Growth in demand for minimally invasive surgeries is the major factor attributing towards the growth of the surgical/operating microscopes. The rising need for quick diagnostics and the increase in number of surgeries being conducted are expected to further impact the market growth positively over the forecast period. Rapid advancements in the healthcare facilities as a consequence of technological advancements such as robot assisted operating microscopes for conducting surgeries are the high impact rendering drivers for the growth of this market. Furthermore, rise in life science research, drug discovery and the increased government funding for boosting these fields is expected to cause a consequential rise in demand for surgical/operating microscopes.
The key applications of the surgical/operating microscopes are in neuro & spine surgery, dentistry, ENT, oncology, ophthalmology, plastic & reconstructive surgery, gynecology and urology. Out of these, oncology is expected to emerge as the fastest growing segment over the forecast period. The growth of this segment is on account of increasing prevalence of cancer globally. However the on the basis of End-use the surgical/operating microscopes market is segmented into hospitals facilities and outpatient facilities. Hospital facilities segment dominated the market in 2014. Extensive use of the microscopes in the hospitals for various purposes attributed towards the dominance of this segment.
Geographically, North America, Europe, Asia Pacific, MEA and Latin America are key regional markets included in the study. North America is expected to dominate the global market over the forecast period. Growing geriatric population base, demand for efficient and effective diagnosis coupled with fast and frequent diagnosis, improved healthcare facilities are the major factors for the lucrative share of this region. Furthermore, wide technical execution of surgical microscope and rising technological awareness among the patient are some of the other factors attributing towards the large market share of this region. However, Asia Pacific is expected to witness substantial growth over the next six years majorly on account of rapid economic development in the regions of India, China and Japan. Growing patient awareness levels have led a rise in demand for more focused and accurate diagnosis. Also, growing government initiative such as “make India” and “change India “campaign, increasing R&D investment, presences of large pool of patients with high unmet medical needs are some of the high impact rendering drivers impacting the rapid growth of this region. In addition to the aforementioned regions, Latin America region is also expected to grow at a healthy rate as a result of increase in both private and public associations, causing an increase in the investment which is expected to result in expanded surgical services in this region, thereby boosting the demand for the surgical microscopes.
The key players in the surgical/operating microscopes market are Alcon Laboratories, Leica Microsystems, Alltion (Wuzhou) Co. Ltd., Takagi Seiko Co Ltd., Carl Zeiss, and ACCU-SCOPE Inc.
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