The surgical microscopes market size was valued USD 574.34 million in 2017 and is likely to grow at an 11.63% CAGR between 2019- 2025, reveals the new Market Research Future (MRFR) report. Surgical microscopes are electrically or mechanically operated optical devices that are designed specifically for use in surgical settings for performing microsurgeries. They have lenses that offer illuminated image, stereoscopic vision, and magnification of surgical areas. Surgical microscopes have extensive applications including gynecology, urology, plastic and reconstructive surgery, oncology, dentistry, ENT surgery, ophthalmology, neurosurgery and spine surgery, and others.
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Surgical Microscopes Market Drivers and Restraints
Various factors are adding to the global surgical microscopes market share. These factors, as per the new MRFR report, include customized microscopy solutions, technological advances, advances in healthcare facilities, burgeoning need for MIS, rising number of surgeries, rising use of FIGS (fluorescence image-guided surgery), advancements in the medical sector to develop better surgical approaches, rising number of surgical procedures, and growing demand for surgeries that are minimally invasive.
On the contrary, the high cost of devices, lack of skilled medical infrastructure, and strict regulatory norms are factors that may limit the surgical microscopes market growth over the forecast period.
Market Segmentation
The Market Research Future Report provides an inclusive segmental analysis of the global surgical microscopes market based on end user, application, and type.
By types, the surgical microscopes market is segmented into ceiling mounted microscopes, table top microscopes, wall mounted microscopes, and on casters microscopes. Of these, on casters microscopes will lead the market over the forecast period for its ease of use.
By application, the surgical microscopes market is segmented into gynecology, urology, plastic and reconstructive surgery, oncology, dentistry, ENT surgery, ophthalmology, neurosurgery and spine surgery, and others. Of these, neurosurgery and spine surgery will dominate the market over the forecast period, followed by ophthalmology.
By end users, the surgical microscopes market is segmented into academic & research institutes, physician’s clinics, hospitals, and other outpatient settings. Of these, hospitals will have lions share in the market over the forecast period. Meanwhile, physician’s clinic will grow at the fastest pace over the forecast period for rising cases of ophthalmic surgeries and increasing awareness about dental hygiene and aesthetics.
Regional Analysis
Based on the region, the surgical microscopes market report covers the recent trends and growth opportunities across Europe, the Americas, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will command the largest share in the market over the forecast period. Factors adding to the surgical microscopes market growth in the region include high disposable income, state of the art medical infrastructure, increasing awareness, availability of advanced treatment procedures, and creation of better surgical approaches. Additional factors adding market growth include an increasing number of neurosurgeries, ophthalmic surgeries, & spinal surgeries, and rising awareness about dental hygiene that is increasing dental surgeries and procedures.
The surgical microscopes market in Europe is predicted to hold the second-largest share over the forecast period for increasing support from the government for device manufacturers, the presence of top market players in the region, and companies’ geographical expansion, which has resulted in a wider reach of medical services and products.
The surgical microscopes market in the APAC region is predicted to have the fastest growth over the forecast period for increasing number of neurosurgeries in Asian regions, developing medical sector in China & India, rising number of medical device companies, increasing research and development expenditure, and rising government expenditure for the healthcare sector.
The surgical microscopes market in the MEA is predicted to have the lowest growth over the forecast period.
Key Players
Eminent players profiled in the global surgical microscopes market report include Topcon Medical Systems, Inc, Takagi Seiko Co. Ltd., Seiler Precision Microscopes, Olympus Corporation, Novartis AG, Leica Microsystems GmbH, Haag-Streit Surgical GmbH, Danaher Corporation, Carl Zeiss AG, Alltion (Wuzhou) Co., Ltd., and Accu-Scope Inc.
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