Hospitals are the Major End User of the Surgical Microscopes Market

Date: 2015-08-20

“Developing markets such as the Middle East, Brazil, Argentina, Mexico, China, and India are lucrative markets for surgical microscopes, owing to favorable government incentives. 

The report segments the surgical microscopes market is segmented on the basis of application, end user, and region. On the basis of applications, the surgical microscopes applications market is categorized into neuro & spine surgery, plastic & reconstructive surgery, oncology, ophthalmology, gynaecology & urology, ENT, dentistry, and documentation. In this market, Oncology is the fastest growing application due to growing prevalence of cancer around the world. 

Hospitals are the major end user of the surgical microscopes market, followed by outpatient facilities. The large share of this segment can be attributed to the growing usage of surgical microscopes in complex procedures such as neurology, ENT and dental, and implementation of less invasive surgical instruments during MIS procedures in hospitals.

New and innovative product launches was the dominant strategy adopted by key industry participants to increase their market share and cater to unmet needs.

The deviations and overlap of revenue between applications in a number of sources was the major challenge faced while estimating market size. This challenge was overcome by validating data through a large number of industry experts and key opinion leaders.

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