Surgical Microscopes Market Is Estimated To Generate Revenue Of $915.6 Million By 2021

CITY – Northbrook, Country – USA, 2020-Jan-16 — /EPR Network/ —

The global surgical microscopes market is poised to reach USD 915.6 Million by 2021 from USD 508.1 Million in 2016, at a CAGR of 12.5% from 2016 to 2021. Companies in the surgical microscopes market are majorly focusing on product launches for strengthening their market share; this strategy accounted for 76.2% of the total number of strategic developments undertaken by key players in this market.

Surgical Microscopes Market

The global surgical microscopes market is segmented on the basis of application, end user, and region. On the basis of application, the market is broadly segmented into neuro and spine surgery, plastic and reconstructive surgery, ophthalmology, gynecology and urology, oncology, dentistry, ENT surgery, and documentation. In 2016, the neuro and spine surgery segment is expected to account for the largest share of the market due to the increasing demand for surgical/operating microscopes in neurosurgery. However, the oncology segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing prevalence of cancer around the world.

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On the basis of end user, the surgical microscopes market is segmented into hospitals and outpatient facilities. In 2016, hospitals are estimated to account for the largest share of the global surgical microscopes market. The growing usage of surgical/operating microscopes in complex neurology, ENT, and dental procedures, and implementation of less-invasive surgical instruments during MIS procedures in hospitals are key market drivers in this end-user segment.

In 2016, North America is expected to account for the largest share of the global surgical microscopes market. Factors such as the growing demand for minimally invasive surgical procedures, infrastructural advancements in healthcare facilities, and increase in the number of surgeries are driving the growth of the North American surgical microscopes market.

In 2016, North America is expected to account for the largest share of the global surgical microscopes market. Factors such as the growing demand for minimally invasive surgical procedures, infrastructural advancements in healthcare facilities, and increase in the number of surgeries are driving the growth of the North American surgical/operating microscopes market.

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The surgical/operating microscopes market is dominated by established players such as Novartis AG (Switzerland), Danaher Corporation (U.S.), Topcon Corporation (Japan), Carl Zeiss AG (Germany), and Hagg-Streit Surgical (Germany).

Critical questions the report answers:

  • Who are the major market players in the surgical microscopes market?
  • What are the growth trends and the largest revenue-generating region for surgical microscopes?
  • How are surgical microscopes sold to customers?
  • What are the major applications of surgical microscopes?
  • What are the driving, restraining, opportunistic, and challenging factors for this market?

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