The size of the global surgical microscopes market is estimated to grow USD 1108.78 million by 2025 from USD 640.51 million in 2020 and expected to be growing at a CAGR of 11.6% during the forecast period.
The surgical microscope or operating microscope is an optical microscope specifically designed for the surgical setting, typically to perform microsurgeries. It is operated mechanically or electrically. It has a combination of a lens that provides magnification (usually in the range 4x-40x), stereoscopic vision, and illuminated image of the surgical area. Surgical microscopes have a wide range of applications in various fields like ophthalmology, ENT surgery, gynecology, urology, neurosurgery & spine surgery, dentistry, and plastic & reconstructive surgeries.
There are many types of surgical microscopes used for various applications. ENT surgeons use one of the common types. The binocular head of the microscope is straight without any angle. The required focal length is adjusted by simply screwing on a different bottom lens under the head, which changes the overall magnification. Ophthalmologists use another common type of microscope for surgery applications for correcting eye problems. The binocular head of this microscope is on a 45-degree angle. The focal length is usually different from the ENT usage. There are also microscopes for general operation such as hand microsurgery, neuro microsurgery, orthopedic surgery, and dental surgery.
MARKET DRIVERS
The growth in global aging population, increasing use of fluorescence image-guided surgery (FIGS), higher adoption of minimally invasive surgeries, advancements in healthcare facilities, increase in R&D and growth in healthcare infrastructure, technological advancements and customized microscopy solutions are the key factors driving the growth of the global market.
Increasing application areas of microscopes in surgeries, especially in oncology, and emerging economies of developing countries and increasing focus on healthcare infrastructure and demand for development of effective treatment procedures are further accelerating the global surgical microscopes market. Also, with the emergence of innovative and ergonomically designed microscopes, and with the integration of advanced technologies such as intraoperative fluorescence, stable red reflex, and HD video and recording are likely to escalate the adoption of surgical microscopes leading to an economic upsurge of surgical microscopes market during the estimated forecast period.
MARKET RESTRAINTS
However, factors such as lack of skilled professionals, the high cost of advanced surgical microscopes and high customs duties on medical devices are restraining the growth of this market to a certain extent.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
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Market Size Available |
2019 to 2025 |
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Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Segments Analysed |
By Application, End User, Price Range, and Region |
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Various analyses covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
This research report has been segmented and sub-segmented the global surgical microscopes market into the application, end-user, price range, and region.
Surgical Microscopes Market - By Application:
Based on the Application, the segment of neuro-and spinal surgery and ophthalmology dominated the global market over the forecast period due to population growth of 65 or older. Besides, due to an increase in outpatient surgical centers, dentistry, and the ENT segment are expected to have the fastest growth. The microscopes, such as colonoscopy or endoscopy, provide exposure to the intestine and colon inside and enable surgery. Colonoscopy and endoscopy are commonly used due to the rising diseases associated with bowel movements.
Surgical Microscopes Market - By End-User:
Based on End User, Hospital is the largest end-user microscope segment. The high impact making drivers for this segment are increasing the volume of surgery and supporting government funding capabilities, a higher volume of patients and procedures, and more exceptional funding capabilities. However, the independent clinic of doctors or dentists is expected to expand over the forecast period at a significant CAGR. It is anticipated that the development of smaller operating microscopes and booming dental industry would drive demand.
Surgical Microscopes Market - By Price Range:
Surgical Microscopes Market - By Region:
Due to the health facilities in this area and the emergence of reimbursement facilities for medical treatments, North America led the global industry, followed by Europe and Asia-Pacific, with around 38 percent share in 2016. It is expected that the Asia Pacific will experience the fastest growth over the forecast period. The emerging economies of India and China, the enabling policies of the government to strengthen the healthcare sector, are the growth factors for the market.
Many public and private programs are also growing in the healthcare sector in other emerging regions of the world, such as Latin America and Africa. Such increased investment would result in the region's expanded medical and surgical facilities, driving demand for surgical microscopes. Some of the main driving forces in emerging countries for the surgical microscope market are growing innovation in R&D, a large pool of patients, and increased government funding.
TOP COMPANIES IN THE MARKET
Promising companies leading the global surgical microscopes market profiled in the report are Accu-Scope, Inc., Novartis AG, Alltion (Wuzhou) Co., Ltd, Haag-Streit U.S, Danaher Corporation, Alcon Laboratories, Inc., Olympus Corporation, ARRI AG, Leica Microsystem GmbH, Carl Zeiss, Topcon Medical Systems, Inc, Global Surgical Corporation and Takagi Seiko co., Ltd
RECENT MARKET DEVELOPMENTS
In July 2019, Novartis Company completed the acquisition of Xiidra, which is a lifitegrast ophthalmic solution.
In October 2019, Zeiss medical company showcased its innovations, which are high-resolution imaging and digital eye care at the annual meeting of the American Academy of ophthalmology.
In October 2019, Sartorius AG completed the acquisition of chromatography hardware and resins, particle validation standards, microcarriers, and label-free biomolecular characterization businesses from Danaher Corporation.
Danaher Corporation is likely to complete its acquisition of the GE Biopharma business by March 2020.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Application
5.1.1 Introduction
5.1.2 Ophthalmology
5.1.3 Ear, Nose and Throat(ENT) Surgery
5.1.4 Neuro and Spine Surgery
5.1.5 Dentistry
5.1.6 Gynecology
5.1.7 Urology
5.1.8 Plastic and Reconstructive Surgery
5.1.9 Oncology
5.1.10 Documentations
5.1.11 Y-o-Y Growth Analysis, By Application
5.1.12 Market Attractiveness Analysis, By Application
5.1.1.13 Market Share Analysis, By Application
5.2 End user
5.2.1 Introduction
5.2.2 Hospitals
5.2.3 Outpatient surgical centres
5.2.4 Y-o-Y Growth Analysis, By End user
5.2.6 Market Attractiveness Analysis, By End user
5.2.7 Market Share Analysis, By End user
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Application
6.1.3.3 By End user
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Application
6.1.4.3 By End user
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Application
6.1.5.3 By End user
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Accu-Scope, Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Novartis AG
8.3 Alltion (Wuzhou) Co., Ltd.
8.4 Haag-Streit U.S.
8.5 Danaher Corporation
8.6 Alcon Laboratories, Inc.
8.7 Olympus Corporation ARRI AG
8.8 Leica Microsystem GmbH
8.9 Carl Zeiss
8.10 Topcon Medical Systems, Inc.
8.11 Global Surgical Corporation
8.12 Takagi Seiko co., Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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