Ophthalmic Microscope Global Market Report 2024

The ophthalmic microscope market size has grown strongly in recent years. It will grow from $1.39 billion in 2023 to $1.53 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth observed in the historical period can be attributed to several factors, including increased demand from research and educational institutions, a heightened emphasis on ergonomic design and user experience, rising demands from an aging population, advancements enhancing imaging quality, and an overall increase in eye disorders prompting greater need for specialized equipment.

The ophthalmic microscope market size is expected to see strongly grown in the next few years. It will grow to $2.14 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. Anticipated growth in the forecast period is driven by several factors, including a continued emphasis on ergonomic design, expanding markets in developing regions, increased demand for minimally invasive procedures, a focus on precision and accuracy in ophthalmic equipment, and a rise in the number of ophthalmic surgeries being performed. Major trends expected during this period encompass a surge in eye surgeries, ongoing development of healthcare infrastructure, a rise in eye disorders prompting greater awareness and education, and favorable reimbursement policies facilitating accessibility to advanced ophthalmic technologies.

The surge in eye diseases like vision impairment is fueling the growth of the ophthalmology microscope market. These diseases affect the eye's structures and functions, resulting in vision loss or impairment. Ophthalmic microscopes play a crucial role in detailed eye imaging, aiding in the detection and diagnosis of eye-related issues. For instance, the World Health Organization reported that at least 2.2 billion individuals globally had near or distant vision impairment in October 2022. Furthermore, as per the Centers for Disease Control and Prevention (CDC), approximately 17.2% of Americans above 40 years old had a cataract in at least one eye, estimating a prevalence affecting about 30 million people by 2028. Consequently, the rising prevalence of eye diseases is a driving force behind the ophthalmic microscope market.

The increasing incidence of diabetes is anticipated to drive the expansion of the ophthalmic microscope market. Diabetes, a chronic condition characterized by high blood sugar levels, often leads to diabetic retinopathy and other eye-related complications. Ophthalmic microscopes are instrumental in identifying and managing these diabetic eye complications. According to the IDF Diabetes Atlas published in July 2021, diabetes affected 537 million individuals globally in 2021 and is projected to impact 643 million by 2030, constituting 11.3% of the population. Hence, the escalating prevalence of diabetes is propelling growth in the ophthalmic microscope market. Key players in the ophthalmic microscope market are prioritizing the development of digital platforms, such as digital surgical visualization platforms, to gain a competitive edge. These advanced systems are tailored to enhance visual capabilities during surgical procedures. For instance, in April 2023, Bausch + Lomb and Heidelberg Engineering jointly launched SeeLuma, a fully digital surgical visualization platform aimed at ophthalmic surgeons. SeeLuma offers superior visualization with features like a heads-up 3D monitor, multiple digital display options, and an intuitive interface. It includes digital binoculars for ergonomic posture and an interactive Assist Mode for real-time support, surpassing existing microscope capabilities.

Leading companies in the ophthalmic microscope market are focusing on developing advanced systems like the next-generation optical coherence tomography (OCT) system to maximize market profits. This system employs low-coherence light to capture high-resolution, cross-sectional images of biological tissues, enabling non-invasive and detailed imaging. For instance, Leica Microsystems introduced the Proveo 8 ophthalmic microscope with the next-generation Integrated EnFocus intraoperative OCT in November 2023. The enhanced design integrates the OCT scan head, reducing stack height by 40% to 36 mm for better surgeon comfort. With double the scan depth (5 mm), surgeons get a comprehensive view of the anterior chamber during surgery. Additionally, the slimmed-down EnFocus OCT design improves compatibility with accessories like the keratoscope for visualizing corneal curvature.

In April 2023, Bain Capital Private Equity, a US-based private investment firm, successfully acquired Evident Corporation for an undisclosed sum. This acquisition facilitated Bain Capital's exploration of growth avenues in product innovation and expanded its presence into new geographical markets. Evident Corporation, based in the US, specializes in manufacturing ophthalmology microscopes and other life science microscopes.

Major companies operating in the ophthalmic microscope market report are Alcon Inc., Carl Zeiss Meditec AG, Leica Microsystems GmbH, Topcon Corporation, Haag-streit Holding AG, Takagi Seiko Ltd., Karl Kaps GmbH & Co. KG, Seiler medical AG, Rexam Co. Ltd., Orion Medic Oy, Inami & Co. Ltd., Alltion Co. Ltd., Prescott's Inc., Revenio Group Corporation, TTI Medical Inc., US Ophthalmic LLC, Moeller-Wedel GmbH, Novartis AG, Johnson & Johnson, Vision Engineering Ltd., Optopol Technology S.A., Optikron GmbH, NIDEK CO. LTD., Santen Pharmaceutical Co. Ltd., Huvitz Co. Ltd., Welch Allyn Inc., Reichert Inc., Hoya Corporation, Tomey Corporation, Nikon Corporation, Olympus Corporation, Oculus Surgical & Ophthalmic Instruments GmbH, Volk Optical Ltd., Costruzione Strumenti Oftalmici, Italmec, Mediview, Rodenstock GmbH.

North America was the largest region in the ophthalmic microscope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global ophthalmic microscope market report forecast period. The regions covered in the ophthalmic microscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the ophthalmic microscope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of ophthalmic microscopes are optical, digital, and others, with various modalities, including ceiling-mounted, table-top, wall-mounted, and on-casters. These are used for several applications, such as LASIK Surgery, Cataract Surgery, Keratoplasty Surgery, Trabeculectomy, and others, for various end uses, including hospitals, ambulatory surgical centers, and others.

The ophthalmic microscopes market research report is one of a series of new reports provides ophthalmic microscopes market statistics, including the ophthalmic microscopes industry global market size, regional shares, competitors with an ophthalmic microscopes market share, detailed ophthalmic microscopes market segments, market trends, and opportunities, and any further data you may need to thrive in the ophthalmic microscopes industry. The ophthalmic microscopes market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The ophthalmic microscope market consists of sales of scanning probe microscopes, and electron microscopes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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