Here are five things to know:
1. The market totaled $508.1 million last year.
2. The report expects the market to hit $915.6 million by 2021, increasing at a compound annual growth rate of 12.5 percent.
3. Factors spurring market growth include increased use of fluorescence image-guided surgery, a higher demand for minimally invasive procedures, more surgeries, technological and facility advancements as well as customized microscope solutions.
4. The microscopes’ escalated price and the U.S. excise tax are impeding market growth. High custom duties on medical devices may also hinder expansion.
5. The neuro and spine surgery segment held the largest market share in 2016.
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.