Ophthalmic OR Microscope Market Predicted to Reach USD 593.18 Million by 2027 ; CAGR of 5.1% During 2019-2027
According to the report published by Allied Market Research, the global Ophthalmic Operating Room Microscope Market generated $439.39 million in 2019, and is projected to reach $593.18 million by 2027, witnessing a CAGR of 5.1% from 2020 to 2027. The report provides detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, competitive scenario, and regional landscape.
The global ophthalmic operating room microscope market is witnessing significant growth driven by factors such as the rising geriatric population, growing popularity of minimally invasive ophthalmic surgeries, and an increase in the prevalence of various eye-related diseases worldwide. Despite these positive trends, the market faces challenges, including a rise in customs tax and high maintenance costs that impede its growth.
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Covid19 Impact on Ophthalmic Operating Room Microscope Market
In the context of the Covid-19 pandemic, the healthcare system has experienced increased pressure due to the surge in Covid-infected patients. Consequently, non-emergency surgical procedures and in-hospital therapies have been postponed to manage the overwhelming demand for healthcare services. This has directly impacted ophthalmic surgeries, with many being delayed.
The nature of routine ophthalmic examinations, which involve close contact between doctors and patients, poses a risk of cross-infection, particularly through tears. As a result, a cautious approach has been adopted, leading to the avoidance and postponement of ophthalmic surgeries during the pandemic.
Despite these challenges, the global ophthalmic operating room microscope market is expected to find new opportunities in the coming years. The ongoing comprehensive research and development activities in the field of ophthalmology, coupled with advancements in ophthalmic imaging, are poised to create lucrative prospects for the market’s growth in the near future.
The cataract surgery segment was the major contributor to the global ophthalmic operating room microscope market in 2019, holding nearly half of the market share. This segment is anticipated to maintain its dominant position throughout the forecast period. On the other hand, the LASIK segment is projected to exhibit the highest compound annual growth rate (CAGR) of 6.4% from 2020 to 2027.
In terms of regional analysis, North America held the largest market share in 2019, accounting for more than two-fifths of the total market. The region is expected to sustain its leading position in revenue contribution over the forecast period. However, the Asia-Pacific region is forecasted to experience the highest CAGR of 6.4% during the same period.
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Leading players of the global ophthalmic operating room microscope market analyzed in the research include
Alcon (Novartis AG),
Carl Zeiss Meditec AG,
Johnson & Johnson,
Takagi Seiko Co., Ltd,
Inami & Co., Ltd,
Topcon Corporation,
Leica Microsystems (Danaher Corporation),
(Haag-Streit Holding) Metall Zug Group,
Kaps GmbH & Co. KG,
Seiler medical.
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