Rise In Population, Chronic Diseases, Advancement In Healthcare All Lead To The Growth Of The Global Surgical Microscope Market

Author : Acumen Research and Consulting

Surgical microscope is designed for use in surgical settings to do microsurgeries. They are automatically operated optical device which have uses in neurosurgery & spine surgery, oncology, ophthalmology, and plastic & reconstructive surgeries dentistry, ENT, gynecology, urology. In the recent times, the world’s ageing population has been on a rise. Along with it increase in chances chronic disorders such as cancer and coronary heart disease (CHD) has led to the requirement of surgery as the prime line of treatment. Apart from these, neurosurgery and spinal surgeries have predicted significant growth causing increase in R&D investment. Dentistry and ophthalmology are also foreseen to grow at a spectacular pace with high demand for cosmetic dentistry and cataract surgeries.

On the basis of type, the global surgical microscopes market can be classified into casters, ceiling mounted, wall mounted and tabletop. On the basis of geography, the global surgical microscope market is divided into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The key factors governing market growth are movability and better cleaning maintenance capability of these devices. Many market players including market leaders are providing the alternative of portability for all surgical microscopes.

The global surgical microscope market is anticipated to witness steady rise over the forecast period reaching a size of USD 1.5 billion by the end of the period; year 2026 growing at a CAGR of 10.5%.

However, the growth of the global surgical microscope market may be hampered by the high cost of equipments in developing countries.

Here are some more points to help explain the global surgical microscope market:

  • The rate of coronary heart disease is expected to increase by nearly 30% and prevalent coronary heart disease by 45%.
  • The surgical microscopes based on casters are likely to continue in the leading segment over the forecast period, due to their compactness and easy cleaning capabilities.
  • Hospital, as an end client, held the biggest market share in 2017.
  • Due to extensive practical applications of surgical microscopes and healthcare facilities, North America, European countries, clenches the global market for surgical microscopes. In 2018, North America believed to have profitable market shares of around 38.0%.
  • According to estimates, there will be high development in the Asia pacific market in the coming couple of years.
  • Developing countries in Latin America and Africa will drive the demand for surgical microscope owing to the increase in investment in healthcare and surgical services.
  • Among the end users the Outpatient conquered the global surgical microscope market in 2018.
  • The key players operating in this market include Leica Microsystems, Novartis AG Allition (Wuzhou) Danaher Corporation, Topcon Corporation, Carl Zeiss AG, Takagi Corporation and Seiler Precision Microscopes.

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