PORTLAND, Oregon, November 15, 2016 /PRNewswire/ -- A new report published by Allied Market Research titled, " Surgical Microscopes Market by Application, End-User, Price Range, Geography - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", projects that the global surgical microscopes market would reach $818 million by 2022 from $447 million in 2015, growing a CAGR of 8.9% from 2016 to 2022. Ophthalmology application segment is expected to remain the highest revenue-generating segment throughout the forecast period. North America held the leading position in the global market in 2015, and is expected to maintain its lead throughout the study period. (Logo: http://photos.prnewswire.com/prnh/20140911/647229 ) Summary of the Surgical Microscopes Market Report can be accessed on the website at:https://www.alliedmarketresearch.com/surgical-operating-microscopes-market The demand for surgical microscopes has witnessed tremendous growth due to growth in global geriatric population, increase in R&D activity in life science sector, growth in health care infrastructure, and increase in demand for minimally invasive surgeries. In addition, governmental funding & support for implementing the healthcare infrastructure and technological advancement are some of the factors anticipated to play a major role in the growth of the developed markets. However, sale of used and refurbished equipment and high pricing of equipment in developing region are some of challenges, which can hamper the growth of the market to some extent during the forecast period. "T echnologically advanced products and customizations for clinical and pre-clinical applications have enabled Tier II and Tier III players to penetrate into the market; while, Tier I players have strengthened their market position through organic growth and acquisitions strategies." Says Analyst, Jayant Nannore, at AMR Ophthalmology segment dominated the market in 2015 with one-fourth market share, and is expected to maintain its dominance throughout the forecast period due to increase in population undergoing ophthalmic surgeries worldwide. Moreover, ENT segment is projected to exhibit higher growth rate among all the other applications, closely followed by plastic & reconstructive surgery and oncology segments.