Current Industry Research Report Titled On:- Global Surgical Microscopes Market – Segmented by Application, End User, and Geography – Growth, Trends, and Forecast (2018 – 2023)
“Surgical Microscopes Market” Report Provides detailed summary of Company Competition, Market demand, Regional Forecast, Marketing & Price and also New investment feasibility analysis is included of Surgical Microscopes Market in global region. The Global Surgical Microscopes Market is anticipated to register a CAGR of 10.5% over the forecast period of (2018 – 2023).
Surgical Microscopes Market Competitive Analysis: The existence of large, small, and local vendors in the market creates high competition. Following are the Leading Manufacturers –
- Alcon (Novartis)
- Alltion (Wuzhou) Co. Ltd
- ARI Medical Technologies Co. Ltd
- Zeiss International
- HAAG-STREIT GROUP
- Leica Microsystems
- Olympus Corporation
- Seiler Instrument Inc.
- Takagi Seiko Co. Ltd
- and Topcon Corporation
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Surgical Microscopes Market Segment by Regions, regional analysis covers
- North America (USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America, Middle East and Africa
Overview of TOC, what it will contains in Research Report ? –
- Overview of Surgical Microscopes Market,
- Competitions by (Types, Applications, Players),
- Imports/Exports Market Analysis,
- Players Profiles and Sales Data,
- Production Market Analysis by Regions,
- Sales Market Analysis by Region,
- Surgical Microscopes Market Forecast (2018-2023),
- And More…..
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The global surgical microscopes market is expected to register a growth rate of CAGR of 10.5% during the forecast period, 2018-2023. The surgical microscopes offers strain-free surgical procedures to the surgeons. The surgical microscopes are of different types, such as on casters, wall mounted, table-top, and ceiling mounted microscopes. The major growth driver for market is the rise in geriatric population. As the geriatric population increases, there is also an increase in chronic diseases, such as cancer and cardiovascular disorders. As per the data published by World Health Organization (WHO) approximately 8.2 million people die from cancer each year. The treatment of such disorders requires microsurgery and surgical intervention. North America is expected to dominate the surgical microscope market over the forecasted period, owing to sophisticated healthcare facilities and availability of reimbursement policies for surgical treatments.
Rise in Geriatric Population and Prevalence of Chronic Diseases
The United States has a large amount of geriatric population and high incidence rate of chronic disorders such as cancer and cardiovascular disorders. The population of the world is aging rapidly due to this there is a huge increment in the cases of lifestyle diseases. Cardiovascular diseases impose a huge burden in terms of mortality, morbidity, and healthcare costs. The incidence of coronary heart disease is anticipated to increase by nearly 26% and prevalent coronary heart disease by 47%. Increase in the number of cases will lead to the more expenditure on diagnosis and treatment of diseases. Moreover, it will lead to increase the growth of the market. Also, there is a huge demographic shift toward old population in the North American region which will drive the growth of this market over the forecasted period.
Other factors that drives the market are the increasing adoption of minimally invasive surgeries and technological advancements in surgical microscopes.
Lack of Skilled Professionals
The lack of skilled professionals and inadequate technical knowledge about the handling of instruments can restrain the growth of this market over the forecasted period. According to the data published by the Bureau of Labor Statistics (BLS) by 2024, a total of 14,700 surgical technologists will be needed. The lack of appropriate career education, training, and skills are the major reasons behind the gap. The surgical technologists help the surgeons to facilitate the surgical procedures.
Other factors that will act as restraints for the market include low acceptance of surgical microscopes owing to high cost.
North America to Dominate the Market
North America is expected to dominate surgical microscopes market over the forecasted period, owing to rising prevalence of chronic disorders, increasing adoption of minimally invasive surgeries (MIS), and rapid technological advancements. According to Organization for Economic Co-operation and Development (OECD), the United States recorded 17,108 and 17,878 surgical procedures in 2015 and 2016 respectively. The data shows a steep rise in overall surgical procedures recorded in the United States, thereby, propelling the need for surgical microscopes in the region. In addition, the increase in geriatric population in the region can be a major driving factor for the surgical microscopes market owing to the increase in cancer cases and cardiovascular disorders.
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Reasons to Purchase Surgical Microscopes Market Report:
- The report analyses how the stringent emission control norms will drive the global Surgical Microscopes market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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