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Oncology segment is expected to drive the Growth of the Global Surgical microscopes Market by Application
According to a new market research study titled Surgical Microscopes Market to 2025 - Global Analysis and Forecasts by Type, Application and End User. The global surgical microscopes market is expected to reach US$ 1,452.4 Mn in 2025 from US$ 578.5 Mn in 2017. The market is estimated to grow with a CAGR of 12.4% from 2018-2025. The market is expected to grow due to minimally invasive surgeries, increase in the number of surgical procedures and technological advancements in the surgical microscopes, however, the high costs associated with surgical microscopes is hindering the market.
In the recent years various new improvements have evolved in the surgical microscopes market. Specialized solutions are becoming popular to be used for the surgical procedures. In addition to the standard product portfolio of surgical microscopes, the market players offering unique services and solutions that customizes a microscope to exactly fit the demands of the medical professionals. The customer-friendly oriented personalized surgical microscopes are expected to hold a prevalent trend in the surgical microscopes market. These optical analytical surgical microscopes are likely to offer to offer an attractive way to transform ideas into customized systems, with reduced upfront designing and prototyping costs. The successful deployment of the custom solutions and their easy integration with the software and workflow management platforms are expected to be trending in the surgical microscopes market. Substantial integration capability creating solutions that fits with electronic medical records (EMR), topographers and other solutions are expected to improve and ease the difficulties associated with minimally invasive surgical and microsurgical techniques.
Global surgical microscopes market, based on application was segmented into oncology, urology, ophthalmology, gynecology, plastic & reconstructive surgeries, dentistry, ENT surgeries, neurosurgery & spine surgery. In 2017, oncology segment is anticipated to grow at a CAGR of 12.9% during the forecast period. The oncology segment held the largest share of the market, by application. Moreover, the ENT surgeries segment is expected to grow at the fastest rate during the coming years owing to the increasing number of small surgical procedures in various countries.
The major players operating in the surgical microscopes market include Olympus Corporation, Novartis AG, Topcon Corporation, Leica Microsystems, Haag Streit Holding AG, Alltian (Wuzhou) Co. Ltd., Keyence Corporation, ARI Medical Technology Co. Ltd., Carl Zeiss Meditec AG, and Takagi Seiko Co. Ltd. among others. For instance, in October 2016, Topcon Corporation announced the launch of IMAGEnet Connect. The product is used for the handling the workflow of image and data management system that seamlessly connects eye care devices and systems used in clinics for streamlined data management. The developments performed by the companies are helping the market to grow in the coming years.
The report segments the global surgical microscopes market as follows:
Global Surgical Microscopes Market - By Type
Global Surgical Microscopes Market - By Application
Global Surgical Microscopes Market - By End User
Global Surgical microscopes Market - By Geography
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