Global Surgical Microscope Market Highlights Over 2022 - 2031

The global surgical microscope market is estimated to garner around USD 3.5 billion in revenue by 2031 by growing at a CAGR of nearly 11% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to rising geriatric population, increasing prevalence of chronic diseases, and increasing adoption of minimally invasive surgeries. For instance, according to a report by the United Nations, the number of persons aged 80 years or above is expected to get triple, from 143 million in 2019 to 426 million in 2050. Additionally, beneficial reimbursement policies regarding surgeries, increase in R&D activities related to microscope surgeries, and growth in health care infrastructure are some of the major factors boosting the demand for surgical microscopes.

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The COVID-19 pandemic had a negative impact on the surgical microscope market as there has been a continuous reduction in surgical services, as treatment of patients with COVID-19 was prioritized. This extensive delay in surgical treatment during the pandemic showed adverse impacts on the growth of the industry.

However, the lack of skilled professionals with limited technical knowledge, and low acceptance due to the high cost of surgical microscopes are likely to hamper the growth of the market over the forecast period.

The market is segmented by application into dentistry, ENT, gynecology and urology, oncology, neurosurgery and spine surgery, ophthalmology, plastic and reconstructive surgery, and others. Among these segments, the ophthalmology segment is estimated to witness the highest growth over the forecast period. The growth of the segment can be attributed to the growing adoption of ophthalmology surgeries worldwide on the back of rapid increasing population, aged 65 and above, which accounts for the highest prevalence of eye diseases. 

Global Surgical Microscope Market Regional Synopsis

Regionally, the global surgical microscope market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in North America region is estimated to witness significant growth over the forecast period on the back of availability of highly advanced equipment, the presence of skilled neurosurgeons and cosmetic surgeons, and the increasing number of surgical facilities. Moreover, the cases of chronic illnesses, like cancer, cardiovascular diseases, and neurological diseases are huge in number in the United States, which is further driving the market growth.

Asia-Pacific is anticipated to be the fastest-growing region in the surgical microscopes market owing to increase in population, and expansion of healthcare infrastructure. For instance, according to The World Bank data, the population in East Asia & Pacific and South Asia was 2.3 billion and 1.8 billion, respectively, in 2020. Additionally, favorable scenarios for medical reimbursement programs in developing countries, such as India and China are further expected to boost the market growth.

Market Segmentation

Our in-depth analysis of the global surgical microscope market includes the following segments:

By Application

• Dentistry

• ENT

• Gynecology and Urology

• Oncology

• Neurosurgery and Spine Surgery

• Ophthalmology

• Plastic and Reconstructive Surgery

• Others

By End-User

• Hospitals

• Physician Clinics

• Dentist Clinic

• Ambulatory Surgical Centers

Growth Drivers and Challenges Impacting the Growth of the Global Surgical Microscope Market

Growth Drivers

• Rising geriatric population and increasing prevalence of chronic diseases

• Increasing adoption of minimally invasive surgeries

• Beneficial reimbursement policies regarding surgeries

Challenges

• Lack of skilled professionals with limited technical knowledge

• Low acceptance due to high cost of surgical microscopes

Key Companies Dominating the Global Surgical Microscope Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global surgical microscope market that are included in our report are New York Microscope Company, Alltion (Wuzhou) Co., Ltd., HAAG-STREIT GROUP, Alcon Inc., KEYENCE CORPORATION, VRmagic Holding AG, Olympus Corporation, Leica Microsystems, Thermo Fisher Scientific Inc., Zeiss International, Global Surgical Corporation, and others.

Latest Developments in the Global Surgical Microscope Market:

• September 2018: HAAG-STREIT GROUP, and VRmagic Holding AG, developed a digital microscope head for the eye surgical simulator Eyesi and a Slit Lamp Simulator, offering future eye care specialists a realistic training environment.

• July 2021: Thermo Fisher Scientific Inc. launched new products range of Thermo Scientific Orbitrap IQ-X Tribrid Mass Spectrometer, which can be used for advance complex small molecule research.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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