According to a new report published by Allied Market Research, titled, โVideo Microscopes Market: Global Opportunity Analysis and Industry Forecast, 2020-2027” Video microscopes offer live feed imaging directly onto a LCD projector, computer, or a digital screen. The major goal for using a video microscope in medical procedures is obtaining clear real-time video imaging of organs or anatomical structures. Majority of the microscopes, widely available in the market provide superior quality high definition (HD) output, which offer clear anatomical visuals of the internal structures to physicians and surgeons thereby, aiding in making better clinical decisions. A wide range of video microscopes is available in the market that vary in terms of setups, and are based on type of camera included and the frames per second (fps) offered by the cameras. Video microscopes with high definition live feed are becoming increasingly popular in the market, due to immense applications, especially in the surgical procedures, diagnostics use and research.
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COVID-19 Scenario Analysis
- Due to the COVID โ 19 outbreak, majority of healthcare, pharmaceutical and biotechnology organizations have concentrated on diagnostics kits, safety wearables (PPE kits, face shields, masks) and treatment therapies and medication against Novel coronavirus
- R&D labs are also focusing on finding a breakthrough vaccine against Novel coronavirus
- In addition, the medical professionals are engaged in providing COVID-19 related services, unavailability if experts to treat patients suffering from cardiac arrests
- As a result, other healthcare segments have to face negligence
- In addition, it has been observed after some research that people with prevalence of cardiac diseases are at higher risk for mortality and morbidity related to COVID-19 compared to the average population
- Henceforth, the video microscopes industry is facing struggles amidst COVID-19 pandemic as various surgeries are put on hold.
Video microscopes market is majorly driven by key factors such as growing R&D activities owing to heavy funding for extensive study for innovating efficient patient management solutions and technologies facilitating ease and precision during surgery practices. The need for video microscopes is rising increasing significantly with its growing applications if various fields and offshoots of medical therapeutics, diagnostics and human anatomical research. This would soar the demand for advanced video microscopes globally. Furthermore, rising burden of chronic diseases including cancer, diabetes, cardiac diseases requiring surgical intervention and supportive government initiatives would propel the video microscopes market in the near future.
According to the statistics published by world health organization (WHO), there has been immense increase in chronic diseases worldwide. In 2001, chronic diseases accounted for almost 60% of the 56.5 million reported deaths with approximately 46% of the burden of disease worldwide. Non-communicable diseases (NCDs) are expected to increase up to 57% by 2020. The geriatric population is expected to rise by 22% by the year 2050, according to WHO. This has pushed the government bodies to implement numerous healthcare initiatives and long-term plans for modernization of healthcare facilities to provide advanced healthcare facilities to the patients. World Health Organization studies confirm that there has been significant rise in the overall healthcare expenditure (% of GDP) that increased to 10.02% in 2016 from 9.2% in 2006 with the steepest rise recorded in the U.S., i.e., from 14.66% in 2016 to 17.07% in 2016. These factors, collectively would create immense opportunities for growth of video microscopes in the global market.
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The key players profiled in this report include Biobase, Microptik, LW Scientific, Olympus Microscopy, Renfert GmBH, PCE Iberica, and Meiji Techno
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- This study presents the analytical depiction of the global video microscopes industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global video microscopes market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global video microscopes market growth scenario.
- Porterโs five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.
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