GVR Report cover EMEA Surgical Microscopes Market Size, Share & Trends Report

EMEA Surgical Microscopes Market Size, Share & Trends Analysis Report By Type (On Casters, Wall Mounted), By Application (Ophthalmology, ENT Surgery), By End-use, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Nov, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68038-399-7
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 80

Report Overview

The EMEA surgical microscopes market size was valued at USD 274.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.5% from 2021 to 2028. Complex minimally invasive neurosurgeries and ENT procedures necessitate greater precision on the part of surgeons performing the procedures. With the introduction of surgical microscopes, surgeons can perform such procedures more accurately and in less time. Furthermore, the introduction of technologically advanced products is driving the product demand as they are more precise, have better illumination sources, and offer customization & technology integration options based on the complexity of the procedures. International players, such as Leica Microsystems and Carl Zeiss Meditec AG, are making a difference in the market by offering automated, highly advanced, and robotic devices with greater precision.

Europe surgical microscopes market size, by type, 2018 - 2028 (USD Million)

Surgical microscopes used in surgeries can curtail bleeding during surgery (up to 88.7 % less blood loss), reduce pain for patients after the surgery, restrict infection risk & complication rate, and enhance recovery time. This enables surgeons to perform minimally invasive surgeries with remarkable precision, focused on the ailing area while decreasing bleeding, tissue scar, and muscle damage. Surgical microscopes have become necessary equipment for minimally invasive surgical procedures in a variety of fields, including neurosurgery, dental surgery, ophthalmic surgery, otorhinolaryngology, and cosmetic surgery.

Continuous product innovations have resulted in considerable upgradation of surgical microscopes. Integral features of an operating microscope, such as illumination, magnification, optics, and video recording, have significantly improved since it was first used in surgery. Operating microscopes have become more sophisticated, and manufacturers offer a wide range of controllable options that provide efficient visualization & illumination required for micro incisional surgical techniques. Moreover, technological advancements have enabled seamless integration of other operating tools with surgical microscopes. For instance, in March 2020, Haag-Streit Surgical launched Optovue SOLIX FullRange OCT in the U.K. for improved diagnostics experience.

COVID-19 EMEA surgical microscopes market impact: 2% decline from 2019 to 2020

Pandemic Impact

Post COVID Outlook

During the COVID-19 pandemic, a downfall in surgical procedures was recorded in all countries, as respective governments recommended hospitals and surgery centers to postpone or cancel elective procedures. Only critical or emergency conditions were allowed to be treated surgically

A gradual increase in product demand might be witnessed as healthcare providers are resuming elective surgeries

Companies, such as Alcon and Topcon Corp., reported a decrease in their revenue for the year 2020 due to the impact of the COVID-19 pandemic, which affected the supply chain of most of the companies

Increasing demand for microscopic surgical procedures in outpatient settings in the MEA region is expected to drive market growth in the coming years

 

Improvements in healthcare infrastructure and the adoption of technologically advanced devices in developing countries of the MEA region have significantly improved patient outcomes. Furthermore, owing to the rising disposal income, individuals are opting for expensive medical procedures, such as minimally invasive surgeries,which require the use of surgical microscopes as they offer better resolution and magnification. The aforementioned factors are leading to the increased demand for advanced medical equipment, such as surgical microscopes, driving market growth.

Type Insights

On the basis of type, the market is segmented into on-casters, wall-mounted, tabletop, and ceiling-mounted microscopes. The on-casters type segment held the largest revenue share of more than 79% in 2020. The segment is projected to expand further at the fastest CAGR during the forecast period in Europe. However, in MEA on-casters and wall-mounted microscopes, both are expected to witness significant growth rates. Portability, improved ergonomics of such microscopes, and better cleaning & maintenance capabilities are key factors boosting the demand for these devices, thereby supporting the segment growth.

Various advantages of on-caster surgical microscopes, such as repositioning functionality and effective maneuvering that requires minimal effort, aid in reducing the duration of the operation. Hence, they have applications in various surgical fields including dental, ophthalmology, neurosurgery, cosmetics procedures, and ENT leading to high product demand.

Application Insights

Based on application, the market is categorized into ophthalmology, neurosurgery &spinal surgery, ENT surgery, plastic & reconstructive surgeries, gynecology, urology, dentistry, and other surgeries. The ophthalmic surgery application segment dominated the market accounting for a revenue share of more than 37% in 2020. This growth was credited to the increasing prevalence of eye disorders, technological advancements, rise in government initiatives, and high volume of cataract surgeries.

Many cataract surgeries were performed in developing nations, such as South Africa, which can be attributed to favorable initiatives in the country. In 2020, around 290,000 South Africans were at risk of becoming blind because of untreated cataracts. Owing to the high demand, manufacturers are making available a wide range of products for treating various ophthalmic conditions. However, the ENT surgery segment is expected to grow at the fastest CAGR during the forecast period.

End-use Insights

On the basis of end use, the market is segmented into hospitals and physician clinics & other settings. The hospitals segment accounted for the largest revenue share of more than 60% in 2020 owing to a large volume of surgeries performed in hospitals and a higher number of patient admissions & greater financing capabilities. Surgical microscopes are a profitable investment due to the high number of multispecialty surgeries being performed in hospitals. Furthermore, hospitals have funding to purchase the most advanced surgical equipment to improve and streamline their workflow in operating rooms. However, the physician clinics and other settings segment is expected to grow at the fastest CAGR during the forecast period.

Regional Insights

Europe accounted for the largest revenue share of more than 89% in 2020. The presence of sophisticated healthcare facilities, availability of highly advanced equipment & skilled neuro & cosmetic surgeons, increase in the number of surgical facilities, and rise in the preference for outpatient settings for microsurgical procedures are among the factors driving the market growth in Europe. Moreover, the prevalence of ophthalmic and neurologic disorders in this region is substantially higher, which facilitates greater usage of surgical microscopes.

EMEA surgical microscopes market share, by region, 2020 (%)

The market in Middle East & Africa is anticipated to grow at a steady CAGR during the forecast period. Rising incidence of eye & otorhinolaryngology diseases, growing demand for cosmetic & dental procedures, and increasing healthcare expenditure are among the major factors driving the market growth in the region. South Africa dominated the overall MEA market in 2020 owing to the high awareness about advanced surgical treatments available for ophthalmic, ENT, and dental conditions.

Key Companies & Market Share Insights

The market is consolidated with the presence of a few established players. Product launches and research initiatives for expansion of product portfolios are the key strategic undertakings of key companies to increase their market share. For instance, in March 2021, Olympus Corp. introduced EASYSUITE, its next-generation operating room integration solution, in the EMEA. With the launch of EASYSUITE, the company aimed to push digitalization in surgical procedures and consolidate its position as a pioneer in the EMEA region.Major players, such as Carl Zeiss Meditec AG, Leica Microsystems, and Haag-Streit Surgical GmbH, have headquarters in the region with their products available for direct sales and through strong distribution channels. Some of the prominent players in the EMEA surgical microscopes market include:

  • Carl Zeiss Meditec AG

  • Olympus Corp.

  • Leica Microsystems

  • Alcon, Inc.

  • Takagi Seiko Co., Ltd.

  • Topcon Corp.

  • Haag-Streit Surgical Gmbh

  • ARI Medical Technology Co., Ltd.

  • Synaptive Medical

  • Chammed Co, Ltd.

  • Atmos Medizintechnik GmbH & Company KG

  • Intamed

  • Al Amin Medical Instruments Co. Ltd.

EMEA Surgical Microscopes Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 301.4 million

Revenue forecast in 2028

USD 612.7 million

Growth rate

CAGR of 10.5% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, application, end use, region

Regional scope

Europe; Middle East & Africa

Country scope

U.K.; Germany; France; Italy; Spain; South Africa; Saudi Arabia

Key companies profiled

Carl Zeiss Meditec AG; Olympus Corporation; Leica Microsystems; Alcon, Inc.; Takagi Seiko Co., Ltd.; Topcon Corporation; Haag-Streit Surgical Gmbh; ARI Medical Technology Co., Ltd.; Synaptive Medical; Chammed Co, Ltd.; Atmos Medizintechnik GmbH & Company KG; Intamed; Al Amin Medical Instruments Co. Ltd.

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the EMEA surgical microscopes market report on the basis of type, application, end use, and region:

  • Type Outlook (Revenue, USD Million, 2016 - 2028)

    • On Casters

    • Wall Mounted

    • Tabletop

    • Ceiling Mounted

  • Application Outlook (Revenue, USD Million, 2016 - 2028)

    • Neurosurgery and Spine Surgery

    • ENT Surgery

    • Dentistry

    • Gynecology

    • Urology

    • Ophthalmology

    • Plastic & Reconstructive Surgeries

    • Other Surgeries

  • End-use Outlook (Revenue, USD Million, 2016 - 2028)

    • Hospital

    • Physician Clinics and Other Settings

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Middle East & Africa (MEA)

      • South Africa

      • Saudi Arabia

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