(I-BusinessNews.Com, July 30, 2021 ) According to research report 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.
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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.
The global operating microscopes market is segmented on the basis of application, end user, and region.
Based on application, the global surgical/operating microscopes market is categorized into dentistry, ENT (ear, nose, and throat) surgery, gynecology and urology, neuro and spine surgery, oncology, ophthalmology, plastic and reconstructive surgery, and documentation. In 2016, the neuro and spine surgery segment is estimated to account for the largest share of the global surgical/operating microscopes market. Oncology forms the fastest-growing segment.
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 operating 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.
The surgical microscopes market is highly competitive in nature. Some of the major players in this market include Novartis Ag (Switzerland), Danaher Corporation (U.S.), Topcon Corporation (Japan), Carl Zeiss AG (Germany), Hagg-Streit Surgical GMBH (MÖLLER-WEDEL GMBH) (Germany) Accu-Scope Inc., Alltion (Wuzhou) Co., Ltd., Arri Medical (Arri Group), Karl Kaps GmbH & Co. Kg, Takagi Seiko Co. Ltd.
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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 operating microscopes market.
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