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.
Growing usage levels of surgical microscopes due to the rising minimally invasive surgical procedures and increasing R & D in the drug discovery and life science are expected to drive the European surgical microscopes market. Additionally, the availability of skilled neuro and cosmetic surgeons and the presence of highly advanced infrastructure in Europe are expected to as market drivers during the forecast period. The rising aging population, the number of ambulatory surgeries across Europe, and a growing number of ENT clinics and dentistry surgeries are co-operating to the market to grow to the next level in Europe.
High costs associated with the advanced surgical microscopes and lack of experienced professionals and limited technical knowledge regarding surgical microscopes are also expected to restrain the market growth to a small extent.
This research report has been segmented and sub-segmented the European Surgical Microscopes Market into the following categories:
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% due to less stringent surgical microscopes approval regulations and ample untapped opportunities in emerging European countries.
The German surgical microscopes market is expected to dominate from 2020 to 2025 due to the increased demand and technologically advanced surgical products such as wide-angle illumination and red-reflex illumination. Growing per capita and healthcare expenditure and a rising number of out-patient facilities support the market in Germany.
The UK is closely following Germany in leading the majority share in the European market. Increasing utilization of surgical microscopes and the execution of less invasive surgical instruments at the time of MIS procedures in hospitals. Usage of Fluorescence-Image Guided Surgery (FIGS) and custom microscopy systems contribute to the surgical microscopes market during the analysis period.
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
22.214.171.124 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
126.96.36.199 By Geographical Area
188.8.131.52 By Application
184.108.40.206 By End user
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Application
22.214.171.124 By End user
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Application
184.108.40.206 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