A surgical or operating microscope is an optical microscope which is used to perform microsurgery. Surgical operating microscope consists of a motorized zoom lens system with foot and hand controls along with interchangeable ocular used to attain the desired magnification. The global surgical/ operating microscope market is expected to grow at a CAGR of about 13% during the forecast period 2016-2023. Due to high precision, improved illumination, good visualization and other several advantages offered by surgical microscopes, they are widely used in hospitals, physician and dental clinics and other outside facilities. Thus its application is enhancing the global surgical/operating microscope market.
North America had accounted for the largest market revenue share and has emerged as the leading market for surgical/operating microscope. The key factor contributing to the growth of surgical/operating microscope market in North America is the increasing demandfor sophisticated health care equipment and services along with supportive payment policies and insurance to easily avail medical treatments. The Asia Pacific is the fastest growing marketregion for surgical/operating microscope market owing to the increasing geriatric population in countries suchas India, China etc. Also the ongoing technological advancements in health care sector, and supportive medical insurance and payment policies have led to the growth of surgical/ operating microscope market .
The global surgical/ operating microscope is influenced by the presence of leading companies such as Danaher corporation [U.S], Global surgical corporation [U.S.], Alcon [U.S.], Novartis [Switzerland], Seiler precision microscopes [U.S.] etc. and these companies contribute to the growth of global surgical/operating microscope market. Strategies such as product launches, joint ventures, mergers and acquisition are some of the crucial strategies adopted by the key market players to gain competitive advantage.
Global surgical/operating market report covers segmentation analysis of type, applications and end user. Report further covers sub segments of type which includes on casters, wall mounted, tabletop and ceiling mounted. Among these segments, on casters microscopes has accounted for largest market share owing to the capability of on caster microscope to provide portability and better cleaning maintenance. Whereas, applications of surgical/operating includes Plastic & reconstructive surgery, Neuro and Spine Surgery, Oncology, ENT surgery, Gynecology, Ophthalmology , and Urology etc. The oncology segment is the leading application segment owing to the increasing number of cases of chronic diseases and its complexities. This has led to the adoption of advanced techniques including operational microscopes. The surgical/operating microscopes are extensively used by, Physician/ dentist clinic, Hospitals and outpatient facilities. Hospital held the largest revenue share in end user segment of surgical microscope sowing to the increasing number of microsurgeries and supportive insurance and medical policies are major driver boosting the growth in the segment.