Leading Manufacturers and their Strategies to see distinctly Growth in Surgical Microscopes Market

Global Surgical Microscopes Market would reach $818 million by 2022 from $447 million in 2015, growing a CAGR of 8.9% from 2016 to 2022, according to a new report published by Allied Market Research.Ophthalmology application segment is expected to remain the highest revenue-generating segment throughout the forecast period. North America held the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period.

Demand for surgical microscopes has witnessed a great growth due to the growth of the global geriatric population, the increase in R & D activity in the life sciences sector, the growth of health infrastructure and the increase in the demand for minimally invasive surgeries. In addition, government funding and support to implement health infrastructure and technological advancement are some of the factors that predict an important role in the growth of developed markets. However, the sale of used and remodeled equipment and the high price of equipment in the developing region are some of the challenges, which may hinder market growth to a certain extent during the forecast period.

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Key Findings of the Surgical Microscopes Market:

• ENT is expected to witness highest CAGR of 9.3% during the forecast period.

• Low-range surgical microscope to remain dominant over the forecast period and is also estimated to grow at a high CAGR.

• North America is anticipated to lead the market, growing at a CAGR of 8.2% from 2016 to 2022.

• Outpatient facilities is predicted to be the fastest growing end-user segment with a CAGR of 9.0% during the analysis period.

• China and India are projected to grow at higher CAGR of 16.4% and 13.6%, respectively, during the forecast period.

In 2015, ambulatory facilities were the largest segment of the end user and are expected to continue to be predominant in the forecast period. In addition, surgical microscopes of low price range represented a market share of more than two fifths by 2015 and is expected to grow at higher CAGR when compared to surgical microscopes of medium range and upper range.

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Ophthalmology segment dominated the market in 2015 with one-fourth market share, and is expected to maintain its dominance throughout the forecast period due to increase in population undergoing ophthalmic surgeries worldwide. Moreover, ENT segment is projected to exhibit higher growth rate among all the other applications, closely followed by plastic & reconstructive surgery and oncology segments.

Top key players in the market:

• ACCU-SCOPE Inc.
• TAKAGI SEIKO CO. LTD.
• Alltion (Wuzhou) Co. Ltd.
• ARRI AG
• Carl Zeiss
• Haag-Streit U.S.
• Leica Microsystem GmbH

List of Figures

FIG. 1 GLOBAL SURGICAL MICROSCOPE MARKET SIZE, 20152022, ($MILLION)
FIG. 2 WORLD SURGICAL MICROSCOPE MARKET SHARE, BY APPLICATION, 2015 VS 2022 (%)
FIG. 3 WORLD SURGICAL MICROSCOPE MARKET SHARE, BY GEOGRAPHY, 2015 VS 2022 (%)
FIG. 4 WORLD SURGICAL MICROSCOPE MARKET SEGMENTS
FIG. 5 TOP INVESTMENT POCKETS, BY APPLICATION
FIG. 6 TOP INVESTMENT POCKETS, BY REGION
FIG. 7 SURGICAL MICROSCOPES MARKET: TOP WINNING STRATEGIES, 20112016 (%)
FIG. 8 DETAILED STRUCTURE OF COMPANIES AND TYPE OF STRATEGIES
FIG. 9 PORTERS FIVE FORCES ANALYSIS
FIG. 10 WORLD SURGICAL MICROSCOPES MARKET: MARKET PLAYERS POSITIONING, 2015
FIG. 11 MARKET DYNAMICS: SNAPSHOT
FIG. 12 WORLD POPULATION IN THE AGE GROUP OF 60 YEARS AND ABOVE
FIG. 13 DRIVER-RESTRAINTS IMPACT ANALYSIS

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