(Health-NewsWire.Net, August 18, 2016 ) The report “Surgical/Operating Microscope Market Application (Neuro & Spine Surgery, Plastic and Reconstructive Surgery, Oncology, Ophthalmology, Gynaecology & Urology, Dentistry, Documentation), & End User (Hospitals, Outpatient Facilities) - Global Forecast to 2020”, The global Surgical/Operating Microscope Market is poised to reach $806.6 million by 2020 from $402.2 million in 2014, at a CAGR of 12.3% from 2015 to 2020.
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Factors such as need for high speed diagnostics, advancement in the healthcare facilities, and increase in the demand for minimally invasive surgeries (MIS) are driving the Surgical/Operating Microscope Market. However, the high cost of advanced surgical microscopes; implementation of excise tax by the U.S. government; and the heavy custom duty on medical devices are hindering the growth of this market.
The Surgical/Operating Microscope Market is segmented on the basis of application, end user, and region. The surgical microscopes applications market is categorized into neuro & spine surgery, plastic & reconstructive surgery, oncology, ophthalmology, gynaecology & urology, ENT, dentistry, and documentation. In this market, Oncology is the fastest growing application due to growing prevalence of cancer around the world.
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On the basis of end users, the Surgical/Operating Microscope Market is classified into hospitals and outpatient facilities. In this market, hospitals are the major end users.
On the basis of geography, the Surgical/Operating Microscope Market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2014, North America accounted for the largest share of the surgical microscopes market, followed by Europe. However, Asia-Pacific is expected to register a higher growth rate during the forecast period, owing to huge investment opportunities in this region. The growth of the Surgical/Operating Microscope Market in the Asia-Pacific region will revolve around China, India, Australia, and countries in the Middle East. Major players operating in the Surgical/Operating Microscope Market are Carl Zeiss (Germany), Leica Microsystems (Danaher Corp.), Alcon Laboratories (U.S.), Alltion (Wuzhou) Co. Ltd. (China), ACCU-SCOPE Inc. (U.S.), and Takagi Seiko Co Ltd. (Japan).
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