Surgical Microscopes Market Segmentation:
Application Segment Analysis
The global surgical microscopes market is segmented and analyzed for demand and supply by application into ophthalmology, oncology, neuro & spine surgery, gynecology & urology, dentistry, ENT surgery, plastic & reconstructive surgery, and other surgeries. Out of these segments, the oncology segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rapidly growing occurrence of cancer, that is spiking the demand for surgical microscopes globally. For instance, in 2019, approximately 2 million new cancer cases were diagnosed, and nearly 610,370 cancer deaths were reported in the United States. Furthermore, surgical microscopes are used in surgery for the colorectal cancer treatment, followed by the surging number of people suffering from colorectal cancer and it is projected to drive the segment’s growth in the market.
End-user Segment Analysis
The global surgical microscopes market is also segmented and analyzed for demand and supply by end-user into hospitals, ambulatory centers, clinics, and others. Amongst these segments, the hospitals segment is expected to garner a significant share over the forecast period. The growth of this segment is owing to the rising ratio of patient hospitalizations, followed by the increased proportion of complex surgeries performed in hospitals. For instance, based on a report published in 2022, the total patient admissions in all hospitals in the United States have topped around 34,358,855. Additionally, the escalating use of surgical microscopes in dental procedures is another prominent factor that is anticipated to fuel market growth in the coming years. On the other hand, the clinics segment is also projected to witness a massive CAGR during the forecast period, owing to the rising awareness about physical appearance, and aesthetics that is boosting the ratio of aesthetical procedures worldwide.
Our in-depth analysis of the global market includes the following segments:
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