Surgical Microscopes Market Trends

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