The size of the Surgical Microscopes Market in Europe was worth USD 184.12 million in 2022. This value is estimated to grow at a CAGR of 10.56% and worth USD 304.14 million by 2027.
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 highly advanced infrastructure in Europe is 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 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 on the European Surgical Microscopes Market has been segmented and sub-segmented into the following categories:
By Price Range:
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.
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