Surgical Microscopes Market Size, Share & Trends Analysis Report By Type (On Caster, Wall-Mounted), By Application (Oncology, Ophthalmology, Neurosurgery & Spine), By End-use, And Segment Forecasts, 2018 - 2025

Industry Insights

The global surgical microscopes market size was valued at USD 569.0 million in 2017 and is expected to expand at a CAGR of 11.5% over the forecast period. The rising prevalence of chronic conditions, such as cancer, where surgical intervention is one of the primary treatment lines is another factor that drives the growth.

As per the World Health Organization (WHO) statistics, cancer is responsible for around 13.0% deaths globally. This factor is anticipated to drive the demand for surgical microscopes as these instruments reduce the throughput time for patients and can be helpful in increasing the diagnostic efficacy. As a result, the global market is anticipated to witness steady rise over the forecast period.

Geriatric population is the key target demographic segment as they are highly prone to various chronic disorders and age-related deformities. As per the WHO statistics, by 2025, there would be a two-fold hike in geriatric population. This is expected to further drive the demand for surgical microscopes. The demand for microsurgeries or minimally invasive surgeries is rising exponentially. These devices play a critical role in such procedures in terms of better visualization of the target site, minimum trauma, and speedy recovery of a patient, thereby supporting the industry growth substantially.

Technological advancements on the grounds of visibility, stability, and portability are expected to act as key factors for the rise in demand. Innovation and inclusion of advanced features such as Red Reflex stability, wide angle view, and augmented microscopy is anticipated to play a vital role in driving adoption of surgical microscopes in the coming years.

Application Insights

The key application segments include ENT surgery, dentistry, oncology, gynecology, urology, ophthalmology, plastic and reconstructive surgery, neurosurgeries, and spine surgeries. Oncology held the dominant market share of around 27.0% in 2017. As mentioned, the rising prevalence and complexity of chronic conditions facilitated the use of advanced techniques including operating microscopes.

The oncology segment was followed by neurology and spinal surgeries, which is expected to expand at a lucrative CAGR of around 13.0% during the forecast period. Dentistry and ophthalmology segments are also anticipated to grow at a substantial pace with high demand for cosmetic dentistry and rising volume of cataract surgeries. 

Type Insights

On the basis of type, the surgical microscopes market is divided into on casters, wall mounted, tabletop, and ceiling mounted. The on casters microscope segment held a significant market share in 2017 and is anticipated to register a promising CAGR over the forecast period. Portability and better cleaning maintenance capability of these devices are the key factors governing their growth.

Microscopes on-casters refer to devices mounted on single, double, or compound wheels. Mounting on wheels provides users an option of portability, greater flexibility, and easy cleaning capabilities. Many market players including market leaders such as Zeiss and Leica Microsystems are providing the option of portability for all surgical microscopes.

End-use Insights

The end-user segment includes hospitals and physicians’ or dentists’ clinic. Hospital is the largest end-user segment for operating microscopes. Rising volume of surgeries and supportive government financing capabilities, higher volume of patients and surgeries, and greater financing capabilities are the high impact rendering drivers for this segment. However, physicians’ or dentists’ independent clinic is anticipated to expand at a significant CAGR of 11.50% over the forecast period. The availability of smaller operating microscopes and booming dentistry industry are anticipated to drive the demand.

Regional Insights

North America emerged dominant with around 39.0% market share in 2017. The sophisticated healthcare facilities in this region, as well as the presence of reimbursement facility over medical treatments, facilitated the greater usage of this equipment. Moreover, prevalence of chronic disorders in this region is substantially higher than the global average, thus contributing to regional market growth.

Asia Pacific is anticipated to witness the fastest growth over the forecast period. The supportive government policies to improve healthcare infrastructure along with economic developments are anticipated to be the governing factors for the regional market growth.

Surgical Microscopes Market Share Insights

The key players operating in this industry include Carl Zeiss, Leica Microsystems, Allition (Wuzhou), Takagi Corporation, Topcon, Alcon, HAAG-STREIT SURGICAL, and Seiler. Upgrading of products, new launches, technological innovation, and strategic collaboration such as mergers and acquisitions are the key initiatives undertaken by these players. For instance, in August 2014, Alcon acquired WaveTec Vision, developer of intraoperative guidance system for cataract. This initiative helped Alcon to strengthen its product portfolio in the ophthalmic surgical market. 

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country level and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global surgical microscopes market report on the basis of type, application, end use, and region:

• Type Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025)

  • On Casters

  • Wall Mounted

  • Table Top

  • Ceiling Mounted

• Application Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025)

  • Neurosurgery & Spine Surgery

  • ENT Surgery

  • Dentistry

  • Oncology

  • Gynecology

  • Urology

  • Ophthalmology

  • Plastic & reconstructive surgeries

  • Others

• End-use Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025)

  • Hospital

  • Physician’s/Dentists Clinic

  • Other Outpatients Setting

• Regional Outlook (Volume, Units; Revenue, USD Million, 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia