Surgical Microscopes Market Share, Size, Trends, Industry Analysis Report, By Type (On Casters, Wall Mounted, Tabletop, Ceiling Mounted); By Application; By Price Range; By End Use; By Region, And Segment Forecasts, 2024-2032
- Published Date:Jan-2024
- Pages: 118
- Format: PDF
- Report ID: PM1102
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global surgical microscopes market was valued at USD 2.46 billion in 2023 and is expected to grow at a CAGR of 13.00% during the forecast period.Surgical microscopes, primarily used in microsurgery, produce clear and sharply focused images in a surgical setting. The reconfigurable system offers maximum maneuverability to the surgeon through 3D visualization and magnification of deep surgical specializations operating small practices. Technological advances in these microscopes have great vision and improved stability, placement, sizing, recording capabilities, and facilitating the integration of image-guided microscope techniques.
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The surgical microscopes market is growing due to the rapidly aging global population resulting from rising life expectancy and lower birth rates. As the aging population is more prone to developing disorders, the demand for surgical procedures, such as dental, vascular, and other systems, has increased worldwide, alongside the rising prevalence of chronic diseases.
According to the United Nations World Population Prospects for 2020, the proportion of individuals aged 65 and above will increase from 9.3% of the global population in 2020 to over 16.0% by 2050. Also, WHO 2021 statistics indicate around 1 billion individuals aged 60 and above globally in 2020. These trends have resulted in a higher prevalence of age-related chronic illnesses and an increased demand for surgical procedures, such as dental and vascular surgeries to a rise in the market's CAGR.
Surgical microscopes are now considered essential tools for minimally invasive procedures in various fields, including neurosurgery, ophthalmic surgery, cosmetic surgery, otorhinolaryngology, and dental surgery. Technological advances, such as 3D imaging, higher resolution imaging, and robotics, have improved the accuracy and effectiveness of surgeries, resulting in shorter hospitalization times and a reduced risk of revision surgeries. These benefits are expected to increase the demand for surgical microscopes. They provide optimized lighting, 3D visualization, and elaboration of deep surgical fields through small approaches, the key factors propelling market revenue.
During its initial phase, the impact of COVID-19 was unfavorable due to the widespread cancellation of elective procedures, including surgeries worldwide. For instance, a study published in April 2021 by BMJ Journals showed that the COVID-19 pandemic significantly affected the care of patients with cardiac diseases in Europe, negatively impacting the market's growth. However, as surgical procedures resumed worldwide, the market began to gain traction. The number of surgical procedures is expected to increase during the forecast period, which will positively impact the market's growth.
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Industry Dynamics
Growth Drivers
There has been a rise in surgical procedures worldwide, especially in developing countries. It is due to the growing prevalence of chronic diseases, increasing access to healthcare, and advancements in surgical technologies. Surgical microscopes have become important for performing slightly invasive procedures in various fields.
The market has seen significant advancements in surgical microscopes, such as higher-resolution imaging, 3D imaging, and robotics. These technological advancements have enabled practitioners to perform accurate surgeries and more effective, dropping hospitalization time and reducing the risk of revision surgeries.
The global population is rapidly aging due to rising life expectancy and lower birth rates. The aging population is more prone to developing disorders, and the prevalence of age-related chronic diseases has increased. It has increased the demand for surgical procedures, such as dental, vascular, and other systems, driving the growth of the surgical microscopes market.
The demand for minimally invasive surgeries has increased due to several benefits, including reduced scarring, faster recovery, and fewer complications. Surgical microscopes are essential for performing these surgeries, increasing demand for surgical microscopes.
The COVID-19 pandemic led to the cancellation of elective procedures, including surgeries worldwide, negatively impacting the market. However, the market has gained traction with the resumption of surgical procedures worldwide. The various surgical procedures are projected to grow during the projection period, positively influencing the market's growth.
Report Segmentation
The market is primarily segmented based on type, application, price range, end use, and region.
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By Application |
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By Region |
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The On-Casters Segment Held the Highest Market Share in 2022
The on-casters segment held the highest market share in 2022, based on the type of surgical microscopes. The market is divided into components such as wall-mounted, casters, ceiling-mounted, and tabletop microscopes. On-casters microscopes are floor-mounted instruments with retractable casters, including single, double, or compound wheels.
These microscopes are widely used in various surgical fields such as ophthalmology, dental surgery, neurosurgery, ENT, and cosmetic surgery. The demand for on-casters microscopes is increasing due to their ability to occupy less floor space and provide surgeons with the flexibility to move them in any direction, supporting this segment's growth.
The Urology Segment is Expected to Hold the Largest Market Share During Forecast Period
The urology segment is expected to hold the largest market share in the upcoming years. It is attributed to the global increase in the prevalence of urological conditions, driving the growing significance of surgical microscopes in this field. For instance, urinary tract disorders (UTIs) are among the common microbial diseases affecting individuals of all ages.
For example, more than 9.5% of illnesses reported by acute care hospitals in the United States, as per data from the CDC published in January 2023, are UTIs. The primary cause of all UTIs connected to healthcare is urinary tract instrumentation. A patient's chance of producing a catheter-associated urinary tract infection (CAUTI) rises by 3-7% every day that an indwelling urinary catheter is present, according to the source, which also estimates that 12–16% of adult hospital inpatients will have one at some point during their hospital stay. Consequently, increased use of surgical microscopes is anticipated due to the high prevalence of such disorders.
The Demand in North America is Expected to Witness Significant Growth over the Forecast Period
During the forecast period, North America is expected to grow significantly due to sophisticated healthcare facilities equipped with highly advanced tools and supportive reimbursement frameworks for medical treatments, skilled neurosurgeons, and cosmetic surgeons.
North America's high prevalence of ophthalmic and neurological disorders contributes significantly to the regional market growth. The region's companies are also introducing innovative products, which is expected to augment market growth further. Also, the presence of a supportive refund framework for medical treatments and well-equipped healthcare facilities with highly advanced tools and skilled neurosurgeons and cosmetic surgeons is driving the market growth in the region.
The Asia Pacific region is experiencing market growth driven by various factors, including increasing subjects of ophthalmic disorders, a rise in medical terms, and a growing number of surgeries performed in outpatient and inpatient settings. Moreover, favorable government policies to improve the healthcare system and several regional countries' rapid economic development are expected to boost market growth in the forecast period.
Competitive Insight
The major global market players include Leica Microsystems, Topcon Corp., Hagg-Streit Surgical GmbH, Seiler Instrument, Inc., Olympus Corp., Alcon, Inc., Carl Zeiss Meditec AG, Takagi Seiko Co., Ltd., Synaptive Medical, Chammed Co., Ltd., and ARI Medical Technology Co., Ltd.
Recent Developments
- In August 2022, Heidelberg Engineering introduced its ophthalmic solution in collaboration with Bausch+Lomb, which is focused on digital surgical microscopy and partnership.
- In June 2022, Takagi Seiko introduced the Flat Base for OM-6 and 2ZL BG Slit Lamp Microscope worldwide. This Microscope benefits doctors in recording the data images of patient’s condition.
Surgical Microscopes Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 2.77 billion |
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Revenue forecast in 2032 |
USD 7.34 billion |
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CAGR |
13.00% from 2024 - 2032 |
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Base year |
2023 |
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Historical data |
2019 - 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Type, By Application, By Price Range, By End Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key companies |
Leica Microsystems, Topcon Corp., Hagg-Streit Surgical GmbH, Seiler Instrument, Inc., Olympus Corp., Alcon, Inc., Carl Zeiss Meditec AG, Takagi Seiko Co., Ltd., Synaptive Medical, Chammed Co., Ltd., and ARI Medical Technology Co., Ltd |
FAQ's
The Surgical Microscopes Market report covering key segments are type, application, price range, end use, and region.
Surgical Microscopes Market Size Worth $7.34 Billion By 2032.
The global surgical microscopes market expected to grow at a CAGR of 12.9% during the forecast period.
North America is leading the global market.
key driving factors in Home Security Systems Market Increasing use of Fluorescence Image-Guided Surgery(FIGS).
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