Advanced surgical microscopes offers operator a controllable options for illumination and visualization, which is required in micro-incisional techniques. Surgical microscopes are used in performing various surgeries such as ophthalmic surgeries, endodontic surgeries, neurosurgeries, oncology surgeries, and urology surgeries, ENT surgery, and others. For instance, there are ENT surgery microscopes available in the market, which are specifically designed for precision, flexibility, and ease of use. These microscopes are used for performing tympanoplasty, mastoidectomy, transoral laser surgeryand other ENT procedures. Thus, increasing adoption of these surgical microscopes in such surgeries is expected to drive growth of the market over the forecast period.
The global surgical microscopes market was valued at US$ 777.8 million in 2018, and is expected to exhibit a CAGR of 9.4% over the forecast period (2019-2027).
Figure 1. Global Surgical Microscopes Market Value (US$ Mn), by Region, 2018
Source: Coherent Market Insights Analysis (2019)
Rising adoption of surgical microscopes for performing various surgeries are expected to boost growth of the surgical microscopes market
There are different types of surgical microscopes used for performing various surgeries such as dental surgeries, ophthalmic surgeries, and other minimally invasive surgeries. For instance, dentistry microscopes help in improving the quality of examination and treatment in dentistry. Dentistry microscopes have application in restorative dentistry, endodontics, and dental implants. Thus, increasing number of dental disorders along with technological innovations are expected to drive growth of the segment over the forecast period. For instance, in 2018, according to the World Dental Federation reports, around 3.9 billion individuals globally suffered from oral diseases, and nearly 15% to 20% cases of periodontal (gum) disease were reported. Therefore, increasing demand for high precision procedures is expected to drive growth of the segment over the forecast period.
Increasing adoption of strategic acquisitions by major players operating in the surgical microscopes to expand their product portfolios is expected to drive the market growth over the forecast period. For instance, in March 2019, a U.S.-based medical device development company, Alcon, acquired PowerVision, Inc. The acquisition is expected to help Alcon increase its product portfolio of intraocular lenses (AT-IOLS) and surgical microscopes.
Surgical Microscopes Market – Restraint
High cost of surgical microscopes and heavy custom and excise duty levied by regional governments are expected to hinder growth of the surgical microscopes market over the forecast period. The average price of surgical microscopes ranges from US$ 14,000 to US$ 400,000 depending on the type of surgical microscope. Therefore, high cost of surgical microscope is expected to hinder growth of the market in emerging economies due to low healthcare expenditure, as compared to developed economies.
Figure 2. Global Surgical Microscopes Market Share (%), by Configuration, 2019 and 2027
Source: Coherent Market Insights Analysis (2019)
Surgical Microscopes Market - Regional Analysis
North America surgical microscopes market is expected to account for the largest market share over the forecast period, owing to, increasing product launches and product approvals in North America. For instance, in April 2015, HAAG-STREIT SURGICAL received the 510(k) clearance from the U.S. Food and Drug Administration (FDA) for its intraoperative-OCT system. This approval has allowed the company to market its intraoperative-OCT systems in the global medical devices market.
Moreover, increasing demand for high precision surgeries for treatment of chronic diseases, and increasing number of strategic partnerships are expected to drive growth of the surgical microscopes market in Europe over the forecast period. For instance, in April 2019, John Weiss & Son, a distributor and manufacturer of gold-standard ophthalmic micro-surgical instruments and procedures, entered into a partnership agreement with Haag-Streit Surgical to become a sole distributor of surgical microscopes in the U.K.
Major players operating in the global surgical microscopes market include Carl Zeiss Meditec AG, Leica Microsystems, Takagi Seiko Co., Ltd., Topcon Corporation, Alcon, Alltion (Wuzhou) Co., Ltd., HAAG-STREIT SURGICAL, Seiler Precision Microscopes, ARI Medical Equipment Co., Ltd., and CHAMMED
A surgical microscope is an electrically or mechanically operated optical microscope designed for use in surgical settings for performing microsurgeries. The combination of lenses provide stereoscopic vision, magnification ranging from 4x–40x, and illuminated image of the surgical area. There are different types of surgical microscope such as wall mounted, table top, ceiling mounted, and on casters are available in the market. Surgical microscopes offer higher degree precision for performing microsurgery as compared to other surgical devices. A surgical microscope is used in surgical settings for performing microsurgeries in the fields of dentistry, gynecology, ophthalmology, urology, neurosurgery, spine surgery, oncology, reconstructive surgery, and others.
Major advantages of minimal invasive surgeries include reduced overall healthcare cost, reduced recovery time, and lesser chances of hospital acquired infections. Thus, increasing demand for high precision minimally invasive surgeries due to increasing patient population suffering from chronic diseases such as cancer, CVD (cardiovascular disease), and others are expected to propel growth of the market during the forecast period. For instance, according to World Health Organization reports, the global cancer burden was around 18.1 million new cases, and 9.6 million deaths in 2018.
New product launches and technological advancements such as integrated video technology for recording procedures, high-speed autofocus, and high resolution images, are expected to boost the market growth over the forecast period. For instance, in April, 2017, Leica Microsystems launched a new generation of augmented reality imaging technologies for surgical microscopes. The new system offers augmented reality technology to assist surgeons during neurosurgery.
Furthermore, increasing number of dental disorders along with technological innovations are expected to drive growth of the market growth over the forecast period. For instance, in 2018, according to the World Dental Federation reports, around 3.9 billion individuals worldwide suffered from oral diseases, and around 15% to 20% cases of periodontal (gum) disease were reported.
Key features of the study:
“*” marked represents similar segmentation in other categories in the respective section.