The Surgical microscope is an electrical or mechanical optical device, predominantly intended to function the microsurgeries in surgical sceneries. It has a combination of lenses that delivers the stereoscopic vision, intensification, and illustrated image of the surgical part. Now a days, the surgical microscopes have become an integral tool for functioning the minimally invasive surgeries in numerous fields, such as neurosurgery, dental surgery, cosmetic surgery, otorhinolaryngology, and ophthalmic surgery.
According to the report analysis, ‘Global Surgical Microscope Market to reach USD 1855.8 million by 2027’ states that the technological improvements in the surgical microscopes have expressively improved vision, stability, positioning, and sizing competences, as well as simplified in the incorporation of image-guided microscope systems for developed outcomes. Apart from its clinical profits, physicians are getting advantage from surgical microscopes as they enable them to accommodate their position while functioning the complicated clinical processes. Therefore, such aspects are anticipated to influence the market growth all over the globe.
The effective improvement in the number of minimally invasive surgeries, increasing technological advancements such as wide-angle illumination, red reflex illumination and more, along with growing product established by the market players are the few other aspects driving the market growth throughout the forecast duration. For instance, during 2018, Carl Zeiss AG established a new surgical microscope namely, EXTARO 300 with advanced visualization system for functioning complicated surgical processes. Similarly, during September 2017, Olympus Corporation also established of its new ORBEYE Surgical Microscope, with assimilating 4K 3D video technology, across Japan and America. Therefore, such enterprises of market players are projected to quicken the market growth across the globe.
Amidst the COVID-19 pandemic, numerous regions are under lockdown, and therefore, surgeries have been hindered or cancelled to safeguard the spread of novel coronavirus thereby, the requirement for surgical microscope is suggestively declining at least in this year. However, the great cost of advanced functioning microscopes and implementation of excise duty by the U.S. government, may perform as a major roadblocks for the market growth throughout the forecast period of 2020-2027.
In addition, the worldwide Surgical Microscope Market is valued nearly USD 723.3 million in 2019 and is projected to grow with a vigorous growth rate of more than 12.5% over the review period of 2020-2027. Although, the regional analysis of worldwide Surgical Microscope market is considered for the foremost regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia-Pacific is the leading/noteworthy region across the world in terms of market share due to the effective augment in number of surgeries, along with the innovations in healthcare facilities in the economy. Whereas, the Asia-Pacific is also projected to exhibit uppermost growth rate / CAGR over the review period of 2020-2027. Aspects such as prominent growth in the incidence of ophthalmic disorders, growing number of minimally invasive surgical process and increasing medical tourism would generate a lucrative growth prospectus for the market growth across the Asia-Pacific region. Therefore, in the near years, it is predicted that the market of surgical microscope will increase around the globe more significantly.
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Ankur Gupta, Head Marketing & Communications