Surgical Microscopes Market Size & Share, by Type (Wall Mounted, On Casters, Table Top, Ceiling Mounted); Price Range (Low-Range, Mid-Range, Premium-Range); Application (Ophthalmology, Oncology, Neuro & Spine Surgery, Gynecology & Urology, Dentistry, ENT Surgery, Plastic & Reconstructive Surgery, Other Surgeries); End-user (Hospitals, Ambulatory Centers, Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 4568
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Surgical Microscopes Market size is anticipated to reach USD 3 Billion by the end of 2033, growing at a CAGR of 14% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of surgical microscopes was USD 1 Billion. The growth of the market can be attributed to the worldwide increase in count of various types of surgical procedures to treat many disorders such as abdominal pain, hernia, cancer, thyroid, gallbladder inflammation, and so on. For instance, around 41 to 52 million major surgeries are performed annually in the United States, and 21 million in Europe, for a striking total of 312 million worldwide. Further, the significantly rising utilization of fluorescence image-guided surgery (FIGS), coupled with customization in microscopic solutions, is also estimated to drive the market growth over the forecast period. 

In addition to these, factors that are believed to fuel the market growth of surgical microscopes include the increasing prevalence of several chronic diseases along with the rising geriatric population throughout the world, which is estimated to fuel the huge growth of the global surgical microscopes market. For instance, in 2020, the prevalence of chronic diseases increased by 59% across the globe. Additionally, the surging demand for more precision in surgery, coupled with the integration of novel technologies such as augmented reality (AR) microscopy, and red reflex illumination, are also estimated to display prominent market growth over the coming years. 


Surgical Microscopes Market
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Surgical Microscopes Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Number of Ophthalmic Surgeries – A notable increase in various kinds of ophthalmic surgeries is estimated to fuel the demand for surgical microscopes. In recent years, more people have opted for several non-invasive eye surgeries to treat several eye-related issues. Furthermore, surgical microscopes assist the surgeon in myopia and presbyopia treatment, that is expected to drive the surgical microscopes market growth. A spike in diabetes and a high blood glucose level leads to numerous eye diseases, i.e., vision impairment, cataracts, color blindness, and others. These microscopes deliver high contrast and comprehensive imaging of different areas of the human eye. Therefore, minimally non-invasive ophthalmic surgeries are the appropriate solution to treat such eye diseases. As per the data provided by the World Health Organization (WHO), by 2021, at least 2.2 billion people worldwide had a near or distance vision impairment, and cataract is a major factor in both vision loss and blindness.
  • Spiking Death Toll of Cardiovascular Diseases – For instance, cardiovascular diseases are the major cause of death, accounting for 32% of all deaths. 17.9 million people died from cardiovascular diseases in 2019.
  • Rising Trend of Reconstructive Surgeries – For instance, nearly 6.9 million reconstructive surgical procedures were carried out in the United States in 2020.
  • Escalating Occurrence of Chronic Kidney Disease (CKD) - Chronic kidney disease is a long-term condition affecting nearly 12% of the global population, denoting approximately 855 million people.
  • Worldwide Increase in Healthcare Expenditure – As per the World Bank statistics, in 2019, global healthcare spending expanded by 9.83%.

Challenges

  • Heavy Custom and Excise Duty Levied by Governments - Microscopes are developed to provide accurate results and are developed in a way that can fulfill a certain task. These microscopes are not manufactured in every nation, and that’s why the export and import volume is very high in this process, which becomes a remarkable restraint on the market since heavy excise duties are imposed by the governments.
  • High Price of Surgical Microscopes
  • Lack of Favorable Reimbursement

Surgical Microscopes Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

~14%

Base Year Market Size (2022)

~ USD 1 Billion

Forecast Year Market Size (2033)

~ USD 3 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Surgical Microscopes Segmentation

Application (Ophthalmology, Oncology, Neuro & Spine Surgery, Gynecology & Urology, Dentistry, ENT Surgery, Plastic & Reconstructive Surgery, Other Surgeries)

The global surgical microscopes market is segmented and analyzed for demand and supply by application into ophthalmology, oncology, neuro & spine surgery, gynecology & urology, dentistry, ENT surgery, plastic & reconstructive surgery, and other surgeries. Out of these segments, the oncology segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rapidly growing occurrence of cancer, that is spiking the demand for surgical microscopes globally. For instance, in 2019, approximately 2 million new cancer cases were diagnosed, and nearly 610,370 cancer deaths were reported in the United States. Furthermore, surgical microscopes are used in surgery for the colorectal cancer treatment, followed by the surging number of people suffering from colorectal cancer and it is projected to drive the segment’s growth in the market.

End-user (Hospitals, Ambulatory Centers, Clinics)

The global surgical microscopes market is also segmented and analyzed for demand and supply by end-user into hospitals, ambulatory centers, clinics, and others. Amongst these segments, the hospitals segment is expected to garner a significant share over the forecast period. The growth of this segment is owing to the rising ratio of patient hospitalizations, followed by the increased proportion of complex surgeries performed in hospitals. For instance, based on a report published in 2022, the total patient admissions in all hospitals in the United States have topped around 34,358,855.  Additionally, the escalating use of surgical microscopes in dental procedures is another prominent factor that is anticipated to fuel market growth in the coming years. On the other hand, the clinics segment is also projected to witness a massive CAGR during the forecast period, owing to the rising awareness about physical appearance, and aesthetics that is boosting the ratio of aesthetical procedures worldwide.

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

               By Type

  • Wall Mounted
  • On Casters
  • Table Top
  • Ceiling Mounted

               By Price Range

  • Low-Range
  • Mid-Range
  • Premium-Range

                 By Application

  • Ophthalmology
  • Oncology
  • Neuro & Spine Surgery
  • Gynecology & Neurology
  • Dentistry
  • ENT Surgery
  • Plastic & Reconstructive Surgery
  • Other Surgeries

                  By End-User

  • Hospitals
  • Ambulatory Centers
  • Clinics
  • Others

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Surgical Microscopes Industry - Regional Synopsis

North American Market Forecast

The North America surgical microscopes market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to the rising prevalence of cardiovascular and cancer diseases, along with the growing number of surgeries in the region. For instance, from January 1, 2019, to January 30, 2021, approximately 14 125 570 surgical procedures were performed in the United States. Further, the increase in research and development activities, coupled with the presence of supportive reimbursement facilities for medical treatments are some major factors that are projected to push the market growth further throughout the forecast period in the region.

APAC Market Statistics

Furthermore, the Asia Pacific surgical microscopes market is also anticipated to display prominent market growth by the end of 2033. The growth of the market can be attributed to the increasing ratio of ophthalmic disorders, such as cataracts, diabetic retinopathy, myopia, and so on, that are estimated to drive the market’s growth during the forecast period. For instance, myopia is presently a serious public health concern in many East Asian countries, affecting between 82 to 91% of high school graduates, with around 12 to 20% having sight-threatening pathologic myopia. In addition to this, the surge in medical tourism and the escalating count of surgical procedures are some further factors that are anticipated to propel the market growth in the region in the projected time frame.

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Surgical Microscopes Market Size
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Companies Dominating the Surgical Microscopes Landscape

top-features-companies
    • Carl Zeiss Meditec AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Leica Microsystems GmbH
    • Takagi Seiko Co., Ltd.
    • ATMOS MedizinTechnik GmbH & Co. KG
    • Seiler Instrument & Manufacturing Company, Inc.
    • ARI Medical Technology Co., Ltd.
    • Munich Surgical Imaging GmbH
    • Wright Medical Group N.V.
    • Global Surgical Corporation
    • ACCU-SCOPE Inc.

In the News

  • ACCU-SCOPE Inc. has introduced new ACCU-fluor LED fluorescence illuminators for upright compound microscopes with the features of built-in LEDs with intensity control, and filter sets.

  • Leica Microsystems GmbH has released the ARveo 8, a digital visualization neurosurgery microscope with ultra-fast processing speeds. In ARveo 8, AR fluorescence imaging, IGS information, and endoscopic imaging are combined to provide improved AR visualization. Its ultra-fast processing capabilities give users a more realistic, real-time experience during operation.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 4568
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing number of ophthalmic surgeries, spiking number of cardiovascular diseases, rising trend of reconstructive surgeries, and escalating occurrence of chronic kidney disease (CKD) are some major factors driving the growth of the market.

The market is anticipated to attain a CAGR of ~14% over the forecast period, i.e., 2023 - 2033.

Heavy custom and excise duty levied by governments, high price of surgical microscopes, and lack of favorable reimbursement are estimated to be the growth hindering factors for the market expansion.

The market in the North America region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Carl Zeiss Meditec AG, Leica Microsystems GmbH, Takagi Seiko Co., Ltd., ACCU-SCOPE Inc., Seiler Instrument & Manufacturing Company, Inc., ARI Medical Technology Co., Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, price range, application, end-user, and by region.

The oncology segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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