Global Surgical Microscopes Market Worth Around USD 1.5 Billion by 2026: Acumen Research and Consulting
The global surgical microscope market size is estimated to reach USD 1.5 billion by 2026, according to a study by Acumen research and consulting. It is estimated to record a CAGR of 10.5% over the forecast period.
Surgical microscope is an automatically operated optical device, precisely designed for use in surgical settings to do microsurgeries. These microscopes have applications in neurosurgery & spine surgery, oncology, ophthalmology, and plastic & reconstructive surgeries dentistry, ENT, gynecology, urology. The global surgical microscope market is anticipated to witness steady rise over the forecast period.
Rise In Decrepit Population And Dominance Of Chronic Diseases
The increase in worldwide ageing populace, greater adoption of nominally invasive surgeries, growth in R&D activity in life science, and growth in health care infrastructure are some of the major factors that contribute to the expanded demand for global surgical microscopes market. United States has large amount of decrepit population which increases chances of chronic disorders such as cancer and coronary heart disease (CHD) requires surgery as the prime line of treatment. Cardiovascular diseases impose an immense burden in terms of mortality, morbidity, and healthcare costs. The rate of coronary heart disease is expected to increase by nearly 30% and prevalent coronary heart disease by 45%. Increase in the number of cases will lead to the more expenses on diagnosis and treatment. Neurosurgery and spinal surgeries have predicted spectacular growth over the forecast period, owing to increasing R&D investment. Dentistry and ophthalmology are also foreseen to grow at a significant pace with high demand for cosmetic dentistry and cataract surgeries. The surgical microscopes based on casters are likely to continue in the leading segment over the forecast period, due to their compactness and easy cleaning capabilities. Hospital, as an end-client, held the biggest market share in 2017. Greater financing capabilities and increased volume of surgeries have added to market growth.
Government Support To Help Surgical Microscopes Market Development In Asia Pacific
Surgical microscope devices market is emerging at a fast level due to growth in the number of surgeries and advancement in the healthcare facilities. The surgical microscopes market by comprises North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America believed to have profitable market shares of around 38.0% in 2018. North America, European countries, clenches the global market for surgical microscopes due to extensive practical applications of surgical microscopes and healthcare facilities. Asia-Pacific is relied upon to demonstrate high development rate in next couple of years in global surgical microscopes market. Asian countries like India and China is one of the fastest growing market due to its population along with its economic development and existence of enormous potential associated with healthcare services. The increase investment in healthcare and surgical services in other developing countries such as Latin America and Africa will drive the demand for surgical microscope. But, high cost of equipment in developing region would hamper the growth of the market.
Surgical Microscopes Insights
During the forecast period, among the end users the Outpatient conquered the global surgical microscope market in 2018. Due to increase in member of ambulatory surgeries across the globe and increase in clinics for ENT and dentistry surgeries it is expected to control the market for longer extent. The low range surgical microscope considers having 40.5% shares in 2018.
Rapid increase in population aged above 65 by 2026 will account for highest prevalence and incidence of eye diseases. Reconstructive and ENT surgery is predictable to grow at a CAGR of 9 %. On the basis of type, the surgical microscopes market is allocated into on casters, ceiling mounted, wall mounted, and tabletop. Over the forecast period, on casters microscope segment held a substantial market share in 2018 which will increase in market CAGR. The key factors governing market growth are movability and better cleaning maintenance capability of these devices. Many market players including market leaders are providing the alternative of portability for all surgical microscopes.
The surgical microscopes market is dominated by established players such as Leica Microsystems, Novartis AG Allition (Wuzhou) Danaher Corporation, Topcon Corporation, Carl Zeiss AG, Takagi Corporation and Seiler Precision Microscopes.
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