MarketsandMarkets released a new report on the surgical and operating microscope market.
Here are five key trends from the report:
1. The surgical and operating microscope market will be worth $806.6 million by 2020.
2. The market is expected to grow at a compound annual growth rate of 12.3 percent over the next five years.
3. High speed diagnostics, healthcare facility advancements and an increasing demand for minimally invasive surgeries is driving the surgical microscopes market.
4. High costs of advanced microscopes, the medical device excise tax and heavy custom duty on medical devices are expected to hinder market growth.
5. North America accounted for the largest share of the surgical microscope market, and the Asia-Pacific is expected to register the highest growth rate over the next five years.