Surgical Microscopes Market Size, Share & Trends Analysis Report By Type (On Casters, Wall Mounted, Tabletop), By Application, By End Use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global surgical microscopes market size was valued at USD 1.2 billion in 2022 and is expected to grow at a CAGR of 11.35% from 2023 to 2030. An increasing number of surgical procedures, demand for more precision, and emerging technologies, such as wide-angle illumination, red reflex illumination, and augmented reality (AR) microscopy are expected to boost the market growth.  Surgical microscopes have become an essential tool for minimally invasive procedures in several fields, including neurosurgery, ophthalmic surgery, dental surgery, otorhinolaryngology, and cosmetic surgery. Technological advancements in the product have significantly improved vision, stability and sizing, positioning, and recording capabilities as well as helped in the integration of image-guided microscope systems for better outcomes. They offer 3D visualization, optimum lighting, and magnification of deep surgical fields through small approaches.

Apart from clinical benefits, surgeons physically benefit from these microscopes as they allow them to adjust their posture while performing long and complicated procedures. These advantages, coupled with the rapid adoption of microsurgery, are fueling the market growth.

Moreover, surgical microscopes have revolutionized the field of minimally invasive surgeries as they allow surgeons to perform surgeries with maximum precision on actual pathology by magnifying the surrounding anatomical structures, resulting in improved patient outcomes with a shorter duration of procedures and rapid recovery. In addition, limitations of open surgeries have been significantly eliminated by integrating the workflow in operating rooms.

COVID-19 surgical microscopes market impact: 10.33% increase from 2020 to 2021

The majority of surgeons are adopting minimally invasive surgeries in various surgical fields worldwide. Furthermore, people in emerging economies are willing to pay for premium quality services due to increasing disposable income, which is expected to boost demand for minimally invasive surgeries, which in turn is anticipated to drive market growth during the forecast period.

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

Type Insights

Based on type, the on-casters segment dominated the market with a revenue share of 79.73% in 2022 and is estimated to be the fastest-growing segment with CAGR of 11.45%. The market has been segmented into casters, wall-mounted, tabletop, and ceiling mounted. On-casters microscopes are floor-mounted devices that have retractable casters with single, double, or compound wheels.

Surgical microscopy on casters is used in the majority of surgical fields, including dental, ophthalmology, neurosurgery, cosmetics procedures, and ENT. Caster-mounted microscopes occupy less floor space and can be easily moved in any direction as per the convenience of surgeons. This is driving the demand for these devices, thereby supporting the segment growth.

The wall-mounted surgical microscopes segment held the second-largest market share followed by tabletop and ceiling-mounted microscopes. The wall-mounted microscopes are less frequently used owing to their limitations such as restricted flexibility and illumination & maintenance concerns.

However, such microscopes are preferred in examination or operating rooms with limited space. Moreover, the wall-mounted microscopes come with an in-built spring system, which can be tightened as per a person’s weight. Such factors are contributing to the demand for wall-mounted microscopes. Ceiling-mounted microscopes held the least market share.

Application Insights

The ophthalmology segment held the largest revenue share and accounted for the largest revenue share of 37.37% in 2022 owing to factors such as a rising patient pool, an increase in demand for devices to fulfill the surgical requirements, and an increase in the volume of cataract surgeries. Various ophthalmic surgeries performed require surgical microscopes.

The ENT surgery segment is anticipated to exhibit an exponential CAGR of 11.79%. Some of the major surgeries include laser eye surgery; glaucoma, corneal, & eye muscle surgeries; and oculoplastic surgeries. The complex anatomy of the eye and availability of a broad range of products, such as Leica M844 F40/F20 and Leica M822 F40/F20, for treating various ophthalmic conditions are certain positive factors for the segment growth.

The neurosurgery and spine surgery segment is anticipated to witness growth at a CAGR of 11.01% and 10.48% respectively during the forecast period. The overall segment held the second-largest share. Neurosurgery and spine surgery include surgeries related to the nervous system, including all the parts that are in the peripheral nerves, spinal cord, brain, and extra-cranial cerebrovascular system.

As surgical microscopes play a critical role in neurosurgeries with regard to better illumination and three-dimensional views, manufacturers are focusing on product innovation to increase treatment efficiency. For instance, in 2017, at the American Association of Neurological Surgeons (AANS) Annual Scientific Meeting, Leica Microsystem launched augmented reality imaging technologies for surgical microscopes to supplement surgical microscope views for neurological procedures.

End-use Insights

In terms of end-use, the hospital segment dominated the global market with a market share of 58.27% in 2022. The market has been bifurcated into sub-segments namely, hospital and physician clinics & other settings. The hospital's segment is the largest end-use segment of operational microscopes owing to the higher number of patient admissions & surgeries performed in hospitals and greater financing capabilities.

Furthermore, hospitals have funding to purchase the most advanced surgical equipment to improve and streamline the workflow in operating rooms. For instance, in July 2019, Mater Private Hospital Brisbane installed the city’s first 3D robotic surgical microscope in the neurosurgery operating theaters.

The physician clinics and other settings segment are expected to register the fastest compound annual growth rate (CAGR) of 12.39% from 2023 to 2030. The availability of smaller operational microscopes and the rapidly growing field of dentistry are among the major factors contributing to the growth of this segment.

Over the past several years, healthcare delivery has shifted from inpatient hospital settings to various community-based and ambulatory settings. Owing to the increasing demand for shorter hospital stays and faster recovery, a higher number of patients are preferring ambulatory surgery centers.

Regional Insights

North America dominated the global market with a market share of 39.41% in 2022. The high share is attributed to the presence of a supportive reimbursement framework for medical treatments and sophisticated healthcare facilities that are equipped with highly advanced tools and skilled neurosurgeons & cosmetic surgeons.

Moreover, the prevalence of ophthalmic and neurologic disorders in this region is substantially higher, which is facilitating the regional market growth. Companies in the region are launching innovative products, which is also expected to augment the market growth in North America. For instance, in April 2019, Med X Change launched 4Klear “Lite” camera-only version.

Asia Pacific is anticipated to register the fastest compound annual growth rate (CAGR) of 12.26% from 2023 to 2030. Rising cases of ophthalmic disorders, growing medical tourism, and an increasing number of surgeries performed in inpatient and outpatient settings are among the major factors driving the market in the region. In addition, favorable government policies to improve the healthcare system and rapid economic development in many countries of the region are anticipated to boost the market growth during the forecast period.

Key Companies & Market Share Insights

New product launches, collaboration with hospitals and surgical centers for product installation, and mergers and acquisitions for product portfolio expansion are some of the strategies being adopted by key players in the market. For instance, in March 2020, Carl Zeiss acquired Saxonia Systems AG, a customized software solution provider. The acquired company now operates as Carl Zeiss Digital Innovation, offering customized software solutions to the customers. Some of the prominent players in the global surgical microscopes market include:

• Carl Zeiss Meditec AG

• Leica Microsystems

• Olympus Corp.

• Hagg-Streit Surgical GmbH

• Synaptive Medical

• Alcon, Inc.

• Topcon Corp.

• Takagi Seiko Co., Ltd.

• ARI Medical Technology Co., Ltd.

• Chammed Co., Ltd.

• Seiler Instrument, Inc.

Recent Developments

• In June 2023, Olympus Corporation established a range of digital excellence centres (DRCs) followed by the acquisition of Odin Vision. This resulted in the development of AI-based diagnosis, and treatment for chronic diseases with the use of surgical microscopes for improving medical specialities like endoscopy

• In December 2022, Leica Microsystems partnered with Applied Scientific Instrumentation (ASI) to commercialize customized surgical microscopes for advanced users

• In October 2022, Synaptive Medical Inc. collaborated with Panaxium SAS to produce real-time, high resolution, and AI-based cortical mapping for neurosurgeons. This development included advanced AI and imaging technology for the use of surgical microscopes in neurosurgery

• In May 2022, Takagi Seiko Co. Ltd announced the launch of a Flat Base OM 6, and a 2ZL BG Slit Lamp Microscope. Both these are beneficial for recording surgical images, and in the conduction of ophthalmic surgeries

• In April 2022, Carl Zeiss Meditec AG declared its acquisition of two surgical instrument manufacturers- Katalyst Surgical LLC, and Kogent Surgical LLC. The purpose was to expand its position as a solution provider of surgical microscopes in the medical technology sector

• In January 2022, Alcon Inc. acquired Ivantis Inc. for expanding its portfolio pertaining to surgical technology in the field of ophthalmology for the treatment of glaucoma

Surgical Microscopes Market Report Scope

Global Surgical Microscopes Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For  this study, Grand View Research has segmented the global surgical microscopes market report based on  type, application, end use, and region:

• Type Outlook (Revenue, USD Million, 2017 - 2030)

  • On Casters

  • Wall Mounted

  • Tabletop

  • Ceiling Mounted

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Neurosurgery and Spine Surgery

  • ENT Surgery

  • Dentistry

  • Gynecology

  • Urology

  • Ophthalmology

  • Plastic & Reconstructive Surgeries

  • Other Surgeries

• End Use Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospital

  • Physician Clinics and Other Settings

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE