: High price of microscope resulting in its low acceptance to restrain the market growth

 bhargav moturi

Market Overview:

The world surgical microscopesmarket valued $447 million in 2015 and is expected to achieve $818 million by 2022, registering a CAGR of 8.9% throughout the forecast period. Surgical microscope is a mechanically or automatically operated optical device, particularly designed for employment in surgical settings to perform microsurgeries. It is a mix of lenses that provide magnification, stereoscopic vision, and illuminated picture of the surgical area. Surgical microscopes are ergonomically designed to provide strain-free operation to users.

Market drivers and restraints:

The world surgical microscope market is estimated to grow substantially owing to the increasing prevalence of chronic diseases and adoption of microsurgeries or minimally invasive surgeries. Call for them is anticipated to drive the market for surgical microscopes as they play a crucial role in these surgeries. The geriatric population is extremely susceptible to numerous chronic disorders and age-related problems that is probable to aid the growth of the market. Moreover, developments in health care infrastructure and research & development in life sciences are expected to drive the market. Nevertheless, the high price of the microscope resulting in its low acceptance may restrain the market in some regions, besides the heavy custom duties on medical instruments and excise tax implementations by the U.S. government.

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Report segmented as:

By application:

  • ophthalmic surgeries
  • neurosurgery
  • ENT surgeries
  • plastic & reconstructive surgery
  • spine surgery
  • dentistry
  • gynecology
  • urology

By end user:

  • hospitals
  • specialty clinics
  • ambulatory surgical centers

Geographical analysis:

Based on the geography, the market can be segmented into five major regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America leads the surgical microscope market, due to the sophisticated health care services and supportive compensation policies for medical treatments enabling better usage of the equipment in the region.

Important market players:

The major players operating in the surgical microscopes market are ACCU-SCOPE, Inc., Alltion (Wuzhou) Co., Ltd., Haag-Streit U.S., Alcon Laboratories, Inc., Olympus Corporation, Leica Microsystem GmbH, ARRI AG, Carl Zeiss, Global Surgical Corporation, Topcon Medical Systems, Inc., and TAKAGI SEIKO CO., LTD.,

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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Domain: Business
Category: Sales & Marketing
Contributing Organization:
Contact Person Address: bhargav@marketdataforecast.com
Posted By: bhargav moturi and Contact bhargav moturi

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