Surgical Microscopes Market Size to Surpass US$ 5.5 Billion by 2030

According to Vision Research Reports, the global surgical microscopes market size to surpass around US$ 5.5 billion by 2030 and growing at a CAGR of 20.5% over the forecast period 2022 to 2030.

Report Highlights

• North America dominated the global market with a valuation of USD 437.6 million in 2021. The
• Asia Pacific is anticipated to register the fastest compound annual growth rate (CAGR) of 12.27% from 2022 to 2030.
• Based on type, the on-casters segment dominated the market with a valuation of USD 880.9 million in 2021.
• The wall-mounted surgical microscopes segment is expected to expand at a compound annual growth rate (CAGR) of 11.44% during the forecast period.
• The ophthalmology segment held the largest revenue share and was valued at USD 412.9 million in 2021
• The neurosurgery and spine surgery segment is anticipated to witness growth at a CAGR of 11.01% and 10.48% respectively during the forecast period.
• In terms of end-use, the hospital segment dominated the global market and reached a valuation of USD 648.9 million in 2021.
• The physician clinics and other settings segment are expected to register the fastest compound annual growth rate (CAGR) of 12.43% from 2022 to 2030.

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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.
• 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.

Increase in the burden of chronic diseases, and growing demand for sophisticated easy-to-maneuverand accurate surgical intervention systems are propelling the adoption of surgical microscopes.

An operating or surgical microscope is an optical instrument that provides the surgeon with a stereoscopic, high quality magnified, and illuminated image of small structures in the surgical area. The operating microscope is a fixture of modern surgical facilities, and it is critically important for the success of several complex surgical interventions that are used today. First used in neurosurgical procedures, surgical microscopes are now heavily utilized in the surgical practices of ophthalmology, otolaryngology, plastic and reconstructive medicine, dentistry, gynecology, oncology, urology, etc. The purpose of a surgical microscope is to improve the surgeon’s view and also improve the usual components of microscopy, magnification, resolution, and illumination. Modern surgical microscopes can be placed on a stand, table or even worn by the surgeon. These microscopes can also be mounted on the ceiling or a wall to conserve floor space in the surgical suite.

Scope of the Report

Type Insights

Based on type, the on-casters segment dominated the market with a valuation of USD 880.9 million in 2021. The market has been segmented into casters, wall-mounted, tabletop, and ceiling mounted. On-casters microscopes are floor-mounted devices that have retractable casters with single, double, or compound wheels.

Surgical microscopy on casters is used in the majority of surgical fields, including dental, ophthalmology, neurosurgery, cosmetics procedures, and ENT. Caster-mounted microscopes occupy less floor space and can be easily moved in any direction as per the convenience of surgeons. This is driving the demand for these devices, thereby supporting the segment growth.

The wall-mounted surgical microscopes segment is expected to expand at a compound annual growth rate (CAGR) of 11.44% during the forecast period. The segment held the second-largest market share followed by tabletop and ceiling-mounted microscopes. The wall-mounted microscopes are less frequently used owing to their limitations such as restricted flexibility and illumination & maintenance concerns.

However, such microscopes are preferred in examination or operating rooms with limited space. Moreover, the wall-mounted microscopes come with an in-built spring system, which can be tightened as per a person’s weight. Such factors are contributing to the demand for wall-mounted microscopes. Ceiling-mounted microscopes held the least market share.

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Application Insights

The ophthalmology segment held the largest revenue share and was valued at USD 412.9 million in 2021 owing to factors such as a rising patient pool, an increase in demand for devices to fulfill the surgical requirements, and an increase in the volume of cataract surgeries. Various ophthalmic surgeries performed require surgical microscopes.

Some of the major surgeries include laser eye surgery; glaucoma, corneal, & eye muscle surgeries; and oculoplastic surgeries. The complex anatomy of the eye and availability of a broad range of products, such as Leica M844 F40/F20 and Leica M822 F40/F20, for treating various ophthalmic conditions are certain positive factors for the segment growth.

The neurosurgery and spine surgery segment is anticipated to witness growth at a CAGR of 11.01% and 10.48% respectively during the forecast period. The overall segment held the second-largest share. Neurosurgery and spine surgery include surgeries related to the nervous system, including all the parts that are in the peripheral nerves, spinal cord, brain, and extra-cranial cerebrovascular system.

As surgical microscopes play a critical role in neurosurgeries with regard to better illumination and three-dimensional views, manufacturers are focusing on product innovation to increase treatment efficiency. For instance, in 2017, at the American Association of Neurological Surgeons (AANS) Annual Scientific Meeting, Leica Microsystem launched augmented reality imaging technologies for surgical microscopes to supplement surgical microscope views for neurological procedures.

End-use Insights

In terms of end-use, the hospital segment dominated the global market and reached a valuation of USD 648.9 million in 2021.  The market has been bifurcated into sub-segments namely, hospital and physician clinics & other settings. The hospital's segment is the largest end-use segment of operational microscopes owing to the higher number of patient admissions & surgeries performed in hospitals and greater financing capabilities.

Furthermore, hospitals have funding to purchase the most advanced surgical equipment to improve and streamline the workflow in operating rooms. For instance, in July 2019, Mater Private Hospital Brisbane installed the city’s first 3D robotic surgical microscope in the neurosurgery operating theaters.

The physician clinics and other settings segment are expected to register the fastest compound annual growth rate (CAGR) of 12.43% from 2022 to 2030. The availability of smaller operational microscopes and the rapidly growing field of dentistry are among the major factors contributing to the growth of this segment.

Over the past several years, healthcare delivery has shifted from inpatient hospital settings to various community-based and ambulatory settings. Owing to the increasing demand for shorter hospital stays and faster recovery, a higher number of patients are preferring ambulatory surgery centers.

Regional Insights

North America dominated the global market with a valuation of USD 437.6 million in 2021. The high share is attributed to the presence of a supportive reimbursement framework for medical treatments and sophisticated healthcare facilities that are equipped with highly advanced tools and skilled neurosurgeons & cosmetic surgeons.

Moreover, the prevalence of ophthalmic and neurologic disorders in this region is substantially higher, which is facilitating the regional market growth. Companies in the region are launching innovative products, which is also expected to augment the market growth in North America. For instance, in April 2019, Med X Change launched 4Klear “Lite” camera-only version.

Asia Pacific is anticipated to register the fastest compound annual growth rate (CAGR) of 12.27% from 2022 to 2030. Rising cases of ophthalmic disorders, growing medical tourism, and an increasing number of surgeries performed in inpatient and outpatient settings are among the major factors driving the market in the region. In addition, favorable government policies to improve the healthcare system and rapid economic development in many countries of the region are anticipated to boost the market growth during the forecast period.

Key Players

Prominent players operating in the global surgical microscopes market are ZEISS International, Leica Microsystems (Subsidiary of Danaher), HAAG-STREIT GROUP (Metall Zug Group), TOPCON CORPORATION, Alcon, Takagi Ophthalmic Instruments Europe Ltd., Ecleris, Optomic, Seiler Instrument Inc., and ATMOS MedizinTechnik GmbH & Co. KG.

Market Segmentation

Surgical Microscopes Market by Product

• On Casters
• Wall & Ceiling Mounted

Surgical Microscopes Market by Application

• ENT Surgeries
• Dentistry
• Oncology
• Neurosurgery
• Ophthalmology
• Plastic & Reconstructive Surgeries
• Other Surgeries

Surgical Microscopes Market by End User

• Hospitals & Ambulatory Surgical Centers
• Specialty Clinics

Surgical Microscopes Market by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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