The size of the Surgical Microscopes Market in Europe was worth USD 166.53 million in 2020. This value is estimated to be growing at a CAGR of 10.56% and reaches USD 275.09 million by 2024 during the forecast period.
A surgical microscope is an optical medical device that is specifically designed for 3D visualization of microsurgery. It enables optimal surgical outcomes through high-quality optical images. It also offers freedom of movement to the surgeon while performing critical medical surgeries. It has an essential part in a surgical setting and enables staff, students, and patients to have the same view as the surgeon.
There are many varieties of surgical microscopes depending upon their medical applications. With the technology advancements, customized surgical microscopes are being developed based on their function. As per WHO statistics, cancer is responsible for 13% global death. Surgical microscopes can reduce the throughout time for patients and increase the diagnostic efficacy. Innovative surgical microscopes are being developed for highly demanding ENT surgeries, Ophthalmology, and neurosurgical applications.
Major drivers for the market are the advancements in healthcare facilities, growth in customized microscopy solutions, an increase in the number of surgeries, increasing government funds for the healthcare sector, growing demand for minimally invasive surgeries, and increasing need for fluorescence image-guided surgery. However, the high cost of advanced microscopes and heavy custom duties and excise duty by the government would harm the growth of the European surgical microscopes market.
This research report segmented and sub-segmented the North America Surgical Microscopes Market into the following categories and evaluated market size and forecast to each segment until 2024.
Among the end-users, the hospitals dominated the North American surgical microscope industry in 2019.
Based on the region, the market is projected to grow strongly during the forecast period due to various factors such as increasing surgery cases, financial strength to procure expensive tools, and favorable reimbursement policies. The European market has a share of 26% Global market. It has a CAGR of 10.56% owing to the presence of less stringent surgical microscopes approval regulations and the availability of ample untapped opportunities in emerging European countries.
Promising companies operating in the Europe Surgical Microscopes Market profiled in this report are Accu-Scope, Inc., Novartis AG, Alltion (Wuzhou) Co., Ltd, Haag-Streit U.S, Danaher Corporation, Alcon Laboratories, Inc., Olympus Corporation ARRI AG, Leica Microsystem GmbH, Carl Zeiss, Topcon Medical Systems, Inc., Global Surgical Corporation & Takagi Seiko co., Ltd.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.3 Ear, Nose and Throat(ENT) Surgery
5.1.4 Neuro and Spine Surgery
5.1.8 Plastic and Reconstructive Surgery
5.1.11 Y-o-Y Growth Analysis, By Application
5.1.12 Market Attractiveness Analysis, By Application
18.104.22.168 Market Share Analysis, By Application
5.2 End user
5.2.3 Outpatient surgical centres
5.2.4 Y-o-Y Growth Analysis, By End user
5.2.6 Market Attractiveness Analysis, By End user
5.2.7 Market Share Analysis, By End user
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Application
188.8.131.52 By End user
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Application
18.104.22.168 By End user
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Application
188.8.131.52 By End user
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Accu-Scope, Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Novartis AG
8.3 Alltion (Wuzhou) Co., Ltd.
8.4 Haag-Streit U.S.
8.5 Danaher Corporation
8.6 Alcon Laboratories, Inc.
8.7 Olympus Corporation ARRI AG
8.8 Leica Microsystem GmbH
8.9 Carl Zeiss
8.10 Topcon Medical Systems, Inc.
8.11 Global Surgical Corporation
8.12 Takagi Seiko co., Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures