A surgical microscopes is an electrical or mechanical optical tool primarily designed to perform microsurgeries in operating rooms. The stereoscopic vision, intensification, and illustrated image of the operative part are all provided by a combination of lenses in this device. Nowadays, surgical microscopes are a crucial tool for performing minimally invasive procedures in various specialties, including neurosurgery, dental surgery, cosmetic surgery, otorhinolaryngology, and ocular surgery.
In 2021, the market for surgical microscopes was worth USD 1077.087 million, and by 2030 it will be worth USD 2928.17 million, growing at an 11.75% CAGR during the forecast period.
The market will develop due to the aging population, rising incidence of chronic diseases, and rising use of minimally invasive procedures.
Market Dynamics
Drivers
The market for surgical microscopes is growing due to an increase in the number of surgical procedures, a need for greater accuracy, and the development of new tools like Augmented Reality (AR) microscopy, wide-angle lighting, and red reflex illumination. In several fields, a surgical microscope has evolved into a crucial tool for minimally invasive procedures. It comprises otorhinolaryngology, neurosurgery, dental surgery, and ocular surgery.
These microscopes offer 3D imaging, optimal illumination, and enlargement of deep surgical areas via minute approaches. Although these microscopes have medicinal benefits, surgeons benefit from them since they can change positions while executing lengthy and intricate surgical procedures. These benefits, together with the rapid adoption of microsurgery, are driving the market for surgical microscopes.
Restraints
Major factors impeding the global market’s overall growth include a rapid shift in microscopy techniques, a lack of surgical experience, and excessive surgical microscope magnification.
Opportunity
An enormous opportunity for the market’s overall growth has emerged, and it is also anticipated to prosper greatly in the future due to the enormous growth potential of emerging markets in microscopy like India, the Middle East, Brazil, and China, as well as the sudden rise in the applications of surgical microscopes in these regions.
Market Segmentation
By Type
The on-casters segment dominated the market in 2021, with a market valuation of USD 880.9 million. Floor-mounted instruments, known as on-caster microscopes, have retractable casters with single, double, or compound wheels. The majority of surgical specialties, including ENT, dentistry, ophthalmology, neurology, and cosmetic operations, use surgical microscopy on casters. Microscopes with caster mounts take up less space on the floor and are simple for surgeons to move in any direction. This is fueling the demand for these gadgets and fostering the expansion of the market.
By Application
The ophthalmology segment maintained the greatest revenue share and was valued at USD 412.9 million in 2021. It is due to factors like an expanding patient base, increased demand for surgical equipment, and growth in the number of cataract operations; Surgical microscopes are necessary for a variety of ophthalmic procedures.
Throughout the forecast period, the neurosurgery and spine surgery segments will increase at CAGRs of 11.01% and 10.48%, respectively. Surgery involving the nervous system, including all components found in the spinal cord, brain, and extracranial cerebrovascular system, is included in neurosurgery and spine surgery.
By end-Use
The hospital segment ruled the global market in 2021, reaching USD 648.9 million. It is due to the increased number of patient admissions and procedures carried out in hospitals and stronger financial capacities.
Also, hospitals can obtain the most cutting-edge surgical tools to enhance and streamline the process in operating rooms. For instance, the city’s first 3D robotic surgical microscope was placed in the neurosurgery operating rooms at Mater Private Hospital Brisbane in July 2019.
Regional Overview
With a 34.5% sales share in 2021, the North American region became the world’s largest market for surgical microscopes. It is due to factors including the desire for high-speed diagnostics, an increase in the number of surgeries, and advancements in healthcare facilities. Government regulations and heavy customs fees imposed on medical products in Brazil and India are the main factors limiting industry expansion.
From 2022 to 2030, Asia Pacific will experience a rapid growth rate of 12.27% CAGR. Growing medical tourism, an increase in inpatient and outpatient procedures, and an increase in the prevalence of ocular ailments are a few of the key drivers propelling the market in the area.
Key Players
- Topcon Corporation
- Novartis Ag
- Carl Zeiss AG
- Karl Kaps GmbH & Co. Kg
- Danaher Corporation
- Olympus Corp.
- Alltion (Wuzhou) Co Ltd.
- Hagg-Streit Surgical GMBH
- ARI Medical Technology Co., Ltd.
- Leica Microsystems
- Alcon Inc.
- Chammed Co Ltd.
- Accu-Scope Inc
- Takagi Seiko Co. Ltd
- Synaptive Medical
- Seiler Instrument Inc.
In 2021, the market for surgical microscopes was worth USD 1077.087 million, and by 2030 it will be worth USD 2928.17 million, growing at an 11.75% CAGR during the forecast period. The market will grow due to an increase in surgical operations, a need for more precision, and the development of new technologies, including augmented reality (AR) microscopy, red reflex lighting, and wide-angle illumination.
Related Reports:
Digital X-ray Devices Market Report – The global digital x-ray devices market will witness a robust CAGR of 8.1%, valued at $11.02 billion in 2021, expected to appreciate and reach $22.22 billion by 2030, confirms Strategic Market Research.