DALLAS, April 1, 2015 /PRNewswire/ —
According to a new market research report “Surgical/Operating Microscopes Market by Application (Neuro & Spine Surgery, Plastic and Reconstructive Surgery, Oncology, Ophthalmology, Gynaecology & Urology, Dentistry, Documentation), & End User (Hospitals, Outpatient Facilities) – Global Forecast to 2020“, published by MarketsandMarkets, the Surgical Microscopes 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..
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 Microscopes 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 Microscopes 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.
On the basis of end users, the Surgical Microscopes Market is classified into hospitals and outpatient facilities. In this market, hospitals are the major end users.
On the basis of geography, the Surgical Microscopes 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 microscopes market in the Asia-Pacific region will revolve around China, India, Australia, and countries in the Middle East. Major players operating in the surgical microscopes 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).
