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Surgical Microscope Market size anticipated to rise at over 10% CAGR to surpass USD 900 million by 2023: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024 Low Power Wide Area Network
Regional Analysis of Surgical Microscope Market : • In 2015, North America surgical microscope market dominated global revenue generation, with over 30% share due to wide technical applications and improved healthcare facilities in the region. • Asia Pacific is expected to exhibit high growth due to the presence of enormous potential associated with healthcare services in the region. • India and China are expected to be the fastest growing countries in the region due to huge population base and increasing government initiatives towards healthcare improvement.
Application Analysis of Surgical Microscope Market : • Based on application, the industry is categorized into neuro & spine surgeries, ophthalmology, plastic & reconstructive surgeries, oncology, gynecology & urology, ENT and dentistry. • Oncology is the fastest rising application with around 20% share due to growing prevalence of cancer around the world. • Based on end users, the operating microscope market is classified into physicians’/dentists’ clinic and hospitals. Hospitals are the largest end users. • Growing number of surgeries and financial support by government, higher number of patients and surgeries and more financing capabilities of patients are the major drivers for this segment. • Independent clinics are growing with a significant rate of 10% over the forecast period. The availability of smaller operating microscopes and growing dentistry industry is estimated to drive the demand for this sector.
Competitive Market Share of Surgical Microscope Market : • Key companies contributing to the surgical microscope market share are Leica Microsystems, Alltion, Alcon Laboratories, Haag Streit Surgical, Accu-Scope, Arri, Carl Zeiss, FEI, and Takagi Seiko. • New launches, improvement of products, technological innovation, and strategic partnership such as mergers and acquisition are the key initiatives in the industry. • In 2014, Alcon acquired WaveTec Vision which is a developer of an intraoperative guidance system designed for cataract. This helped Alcon to strengthen its ophthalmic surgical product portfolio.
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