According to the report titled ‘Surgical Microscopes Market Size By Device Type (Tabletop, On Casters, Wall Mounted, Ceiling Mounted), By Application (Dentistry, Urology, Oncology, Gynecology, ENT Surgery, Neurosurgery, Ophthalmology, Spine Surgery, Plastic & Reconstructive Surgery), By End-use (Hospitals, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027,’ available with MarketStudyReport, global surgical microscopes market is expected to exhibit substantial growth during the period 2021-2027.
 

Surging prevalence of chronic ailments, and rising proportion of the geriatric population are factors augmenting the growth of global surgical microscopes market.
 

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For those unaware, surgical microscopes are used in operating rooms as they give excellent illumination, a clear view of the surgical field, and adjustable magnification which enhances the precision during surgical operations.
 

Moreover, technological advancements have led to the innovation of devices, which has significantly bolstered the progress of the business environment.
 

Despite the positive outlook, a dearth of skilled professionals with adequate knowledge, and high costs of such equipment has led to low acceptance across healthcare sector which is likely to hamper industry development in the forthcoming years.
 

Based on device type, on casters segment accounted for a major market share with a valuation of USD 669 million in 2020 and is anticipated to expand remarkably during the forecast period, owing to functional benefits like repositioning, optimum stability, and better maneuvering.
 

In terms of application spectrum, the oncology segment held a 7.7% revenue share in worldwide surgical microscopes industry in 2020 and is estimated to grow at 11.5% CAGR during the analysis period, due to the increasing incidences and death rate of cancer. Furthermore, the introduction of interventional oncology is anticipated to boost segmental growth through 2027.  
 

Concerning end-use ambit, the ambulatory surgical centers segment is predicted to generate USD 778 million during the study timeline, due to soaring demand for cost-effective surgical treatments, shorter stays, and availability of cutting-edge medical technology in these settings.
 

From a regional standpoint, Middle East & Africa market was valued at UD 35 million in the year 2020 and is poised to witness robust expansion during the assessment timeframe, due to the rising number of people diagnosed with chronic diseases in need of surgical intervention. 
 

The competitive landscape of global surgical microscopes market is defined by companies such as Labomed Inc., Takagi Seiko Co. Ltd., Munich Surgical Imaging GmbH, Synaptive Medical Inc., Chammed Co. Ltd., Seiler Instrument & Mfg. Co., Alltion Co. Ltd., Haag-Streit Surgical GmbH & Co. KG, Carl Zeiss Meditec AG, Olympus Corporation, Leica Microsystems GmbH, Alcon Laboratories Inc., and Topcon Corporation among others.