period due to increasing prevalence of chronic disorders including cancer, HIV etc. where surgical intervention is one of the key treatment methods. Also, increasing geriatric population across the globe especially in the developing and rural economies is a key element fueling the growth of the overall global surgical microscopes market. Increasing government funding to enhance and improve the healthcare facilities, need for highly efficient and time saving diagnostics along with rise in drug discovery are some other factors fueling the growth of the global surgical microscopes market. Increasing number of aging population are highly prone to serious chronic illnesses is another key factor driving the demand for surgical microscopes in the global surgical microscopes market.

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Moreover, increasing demand for minimally invasive or micro-surgeries coupled with technological advancements especially on the grounds of visibility, portability and stability are some other aspects spurring the global surgical microscopes market. However, lack of skilled professionals is a major reason hampering the growth of the global surgical microscopes market. Furthermore, low acceptance of surgical microscopes owing to high costs and maintenance costs are some other factors hindering the growth of the global surgical microscopes market.

The global surgical microscopes market can be segmented on the basis of product type, application, end-use industry and geography. By product type, the global surgical microscopes market can be segmented into table top, wall mounted, ceiling mounted and on casters. On the basis of application, the global surgical microscopes market can be segmented into dentistry, ENT surgery, oncology, ophthalmology, urology, gynecology, neurosurgery and spine surgery, plastic and reconstructive surgery and others. On the basis of end-use industry, the global surgical microscopes market can be segmented into dental clinics, physician clinics, hospitals, other outpatient settings and laboratories. Considering geography, the global surgical microscopes market can be bifurcated into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific.

Major players pertaining in the global surgical microscopes market are concentrating on key strategies like acquisitions and mergers with local as well as established players. For instance, In 2014, Alcon acquired WaveTec Vision, an intraoperative guidance system developer to strengthen its ophthalmic surgical product portfolio. Key players involved in the manufacture of surgical microscopes include Carl Zeiss, Accu-Scope, Takagi Seiko, FEI, Arri, Alcon Laboratories, Leica Microsystems, Alltion, Haag Streit Surfical, Topcon Medical Systems Inc. among others.

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