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Surgical Microscopes Market is Witnessing Phenomenal Growth by 2025: Olympus Corporation, Novartis AG, Topcon Corporation, Leica Microsystems, Haag Streit Holding AG, Alltian (Wuzhou) Co. Ltd., Keyence Corporation, ARI Medical Technology Co. Ltd., Carl Ze

04-12-2019 01:15 PM CET | Health & Medicine

Press release from: The Insight Partners

Surgical Microscopes Market

Surgical Microscopes Market

The global surgical microscopes market is expected to reach US$ 1,452.4 Mn in 2025 from US$ 578.5 Mn in 2017. The surgical microscopes market is estimated to grow with a CAGR of 12.4% from 2018-2025.

The market for surgical microscopes is expected to grow as rising demand of minimally invasive surgeries, increase in the number of surgical procedures, and technological advancements in the surgical microscopes are expected to fuel the market growth during the forecast period. In addition, increasing emphasis on medical tourism is likely to have a positive impact on the growth of the market in the coming years.

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The objective of the study is to describe, define, and forecast the surgical microscopes market by type, application, end user and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.

The major players operating in the surgical microscopes market include Olympus Corporation, Novartis AG, Topcon Corporation, Leica Microsystems, Haag Streit Holding AG, Alltian (Wuzhou) Co. Ltd., Keyence Corporation, ARI Medical Technology Co. Ltd., Carl Zeiss Meditec AG, and Takagi Seiko Co. Ltd. among others. The market players are indulged into bringing new products to the market to keep to the pace of the competitive market nature. For instance, in Spetember 2018, Leica Microsystems introduced the first PROVIDO multidisciplinary microsurgery microscope that enables high standard of visualization quality in its class. PROVIDO features FusionOptics technology that provides unparalleled depth of field and detail perception at the same time. The developments performed by the companies are helping the market to grow in the coming years.

The report analyzes factors affecting surgical microscopes market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key surgical microscopes manufacturing companies along with their SWOT analysis and market strategies.

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Global surgical microscopes market, based on the type was segmented into wall mounted, table top, ceiling mounted, and on casters. In 2017, the on casters segment held the largest share of the market by 51.0%, by type owing to the factor that these systems are highly portable and can be carried easily with the help the caster’s wheels from one room to another. However, the ceiling mounted microscopes are anticipated to grow with a CAGR of 12.8% during the forecast period as these systems offer stable visualization field and other advantages during surgical procedures.

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