Surgical Microscopes Market projected to grow 11.38% per year
Global Surgical Microscopes Market is valued at USD 633.2 Million in 2018 and expected to reach USD 1346.5 Million by 2025 with the CAGR of 11.38% over the forecast period.
New advancements in microscopic techniques coupled with surgical technology, growing number of spine and ophthalmic surgeries and increased use of surgical microscopes in neurosurgical applications are major factors driving the growth of the Global Surgical Microscopes Market.
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Surgical microscope is an optical device that offers stereoscopic, high quality magnified and illuminated view of the small structures during the surgeries. It basically consists of binocular head, magnification changer, objective lens and an illuminator which beams light through the objective lens. In the 20th century, otolaryngologists were the first surgeons to use the microscope in clinical surgery. A surgical microscope can be used to optimize visibility of root canal details and a detailed view over the resection surface. Ideal surgical microscope can provide magnification up to 25X which is required for precise localization of Schlemm's canal procedures. By using surgical microscope, healthcare professionals can easily perform complex surgeries and it enables the surgeon to magnify clearly the affected area and its surrounding structure.
Key players of the surgical microscopes market are,
Novartis AG, Danaher Corporation, Topcon Corporation, Carl Zeiss AG, Haag-Striet, Accu-Scope Inc., Alltion Co. Ltd., Takagi Seiko Co. Ltd., Arri Medical, Karl Kaps GmbH & Co., Others
Global Surgical Microscopes Market is segmented on the basis of type, application, and end-user and region & country level. Based on type, the market is segmented into on casters microscopes, wall mounted microscopes, table top microscopes, and ceiling mounted microscopes. On the basis of application, the market is classified into neurosurgery & spine surgery, ophthalmology, ENT surgery, dentistry, oncology, plastic & reconstructive surgery, urology, gynecology and other. Based on end users, the market is segmented into hospitals, clinics, research institutes, and other.
The regions covered in this surgical microscopes market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of surgical microscopes market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global Surgical Microscopes Market Dynamics-
New advancements in microscopic techniques coupled with surgical technology, growing number of spine and ophthalmic surgeries and increased use of surgical microscopes in neurosurgical applications are some of the major factors fuelling the growth of surgical microscopes market. Around 29 million Americans experience some form of neuropathy and 16.25% of U.S. individuals with brain impairment. According to the Federal Interagency Forum on Aging-Related report, nearly 35.8% of aged 85 years and above have moderate or severe memory impairment. Ophthalmic surgical microscopes are continually evolving in the market with the latest developments that help to surgeons with proper illumination and visualization during the surgeries. Furthermore, increasing need for improved visualization and dental treatments is another factor fostering the demand for surgical microscopes. However, stringent regulation and labeling approval may hinder the growth of the surgical microscopes market.
Global Surgical Microscopes Market Segmentation:–
By Types: Casters Microscopes, Wall Mounted Microscopes, Table Top Microscopes, Ceiling Mounted Microscopes
By Application: Neurosurgery & Spine Surgery, Ophthalmology, ENT surgery, Dentistry, Oncology, Plastic & Reconstructive Surgery, Urology, Gynecology, Others
By End-Users: Hospitals, Clinics, Research institutes, Others
North America is Expected to Dominate the Surgical Microscopes Market
North America is expected to dominate the surgical microscopes market due to increasing number of surgical procedures, rapid expansion of new surgery centers and hospitals and continuous technological innovations in this region. It is estimated that medical devices account for nearly 4.16% to 6.85% of total U.S. spending on health care. Additionally, as per the annual plastic surgery report, in the United States there were over 17.5 million surgical and minimally-invasive cosmetic procedures completed in 2018. Europe is emerging as the second leading region in surgical microscopes market. This is attributed to the increasing adoption of high-performance operating microscope as well upsurge in usage of microscope for surgical procedures are the major factors drives the growth of this market in Europe.
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