New York (US) – Key Companies Covered in the Ophthalmic Operating Room Microscope Market Research are Carl Zeiss Meditec AG, Novartis AG, Topcon Corporation, Kaps GmbH & Co. KG, Takagi Seiko Co., Ltd., Metall Zug Group, Danaher Corporation, Seiler Instrument Inc., Devine Meditech Ptv. Ltd., and Inami & Co., Ltd. and other key market players.
The global ophthalmic operating room microscope market was valued at $7,632 million in 2019 and is expected to reach $11.947.64 million by 2027 with a CAGR of 5.80% during the forecast period.
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Ophthalmic operating microscope is designed to provide high contrast and detailed imaging of all regions of the human eye. An apochromatic lens will provide high light transmission, permitting high-quality imaging at lower light intensities. Certain models of ophthalmic surgery microscope provide multiple lighting options such as the ability to switch between halogen and xenon. An ophthalmic surgical microscope can either be fixed or adjustable, and some models provide an observer set of binoculars, some of which can independently adjust the focusing mechanism.
Rise in prevalence geriatric population and increase in effectivity of minimally invasive ophthalmic surgeries acts as the key driving forces of the global ophthalmic operating room microscope market. In addition, upsurge in prevalence of various eye-related diseases globally is expected to propel the market growth. However, increase in custom tax restricts the medical devices import, which limits the growth of the market. Moreover, high cost of maintenance is expected to hamper the market growth. Conversely, extensive research & development efforts in ophthalmology and evolution in ophthalmic imaging are expected to offer potential growth opportunities for the global market during the forecast period.
The global ophthalmic operating room microscope market is segmented into configuration, application, end user, and region. On the basis of configuration, the market is fragmented into on caster, wall mount, table top, and ceiling mounted. By application, it is categorized into LASIK, cataract surgery, keratoplasty surgery, trabeculectomy, and others. Depending on end user, it is differentiated into hospitals & clinics, ambulatory surgical centers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Intense competitive rivalry has been witnessed in the global ophthalmic operating room microscope market, as major market participants are focusing on the adoption of growth strategies such as product launches and collaborations to gain substantial share in the market.
The Centers for Medicare and Medicaid Services data estimates that the U.S. national healthcare expenditure surpassed US$ 4.1 trillion in 2020 and is forecast to reach US$ 6.2 trillion by 2028. According to the Commonwealth Fund, the U.S. expended nearly 17% of gross domestic product (GDP) on healthcare in 2018. Switzerland was the second-highest-ranking country, expending 12.2%. In addition, New Zealand and Australia devote only 9.3%.
According to the U.S. Bureau of Labor Statistics, employment in healthcare fields is forecast to grow 16% from 2020 to 2030, much quicker than the standard for all occupations, counting about 2.6 million new jobs. This estimated growth is mainly due to an elder population, showing to greater demand for healthcare services. The median annual wage for healthcare practitioners and technical fields (such as registered nurses, physicians and surgeons, and dental hygienists) was US$ 75,040 in May 2021, which was greater than the median annual wage for all occupations in the economy of US$ 45,760.
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KEY BENEFITS FOR STAKEHOLDERS – The study provides an in-depth analysis of the global ophthalmic operating room microscope market with current trends and future estimations from 2019 to 2027 to elucidate the imminent investment pockets. – Comprehensive analysis of factors that drive and restrict the market growth is provided. – Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global & regional scale are provided. – Key players are profiled and their strategies are analyzed thoroughly to understand the competitive outlook of the market.
Key Market Segments By Configuration – On Casters – Wall Mount – Table Top – Ceiling Mounted
By Application – Cataract Surgery – Keratoplasty Surgery – Trabeculectomy – Others
By End User – Hospital & Clinics – Ambulatory Surgical Centers – Others
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By Region o North America ? U.S. ? Canada ? Mexico o Europe ? UK ? Germany ? France ? Italy ? Spain ? Rest of Europe o Asia-Pacific ? China ? Japan ? India ? Australia ? South Korea ? Rest of Asia-Pacific o LAMEA – Brazil – Saudi Arabia – South Africa – Rest of LAMEA
Key Benefits for Industry Participants & Stakeholders
Key Questions Answered in the Market Report
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