The surgical microscopes market size has grown rapidly in recent years. It will grow from $1.22 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The increase observed in the historical period can be attributed to early innovations in imaging technology, the development of pioneering surgical techniques, an initial surge in healthcare demand, the early integration of technology in healthcare settings, and the establishment of foundational regulatory standards.
The surgical microscopes market size is expected to see rapid growth in the next few years. It will grow to $2.25 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The anticipated growth in the forecast period can be attributed to the growing demand for minimally invasive procedures, advancements in surgical techniques, trends in an aging population, innovation in digital integration, and advancements in optical and lighting technologies. Major trends expected in the forecast period involve increased educational and training needs, growth in healthcare infrastructure, a focus on regulatory compliance, ongoing innovation in optics and lighting, and further integration of technology in surgical microscopy.
The anticipated increase in the number of surgical procedures is set to drive the growth of the surgical microscopes market in the future. Surgical procedures involve medical interventions that include incisions or manipulations of the body's tissues or organs, typically performed for the diagnosis, treatment, or management of medical conditions, injuries, or diseases. Surgical microscopes play a crucial role in operating rooms during various surgical procedures by providing high-resolution, magnified views of the surgical site. For example, in June 2022, the American Society for Metabolic and Bariatric Surgery (ASMBS) reported that the number of bariatric surgeries performed in 2021 increased to around 262,893 from 198,651 in 2020. Hence, the upward trend in surgical procedures is a key driver for the growth of the surgical microscopes market.
The surge in cancer cases is expected to contribute to the growth of the surgical microscope market. Cancer, characterized by the uncontrolled development of abnormal cells that can spread to other parts of the body, is on the rise. The prevalence of various types of cancer is beneficial for the surgical microscopes market as these devices are used in surgical procedures as well as the diagnosis and staging of cancer. In January 2022, the American Cancer Society projected 609,360 cancer deaths and 1.9 million new cancer cases. Additionally, there are expected to be 10,470 pediatric cancer cases in 2022, with 5,480 teenagers predicted to receive cancer diagnoses in 2023. Therefore, the increasing incidence of various types of cancer is a significant driver for the surgical microscope market.
The high cost of advanced surgical or operating microscopes is anticipated to impede the growth of the surgical microscope market during the forecast period. Technological advancements have led to the development of more sophisticated and expensive surgical microscopes, posing a barrier to their adoption in healthcare facilities, especially in developing countries or those with limited healthcare budgets. For instance, a high-configuration microscope designed for dental applications, as reported by Vakker Dental Inc., has a sale price of $2,200.00 (£1,617.00) and a regular price of $3,000.00 (£2,202.00). Consequently, the elevated cost of advanced surgical or operating microscopes is hindering the growth of the surgical microscope market.
Leading companies in the surgical microscope market are actively innovating to enhance their market profitability by introducing novel products such as the 2ZL BG Slit Lamp Microscope. The 2ZL BG Slit Lamp Microscope, launched by Takagi Seiko Co. Ltd. in May 2022, is a straightforward and practical slit lamp designed to offer high-level performance and usability, coupled with sleek, functional aesthetics. This microscope aids doctors in recording surgical images and provides enhanced protection with a large breather shield. It proves beneficial for ophthalmologists requiring high-quality imaging capabilities. The 2ZL BG Slit Lamp Microscope is part of the surgical microscopes market, which is expected to witness significant growth in the coming years.
In August 2022, Bausch & Lomb Incorporated, a Canada-based manufacturer of eye health products, entered into a collaboration with Munich Surgical Imaging GmbH. This collaboration aims to integrate the latest Munich Surgical Imaging GmbH (MSI) platform designed specifically for the ophthalmology field. The partnership facilitates the merging of MSI's image guidance expertise with Bausch & Lomb's surgical strengths. Munich Surgical Imaging GmbH is a Germany-based manufacturer of surgical microscopes and digital microscopy.
Major companies operating in the surgical microscopes market report are Novartis AG, Alcon Inc., Olympus Corp., Nikon Corporation, Allegion Inc., Carl Zeiss Meditec AG, Topcon Corporation, Leica Microsystems GmbH, MOTIC North America Inc., Takagi Seiko Co. Ltd., Prescott's Inc., Hoverlabs Inc., NovaTech LLC, Gem Optical Instruments Inc., Global Surgical Corporation, Synaptive Medical Inc., ARI Medical Technology Co. Ltd., Labo America Inc., Seiler Instrument & Mfg. Co., Labomed Inc., Jedmed Instrument Co., Inami & Co. Ltd., Unitron Group, Ecleris S.R.L., Hagg-Streit Surgical GmbH, Prior Scientific Instruments Ltd., Accu-Scope Inc., ATMOS MedizinTechnik GmbH & Co. KG.
North America was the largest region in the surgical microscopes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical microscopes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the surgical microscopes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The surgical microscopes market consists of sales of operating microscopes, dental microscopes, ophthalmic microscopes, and fluorescence microscopes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The main types of surgical microscopes include those on casters, wall-mounted, tabletop, and ceiling-mounted. 'On casters' refers to a microscope equipped with wheels or casters, allowing it to be easily moved or rolled from one location to another. Surgical microscopes are used for various applications such as neurosurgery and spine surgery, ear, nose, and throat (ENT) surgery, dentistry, gynecology, urology, ophthalmology, plastic and reconstructive surgeries, among others. These microscopes find applications in end-user settings such as hospitals, physician clinics, and other healthcare facilities.
The surgical microscopes market research report is one of a series of new reports that provides surgical microscopes market statistics, including surgical microscopes industry global market size, regional shares, competitors with a surgical microscopes market share, detailed surgical microscopes market segments, market trends and opportunities, and any further data you may need to thrive in the surgical microscopes industry. This surgical microscope market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The surgical microscopes market size is expected to see rapid growth in the next few years. It will grow to $2.25 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The anticipated growth in the forecast period can be attributed to the growing demand for minimally invasive procedures, advancements in surgical techniques, trends in an aging population, innovation in digital integration, and advancements in optical and lighting technologies. Major trends expected in the forecast period involve increased educational and training needs, growth in healthcare infrastructure, a focus on regulatory compliance, ongoing innovation in optics and lighting, and further integration of technology in surgical microscopy.
The anticipated increase in the number of surgical procedures is set to drive the growth of the surgical microscopes market in the future. Surgical procedures involve medical interventions that include incisions or manipulations of the body's tissues or organs, typically performed for the diagnosis, treatment, or management of medical conditions, injuries, or diseases. Surgical microscopes play a crucial role in operating rooms during various surgical procedures by providing high-resolution, magnified views of the surgical site. For example, in June 2022, the American Society for Metabolic and Bariatric Surgery (ASMBS) reported that the number of bariatric surgeries performed in 2021 increased to around 262,893 from 198,651 in 2020. Hence, the upward trend in surgical procedures is a key driver for the growth of the surgical microscopes market.
The surge in cancer cases is expected to contribute to the growth of the surgical microscope market. Cancer, characterized by the uncontrolled development of abnormal cells that can spread to other parts of the body, is on the rise. The prevalence of various types of cancer is beneficial for the surgical microscopes market as these devices are used in surgical procedures as well as the diagnosis and staging of cancer. In January 2022, the American Cancer Society projected 609,360 cancer deaths and 1.9 million new cancer cases. Additionally, there are expected to be 10,470 pediatric cancer cases in 2022, with 5,480 teenagers predicted to receive cancer diagnoses in 2023. Therefore, the increasing incidence of various types of cancer is a significant driver for the surgical microscope market.
The high cost of advanced surgical or operating microscopes is anticipated to impede the growth of the surgical microscope market during the forecast period. Technological advancements have led to the development of more sophisticated and expensive surgical microscopes, posing a barrier to their adoption in healthcare facilities, especially in developing countries or those with limited healthcare budgets. For instance, a high-configuration microscope designed for dental applications, as reported by Vakker Dental Inc., has a sale price of $2,200.00 (£1,617.00) and a regular price of $3,000.00 (£2,202.00). Consequently, the elevated cost of advanced surgical or operating microscopes is hindering the growth of the surgical microscope market.
Leading companies in the surgical microscope market are actively innovating to enhance their market profitability by introducing novel products such as the 2ZL BG Slit Lamp Microscope. The 2ZL BG Slit Lamp Microscope, launched by Takagi Seiko Co. Ltd. in May 2022, is a straightforward and practical slit lamp designed to offer high-level performance and usability, coupled with sleek, functional aesthetics. This microscope aids doctors in recording surgical images and provides enhanced protection with a large breather shield. It proves beneficial for ophthalmologists requiring high-quality imaging capabilities. The 2ZL BG Slit Lamp Microscope is part of the surgical microscopes market, which is expected to witness significant growth in the coming years.
In August 2022, Bausch & Lomb Incorporated, a Canada-based manufacturer of eye health products, entered into a collaboration with Munich Surgical Imaging GmbH. This collaboration aims to integrate the latest Munich Surgical Imaging GmbH (MSI) platform designed specifically for the ophthalmology field. The partnership facilitates the merging of MSI's image guidance expertise with Bausch & Lomb's surgical strengths. Munich Surgical Imaging GmbH is a Germany-based manufacturer of surgical microscopes and digital microscopy.
Major companies operating in the surgical microscopes market report are Novartis AG, Alcon Inc., Olympus Corp., Nikon Corporation, Allegion Inc., Carl Zeiss Meditec AG, Topcon Corporation, Leica Microsystems GmbH, MOTIC North America Inc., Takagi Seiko Co. Ltd., Prescott's Inc., Hoverlabs Inc., NovaTech LLC, Gem Optical Instruments Inc., Global Surgical Corporation, Synaptive Medical Inc., ARI Medical Technology Co. Ltd., Labo America Inc., Seiler Instrument & Mfg. Co., Labomed Inc., Jedmed Instrument Co., Inami & Co. Ltd., Unitron Group, Ecleris S.R.L., Hagg-Streit Surgical GmbH, Prior Scientific Instruments Ltd., Accu-Scope Inc., ATMOS MedizinTechnik GmbH & Co. KG.
North America was the largest region in the surgical microscopes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical microscopes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the surgical microscopes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The surgical microscopes market consists of sales of operating microscopes, dental microscopes, ophthalmic microscopes, and fluorescence microscopes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The main types of surgical microscopes include those on casters, wall-mounted, tabletop, and ceiling-mounted. 'On casters' refers to a microscope equipped with wheels or casters, allowing it to be easily moved or rolled from one location to another. Surgical microscopes are used for various applications such as neurosurgery and spine surgery, ear, nose, and throat (ENT) surgery, dentistry, gynecology, urology, ophthalmology, plastic and reconstructive surgeries, among others. These microscopes find applications in end-user settings such as hospitals, physician clinics, and other healthcare facilities.
The surgical microscopes market research report is one of a series of new reports that provides surgical microscopes market statistics, including surgical microscopes industry global market size, regional shares, competitors with a surgical microscopes market share, detailed surgical microscopes market segments, market trends and opportunities, and any further data you may need to thrive in the surgical microscopes industry. This surgical microscope market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Surgical Microscopes Market Characteristics3. Surgical Microscopes Market Trends and Strategies32. Global Surgical Microscopes Market Competitive Benchmarking33. Global Surgical Microscopes Market Competitive Dashboard34. Key Mergers and Acquisitions in the Surgical Microscopes Market
4. Surgical Microscopes Market - Macro Economic Scenario
5. Global Surgical Microscopes Market Size and Growth
6. Surgical Microscopes Market Segmentation
7. Surgical Microscopes Market Regional and Country Analysis
8. Asia-Pacific Surgical Microscopes Market
9. China Surgical Microscopes Market
10. India Surgical Microscopes Market
11. Japan Surgical Microscopes Market
12. Australia Surgical Microscopes Market
13. Indonesia Surgical Microscopes Market
14. South Korea Surgical Microscopes Market
15. Western Europe Surgical Microscopes Market
16. UK Surgical Microscopes Market
17. Germany Surgical Microscopes Market
18. France Surgical Microscopes Market
19. Italy Surgical Microscopes Market
20. Spain Surgical Microscopes Market
21. Eastern Europe Surgical Microscopes Market
22. Russia Surgical Microscopes Market
23. North America Surgical Microscopes Market
24. USA Surgical Microscopes Market
25. Canada Surgical Microscopes Market
26. South America Surgical Microscopes Market
27. Brazil Surgical Microscopes Market
28. Middle East Surgical Microscopes Market
29. Africa Surgical Microscopes Market
30. Surgical Microscopes Market Competitive Landscape and Company Profiles
31. Surgical Microscopes Market Other Major and Innovative Companies
35. Surgical Microscopes Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Surgical Microscopes Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on surgical microscopes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for surgical microscopes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered:1) By Type: On Casters; Wall Mounted; Tabletop; Ceiling Mounted
2) By Application: Neurosurgery and Spine Surgery; Ear, Nose, and Throat (ENT) Surgery; Dentistry; Gynecology; Urology; Ophthalmology; Plastic and Reconstructive Surgeries; Other Surgeries
3) By End Use: Hospital; Physician Clinics; Other Settings
Key Companies Mentioned: Novartis AG; Alcon Inc.; Olympus Corp.; Nikon Corporation; Allegion Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard