Surgical Microscopes Market - Industry Size, Competitive Analysis and 2027 Growth Forecasts

Growing demand for minimally invasive surgeries across the globe is one of the significant factors influencing the market growth.

Market Size – USD 0.91 billion in 2019, Market Growth - CAGR of 10.3%, Market Trends – Rise in geriatric population

 The global surgical microscopes market is expected to reach USD 2.00 Billion by 2027, according to a new report by Reports and Data. Growing demand for surgeries across the globe is expected to drive the market demand for surgical microscopes. Surgery, a basic component of health care systems, is used in treating a wide range of diseases to improve human health. Surgeries are necessary for everyone ranging from infants with congenital abnormalities to the aged with cataracts. Often, it is an element of curative care like cancer, along with the treatment of chronic diseases, including osteoarthritis.

Rise in the geriatric population is one of the significant factors influencing the market growth. It has been estimated that by 2050 approximately 16.0% of the global population will be aged more than 65 years, which expected to increase fivefold since 1950. Forecasts from the World Health Organization (WHO), United Nations (UN), and the EU commission all indicate aging as a significant challenge for society, which demands concentrated efforts to meet the requirements of the elderly.

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The report provides a complete analysis of the global Surgical Microscopes market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into the market growth, size, and investment approaches.

The key companies profiled in the market are:

Alcon, Topcon Corporation, Seiler Instrument Inc., Carl Zeiss Meditec AG, Leica Microsystems, ARI Medical Technology Co. Ltd., Takagi Seiko Co. Ltd., Synaptive Medical, Olympus Corporation, and Metall Zug Group

Further key findings from the report suggest

• By product type, on-casters contributed to the largest market share in 2019 and is estimated to grow at a rate of 9.9% in the forecast period. On-casters surgical microscopes are floor-mounted devices possessing retractable casters with wheels. The caster is meant to offer complete equilibrium, permitting the free movement of the microscope. In clinical settings with distant walls or high ceilings, the on-caster type is preferable.
• By application, ophthalmology held the second-largest market share in 2019 and is expected to grow at a rate of 9.8% in the period 2019-2027. The human eye is a very delicate organ, and therefore performing ophthalmic surgery demands the ability to observe surgical progress on a micro-level. Ophthalmic surgical microscopes are intended to provide high contrast and comprehensive imaging of all areas of the human eye. It can either be adjustable or fixed, and specific models give a secondary observer set of binoculars, few of which can autonomously regulate the focusing mechanism.
• By end-users, hospitals dominated the market in 2019 and are expected to grow at a rate of 10.1% in the forecast period. The factors including well-resourced operating rooms, higher purchasing power, the existence of highly skilled healthcare professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
• The market in the Asia Pacific region is likely to witness the highest growth rate of 11.5% in the period 2020-2027. The high growth of the APAC region is owing to the increasing demand for the surgical microscopes in emerging economies, such as China and India, owing to a rise in the level of disposable income, increasing target conditions, and rising healthcare standards, among others.
• In October 2018, Med X Change, Inc. announced the launch and availability of the 4Klear, a 4K Camera and Medical Video Recorder, an All-In-One Solution for surgical microscopes. The availability of two products in one; reduces cost, simplifies use, and offers unparalleled Native 4K image quality.

For the purpose of this report, Reports and Data have segmented the global surgical microscopes market on the basis of product type, application, end-user, and region:

 Product Type Outlook (Revenue, USD Million; 2017-2027)

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

Application Outlook (Revenue, USD Million; 2017-2027)

• Neurosurgery & Spine Surgery
• Ophthalmology
• ENT Surgery
• Dentistry
• Plastic & Reconstructive Surgery
• Gynecology
• Urology
• Others

End-Users Outlook (Revenue, USD Million; 2017-2027)

• Hospitals
• Clinics
• Ambulatory Surgical Centers
• Others

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The report further segments the market on the basis of key regions of the world and offers an assessment of the production and manufacturing capacity, import and export, production and consumption patterns, supply and demand ratio, and the presence of key players in each region. The Surgical Microscopes market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

In-depth regional analysis covers:

• North America

• U.S.
• Canada
• Mexico

• Europe

• Germany
• U.K.
• France
• BENELUX
• Rest of Europe

• Asia Pacific

• China
• Japan
• South Korea
• Rest of APAC

• Latin America

• Brazil
• Rest of LATAM

• Middle East & Africa

• Saudi Arabia
• A.E.
• Rest of MEA

The report includes primary and subjective research with a comprehensive study examined and validated by industry professionals and experts. The report further provides insights into the opportunities and threats that the industry may witness in the upcoming years, throughout the forecast period. The report also provides an insight into the growth in revenue along with CAGR throughout the forecast period. It also provides insights into lucrative opportunities to enable the businesses to capitalize on the emerging trends of the market.

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Highlights of the TOC:

1. Report Overview

1.1 Research Scope

1.2 Key Surgical Microscopes market segments

1.3 Major players

1.4 Market analysis by product

1.5 Market analysis by application

1.6 Report timeline

2. Global Growth Trends

2.1 Global Surgical Microscopes market size

2.2 Latest Surgical Microscopes market trends

2.3 Key growth trends

3. Competitive Landscape

3.1 Global Surgical Microscopes market key players

3.2 Global Surgical Microscopes size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Surgical Microscopes market

3.5 Mergers, acquisitions, joint ventures, and strategic alliances

About Reports and Data                              

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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