According to QY Research Medical, the surgical microscopes market size was reached at $612.79 million in 2020, and is expected to surpass $1,399.09 million by 2030, growing at a CAGR of 8.9% from 2021 to 2030.
According to QY Research Medical, the surgical microscopes market size was reached at $612.79 million in 2020, and is expected to surpass $1,399.09 million by 2030, growing at a CAGR of 8.9% from 2021 to 2030.
Surgical microscope is an instrument which is used to optimize visibility of root canal details to identify and remove fractured root canal instruments. It is also known as operating microscope. It provides adjustable magnification, bright illumination, and clear visualization of the surgical field. It is significantly advanced in the technical aspects of high-end optics and bright &shadow-free illumination.
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The surgical microscopes market size was valued at $612.79 million in 2020. Global market growth is majorly driven by increase in number of surgeries such as cosmetic surgery, laparoscopic surgery, neuro-surgery; rise in various types of cancer leading to more surgical procedures; and development of new surgical instruments by large number of key players.
According to the Center for Disease Control and Prevention, 25.9% of people suffered from dental disorders in U.S. Thus, rise in burden of dental disorders increases the demand for surgical microscopes to identify the infection, which is anticipated to foster the growth of the surgical microscopes industry. Furthermore, raise in geriatric population leads to various types of diseases, increase in number of plastic surgeries leads to surge in usage of surgical microscope, which are the factors that fuel the surgical microscopes market forecast. According to World Health Organization approximately 235 million major surgical procedures were performed worldwide in 2019. According to the National Cancer Statistics in 2020, there were 1,806,590 new cases of cancer in the U.S.
The growth in number of surgeries can be attributed to the rapidly increasing geriatric population that is anticipated to boost the growth of the surgical microscopes market size. According to American Society of Plastic Surgeons, 15.6 million cosmetic surgeries were performed in 2020. Furthermore, increase in number of product approvals are expected to provide remunerative opportunities for the expansion of the global surgical microscopes market share during forecast period.
Scope of the Report
|
Report Coverage |
Details |
|
Market Size in 2020 |
$612.79 Million |
|
Revenue Forecast by 2030 |
$1399.09 Million |
|
CAGR |
8.9% from 2021 to 2030 |
|
Base Year |
2021 |
|
Forecast Data |
2022 to 2030 |
Impact Of Covid-19 On Surgical Microscopes Market (Pre And Post Analysis)
Coronavirus (COVID-19) was discovered in late December in Hubei province of Wuhan city in China. The disease is caused by a virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted from humans to humans. After its discovery in Wuhan, the disease has rapidly spread to other parts of the globe. Moreover, this virus causes various symptoms in a patient, which range from common symptoms to serious symptoms. For instance, the common symptoms include fever, dry cough, and fatigue
Serious symptoms include difficulty in breathing or shortness of breath, chest pain or pressure, and loss of speech or movement. Furthermore, the virus has a high potential of lethality in geriatric population. On March 11, 2020, the World Health Organization made an assessment that COVID-19 can be characterized as a pandemic. In addition, there are no drugs that are currently licensed for the treatment of COVID-19 treatment or prevention. Thus, social-distancing is observed as the most important measure to stop the spread of this disease.
To maintain social distancing, various countries across the world have adopted nationwide lockdowns. The COVID-19 pandemic is an unprecedented global public health challenge and is anticipated to have a negative impact on the surgical microscopes industry. Social-distancing is observed as the most important measure to stop the spread of this disease. Furthermore, to maintain social distancing, various countries across the world have adopted nationwide lockdowns. This is the factors which lead to a decline in the surgical microscopes market share capitalization of major companies across the world.
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Surgical microscope market segmentation
The surgical microscope market is segmented on the basis of application, end user, price range, and region. By application, the market is categorized into dentistry, ENT, gynecology & urology, neurosurgery & spine surgery, oncology, ophthalmology, and plastic & reconstructive surgery. the basis of end user, it is divided into hospitals and out-patient facilities. On the basis of price range, it is divided into low-range, mid-range, and premium-range.
Region-wise, the surgical microscopes market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Segment Review
Depending on application, the ophthalmology segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in R&D activities in the pharmaceutical &medical device industry, rise in demand for use in surgical procedure, and surge in adoption of surgical instruments. However, the ENT segment is expected to witness growth during the forecast period, owing to increase in number of surgeries and rise in number of key players for development of surgical microscopes in the medical device industry.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the surgical microscopes market analysis from 2020 to 2030 to identify the prevailing surgical microscopes market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the surgical microscopes market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global surgical microscopes market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
- By Application
- Plastic And Reconstructive Surgeries
- Dentistry
- Ent
- Gynecology & Urology
- Neurosurgery & Spine Surgery
- Oncology
- Ophthalmology
- By End-User
- Hospitals
- Outpatient Facilities
- By Price Range
- Low-Range
- Mid-Range
- Premium-Range
- By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Rest of LAMEA
- North America
- Key Market Players
- Alltion (Wuzhou) Co., Ltd.
- Haag-Streit U.S.
- Alcon Laboratories, Inc.
- Olympus Corporation
- Leica Microsystem GmbH
- ARRI AG
- Carl Zeiss
- global surgical corporation
- Topcon Medical Systems, Inc.
- TAKAGI SEIKO CO., LTD.
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About Us
QYResearch Medical, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base & seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in industries of healthcare services, medical technology & devices, etc.), professional survey team (the team members obtained more than 3 years market survey experience and more than 2 years deep expert interview experience), and excellent data analysis team (SPSS statistics and PPT graphics process team).
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover China, US, EU, Asia, Middle East and Africa, South America, Australia, and other regions in the world.
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