The global Ophthalmic Operating Microscopes market is expected to reach USD 2.00 Billion by 2027, according to a new report by Reports and Data. Growing demand for surgeries across the globe is expected to drive the market demand for Ophthalmic Operating Microscopes. Surgery, a basic component of health care systems, is used in treating a wide range of diseases to improve human health. Surgeries are necessary for everyone ranging from infants with congenital abnormalities to the aged with cataracts. Often, it is an element of curative care like cancer, along with the treatment of chronic diseases, including osteoarthritis.
Rise in the geriatric population is one of the significant factors influencing the market growth. It has been estimated that by 2050 approximately 16.0% of the global population will be aged more than 65 years, which expected to increase fivefold since 1950. Forecasts from the World Health Organization (WHO), United Nations (UN), and the EU commission all indicate aging as a significant challenge for society, which demands concentrated efforts to meet the requirements of the elderly.
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Further key findings from the report suggest:
- By product type, on-casters contributed to the largest market share in 2019 and is estimated to grow at a rate of 9.9% in the forecast period. On-casters Ophthalmic Operating Microscopes are floor-mounted devices possessing retractable casters with wheels. The caster is meant to offer complete equilibrium, permitting the free movement of the microscope. In clinical settings with distant walls or high ceilings, the on-caster type is preferable.
- By application, ophthalmology held the second-largest market share in 2019 and is expected to grow at a rate of 9.8% in the period 2019-2027. The human eye is a very delicate organ, and therefore performing ophthalmic surgery demands the ability to observe surgical progress on a micro-level. Ophthalmic Ophthalmic Operating Microscopes are intended to provide high contrast and comprehensive imaging of all areas of the human eye. It can either be adjustable or fixed, and specific models give a secondary observer set of binoculars, few of which can autonomously regulate the focusing mechanism.
- By end-users, hospitals dominated the market in 2019 and are expected to grow at a rate of 10.1% in the forecast period. The factors including well-resourced operating rooms, higher purchasing power, the existence of highly skilled healthcare professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
- The market in the Asia Pacific region is likely to witness the highest growth rate of 11.5% in the period 2020-2027. The high growth of the APAC region is owing to the increasing demand for the Ophthalmic Operating Microscopes in emerging economies, such as China and India, owing to a rise in the level of disposable income, increasing target conditions, and rising healthcare standards, among others.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product service portfolio. The Ophthalmic Operating Microscopes market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in RD, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market are:
Alcon, Topcon Corporation, Seiler Instrument Inc., Carl Zeiss Meditec AG, Leica Microsystems, ARI Medical Technology Co. Ltd., Takagi Seiko Co. Ltd., Synaptive Medical, Olympus Corporation, and Metall Zug Group, among others.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Ophthalmic Operating Microscopes Market Segmentation:
Product Type Outlook (Revenue, USD Million; 2017-2027)
- Wall Mounted
- On-Casters
- Table-Top
- Ceiling-Mounted
Application Outlook (Revenue, USD Million; 2017-2027)
- Neurosurgery Spine Surgery
- Ophthalmology
- ENT Surgery
- Dentistry
- Plastic Reconstructive Surgery
- Gynecology
- Urology
- Others
End-Users Outlook (Revenue, USD Million; 2017-2027)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
Geographic Segment Covered in the Report:
The Ophthalmic Operating Microscopes report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
• North America (the USA and Canada)
• Europe (UK, Germany, France, and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• the Middle East and Africa (GCC and the rest of the Middle East and Africa)
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Key market aspects are illuminated in the report:
- Executive Summary: It covers a summary of the most vital studies, the Global Ophthalmic Operating Microscopes market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
- Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Ophthalmic Operating Microscopes market, the years measured, and the study points.
- Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
- Manufacture by Region: This Global Ophthalmic Operating Microscopes report offers data on imports and exports, sales, production and key companies in all studied regional markets.
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