Surgical Microscope Market Analysis & Forecast to 2023-2033: Market By Type; By Application; By End-user; and by Region

The global surgical microscope market size was estimated to be USD 2.74 billion in 2023 and is expected to reach at USD 9.0 billion by 2033 with a CAGR of 11.44% during the forecast period 2023-2033. The demand for more precision, an increase in surgical operations, and the emergence of new technologies including augmented reality (AR) microscopy and wide-angle lighting are all predicted to contribute to the market's expected expansion. Additionally, the market is being driven by factors including the expanding geriatric population, the burden of chronic diseases, and technological improvements in surgical microscopes. Minimally invasive operations are also being adopted more frequently.

Surge in prevalence of chronic disease is expected to fuel the market growth during the forecasted period. According to statistics released by the CDC in October 2022, Atrial fibrillation is one of the most often treated heart arrhythmias, and it is anticipated that 12.1 million Americans will have it by 2030. Therefore, it is anticipated that the rise in these chronic diseases will fuel market expansion during the upcoming years. Moreover, minimally invasive surgery (MIS) of the foot and ankle is gaining popularity rapidly, according to a February 2023 article in the Journal of the American Academy of Orthopaedic Surgeons.

By type, on casters was the highest revenue-grossing segment in the global surgical microscope market in 2022 owing to rising demand for On Casters due to increasing surgical microscopy procedures, rising technological advancements. Additionally, ceiling mounted is predicted to grow at fastest CAGR during the forecast period owing to the increasing demand for ceiling-mounted microscope and rising number of surgical microscopy procedures being performed. For instance, in December 2021, Leica Microsystems GmbH has unveiled the ARveo 8, a cutting-edge neurosurgery microscope that offers rapid processing capabilities. This advanced device enables surgeons to have real-time 3D visualization and overlay of information during procedures.

By application, ENT surgery was the highest revenue-grossing segment in the global surgical microscope market in 2022 owing to surge in number of surgical procedures, growing demand for surgical microscopes for microsurgeries, and increasing launch of new products. For instance, in August 2022, in collaboration with Bausch+Lomb, Heidelberg Engineering has introduced a digital surgical microscopy solution within the ophthalmic field. Additionally, Neurosurgery and spine surgery is predicted to grow at fastest CAGR during the forecast period owing to the growing demand for surgical microscopes, rising focus on product innovation.

By end-user, hospital was the highest revenue-grossing segment in the global surgical microscope market in 2022 owing to surge in number of patient admissions, rising number of surgeries performed in hospitals, increasing use of surgical microscopes in complex procedures, and growing introduction of advanced technologies. For instance, in June 2022, Takagi Seiko has globally released the 2ZL BG Slit Lamp Microscope and Flat Base for OM-6. This microscope enables doctors to capture images and effectively communicate the patient's condition. Additionally, physician clinics and other settings is predicted to grow at fastest CAGR during the forecast period owing to the increasing availability of smaller operational microscopes and rapidly growing field of dentistry.

North America region is anticipated for the highest revenue share during the forecast period owing to the increasing reimbursement policies for sophisticated healthcare facilities, growing prevalence of neurologic & ophthalmic disorders, and rising launch of innovative products, and surge in initiatives by key players such as partnership & collaborations. For instance, in December 2021, Leica Microsystems and SurgicalOne have extended their collaboration to distribute surgical microscopes in Maryland, Virginia, and Washington, DC, within the United States. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the growing cases of ophthalmic disorders, increasing medical tourism, surge in number of surgeries performed in inpatient and outpatient settings, increasing favourable government policies, and rising developments by key market players. For instance, in September 2021, Nikon Corporation has introduced the ECLIPSE Ci-L plus biological microscope, which eliminates the requirement of adjusting light intensity when changing magnifications. Furthermore, it alleviates the physical strain associated with prolonged observations.

Segmentation: Surgical Microscope Market Report 2022-2033

Surgical Microscope System Market Analysis & Forecast By Type 2022-2033 (Revenue USD Bn)

• Wall Mounted
• On Casters
• Ceiling Mounted
• Tabletop

Surgical Microscope System Market Analysis & Forecast By Application 2022-2033 (Revenue USD Bn)

• ENT Surgery
• Neurosurgery and Spine Surgery
• Gynecology
• Urology
• Plastic & Reconstructive Surgeries
• Dentistry

Surgical Microscope System Market Analysis & Forecast By End-user 2022-2033 (Revenue USD Bn)

• Hospital
• Physician Clinics and Other Settings

Surgical Microscope Market Analysis & Forecast by Region 2022-2033 (Revenue USD Bn)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA