Strategic Innovation in Healthcare Industry Drives Surgical Microscopes Market at a CAGR of 8.9% by 2022

The global surgical microscopes market garnered $447 million in 2015 and is expected to reach $818 million by 2022, thereby growing at a significant CAGR of 8.9% during the forecast period, 2017 to 2022.

The report is an in-depth analysis of the surgical microscopes market. It allows the market players, investors, and interested individuals to understand the market trends and growth opportunities in the space and devise strategies for business growth. It underlines the drivers, restraints, and opportunities affecting the industry and discusses the market size and share, segmentation, and technology trends that prevail. Information about the key players operating in the market are also discussed.

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The report elaborately analyzes the drivers, restraints, and opportunities of the global surgical microscopes market. Increase in global geriatric population, increase in research and development activities in life science sector, improvement in healthcare infrastructure in developing economies, and increasing demand for minimally invasive surgeries are the factors that drive the growth of the market. However, sale of use or refurbished equipment and higher pricing in developing countries hinder the growth of the industry. Conversely, the implementation of new communication technologies such as GPS and cloud computing and robot-assisted microsurgery or tele microsurgery create growth opportunities for the market.

The report emphasizes on the various segments of the global surgical microscopes market. The market is segmented into application, end user, and geography. The application segment is classified into dentistry, ENT, gynecology & urology, neurosurgery & spine surgery, oncology, ophthalmology and plastic and reconstructive surgeries. The ENT is expected to witness the highest CAGR of 9.3% during the forecast period. The end user segment is bifurcated into hospitals and outpatient facility. The geographical analysis of the market covers the regions such as North America, Europe, Asia-Pacific, and LAMEA. The regions under North America are U.S., Canada, and Mexico. Europe covers regions such as Germany, France, Italy, UK, Spain, and rest of Europe. The market study for Asia-Pacific includes Japan, China, India, and rest of the region. China is likely to grow at the fastest CAGR of 16.4% during the forecast period. LAMEA covers Brazil, Argentina, and rest of LAMEA.

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The key players in the global surgical microscopes market are expanding the scope of their business operations in the developing countries by including innovative products in their product portfolios. The report includes a detailed competitive analysis of the major market players, such as 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.