The global surgical microscope Market is expected to reach USD 1,304.3
million by 2024, according to a new report by Grand View Research, Inc. The
prevalence of chronic disorders such as cancer and coronary heart diseases
requires surgery as the prime line of treatment. With the advent of operational
microscopes, these surgeries have become much easier and less painful; thus,
these devices play a vital role in the treatment of chronic conditions.
The inflow of
technologically-advanced products is spurring the demand for surgical
microscopes as they are accurate, offer better illumination, and stability.
Technologies such as Red Reflex illumination stability, wide angle
illumination, and augmented microscopy act as emerging technologies.
The rising popularity of
minimally invasive surgeries due to their patient-friendly nature is an impact
rendering driver for this market. Operational microscopes are vital elements of
minimally invasive procedures as well as microsurgeries, fueling the growth of
Surgical Microscope Market.
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Further key findings
from the study suggest:
·
Oncology held the
lucrative share of around 25.0% in the application segment. The rising
prevalence of cancer along with the complexity in the treatment fosters the
usage of operational microscopes.
·
Neurosurgery and
spinal surgeries are anticipated to witness lucrative growth over the forecast
period. The increasing investment for R&D activities in this area of
application is projected to govern this segment’s growth.
·
The surgical
microscopes based on casters dominated the type segment; moreover, their
dominion is expected to continue over the forecast period due to their
portability and easy cleaning capabilities.
·
Hospital as an
end-user segment held the largest share of over 75.0% in 2015. Greater
financing capabilities, as well as increased volume of surgeries over the
years, contributed to this growth.
·
Physician’s/dentists’
clinic as end-user is anticipated to grow at a substantial rate. The
availability of small-scale microscopes as well as the growing cosmetic
dentistry is expected to drive their demand.
·
North America
held lucrative shares of around 35.0% in 2015. On the contrary, Asia Pacific is
anticipated to witness lucrative growth over the forecast period. Unmet needs
of huge population base along with economic development in this region governed
its growth.
·
The key players
operating in this industry include Carl Zeiss, Leica Microsystems, Allition
(Wuzhou), Takagi Corporation, Topcon, Alcon, HAAG-STREIT SURGICAL, and Seiler
Precision Microscopes.
·
Mergers and
acquisitions along with new product launches are key strategic initiatives
undertaken by market players to sustain the competition. Upgrading of products,
new launches, technological innovation, and strategic collaborations are the
key initiatives in this market.
·
For instance, in
August 2014, Alcon acquired WaveTec Vision a developer of an intraoperative
guidance system for cataract. This initiative helped Alcon to strengthen
product portfolio in the ophthalmic surgical market.
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About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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