The surgical microscopes market size was valued at $612.79 million in 2020, and is estimated to reach $1399.09 million by 2030, growing at a CAGR of 8.6% from 2021 to 2030.Surgical microscope is a solution to present problem of complex and difficult surgical interventions. The common examples of procedures that use surgical microscope include endodontic retreatment and anastomosis among others. The basic characteristic of an operational microscope is its design, which facilitates ease of operations to surgeons. The other parameters that define a surgical microscope are stereoscopic visualization, illuminating system for illumination of the operating field evenly, a stable but mobile stand with balanced suspensions, a magnification changer, and higher focal length for operating in depth.
The global surgical microscope market growth is majorly driven by alarming increase in number of neuro-surgeries; rise in government initiatives for development of pharmaceutical &medical device industry; and increase in number of approvals for surgical microscopes. In addition, as per the statistics provided by the American Society of Plastic Surgeons in 2019, approximately 1.8 million cases of cosmetic minimally-invasive surgeries were performed in the U.S. Moreover, as per the American Cancer Society Statistics 2021, in the U.S, there were about 44,280 new cases of thyroid cancer, out of which 12,150 were in men and 32,130 in women. Furthermore, in addition, the key players Olympus Corporation and Alcon Laboratories, which provide numerous surgical microscopes products, contribute toward the market growth. Hence, the rise in incidences of emergency surgeries and extensive use of surgical microscopes propel the growth of the market.
Increase in number of ENT disorders is the major factor that drives the global surgical microscope market. Rise in demand for surgical microscopes by medical professionals’ acts as a key driving force for expansion of the global market.
Increase in incidences of chronic diseases in overall population is one of the major factors that drive the market. Chronic diseases are described as problems that persist a year or longer and need continuous medical treatment that limit everyday activities or both. Early diagnosis of chronic diseases increases chances of successful treatment. Therefore, healthcare providers continuously emphasize on early diagnosis of clinical disorders rather than spending heavily on expensive treatments. In addition, to cater to this issue, the World Health Organization (WHO) has launched several cancer prevention programs across different nations, such as India, Korea, and Ireland to lower the number of cancer cases. These programs intend to improve quality of life for cancer patients by implementing evidence-based strategies for prevention, early diagnosis, treatment, and palliation.
However, products recall by Food Drug Administration is anticipated to hinder the market growth. People, nowadays are more aware of health, which, in turn, compels them to maintain their health condition and increase the demand for surgical microscope. This has further encouraged many key players to enter emerging markets, thus offering a lucrative growth opportunity in the surgical microscope market.
By application, the market is segmented into dentistry, ENT, gynecology & urology, neurosurgery & spine surgery, oncology, ophthalmology, plastic, and reconstructive surgeries.
By end-user, the market is segmented into hospital and outpatient facilities. On the basis of price range, the market is segmented into low-range, mid-range, and premium range products. As per end user, it is divided into hospitals, ambulatory surgical centers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global surgical microscope market are AccuscopeInc, Takagei Seiko Ltd, AlltionCo.Ltd, ARRI AG, Carl Zeiss AG, Haag StreitInc, Olympus Corporation, Danaher Corporation, Alcon Laboratories and Topocon Medical Systems Inc.
The global surgical microscope market growth is majorly driven by alarming increase in number of neuro-surgeries; rise in government initiatives for development of pharmaceutical &medical device industry; and increase in number of approvals for surgical microscopes. In addition, as per the statistics provided by the American Society of Plastic Surgeons in 2019, approximately 1.8 million cases of cosmetic minimally-invasive surgeries were performed in the U.S. Moreover, as per the American Cancer Society Statistics 2021, in the U.S, there were about 44,280 new cases of thyroid cancer, out of which 12,150 were in men and 32,130 in women. Furthermore, in addition, the key players Olympus Corporation and Alcon Laboratories, which provide numerous surgical microscopes products, contribute toward the market growth. Hence, the rise in incidences of emergency surgeries and extensive use of surgical microscopes propel the growth of the market.
Increase in number of ENT disorders is the major factor that drives the global surgical microscope market. Rise in demand for surgical microscopes by medical professionals’ acts as a key driving force for expansion of the global market.
Increase in incidences of chronic diseases in overall population is one of the major factors that drive the market. Chronic diseases are described as problems that persist a year or longer and need continuous medical treatment that limit everyday activities or both. Early diagnosis of chronic diseases increases chances of successful treatment. Therefore, healthcare providers continuously emphasize on early diagnosis of clinical disorders rather than spending heavily on expensive treatments. In addition, to cater to this issue, the World Health Organization (WHO) has launched several cancer prevention programs across different nations, such as India, Korea, and Ireland to lower the number of cancer cases. These programs intend to improve quality of life for cancer patients by implementing evidence-based strategies for prevention, early diagnosis, treatment, and palliation.
However, products recall by Food Drug Administration is anticipated to hinder the market growth. People, nowadays are more aware of health, which, in turn, compels them to maintain their health condition and increase the demand for surgical microscope. This has further encouraged many key players to enter emerging markets, thus offering a lucrative growth opportunity in the surgical microscope market.
By application, the market is segmented into dentistry, ENT, gynecology & urology, neurosurgery & spine surgery, oncology, ophthalmology, plastic, and reconstructive surgeries.
By end-user, the market is segmented into hospital and outpatient facilities. On the basis of price range, the market is segmented into low-range, mid-range, and premium range products. As per end user, it is divided into hospitals, ambulatory surgical centers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global surgical microscope market are AccuscopeInc, Takagei Seiko Ltd, AlltionCo.Ltd, ARRI AG, Carl Zeiss AG, Haag StreitInc, Olympus Corporation, Danaher Corporation, Alcon Laboratories and Topocon Medical Systems Inc.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the surgical microscopes market analysis from 2020 to 2030 to identify the prevailing surgical microscopes market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the surgical microscopes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global surgical microscopes market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Plastic And Reconstructive Surgeries
- Dentistry
- Ent
- Gynecology Urology
- Neurosurgery Spine Surgery
- Oncology
- Ophthalmology
By End-User
- Hospitals
- Outpatient Facilities
By Price Range
- Low-Range
- Mid-Range
- Premium-Range
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Rest of LAMEA
Key Market Players
- Alltion (Wuzhou) Co., Ltd.
- Haag-Streit U.S.
- Alcon Laboratories, Inc.
- Olympus Corporation
- Leica Microsystem GmbH
- ARRI AG
- Carl Zeiss
- global surgical corporation
- Topcon Medical Systems, Inc.
- TAKAGI SEIKO CO., LTD.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SURGICAL MICROSCOPES MARKET, BY APPLICATION
CHAPTER 5: SURGICAL MICROSCOPES MARKET, BY END-USER
CHAPTER 6: SURGICAL MICROSCOPES MARKET, BY PRICE RANGE
CHAPTER 7: SURGICAL MICROSCOPES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Surgical Microscopes Market,' the surgical microscopes market was valued at $612.79 million in 2020, and is estimated to reach $1.4 Billion by 2030, growing at a CAGR of 8.6% from 2021 to 2030.Surgical microscope is a mechanically or electrically operated optical device, specifically designed for use in surgical settings to perform microsurgeries. It has a combination of lenses, which provides magnification, stereoscopic vision, and illuminated image of the surgical area. Surgical microscopes are ergonomically designed to provide strain-free operation to users. These microscopes find applications in dentistry, ENT, gynecology, urology, neurosurgery & spine surgery, oncology, ophthalmology, and plastic & reconstructive surgeries.
Factors that drive the global surgical microscopes market growth include increased prevalence of ophthalmic diseases among geriatric population across the globe. Subsistence of chronic diseases, such as cardiovascular disease, neuropathic disorders, and ENT disorders among adults has increased the demand for these microscopes. Thus, growth in prevalence of ophthalmic and chronic diseases coupled with rise in geriatric population and complexities in treatment are expected to foster the usage of surgical microscope, worldwide. Furthermore, rise in such chronic diseases, surge in hospital admissions &increased initiatives, investments to tackle these chronic diseases are anticipated to drive the surgical microscopes market size. Further, the FDA aims to enhance the availability of appropriate, reliable, and accurate surgical microscopes to meet public health needs.
Moreover, development of pharmaceutical & medical device industries and improvement in healthcare spending are anticipated to drive the growth of the surgical microscopes industry. In addition, upsurge in number of cancer cases led to development of innovative instruments in the healthcare sector, thereby propelling growth of the market.
Moreover, initiatives taken by governments for development of surgical products and healthcare sector for manufacturing of surgical microscopes are the key factors that boost the growth of the market. Furthermore, surge in geriatric population, who are more vulnerable to chronic diseases, led to increase in number of surgeries that propelled the growth of the surgical microscopes market size.
The technological advancements in surgical microscope products, launch of various solutions for fast, & accurate diagnosis, to fulfill the unmet medical demands, and rise in chronic diseases are anticipated to drive the market.
The global surgical microscope market is segmented on the basis of application, end user, price range, and region. On the basis of application, the market is divided into dentistry, ENT, gynecology & urology, neurosurgery & spine surgery, oncology, ophthalmology, plastic, and reconstructive surgeries. The ophthalmology segment dominated the market in 2020, and this trend is expected to continue during the forecast period owing to increase in number of chronic diseases, advancements in R&D activities in pharmaceutical & medical device industries, and surge in adoption of surgical microscope instruments. these factors leads to drive the surgical microscopes market share.
By end-user, the market is segmented into hospital and outpatient facilities. The outpatient facilities segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to rise in number of neurological diseases that increases the number of surgeries and advancements in R&D activities in pharmaceutical & medical device industries. As per end user, it is divided into hospitals, ambulatory surgical centers, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Region wise, North America accounted for a majority of the global surgical microscopes market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of spinal surgeries, increase in number of approvals for surgical microscope, presence of key players, and development in technology for healthcare. Asia-Pacific is anticipated to witness lucrative growth owing to increase in dental surgeries, rise in number of geriatric populations, growth in healthcare expenditures, and surge in adoption of surgical microscope product.
Companies Mentioned
- Alltion (Wuzhou) Co., Ltd.
- Haag-Streit U.S.
- Alcon Laboratories, Inc.
- Olympus Corporation
- Leica Microsystem GmbH
- ARRI AG
- Carl Zeiss
- global surgical corporation
- Topcon Medical Systems, Inc.
- TAKAGI SEIKO CO., LTD.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 612.79 million |
| Forecasted Market Value ( USD | $ 1399.09 million |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
