Surgical Microscopes Market By Type (On Casters, Wall-Mounted, Tabletop, Ceiling Mounted), By Application (Dental, Ent, Gynecology, Ophthalmology, Others), By End-User (Hospitals, Ambulatory Surgery Centers (Asc), Others), by geography is expected to grow at a steady CAGR forecast till 2027 owing to increasing burden of the geriatric population and the rising number of various surgeries
Global Surgical Microscopes Market was valued at USD 1.12 billion in 2021, growing at a CAGR of 9.70% during the forecast period from 2022 to 2027 to reach USD 1.95 billion by 2027. The Surgical Microscopes market is witnessing positive growth owing to the growing burden of the geriatric population who are susceptible to developing various disorders, rising prevalence of various chronic diseases leading to an increase in surgical procedures such as dental, vascular, and others across the globe. In addition, accumulative focus on developing technologically advanced devices in the product arena are some of the factors contributing to the Global Surgical Microscopes Market.
The Surgical Microscopes market is witnessing a growth in product demand owing to various reasons, one of the key factors being the growing burden of the geriatric population who are more susceptible to developing chronic disorders. According to the United Nations World Population Ageing 2019 highlights, approximately 703 million people were aged 65 years and above across the globe. Also, the report estimated the old age population to rise to 1.5 billion by the year 2050.
In addition, as per the World Health Organization 2021 statistics, globally, there were about 1 billion persons aged 60 years or over in the year 2020.
Age is considered as one of the key risk factors associated with chronic disorders, therefore, the rising elderly population is expected to lead to the rise in the patient population across the world, which in turn would lead to an increase in demand for Surgical Microscopes in the forecast period, which will drive the Surgical Microscopes market growth.
Another key factor responsible for the positive growth of the Surgical Microscope market is the growing prevalence of chronic disorders such as cardiovascular disorder, neurological disorder, urological disorders, among others which require surgical intervention as one of the treatment regimens. According to the Global Surgery Foundation 2021 reports, about 30% of the global burden of disease is caused by conditions that can be treated by surgery.
As per the International Society of Aesthetic Plastic Surgery 2019 global statistics, approximately 11,363,569 surgical procedures were performed by plastic surgeons.
Furthermore, surgical microscopes have become an important tool for minimally invasive surgical procedures in several areas such as dental surgery, neurosurgery, ophthalmic surgery, and cosmetic surgery. Moreover, technological advances such as higher resolution imaging, 3D imaging, and robotics have allowed practitioners for carrying out more effective and accurate surgeries which reduces the length of hospitalization and lowers the risk of revision surgeries which will contribute to the increasing demand for Surgical Microscopes.
Thus, all the aforementioned factors are expected to augment the global market for Surgical Microscopes. However, the high cost of the equipment and stringent regulatory approval process is likely to impede the market for Surgical Microscopes.
Also, the unprecedented COVID-19 pandemic has had a substantial effect on the Surgical Microscopes Market. This is because surgery increases the risk of transmission of the infection as surgery involves cutting, abrading, suturing which cannot be performed without coming in contact. Therefore, to avoid infection transmission patients avoided visiting hospitals. Also, stringent guidelines implemented by various governments across the globe, delays in various elective surgeries, halt in manufacturing facilities have also slowed down the market for Surgical Microscopes. However, the global launch of different vaccines and implementation of a mass vaccination drive is expected to normalize the market growth in the post-pandemic situation.
Surgical Microscopes Market By Type (On Casters, Wall Mounted, Tabletop, Ceiling Mounted), By Application (Dental, ENT, Gynecology, Ophthalmology, Others), By End-User (Hospitals, Ambulatory Surgery Centers (ASCs), Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the Product segment of the Surgical Microscopes Market, the On-casters Microscopes are estimated to hold the highest share in the Surgical Microscopes market during the forecast period.
On-casters Microscopes offer several advantages as they are floor-mounted devices that have retractable casters with single, double, or compound wheels.
Because these devices come with wheels, they allow free movement of the microscope and provide absolute equilibrium. Advantages such as requiring minimum efforts, offered by on-casters microscopes help in reducing the duration of the operation.
Therefore, considering the advantages associated with On-casters Microscopes, this product category is expected to generate significant revenue share eventually contributing to the overall growth of the global Surgical Microscopes market in the forecast period.
Among all the regions, North America is expected to account for the largest share in the Global Surgical Microscopes market. This domination is owing to the rising burden of the population in the region suffering from chronic disorders. Moreover, the rapidly growing old age population in the country in comparison to previous years is also a factor contributing to the rising market for Surgical Microscopes. According to the U.S. Census Bureau 2020 data, the 65-and-older population in the US grew by 3.2% (1,688,924) from 2018 to 2019. In addition, the presence of a proper reimbursement policy for surgeries along with advanced and well-established healthcare infrastructure, among others will spur the market for Surgical Microscopes. In addition, the high adoption rate of advanced technology and the presence of skilled professionals are expected to drive market growth during the forecast period.
Furthermore, the presence of key manufacturers such as Leica Microsystems, Alcon, ZEISS, Topcon Corporation, among others active in the production of Surgical Microscopes is anticipated to fuel the market in the region. Moreover, the occurrence of various strategic business activities in the region such as company collaborations, acquisitions, product launch, and approval, among others are also expected to propel the market for Surgical Microscopes in the region. This in turn would provide a conducive growth environment for the North America region.
These kinds of products launched in the local markets will thereby push the product demand in the market. Therefore, the interplay of various factors such as the presence of a large patient population as well as new product launches in the region is expected to boost the North America Surgical Microscopes market during the forecast period.
Some of the key market players operating in the Surgical Microscopes market include Leica Microsystems (Danaher Corporation), Alcon (Novartis AG), ZEISS, Topcon Corporation, Olympus, Haag-Streit Group, CJ-OPTIK GmbH & Co. KG, Meiji Techno., Sinol Dental Limited, Alltion (Wuzhou) Co., Ltd., ARRI UBMS, Karl Kaps GmbH & Co. KG, Takagi Seiko, Global Surgical Corporation, Optomic, Jiangsu Bairun Medical Technology Co., Ltd., Hefei DentaFilm Medical Equipment Co., Ltd., MediWorks, ATMOS MedizinTechnik GmbH & Co. KG, Labo America, Inc., and others.
1. What are Surgical Microscopes?
A surgical microscope, also known as an operating microscope, is an optical microscope specifically designed to be used in a surgical setting, especially requisite for microsurgery.
2. What is the market for Global Surgical Microscopes?
Global Surgical Microscopes Market was valued at USD 1.12 billion in 2021, growing at a CAGR of 9.70% during the forecast period from 2022 to 2027 to reach USD 1.95 billion by 2027.
3. What are the drivers for Global Surgical Microscopes Market?
The Surgical Microscopes market is witnessing a positive market growth owing to the growing burden of the geriatric population who are susceptible to developing various disorders, rising prevalence of various chronic diseases leading to an increase in surgical procedures such as dental, vascular, and others across the globe. In addition, accumulative focus on developing technologically advanced devices in the product arena.
4. Who are the key players operating in the Global Surgical Microscopes Market?
Some of the key market players operating in the Surgical Microscopes market include Leica Microsystems (Danaher Corporation), Alcon (Novartis AG), ZEISS, Topcon Corporation, Olympus, Haag-Streit Group, CJ-OPTIK GmbH & Co. KG, Meiji Techno., Sinol Dental Limited, Alltion (Wuzhou) Co., Ltd., ARRI UBMS, Karl Kaps GmbH & Co. KG, Takagi Seiko, Global Surgical Corporation, Optomic, Jiangsu Bairun Medical Technology Co., Ltd., Hefei DentaFilm Medical Equipment Co., Ltd., MediWorks, ATMOS MedizinTechnik GmbH & Co. KG, Labo America, Inc., and others.
5. Which region has the highest share in Surgical Microscopes Market?
North America is expected to hold the highest share in the revenue in the Surgical Microscopes market during the forecast period. This domination is owing to the rising burden of the population in the region suffering from chronic disorders. Moreover, the rapidly growing old age population in the country in comparison to previous years is also a factor contributing to the rising market for Surgical Microscopes.
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Global Surgical Microscopes Market was valued at USD 1.12 billion in 2021, growing at a CAGR of 9.70% during the forecast period from 2022 to 2027 to reach USD 1.95 billion by 2027. The Surgical Microscopes market is witnessing positive growth owing to the growing burden of the geriatric population who are susceptible to developing various disorders, rising prevalence of various chronic diseases leading to an increase in surgical procedures such as dental, vascular, and others across the globe. In addition, accumulative focus on developing technologically advanced devices in the product arena are some of the factors contributing to the Global Surgical Microscopes Market.
Surgical Microscopes Market Dynamics:
The Surgical Microscopes market is witnessing a growth in product demand owing to various reasons, one of the key factors being the growing burden of the geriatric population who are more susceptible to developing chronic disorders. According to the United Nations World Population Ageing 2019 highlights, approximately 703 million people were aged 65 years and above across the globe. Also, the report estimated the old age population to rise to 1.5 billion by the year 2050.
In addition, as per the World Health Organization 2021 statistics, globally, there were about 1 billion persons aged 60 years or over in the year 2020.
Age is considered as one of the key risk factors associated with chronic disorders, therefore, the rising elderly population is expected to lead to the rise in the patient population across the world, which in turn would lead to an increase in demand for Surgical Microscopes in the forecast period, which will drive the Surgical Microscopes market growth.
Another key factor responsible for the positive growth of the Surgical Microscope market is the growing prevalence of chronic disorders such as cardiovascular disorder, neurological disorder, urological disorders, among others which require surgical intervention as one of the treatment regimens. According to the Global Surgery Foundation 2021 reports, about 30% of the global burden of disease is caused by conditions that can be treated by surgery.
As per the International Society of Aesthetic Plastic Surgery 2019 global statistics, approximately 11,363,569 surgical procedures were performed by plastic surgeons.
Furthermore, surgical microscopes have become an important tool for minimally invasive surgical procedures in several areas such as dental surgery, neurosurgery, ophthalmic surgery, and cosmetic surgery. Moreover, technological advances such as higher resolution imaging, 3D imaging, and robotics have allowed practitioners for carrying out more effective and accurate surgeries which reduces the length of hospitalization and lowers the risk of revision surgeries which will contribute to the increasing demand for Surgical Microscopes.
Thus, all the aforementioned factors are expected to augment the global market for Surgical Microscopes. However, the high cost of the equipment and stringent regulatory approval process is likely to impede the market for Surgical Microscopes.
Also, the unprecedented COVID-19 pandemic has had a substantial effect on the Surgical Microscopes Market. This is because surgery increases the risk of transmission of the infection as surgery involves cutting, abrading, suturing which cannot be performed without coming in contact. Therefore, to avoid infection transmission patients avoided visiting hospitals. Also, stringent guidelines implemented by various governments across the globe, delays in various elective surgeries, halt in manufacturing facilities have also slowed down the market for Surgical Microscopes. However, the global launch of different vaccines and implementation of a mass vaccination drive is expected to normalize the market growth in the post-pandemic situation.
Surgical Microscopes Market Segment Analysis:
Surgical Microscopes Market By Type (On Casters, Wall Mounted, Tabletop, Ceiling Mounted), By Application (Dental, ENT, Gynecology, Ophthalmology, Others), By End-User (Hospitals, Ambulatory Surgery Centers (ASCs), Others), and By Geography (North America, Europe, Asia-Pacific, and Rest of the World)
In the Product segment of the Surgical Microscopes Market, the On-casters Microscopes are estimated to hold the highest share in the Surgical Microscopes market during the forecast period.
On-casters Microscopes offer several advantages as they are floor-mounted devices that have retractable casters with single, double, or compound wheels.
Because these devices come with wheels, they allow free movement of the microscope and provide absolute equilibrium. Advantages such as requiring minimum efforts, offered by on-casters microscopes help in reducing the duration of the operation.
Therefore, considering the advantages associated with On-casters Microscopes, this product category is expected to generate significant revenue share eventually contributing to the overall growth of the global Surgical Microscopes market in the forecast period.
North America is expected to dominate the overall Surgical Microscopes Market:
Among all the regions, North America is expected to account for the largest share in the Global Surgical Microscopes market. This domination is owing to the rising burden of the population in the region suffering from chronic disorders. Moreover, the rapidly growing old age population in the country in comparison to previous years is also a factor contributing to the rising market for Surgical Microscopes. According to the U.S. Census Bureau 2020 data, the 65-and-older population in the US grew by 3.2% (1,688,924) from 2018 to 2019. In addition, the presence of a proper reimbursement policy for surgeries along with advanced and well-established healthcare infrastructure, among others will spur the market for Surgical Microscopes. In addition, the high adoption rate of advanced technology and the presence of skilled professionals are expected to drive market growth during the forecast period.
Furthermore, the presence of key manufacturers such as Leica Microsystems, Alcon, ZEISS, Topcon Corporation, among others active in the production of Surgical Microscopes is anticipated to fuel the market in the region. Moreover, the occurrence of various strategic business activities in the region such as company collaborations, acquisitions, product launch, and approval, among others are also expected to propel the market for Surgical Microscopes in the region. This in turn would provide a conducive growth environment for the North America region.
These kinds of products launched in the local markets will thereby push the product demand in the market. Therefore, the interplay of various factors such as the presence of a large patient population as well as new product launches in the region is expected to boost the North America Surgical Microscopes market during the forecast period.
Surgical Microscopes Market Key Players:
Some of the key market players operating in the Surgical Microscopes market include Leica Microsystems (Danaher Corporation), Alcon (Novartis AG), ZEISS, Topcon Corporation, Olympus, Haag-Streit Group, CJ-OPTIK GmbH & Co. KG, Meiji Techno., Sinol Dental Limited, Alltion (Wuzhou) Co., Ltd., ARRI UBMS, Karl Kaps GmbH & Co. KG, Takagi Seiko, Global Surgical Corporation, Optomic, Jiangsu Bairun Medical Technology Co., Ltd., Hefei DentaFilm Medical Equipment Co., Ltd., MediWorks, ATMOS MedizinTechnik GmbH & Co. KG, Labo America, Inc., and others.
Recent Developmental Activities in the Surgical Microscopes Market:
- On October 29, 2021, Leica Microsystems launched a new generation of the M320 dental microscope for micro-dentistry.
- On September 16, 2020, True Digital Surgery and Aesculap, Inc. launched the Aesculap Aeos™ Robotic Digital Microscope in the United States.
- In October 2018, Med X Change, Inc. announced the launch and production availability* of the 4Klear, a 4K Camera & Medical Video Recorder all-in-one solution for surgical microscopes.
Key Takeaways from the Surgical Microscopes Market Report Study
- Market size analysis for current Surgical Microscopes market size (2021), and market forecast for 5 years (2022-2027)
- The effect of the COVID-19 pandemic on this market is significant. To capture and analyze suitable indicators, our experts are closely watching the Surgical Microscopes market.
- Top key product/services/technology developments, merger, acquisition, partnership, joint venture happened for last 3 years
- Key companies dominating the global Surgical Microscopes market.
- Various opportunities available for the other competitor in the Surgical Microscopes market space.
- What are the top performing segments in 2021? How these segments will perform in 2027.
- Which is the top-performing regions and countries in the current Surgical Microscopes market scenario?
- Which are the regions and countries where companies should have concentrated on opportunities for Surgical Microscopes market growth in the coming future?
Target Audience who can be benefited from this Surgical Microscopes Market Report Study
- Surgical Microscopes products providers
- Research organizations and consulting companies
- Surgical Microscopes-related organizations, associations, forums, and other alliances
- Government and corporate offices
- Start-up companies, venture capitalists, and private equity firms
- Distributors and Traders dealing in Surgical Microscopes
- Various End-users who want to know more about the Surgical Microscopes market and latest technological developments in the Surgical Microscopes market.
Frequently Asked Questions for Surgical Microscopes Market:
1. What are Surgical Microscopes?
A surgical microscope, also known as an operating microscope, is an optical microscope specifically designed to be used in a surgical setting, especially requisite for microsurgery.
2. What is the market for Global Surgical Microscopes?
Global Surgical Microscopes Market was valued at USD 1.12 billion in 2021, growing at a CAGR of 9.70% during the forecast period from 2022 to 2027 to reach USD 1.95 billion by 2027.
3. What are the drivers for Global Surgical Microscopes Market?
The Surgical Microscopes market is witnessing a positive market growth owing to the growing burden of the geriatric population who are susceptible to developing various disorders, rising prevalence of various chronic diseases leading to an increase in surgical procedures such as dental, vascular, and others across the globe. In addition, accumulative focus on developing technologically advanced devices in the product arena.
4. Who are the key players operating in the Global Surgical Microscopes Market?
Some of the key market players operating in the Surgical Microscopes market include Leica Microsystems (Danaher Corporation), Alcon (Novartis AG), ZEISS, Topcon Corporation, Olympus, Haag-Streit Group, CJ-OPTIK GmbH & Co. KG, Meiji Techno., Sinol Dental Limited, Alltion (Wuzhou) Co., Ltd., ARRI UBMS, Karl Kaps GmbH & Co. KG, Takagi Seiko, Global Surgical Corporation, Optomic, Jiangsu Bairun Medical Technology Co., Ltd., Hefei DentaFilm Medical Equipment Co., Ltd., MediWorks, ATMOS MedizinTechnik GmbH & Co. KG, Labo America, Inc., and others.
5. Which region has the highest share in Surgical Microscopes Market?
North America is expected to hold the highest share in the revenue in the Surgical Microscopes market during the forecast period. This domination is owing to the rising burden of the population in the region suffering from chronic disorders. Moreover, the rapidly growing old age population in the country in comparison to previous years is also a factor contributing to the rising market for Surgical Microscopes.
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Table of Contents
1. Surgical Microscopes Market Report Introduction6. COVID-19 Impact Analysis on Surgical Microscopes Market8. Surgical Microscopes Market Global Company Share Analysis - Key 3-5 Companies10. KOL Views11. PROJECT APPROACH12. About the Publisher13. Disclaimer & Contact the Publisher
2. Surgical Microscopes Market Executive Summary
3. Regulatory Analysis
4. Surgical Microscopes Market Key Factors Analysis
5. Surgical Microscopes Market Porter's Five Forces Analysis
7. Surgical Microscopes Market Layout
9. Surgical Microscopes Market Company and Product Profiles
List of Tables
List of Figures