Surgical Microscopes Market Set To Acquire 12.5% CAGR From 2016 – 2021 | Top Companies, Trends & Strategies Impacting Growth

CITY – Northbrook, Country – USA, 2020-Feb-26 — /EPR Network/

Surgical Microscopes Market provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market along with estimates and forecast of revenue.

Browse 69 market data tables and 28 figures spread through 115 pages and in-depth TOC on “Surgical Microscopes Market – Global Forecast to 2021″

The global surgical microscopes market size is projected to reach USD 915.6 million by 2021 from USD 508.1 million in 2016, growing at a CAGR of 12.5% during the forecast period. Growth in this market can mainly be attributed to factors such as the increasing use of fluorescence image-guided surgery (FIGS), increase in the number of surgeries and growing demand for MIS, advancements in healthcare facilities, technological advancements, and customized microscopy solutions.

In 2016, North America is expected to account for the largest share of the global surgical/operating 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.

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).

In December 2010, Novartis acquired Alcon; this move enabled the company to enter the surgical microscopes market Alcon holds the leading position in the ophthalmic microscopes market. The company develops, manufactures, distributes, and sells ophthalmic microscopes across the globe. The U.S. contributed a share of 44% to the company’s total revenue, whereas, non-U.S. countries accounted for a share of 56% in 2015. This shows that the company has a strong presence across the globe, and should focus on expanding its presence in the high-growth markets (such as Canada and Latin America) to leverage growth opportunities

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In 2005, Danaher Corporation acquired Leica Microsystems and its subsidiaries and entered into the microscopes business. Product launch was identified as Leica Microsystems’ prominent growth strategy. The company adopted this strategy to strengthen its product portfolio in the surgical microscopes market. For instance, in October 2014, Leica Microsystems introduced the Leica M525 F50 Microscope, which is used in neurosurgery, spine, otolaryngology, and plastic reconstructive procedures. During the same period, the company introduced the Leica M530 OH6 Neurosurgical Microscope. This microscope features advanced small angle illumination (SAI), FusionOptics, and apochromatic optics technologies.

Topcon Corporation is the leading manufacturer of operating microscopes. The company pursues the strategy of product launch to achieve its targets and increase its share in the market. In this regard, in March 2014, the company launched the SP-1P Specular Microscope used for the documentation and analysis of the condition of the corneal endothelium. This product launch helped the company to enhance its product portfolio. Similarly, in March 2014, the company launched the MS‐SIO1 MicroSlit Illuminator in the South American market. The MS‐SIO1 is designed to assist surgeons during lamellar corneal surgery by enabling visual verification of graft attachment interfaces and anterior chamber depths in fine detail and sharp contrasts.

Carl Zeiss AG primarily pursues the strategies of collaborations and agreements. For instance, in October 2014, Carl Zeiss collaborated with the University of California, Berkeley (U.S.), to support the BRAIN Initiative organized by the Berkeley Brain Microscopy Innovation Center (BrainMIC). The BRAIN Initiative, supported by the National Institutes of Health (NIH), helps the company in developing its microscopy business by using emerging neurotechnologies. Furthermore, in September 2014, Carl Zeiss signed an agreement with the Howard Hughes Medical Institute (U.S.) to commercialize the Bessel beam plane illumination microscopy, also known as lattice light sheet microscopy. This technique offers high-speed 3D fluorescence imaging of living cellular and multicellular specimens. Carl Zeiss also focuses on launching new products in the market. This helps the company to extend its microscopy product line and strengthen its visibility as an innovative manufacturer and provider of high-end microscopes.

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