Global Surgical Microscope Market, by Product Type (Neurosurgery and Spine Surgery Microscopes, ENT Surgery Microscopes, Dentistry Microscopes, Oncology Microscopes, Gynecology Microscopes, Urology Microscopes, Ophthalmology Microscopes, Plastic & Reconstructive Surgery Microscopes, and Other Surgery Microscopes), by Configuration (Wall Mounted, Table Top, Ceiling Mounted, and On Casters), by End User (Hospitals, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 777.8 million in 2018, and is expected to exhibit a CAGR of 9.4% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.

Rising number of collaborations and partnerships by the key players are expected to propel the market growth over the forecast period. For instance, in March 2018, Metall Zug Group acquired 70% stake of Haag-Streit Holding AG, a manufacturer and distributor of ophthalmology and surgical microscopy equipment. The acquisition is expected to increase Metall Zug Group’s product portfolio and geographical footprint in the medical device industry.

Moreover, rising product launches by the market players is expected to drive growth of surgical microscopes market growth over the forecast period. For instance, in September 2017, Olympus Corporation launched ORBEYE Surgical Microscope with advanced 4K 3D video technology in Japan and U.S. for enhancing surgical accuracy as it offers high resolution images of fine tissues and blood vessels.

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Furthermore, increasing aesthetic and cosmetic surgeries performed by the plastic surgeons is expected to bolster the market growth over the forecast period. For instance, according to the International Study on Aesthetic Plastic Surgery (ISAPS), in 2017, the estimated number of plastic surgeons in Brazil were around 5,500, and number of facial rejuvenation surgeries in the country was around 7,205.

Browse 36 Market Data Tables and 27 Figures spread through 178 Pages and in-depth TOC on ‘Surgical Microscope Market’- Global Forecast to 2027, Global Surgical Microscope Market, by Product Type (Neurosurgery and Spine Surgery Microscopes, ENT Surgery Microscopes, Dentistry Microscopes, Oncology Microscopes, Gynecology Microscopes, Urology Microscopes, Ophthalmology Microscopes, Plastic & Reconstructive Surgery Microscopes, and Other Surgery Microscopes), by Configuration (Wall Mounted, Table Top, Ceiling Mounted, and On Casters), by End User (Hospitals, Ambulatory Surgical Centers, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

North America is expected to hold dominant position in the Surgical Microscope Market over the forecast period, owing to adoption of growth strategies such as product launches and investment by the market players in the region to expand their market presence. For instance, in September 2018, Leica Microsystems launched PROvido, a multidisciplinary microsurgery microscope. PROvido is equipped with FusionOptics technology which provide high resolution and enhance surgeon’s compliance by offering detailed surgical view. The product launch helped Leica Microsystems to offer a wide range of products in the market.

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Moreover, rising adoption of inorganic growth strategies such as distribution agreement, collaborations, and acquisitions by market players in North America is expected to boost the Surgical Microscope Market growth in the region during the forecast period. For instance, in June 2017, Seiler Medical, a division of Seiler Instrument Inc., entered into a collaboration with Henry Schein, a dental distributor in the U.S. Under this partnership, Henry Schein will distribute Seiler’s dental microscopes in the U.S.

Key Takeaways of the Surgical Microscope Market:

The global Surgical Microscope Market is expected to exhibit a CAGR of 9.4% over the forecast period, owing to increasing adoption of collaboration and acquisition strategies and rising product launches by the market players. For instance, in April, 2017, Leica Microsystems launched a new generation of augmented reality imaging technologies for surgical microscopes. The new system offers augmented reality technology to assist surgeons during neurosurgery.

Among configuration, on casters segment held dominant position in the Surgical Microscope Market in 2018, owing to development and launches of technologically advanced devices by market players. For instance, in May 2019, Carl Zeiss Meditec AG launched on casters ARTEVO 800, which is the first digital microscope indicated for ophthalmic surgery.

Among end user, hospitals segment held dominant position in the Surgical Microscope Market in 2018, owing to increasing number of neurosurgeries and spine surgeries. For instance, according to the data published in the Journal of Neurosurgery in April 2019, around 22.6 million patients suffer every year from neurological disorders, of which around 13.8 million patients require surgery globally.

Companies operating in the global Surgical Microscope Market include Carl Zeiss Meditec AG, Leica Microsystems, Takagi Seiko Co., Ltd., Topcon corporation, Alcon, Alltion(Wuzhou) Co., Ltd., HAAG-STREIT SURGICAL, Seiler Precision Microscopes, ARI Medical Equipment Co., Ltd., and CHAMMED

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