The global surgical microscopes market size was estimated at USD 542.1 million in 2016. Increasing prevalence of chronic diseases such as cancer and cardiovascular disorders, which need surgical intervention, is anticipated to boost demand for surgical microscopes over the forecast period.
Prevalence of neurological, gynecological, ophthalmic, and dental disorders, in addition to diseases like cancer, is increasing year-on-year. For instance, as per statistics published by the World Health Organization (WHO), approximately 8.2 million die from cancer each year, which accounts for 13.0% deaths worldwide. The treatment of these disorders requires surgical intervention and microsurgery at certain times, increasing the demand for surgical microscopes.
Introduction of imaginative degrees of progress on the grounds of precision, transportability, and cost-ampleness is required to serve this market as a driver in the midst of gauge time allotment. Mechanical advancements, for instance, red reflex edification development and wide edge structure, are significant cases identifying with mechanical movements.
Demand for minimally invasive procedures/surgeries (MIS) is on a rise. These procedures result in lesser trauma for patients and quicker recovery compared to invasive procedures. Increase in volume of these procedures is anticipated to follow the same trend and increase exponentially. Surgical microscopes are key elements in microsurgeries set-up, as they help in better visualization.
Rapid expansion of healthcare settings, especially in developing regions, is boosting market growth. For instance, in 2014, the Saudi Arabian government allocated USD 28 billion to the health and development sectors. This grant is expected to fund 17 new hospitals and expansion of 137 hospitals and primary health centers.
The market, based on type, is divided into on casters, wall mounted, tabletop, and ceiling mounted. The on casters segment held a significant share in 2016 and is anticipated to grow at a lucrative rate over the forecast period. Portability and better cleaning maintenance capability of these devices are some of the key factors driving their growth.
On casters microscopes are devices mounted on single, double, or compound wheels. Mounting on wheels provides users an option of portability, greater flexibility, and easy cleaning capabilities. Many players, including market leaders such as Zeiss and Leica Microsystems, are providing the option of portability for all surgical microscopes.
Key application segments in the surgical microscopes market include ENT surgery, dentistry, oncology, gynecology, urology, ophthalmology, plastic and reconstructive surgery, neurosurgeries, and spine surgeries. Oncology dominated the market with a 27.1% share in 2016. Rising prevalence and complexity of chronic conditions facilitates the use of advanced techniques, including surgical microscopes.
Even though the average cancer prevalence is rather high in U.S., the cases of cancer in China sum up to be more owing to the size of its population. This gives an opportunity for market players to invest in the APAC region.
The oncology segment is followed by the neurology and spinal surgeries segment, which is expected to exhibit a lucrative CAGR of 13.6% during the forecast period. The dentistry and ophthalmology segments are also anticipated to showcase steady growth with rising demand for cosmetic dentistry and increasing cataract surgeries.
The market, by end use, is segmented into hospitals, physician’s/dentist’s clinic, and other outpatient settings. Hospitals form the largest end-use segment of microscopes. Rising volume of surgeries, supportive government financing capabilities, higher volume of patients, and greater financing opportunities are some of the high impact rendering drivers for this segment.
The physician’s/dentist’s independent clinic segment is expanding at a significant CAGR of 12.4% over the forecast period. Availability of smaller microscopes and a booming dentistry industry is anticipated to drive this segment.
Geographically, this industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominated the industry with around 39.2% share in 2016. Sophisticated healthcare facilities in the region as well as availability of reimbursement facilities over medical treatments have facilitated greater usage of this equipment. Moreover, prevalence of chronic disorders in this region is substantially higher than the global average; thus, contributing to the growth of the North America market.
Asia Pacific is anticipated to witness the fastest growth over the forecast period. Supportive government policies to improve healthcare system, along with ongoing economic developments, are anticipated to be the governing factors for growth.
Due to the oligopolistic nature of the market, few top players dominate the vendor landscape. Companies are focused on development of technologically advanced products with greater accuracy and efficiency. Discounts and affordable service contracts are some of the key market penetration strategies. Dominance of a handful of market players with few new entrants keeps industry rivalry at a moderate level.
Some of the key companies present in the industry are Seiler Precision Microscopes; Alcon Laboratories; Alltion (Wuzhou) Co. Ltd.; Carl Zeiss; Leica Microsystems; Takagi Seiko Co Ltd.; and Topcon Corporation Inc.
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Attribute |
Details |
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Base year for estimation |
2016 |
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Actual estimates/Historical data |
2012 - 2015 |
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Forecast period |
2017 - 2025 |
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Market representation |
Revenue in USD Million & CAGR from 2017 to 2025 |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, MEA |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
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Country scope |
U.S., Canada, U.K., Germany, Japan, China, Brazil, Mexico, South Africa, Saudi Arabia |
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15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments from 2012 to 2025. For the purpose of this study, Grand View Research has segmented the global surgical microscopes market report on the basis of type, end use, application, and region:
Type Outlook (Revenue, USD Million, 2012 - 2025)
On Casters
Wall Mounted
Table Top
Ceiling Mounted
Application Outlook (Revenue, USD Million, 2012 - 2025)
Neurosurgery and Spine Surgery
ENT Surgery
Dentistry
Oncology
Gynecology
Urology
Ophthalmology
Plastic & Reconstructive Surgeries
Other Surgeries
End-use Outlook (Revenue, USD Million, 2012 - 2025)
Hospitals
Physician’s/Dentists Clinic
Other Outpatient Settings
Regional Outlook (Revenue, USD Million, 2012 - 2025)
North America
U.S.
Canada
Europe
Germany
U.K.
Asia Pacific
China
Japan
Middle East & Africa
South Africa
Saudi Arabia
Latin America
Mexico
Brazil
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