Surgical Microscopes Market - By Device Type (Tabletop, On Casters, Wall Mounted, Ceiling Mounted), By Application (Dentistry, Urology, Oncology, Gynecology, ENT Surgery, Neurosurgery, Ophthalmology, Spine Surgery), By End-use & Forecast, 2021-2027

Industry Trends

Surgical Microscopes Market size exceeded USD 1.1 billion in 2020 and is anticipated to grow at a CAGR of over 10.7% between 2021 and 2027. The growing need of surgical microscopes for orthopaedic conditions such as osteoporosis, osteoarthritis, etc. is projected to boost the market growth. Increasing cases of road accidents across the world have accelerated the demand for technological innovations in surgical procedures, thereby influencing the market expansion during the forecast timeframe. In addition, the constant positive performance of operating microscopes has increased its application in the global market. These products are easy to assemble, lightweight, and precise.
 

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However, a low acceptance rate attributed to the high cost of surgical microscopes in developing countries including India and other countries in Latin America & APAC may hamper the market progression. The high cost of operating microscopes is expected to adversely affect the industry growth in the coming years. Furthermore, the operating microscopes are classified as a class I medical device that is closely monitored by the U.S. FDA. The European Union Commission (EU) has reviewed medical device directive that substitutes the current medical instrument guidelines. The lack of skilled professionals in conjunction with limited technical knowledge has also contributed to the low business growth.
 

The COVID-19 pandemic had generated concerns among critically affected patients that were facing issues to undergo surgical procedures. The U.S. declared a national emergency and a ban on all elective surgical procedures in outpatient and inpatient settings. Due to the COVID-19 pandemic, the healthcare facilities already had adequate stock of surgical microscopes as the number of surgeries had decreased over the past one year. This has impacted the growth of the surgical microscopes market across the globe. Owing to the rapid rise in coronavirus cases across the globe, hospitals and other healthcare facilities were consistently engaged in the treatment of coronavirus affected patients. Hence, this has led to the delay of various surgical procedures such as dental surgery, ENT surgery, and gynecology procedures across various countries.
 

However, some of the surgeries if not performed on time may lead to the death of patients. Hence, despite the current coronavirus crisis, such emergency surgical procedures were performed in healthcare facilities across the world. These essential surgeries mainly include surgery for oncology, orthopaedic diseases, etc. Such surgical procedures require operating microscopes to enhance visualization in complicated treatments.
 

Rising number of surgical procedures across the globe is poised to augment the surgical microscopes market value

Growing number of surgical procedures across the globe has led to an increase in demand for surgical microscopes to capture high-definition images, streamline documentation for patients, and perform surgical procedures comfortably is set to drive the industry expansion. As per the research data published by the Laser Eye Surgery Hub in 2021, approximately 330,000 cataract operations are performed each year in England. According to the Agency for Healthcare Research and Quality (AHRQ), around 500,000 people undergo surgery owing to low back problems every year in the U.S.
 

Numerous benefits offered by tabletop surgical microscopes is predicted to stimulate the industry progression

The tabletop segment was valued at USD 57 million in 2020 led by the several advantages offered by tabletop surgical microscopes. Tabletop operating microscopes are designed to suit each patient case and surgeon’s unique preference to allow precise movement of devices. These microscopes are easy to move between operating rooms, improve the workflow, and maximize the performance within small operating theatres. It offers effortless positioning, an extensive range of movement, and combines a compact footprint & reach for cross-table spine set-ups, plastic, and reconstructive surgery. Recently developed tabletop operating microscopes come with a renewed design wherein the cables are concealed in the body for a hygienic and sleek outcome. The digital tabletop surgical microscopes are integrated with digital technology and the vast possibilities of digital imaging will propel the segment growth during the forecast timeframe.
 

Increasing prevalence of neurological disorders will fuel the market revenue

The neurosurgery segment accounted for around 20% of the surgical microscopes market share in 2020 impelled by the rising burden of neurological disorders, numerous benefits provided by operating microscopes in neurosurgical procedures, and growing awareness pertaining to neurological treatment. Additionally, the demand for minimally invasive surgeries is increasing among patients, due to a reduction in the cost required for hospital stays and complications arising after the surgery. Hence, owing to a decrease in out-of-pocket expenses, the preference for minimally invasive surgeries has stimulated in the recent years. As a result, manufacturers are increasingly focusing on geographical expansion and product penetration, thereby driving the global industry revenue positively.
 

Rise in demand and preference for hospitals is set to foster the industry value

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The hospitals segment will witness a growth rate of 10.5 % through 2027 propelled by the increasing number of multispecialty hospitals coupled with a growing number of surgical procedures and well-equipped health infrastructure in hospitals. Public and private organizations in developed regions are focusing to invest in the healthcare sector, hence, the segment is slated to upsurge significantly in the coming years.
 

The availability and incorporation of advanced technologies accelerates the demand for surgical microscopes in hospitals to increase precision and improve illumination that allows surgeons to visualize body anatomy efficiently. The adoption of innovative patient intensive care systems to enhance patient care in hospitals will influence the patient preference for hospitals, thereby boosting the industry demand. Thus, growing hospital admissions with chronic disorders and the demand for operating microscopes to improve the overall quality of treatment are estimated to spur the demand for these healthcare facilities.
 

Growing awareness in the North America region to decrease the chronic ailments burden is predicted to influence the regional growth

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U.S. dominated the North America surgical microscopes market with a majority share in 2020 and is anticipated to reach USD 687 million by 2027. This is attributed to the multiple factors such as the rising prevalence of chronic diseases, availability of high-quality health infrastructure, etc. As per the Centers for Disease Control and Prevention (CDC), the U.S. obesity prevalence accounted for 42.4% in 2017-2018. Due to the high prevalence of obesity in the U.S. adult population, more than 15% population is suffering from osteoarthritis and other orthopedic diseases. Considering these health issues, the patient base is projected to grow in the coming years. Greater life expectancy, sedentary lifestyle, and rapid ageing contribute to becoming the key drivers for the growth of chronic diseases, thereby spurring the usage of operating microscopes that in turn will foster the industry growth.
 

Germany market will cross USD 87 million by 2027 on account of the rising number of surgical procedures, an upsurge in a number of individuals suffering from chronic diseases, an increasing elderly population, etc. In Germany, approximately 38% of the population is estimated to be aged 60 years and above by 2050. In 2020, around 628,519 people were suffering from cancer in Germany. Thus, the increasing prevalence of chronic disorders coupled with the surging geriatric population is expected to augment the product acceptance rate. In Germany, over 400,000 cataract surgeries are conducted every year.
 

Strategic initiatives implemented by prominent players will impel the business growth

Some of the major companies operating in market are TAKAgi Seiko Co., LTD., Synaptive Medical, Seiler Instrument Inc., HAAG-STREIT Surgical GmbH, Leica Microsystems (Danaher Corporation), and Topcon Corporation among others. These prominent leaders focus on strategic partnerships, new product launch & commercialization for business expansion. Moreover, these participants are investing in research and development of surgical microscopes along with the regional expansion plans that allow them to generate maximum revenue share.
 

Surgical microscopes market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2016 to 2027, for the following segments:

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Market, By Device Type, 2016 - 2027 (USD Million)

• Tabletop       
• On Casters   
• Wall Mounted
• Ceiling Mounted       

Market, By Application, 2016 - 2027 (USD Million)

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

Market, By End-use, 2016 - 2027 (USD Million)

• Hospitals
• Ambulatory Surgical Centers
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE