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According to Vision Research Reports, the global surgical microscopes market size was valued at US$ 625 Mn in 2020 and to surpass around US$ 5.5 bn by 2030 with a CAGR of 20.5% during the forecast period 2020 to 2030.

Increase in the burden of chronic diseases, and growing demand for sophisticated easy-to-maneuver and accurate surgical intervention systems are propelling the adoption of surgical microscopes.

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An operating or surgical microscope is an optical instrument that provides the surgeon with a stereoscopic, high quality magnified, and illuminated image of small structures in the surgical area. The operating microscope is a fixture of modern surgical facilities, and it is critically important for the success of several complex surgical interventions that are used today. First used in neurosurgical procedures, surgical microscopes are now heavily utilized in the surgical practices of ophthalmology, otolaryngology, plastic and reconstructive medicine, dentistry, gynecology, oncology, urology, etc. The purpose of a surgical microscope is to improve the surgeon’s view and also improve the usual components of microscopy, magnification, resolution, and illumination. Modern surgical microscopes can be placed on a stand, table or even worn by the surgeon. These microscopes can also be mounted on the ceiling or a wall to conserve floor space in the surgical suite.

A Key Driver

• Chronic diseases are long-lasting conditions that usually can be controlled but not cured. According to the National Health Council, in the U.S., by 2020, the number of individuals with chronic diseases is projected to grow to an estimated 157 million, with 81 million suffering from multiple conditions.
• Rise in the geriatric population is another key driver of the global surgical microscopes market, as it constitutes the major share of the patient population suffering from chronic diseases. According to the National Council on Aging, approximately 80% of the elderly population has at least one chronic disease, and 77% has at least two. Four chronic diseases—heart disease, cancer, stroke, and diabetes, lead to almost two-thirds of all deaths each year.
• According a study published by NCBI (National Center for Biotechnology Information), titled ‘Prevalence and correlates of chronic diseases in an elderly population: A community-based survey in Haikou’, with an increase in the geriatric population and rise in life expectancy, the leading cause of death may change from infections to chronic non-communicable diseases. It has been reported that, major chronic illnesses that burden the elderly population in high-income countries are hypertension, high cholesterol, arthritis, diabetes, heart disease, cancer, and dementia.
• Increase in the prevalence of chronic disorders, along with a rise in the geriatric population, is likely to propel the global surgical microscopes market during the forecast period.

High Cost of Surgical Microscopes Hamper Global Surgical Microscopes Market

• Surgical microscopes are expensive, delicate instruments that require extreme care and precaution in handling and cleaning. All lenses and cords must be carefully inspected before and after every use.
• According to a study titled ‘An Overview on Periodontal Microsurgery’, the operating microscope offers flexibility and comfort, superior to magnifying loupes. However, it is much more expensive and difficult to use, at least initially.

Surge of Surgical Microscopes Market to Remain Fostered by Technological Advancements

The study finds that, market players have a huge appetite for innovation, with stability, portability, and visibility being the focal points. Besides the MVPs of surgical microscopes, efforts are being expended to offer value-added products with features such as augmented microscopy, red reflex stability, and a wide-angle view.

A key market player, Coburn Technologies, introduced the HOM-700 that possesses 3D observation and a halogen-illumination system, to offer a better resolution to surgeons. Another player – Haag-Streit Surgical GmbH – announced the launch of Allegra, which has been developed using the red reflex technique, to provide stereoscopic observation during a surgical procedure.

Also, a novel trend of custom-development of microscopy solutions is being well-received by surgeons, which stresses on catering to their specific requirements. An introduction of fluorescence image guided surgery, also known as FIGS, which uses non-toxic contrast agents, has been enabling surgeons to precisely differentiate cancerous and non-cancerous tissues. With ease to conduct surgeries being central, revenue influx will remain powered by hospitals, ambulatory surgical centers (ASCs), and specialty clinics, during the forecast period.

High Investments from Hospitals & Ambulatory Surgical Clinics

According to the VRR study, in 2019, hospitals and ambulatory surgical clinics (ASCs) are projected to account for ~78 percent of the total investments made in the surgical microscopes market. A high number of individuals opting for surgeries over drugs to eliminate the disease from the very cause is likely to turn more patients toward hospitals and ASCs. Also, supportive government initiatives to improve healthcare quality, coupled with favorable reimbursement options, are high impact drivers leading to the adoption of surgical microscopes in these healthcare centers.

Being home to sophisticated healthcare facilities and high use of technology to offer surgical convenience to surgeons, North America is the key surgical microscopes market. The high popularity of surgical microscopes in the region can also be attributable to the concentration of market majors who constantly strive to innovate with new product launches. However, the exponential growth of the surgical microscopes market is witnessed in Asia Pacific, on account of the high returns potential of the region, which attracts investments from leading players operating in developed countries for business expansion.

In terms of product, the on casters segment held a major share of the global surgical microscopes market in 2020. It is likely to maintain its dominance during the forecast period, owing to their increased penetration in the market, and also because they provide ease of operation and maneuverability.

Based on application, the oncology segment is estimated to account for a major share of the global surgical microscopes market. This segment is anticipated to expand at a rapid pace during the forecast period. According to the National Cancer Institute, in 2016, there were an estimated 15,338,988 people living with cancer in the U.S.

In terms of end user, the hospitals & ambulatory surgical centers segment is anticipated to dominate the global surgical microscopes market during the forecast period, due to an increase inpatient admissions in hospitals and ambulatory surgical centers. Surgical microscopes are used in various surgeries such as ENT surgeries, neurosurgery, dental surgeries, etc. Surgical microscopes, along with technological advancements, provide surgeons with better insights, enabling appropriate decision-making regarding the treatment procedure. However, the high cost of procurement of surgical microscopes and lack of skilled professionals are factors that are expected to hamper the growth of the surgical microscopes market during the forecast period.

Prominent Regions

North America holds a major share of the global surgical microscopes market. The market in the region is estimated to expand at a rapid CAGR during the forecast period. It is primarily driven by factors such as highly structured healthcare industry and availability of well-defined reimbursement policies from private and public health insurance firms. In addition, the adoption of new technologies related to surgical microscopes, along with high awareness among people about diseases and related cure & technologies, and a large number of players in the North American region focusing on R&D activities to introduce technologically-advanced surgical microscopes with improved design are driving the surgical microscopes market in the region. The surgical microscopes market in Asia Pacific is estimated to witness significant growth. Asia Pacific is a relatively untapped market as compared to developed regions. Hence, the region offers immense growth opportunities to market players. Factors such as high prevalence of chronic diseases, rise in geriatric population resulting in increased number of surgeries, surge in patient population, and growth of the healthcare industry in the region are factors fueling the expansion of the surgical microscopes market in the region.

Europe held the second-largest market share in 2020. Well-developed healthcare infrastructure and increase in the number of surgical procedures are driving the surgical microscopes market in the region. This markets in the Middle East & Africa and Latin America are projected to witness moderate growth in the near future.

Key Players

Key players are expanding their footprint to strengthen their position in the global surgical microscopes market. Emerging economies, due to an increase in the number of patient population and surgical procedures, offer lucrative opportunities to key players to increase their market share. Manufacturers are engaging in new product development, collaborations, acquisitions, and distribution agreements. For instance, In March 2018, The Metall Zug Group completed 70% acquisition of HAAG-STREIT GROUP, headquartered in Köniz, Switzerland. Haag-Streit Holding AG develops, produces, and distributes high-quality products and services for diagnosis and surgery, mainly in the fields of ophthalmology and surgical microscopy. Following this acquisition on February 28, 2018, Haag-Streit Holding AG formed the fourth Business Unit Medical Devices of the Metall Zug Group.

Prominent players operating in the global surgical microscopes market are ZEISS International, Leica Microsystems (Subsidiary of Danaher), HAAG-STREIT GROUP (Metall Zug Group), TOPCON CORPORATION, Alcon, Takagi Ophthalmic Instruments Europe Ltd., Ecleris, Optomic, Seiler Instrument Inc., and ATMOS MedizinTechnik GmbH & Co. KG.

Market Segmentation

Surgical Microscopes Market by Product

• On Casters
• Wall & Ceiling Mounted

Surgical Microscopes Market by Application

• ENT Surgeries
• Dentistry
• Oncology
• Neurosurgery
• Ophthalmology
• Plastic & Reconstructive Surgeries
• Other Surgeries

Surgical Microscopes Market by End User

• Hospitals & Ambulatory Surgical Centers
• Specialty Clinics

Surgical Microscopes Market by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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