Surgical Microscopes Market Business Opportunities, Size, Share, Growth and Regional Demand to 2030

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Surgical microscope

Rising hospital admissions and increased investment to combat chronic diseases is driving the growth of the global surgical microscope market.

PORTLAND, OREGON, USA, Sept. 9, 2022 /EINPresswire.com/ — The global surgical microscope market was estimated at $612.79 million in 2020 and is expected to reach $1.39 billion by 2030, recording a CAGR of 8.6% from 2021 to 2030.

The demand for surgical microscopes has witnessed phenomenal growth owing to the growing global geriatric population, increasing R&D activities in the life science sector, growing healthcare infrastructure and the increasing demand for minimally invasive surgeries. Furthermore, government funding and support for the implementation of healthcare infrastructure and technological advancement are some of the factors that are expected to play a major role in the growth of the developed markets. However, sale of used and refurbished equipment and high equipment prices in developing regions are some of the challenges that may hamper the market growth to some extent during the forecast period. “Technologically advanced products and customizations for clinical and pre-clinical applications have enabled Tier II and Tier III players to enter the market, while Tier I players have strengthened their market position through growth strategies organic and acquisitions. Says analyst, Jayant Nannore, at AMR

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Drivers, constraints and opportunities –

Rising prevalence of ophthalmic diseases among the geriatric population across the globe, increasing hospital admissions, and rising investments to fight chronic diseases are driving the growth of the global surgical microscope market. On the other hand, some government regulations against the adoption of specific surgical microscopes are hampering the growth to some extent. However, the development of innovative instruments in the healthcare sector and the launch of various solutions for rapid and accurate diagnosis are expected to create lucrative opportunities in the industry.

Covid-19 scenario-

There has been a sharp decline in demand for surgical microscopes from the healthcare industry, especially during the initial phase of the pandemic, as most elective surgeries have been canceled or postponed all along.
However, the market has already started to recover and should get back on track soon.
The low-end segment takes the lion’s share

By product type, the low-end segment held the majority in 2020, attracting more than two-fifths of the global surgical microscope market. The same segment is also expected to cite the fastest CAGR of 8.9% throughout the forecast period, owing to the rapid development of surgical microscopes.

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Ambulatory Care Facilities Segment Will Dominate By 2030-

By end-user, the ambulatory care facility segment contributed the lion’s share in 2020, holding nearly three-quarters of the global surgical microscope market. The same segment is also expected to show the fastest CAGR of 8.7% from 2021 to 2030, due to the increase in their use for disease diagnosis.

North America held the largest share in 2020-

By region, North America dominated in 2020, attracting more than two-fifths of the global surgical microscope market. This is attributed to the robust infrastructure provided for research activities and the presence of key players across North America. However, the Asia-Pacific market is expected to quote the fastest CAGR of 8.9% throughout the forecast period, owing to the increase in the use of surgical microscope for infection detection, increased R&D activities for the launch of new products and increased investments in the healthcare sector.

Key Industry Players

Haag Streit United States
Alcon Laboratories, Inc.
Leica Microsystem GmbH
ARRI S.A.
Alltion (Wuzhou) Co., Ltd.
Olympus Society
World Surgical Society
TAKAGI SEIKO CO., LTD.
Carl Zeiss
Topcon Medical Systems, Inc.

We also offer regional and national reports –

Japan Surgical Microscope Market
Surgical Microscope Market in South Korea
Singapore Surgical Microscope Market
China Surgical Microscope Market
Surgical Microscope Market in Indonesia
Australian surgical microscope market
Taiwan Surgical Microscope Market

“We have also published some syndicated market studies in the same field that you may be interested in. Below is the title of the report for your reference, considering the impact of Covid-19 on this market, which will help you to assess the impact of the pandemic on the short and long-term growth trends of this market.

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services across 11 verticals, including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverage, Energy & Power, semiconductors and electronics, automotive and transport, ICT and media, aerospace and defense and BFSI.

David Correa
Allied Analytics LLP
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