Surgical Microscopes Market Overview and Regional Outlook Study 2019 – 2027

Albany NY, United States: According to Transparency Market Research’s latest market report on the surgical microscopes market for the historical period of 2017-2018 and forecast period of 2019-2027, increase in the burden of chronic diseases, and growing demand for sophisticated easy-to-maneuver and accurate surgical intervention systems are propelling the adoption of surgical microscopes.

Albany NY, United States: According to Transparency Market Research’s latest market report on the surgical microscopes market for the historical period of 2017-2018 and forecast period of 2019-2027, increase in the burden of chronic diseases, and growing demand for sophisticated easy-to-maneuver and accurate surgical intervention systems are propelling the adoption of surgical microscopes.

According to the report, the global surgical microscopes market was valued at ~US$ 515 Mn in 2018, and is projected to expand at an impressive CAGR of ~10% from 2019 to 2027.

Increase in Prevalence of Chronic Disorders and Rise in Geriatric Population: A Key Driver

Chronic diseases are long-lasting conditions that usually can be controlled but not cured. According to the National Health Council, in the U.S., by 2020, the number of individuals with chronic diseases is projected to grow to an estimated 157 million, with 81 million suffering from multiple conditions.

Rise in the geriatric population is another key driver of the global surgical microscopes market, as it constitutes the major share of the patient population suffering from chronic diseases. According to the National Council on Aging, approximately 80% of the elderly population has at least one chronic disease, and 77% has at least two. Four chronic diseases—heart disease, cancer, stroke, and diabetes, lead to almost two-thirds of all deaths each year.

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According a study published by NCBI (National Center for Biotechnology Information), titled ‘Prevalence and correlates of chronic diseases in an elderly population: A community-based survey in Haikou’, with an increase in the geriatric population and rise in life expectancy, the leading cause of death may change from infections to chronic non-communicable diseases. It has been reported that, major chronic illnesses that burden the elderly population in high-income countries are hypertension, high cholesterol, arthritis, diabetes, heart disease, cancer, and dementia.

Increase in the prevalence of chronic disorders, along with a rise in the geriatric population, is likely to propel the global surgical microscopes market during the forecast period.

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Surgical Microscopes Market: New Product Development & Technological Advancements

Key market players are engaged in the development of technologically-advanced surgical microscopes.

Rise in the demand for surgical microscopes due to a surge in advancements in technology and their requirement in various fields of surgeries, such as oncology, neurosurgery, ENT, etc., are anticipated to drive the global surgical microscopes market.

In November 2018, Leica Microsystems further enhanced the 3D visualization capabilities of its ARveo digitally-augmented reality microscope. Surgeons can now choose to operate ‘heads-up’ looking straight ahead at a large 4K 3D screen.

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In December 2017, ZEISS announced the introduction of the VERACITY Surgical to the U.S. market. VERACITY Surgical is a powerful, intuitive cloud-based platform for cataract surgery planning, logistics, treatment, risk management, and analysis. The VERACITY cataract surgery platform is the first application introduced by the Medical Technology business group of ZEISS since the company’s acquisition of Veracity Innovations LLC.

In April 2015, HAAG-STREIT GROUP announced that its intraoperative-OCT camera received 510(k) clearance from the U.S. Food and Drug Administration (FDA) The intraoperative optical coherence tomography (iOCT) is already being successfully used for cataract operations, lamellar keratoplasty, membrane peelings, and for the treatment of retinal disorders.

High Cost of Surgical Microscopes Hamper Global Surgical Microscopes Market

Surgical microscopes are expensive, delicate instruments that require extreme care and precaution in handling and cleaning. All lenses and cords must be carefully inspected before and after every use.

According to a study titled ‘An Overview on Periodontal Microsurgery’, the operating microscope offers flexibility and comfort, superior to magnifying loupes. However, it is much more expensive and difficult to use, at least initially.

Global Surgical Microscopes Market: Competition Landscape

This report profiles the major players in the global surgical microscopes market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments.

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Prominent players operating in the global surgical microscopes market include

  • Carl Zeiss Meditec AG
  • Leica Microsystems (Subsidiary of Danaher)
  • HAAG-STREIT GROUP (Metall Zug Group)
  • TOPCON CORPORATION
  • Alcon
  • Takagi Ophthalmic Instruments Europe Ltd.
  • Ecleris
  • Optomic
  • Seiler Instrument Inc.
  • ATMOS MedizinTechnik GmbH & Co. KG.

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