A surgical or operating microscope is an optical microscope used to perform microsurgery. It consists of a motorized zoom lens system with hand and foot controls along with interchangeable ocular used to attain the desired magnification. Due to high precision, improved illumination, good visualization and other several advantages offered by surgical microscopes, they are widely used in hospitals, physician and dental clinics and other outside facilities. Its application in various areas is enhancing the global surgical/operating microscope market and it is expected to grow at a CAGR of about 13% during the forecast period 2016-2023. The modern surgical microscopes have high magnification capabilities which allow the surgeons and doctors to obtain the minute details of surgery and other aspects of medical science.
The key factor driving the growth of global surgical/operating microscope market is the increasing number of surgeries. With the increase in age, increases the chances for chronic diseases such as heart diseases, stroke, cancer, type 2 diabetes, obesity, and arthritis. According to the US Census Bureau, the domestic population was recorded to be 10% in 2016 which would increase up to 17.0% by 2020. The fastest growing segment of this population consists of individuals over the age of 65 and this number is anticipated to rise up to 53% by 2020.According to Centers for Disease Control and prevention, 1 out of 3 adults accounted to approximately 92.1 million have at least one type of cardiovascular disease. About 90% of Americans who are aged 2 years or older are observed to consume too much sodium, which can lead to increase their risk of high blood pressure. Therefore, the increasing prevalence of chronic diseases in geriatric population worldwide have led to the increase in the number of surgeries, thereby driving the growth of surgical/operating microscope market.
Source: OBRC Analysis.
The report on global surgical/operating microscope market includes segmentation on the basis of type, applications and end-user.
Microscope types included in the global surgical/operating microscope market report are:
- On casters
- Wall mounted
- Tabletop
- Ceiling mounted
The applications of global surgical/operating microscope market include:
- Neuro and Spine Surgery
- Plastic & reconstructive surgery
- Ophthalmology
- ENT surgery
- Oncology
- Gynecology and Urology
- Others
The end-users of global surgical/operating microscope market include:
- Hospitals
- Physician/ dentist clinic
- Other outpatient facilities
The report scope is widely categorized on the basis of its microscope type which includes on casters, wall mounted, tabletop and ceiling mounted. Moreover, the market revenue estimates and forecast includes hardware systems.
The global surgical/operating microscope market report has been geographically segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America has emerged as the leading market for surgical/operating microscope. The key factor contributing to this growth is sophisticated health care equipment and services along with supportive remuneration policies and insurance for medical treatments. The increasing cases of chronic diseases such as cancer, Alzheimer's etc., play a significant role in driving growth of market in North America. Asia Pacific has the fastest growth rate in global surgical/operating microscope market. This is due to the increasing geriatric pollution, technological advancements in health care facilities, and supportive medical remuneration policies in rapidly developing nations such as India and China. Asia Pacific and Latin America are the most advantageous markets in global surgical/operating microscope market.
Global surgical/operating market report covers segmentation analysis on the basis oftype, applications and end-user. Report further covers sub segments of type which includes on casters, wall mounted, tabletop and ceiling mounted. Among these segments, on-casters microscopes is the leading segment and accounted for significant market revenue share in 2015 and is expected to expand at a good CAGR during the forecast period. The key reason for this growth is the portability and better cleaning maintenance capability of on-casters microscopes. Whereas, applications of surgical/operating include neuro and spine surgery, plastic & reconstructive surgery, ophthalmology, ENT surgery, oncology, gynecology and urology etc. Among these segments, oncology is dominating the application segment and accounted for revenue share of 23% in 2015. This is due to the increasing prevalence of chronic diseases and its complexities which had led to the adoption of advanced techniques including operational microscopes. The oncology segment is further followed by spinal and neurology surgeries, which are anticipated to grow at a CAGR of about 13% during the forecast period. Dentistry and ophthalmology segments are also the emerging market segments which are anticipated to grow at a substantial rate due to the increasing demand for cosmetic dentistry and rising number of cataract surgeries. The end users segment are hospitals, physician/dentist clinic and other outpatient facilities. Hospital is the largest end-user segment of surgical microscopes due to the increasing number of microsurgeries and supportive remuneration policies and insurance are the high impact rendering drivers for this segment. However, independent clinics of physicians and dentists are also expanding with a significant rate of about 12% during the forecast period. Moreover, the availability of smaller operational microscopes and growing dentistry industry is expected to increase the demand for this segment.
The major market players of the global surgical/operating microscope market are:
- DANAHER CORPORATION
- GLOBAL SURGICAL CORPORATION
- ALCON MICROSYSTEMS
- NOVARTIS
- SEILER PRECISION MICROSCOPES
- OTHERS
These companies use various strategies such as mergers & acquisitions, collaboration, partnership and product launch. Whereas, product and service launch is the key strategy adopted by the companies in the surgical/operating microscope market.
For Example: In July 2017, Leica Microsystems announced a series of new innovations including a free tunable de-scanning detector and an ingenious beam manipulating device called as variable beam expander (VBE). This device offers free tuning of both beam diameter and axial IR-correction for up to four IR beams simultaneously.
In April 2017, Leica Microsystems announced that new generation of augmented reality imaging technologies will be used for surgical microscopes.
The report covers detailed analysis of companies which comprises of overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in surgical/operating microscope market.
Key reason to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023
- Report includes detailed analysis of different segments such as type, applications and end user of global surgical/operating microscope.
- Identify and understand the strength, opportunities, challenges and threat of global surgical/operating microscope market.
- Covers details analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, and competitive landscape analysis of major players of global surgical/operating microscope market.
- Detailed analysis of various the regulatory policies which are affecting the global surgical/operating microscope market.
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At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global surgical/operating microscope market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of global surgical/operating microscope market, with giving extensive SCOT analysis of key companies.
Key findings of the global surgical/operating microscope market
- The global surgical/operating microscope market is expected to grow at a CAGR of about 13% during the forecast period 2016-2023.
- North America has emerged as the leading market for surgical/operating microscope.
- On casters microscopes is the leading segment and accounted for significant market revenue share in 2015.
- Product and service launch is the key strategy adopted by the companies in global surgical/operating microscope market.