Published Year: 2021
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Table of Contents
1.1 Product Definition
1.1.1 Conventional Microscopes
1.1.2 Advanced Microscopes
1.2 Inclusion and Exclusion Criteria
1.3 Forecast Period Selection Criteria
2.1 Scope of Study
2.2 Market Segmentation
2.3 Key Questions Answered
3.1 Data Collection and Analysis
3.2 Data Sources
3.2.1 Primary Data Sources
3.2.2 Secondary Data Sources
3.3 Data Sources and Categorization
3.4 Market Estimation and Forecasting Methodology
4.1 Global Market Size and Forecast
4.2 Key Findings
4.3 Assumptions and Limitations
5.1 Regulatory Framework
5.1.1 North America
5.1.1.1 U.S.
5.1.1.2 Canada
5.1.2 Europe
5.1.3 Asia-Pacific
5.1.3.1 China
5.1.3.2 Japan
5.1.4 Latin America
5.1.4.1 Brazil
5.1.4.2 Mexico
5.2 Patent Filing Trends
5.3 Key Enabling Technologies (Innovation Outlook)
5.4 Impact of COVID-19 Pandemic
5.4.1 Scenario: Pre-COVID-19 Pandemic
5.4.2 Scenario: Post-COVID-19 Pandemic
6.1 Key Developments and Strategies
6.1.1 New Offerings and Upgradations
6.1.2 Collaborative Activities
6.1.3 Funding Activities
6.1.4 Regulatory Activities
6.2 Pricing Analysis
6.3 Value Chain Analysis
6.4 Product Benchmarking
6.5 Market Share Analysis
6.5.1 Global Surgical Microscopes Market (by Company)
6.5.2 Global Conventional Microscopes Market (by Company)
6.5.3 Global Advanced Microscopes Market (by Company)
6.6 Growth Share Analysis
6.6.1 Product Type
6.6.2 Application
6.6.3 End User
6.6.4 Region
7.1 Overview
7.2 Impact Analysis
7.3 Market Drivers
7.3.1 Increasing Use of Fluorescence Image-Guided Surgery (FIGS)
7.3.2 Rising Minimally Invasive Surgical Procedures on the Global Level
7.4 Market Restraints
7.4.1 Low Adoption Rate Due to High Cost of Surgical Microscopes
7.4.2 Lack of Skilled Professionals with Limited Technical Knowledge
7.5 Market Opportunities
7.5.1 3D Exoscopes ~ An Optical Innovation
7.6 Market Trends
7.6.1 Increasing Use of Multidisciplinary Surgical Microscopes
8.1 Overview
8.2 Opportunity Assessment
8.3 Market Size and Forecast
8.3.1 Conventional Microscopes
8.3.2 Advanced Microscopes
9.1 Overview
9.2 Opportunity Assessment
9.3 Market Size and Forecast
9.3.1 Otolaryngology (ENT)
9.3.2 Ophthalmology
9.3.3 Dental
9.3.4 Neurology
9.3.5 Gynecology
9.3.6 Spine
9.3.7 Plastic and Reconstructive
10.1 Overview
10.2 Opportunity Assessment
10.3 Market Size and Forecast
10.3.1 Hospitals
10.3.2 Physician Clinics and Other Settings
11.1 Overview
11.2 Opportunity Assessment
11.3 North America
11.3.1 Overview
11.3.2 Market Size and Forecast
11.3.2.1 Product Type
11.3.2.2 Application
11.3.2.3 End User
11.3.2.4 Country
11.3.2.4.1 U.S.
11.3.2.4.2 Canada
11.4 Europe
11.4.1 Overview
11.4.2 Market Size and Forecast
11.4.2.1 Product Type
11.4.2.2 Application
11.4.2.3 End User
11.4.2.4 Country
11.4.2.4.1 Germany
11.4.2.4.2 U.K.
11.4.2.4.3 France
11.4.2.4.4 Italy
11.4.2.4.5 Spain
11.4.2.4.6 Russia
11.4.2.4.7 Nordic Countries
11.4.2.4.8 Benelux Countries
11.4.2.4.9 Rest-of-Europe
11.5 Asia-Pacific
11.5.1 Overview
11.5.2 Market Size and Forecast
11.5.2.1 Product Type
11.5.2.2 Application
11.5.2.3 End User
11.5.2.4 Country
11.5.2.4.1 China
11.5.2.4.2 Japan
11.5.2.4.3 South Korea
11.5.2.4.4 India
11.5.2.4.5 Australia and New Zealand
11.5.2.4.6 Rest-of-Asia-Pacific
11.6 Latin America
11.6.1 Overview
11.6.2 Market Size and Forecast
11.6.2.1 Product Type
11.6.2.2 Application
11.6.2.3 End User
11.6.2.4 Country
11.6.2.4.1 Brazil
11.6.2.4.2 Mexico
11.6.2.4.3 Argentina
11.6.2.4.4 Rest-of-Latin America
11.7 Middle East and Africa
11.7.1 Overview
11.7.2 Market Size and Forecast
11.7.2.1 Product Type
11.7.2.2 Application
11.7.2.3 End User
11.7.2.4 Country
11.7.2.4.1 K.S.A
11.7.2.4.2 South Africa
11.7.2.4.3 U.A.E
11.7.2.4.4 Rest-of-Middle East and Africa
12.1 Overview
12.2 Competitor Snapshot
12.3 Alcon, Inc.
12.3.1 Company -Overview
12.3.2 Role of the Company in the Global Surgical Microscopes Market
12.3.3 Product Portfolio
12.3.4 Financials
12.3.5 SWOT Analysis
12.4 B. Braun Melsungen AG
12.4.1 Company Overview
12.4.2 Role of the Company in the Global Surgical Microscopes Market
12.4.3 Product Portfolio
12.4.4 Financials
12.4.5 SWOT Analysis
12.5 BHS Technologies GmbH
12.5.1 Company Overview
12.5.2 Role of the Company in the Global Surgical Microscopes Market
12.5.3 Product Portfolio
12.5.4 SWOT Analysis
12.6 Carl Zeiss Meditech AG
12.6.1 Company Overview
12.6.2 Role of the Company in the Global Surgical Microscopes Market
12.6.3 Product Portfolio
12.6.4 Financials
12.6.5 SWOT Analysis
12.7 Haag-Streit Holding AG (Metall Zug AG)
12.7.1 Company Overview
12.7.2 Role of the Company in the Global Surgical Microscopes Market
12.7.3 Product Portfolio
12.7.4 Financials
12.7.5 SWOT Analysis
12.8 Karl Storz SE & Co. KG
12.8.1 Company Overview
12.8.2 Role of the Company in the Global Surgical Microscopes Market
12.8.3 Product Portfolio
12.8.4 SWOT Analysis
12.9 Danaher Corporation (Leica Microsystems GmbH)
12.9.1 Company Overview
12.9.2 Role of the Company in the Global Surgical Microscopes Market
12.9.3 Product Portfolio
12.9.4 Financials
12.9.5 SWOT Analysis
12.10 Munich Surgical Imaging GmbH
12.10.1 Company Overview
12.10.2 Role of the Company in the Global Surgical Microscopes Market
12.10.3 Product Portfolio
12.10.4 SWOT Analysis
12.11 Olympus Corporation
12.11.1 Company Overview
12.11.2 Role of the Company in the Global Surgical Microscopes Market
12.11.3 Product Portfolio
12.11.4 Financials
12.11.5 SWOT Analysis
12.12 Synaptive Medical, Inc.
12.12.1 Company Overview
12.12.2 Role of the Company in the Global Surgical Microscopes Market
12.12.3 Product Portfolio
12.12.4 SWOT Analysis
12.13 Topcon Corporation
12.13.1 Company Overview
12.13.2 Role of the Company in the Global Surgical Microscopes Market
12.13.3 Product Portfolio
12.13.4 Financials
12.13.5 SWOT Analysis
Table 1: U.S. FDA Product Classification: Surgical Microscopes
Table 2: Medical Device Classification and Pre-Marketing Procedures in Japan
Table 3: Patent Filing Trends (by Country), January 2017-September 2021
Table 4: Average Selling Prices: Exoscopes
Table 5: Key Specifications of Exoscopes Offered by Key Players
Table 6: Product Benchmarking Analysis of Key Players
Table 7: Impact Analysis: Market Drivers
Table 8: Impact Analysis: Market Restraints
Table 9: North America Surgical Microscopes Market, (by Product Type), $Million, 2020-2031
Table 10: North America Surgical Microscopes Market, (by Application), $Million, 2020-2031
Table 11: North America Surgical Microscopes Market, (by End User), $Million, 2020-2031
Table 12: Europe Surgical Microscopes Market, (by Product Type), $Million, 2020-2031
Table 13: Europe Surgical Microscopes Market, (by Application), $Million, 2020-2031
Table 14: Europe Surgical Microscopes Market, (by End User), $Million, 2020-2031
Table 15: Asia-Pacific Surgical Microscopes Market, (by Product Type), $Million, 2020-2031
Table 16: Asia-Pacific Surgical Microscopes Market, (by Application), $Million, 2020-2031
Table 17: Asia-Pacific Surgical Microscopes Market, (by End User), $Million, 2020-2031
Table 18: Latin America Surgical Microscopes Market, (by Product Type), $Million, 2020-2031
Table 19: Latin America Surgical Microscopes Market, (by Application), $Million, 2020-2031
Table 20: Latin America Surgical Microscopes Market, (by End User), $Million, 2020-2031
Table 21: Middle East and Africa Surgical Microscopes Market, (by Product Type), $Million, 2020-2031
Table 22: Middle East and Africa Surgical Microscopes Market, (by Application), $Million, 2020-2031
Table 23: Middle East and Africa Surgical Microscopes Market, (by End User), $Million, 2020-2031
Table 24: Competitor Snapshot (Key Players)
Figure 1: Timeline: Development of Surgical Microscopes
Figure 2: Global Surgical Microscopes Market Potential, $Million, 2020, 2024, 2027, and 2031
Figure 3: Global Surgical Microscopes Market (by Product Type), $Million, 2020, 2024, 2027, and 2031
Figure 4: Global Surgical Microscopes Market (by Application), $Million, 2020, 2024, 2027, and 2031
Figure 5: Global Surgical Microscopes Market (by End User), $Million, 2020, 2024, 2027, and 2031
Figure 6: Global Surgical Microscopes Market (by Region), $Million, 2020, 2024, 2027, and 2031
Figure 7: Market Growth and Restraining Factors
Figure 8: Key Developments and Strategies, January 2017–September 2021
Figure 9: Key Developments and Strategies (by Year), January 2017–September 2021
Figure 10: Global Surgical Microscopes Market Segmentation
Figure 11: Global Surgical Microscopes Market: Research Methodology
Figure 12: Primary Research Methodology
Figure 13: Secondary Research
Figure 14: Global Surgical Microscopes Market, $Million, 2020-2031
Figure 15: Regulatory Process for Medical Devices in the U.S.
Figure 16: Regulatory Process for Medical Devices in Canada
Figure 17: MDR Transitional Provisions (EU)
Figure 18: Regulatory Process for Medical Devices in China
Figure 19: Pooled Analysis of Surgical Microscopes and Exoscopes from End-User’s Point-of-View
Figure 20: Minimally Invasive Surgeries, Pre-COVID-19 Scenario
Figure 21: Number of Elective Surgical Procedures Cancelled Due to COVID?19 Pandemic (by Region)
Figure 22: Share of Key Developments and Strategies, January 2017–September 2021
Figure 23: Share of Key Developments and Strategies (by Year), January 2017–September 2021
Figure 24: Share of Key Developments and Strategies (New Offerings and Upgradations), January 2017–September 2021
Figure 25: Share of Key Developments and Strategies (Collaborative Activities), January 2017–September 2021
Figure 26: Value Chain Analysis
Figure 27: Market Share Analysis (by Company), 2020
Figure 28: Conventional Microscopes: Market Share Analysis (by Company), 2020
Figure 29: Advanced Microscopes: Market Share Analysis (by Company), 2020
Figure 30: Growth Share Analysis (by Product Type), 2020-2031
Figure 31: Growth Share Analysis (by Application), 2020-2031
Figure 32: Growth Share Analysis (by End User), 2020-2031
Figure 33: Growth Share Analysis (by Region), 2020-2031
Figure 34: Market Dynamics
Figure 35: Opportunity Assessment (by Product Type), $Million, 2020, 2026, and 2031
Figure 36: Global Surgical Microscopes Market (Conventional Microscopes), $Million, 2020-2031
Figure 37: Advantages and Limitations of Advanced Microscopes (Exoscopes)
Figure 38: Global Surgical Microscopes Market (Advanced Microscopes), $Million, 2020-2031
Figure 39: Opportunity Assessment (by Application), $Million, 2020, 2026, and 2031
Figure 40: Global Surgical Microscopes Market (ENT), $Million, 2020-2031
Figure 41: Global Surgical Microscopes Market (Ophthalmology), $Million, 2020-2031
Figure 42: Global Surgical Microscopes Market (Dental), $Million, 2020-2031
Figure 43: Global Surgical Microscopes Market (Neurology), $Million, 2020-2031
Figure 44: Global Surgical Microscopes Market (Gynecology), $Million, 2020-2031
Figure 45: Global Surgical Microscopes Market (Spine), $Million, 2020-2031
Figure 46: Global Surgical Microscopes Market (Plastic and Reconstructive), $Million, 2020-2031
Figure 47: Opportunity Assessment (by End User), $Million, 2020, 2026, and 2031
Figure 48: Global Surgical Microscopes Market (Hospitals), $Million, 2020-2031
Figure 49: Global Surgical Microscopes Market (Physician Clinics and Other Settings), $Million, 2020-2031
Figure 50: Global Surgical Microscopes Market (by Region), 2020 and 2031
Figure 51: Opportunity Assessment (by Region), $Million, 2020, 2026, and 2031
Figure 52: North America Surgical Microscopes Market, $Million, 2020-2031
Figure 53: U.S. Surgical Microscopes Market, $Million, 2020-2031
Figure 54: Canada Surgical Microscopes Market, $Million, 2020-2031
Figure 55: Europe Surgical Microscopes Market, $Million, 2020-2031
Figure 56: Germany Surgical Microscopes Market, $Million, 2020-2031
Figure 57: U.K. Surgical Microscopes Market, $Million, 2020-2031
Figure 58: France Surgical Microscopes Market, $Million, 2020-2031
Figure 59: Italy Surgical Microscopes Market, $Million, 2020-2031
Figure 60: Spain Surgical Microscopes Market, $Million, 2020-2031
Figure 61: Russia Surgical Microscopes Market, $Million, 2020-2031
Figure 62: Nordic Countries Surgical Microscopes Market, $Million, 2020-2031
Figure 63: Benelux Countries Surgical Microscopes Market, $Million, 2020-2031
Figure 64: Rest-of-Europe Surgical Microscopes Market, $Million, 2020-2031
Figure 65: Asia-Pacific Surgical Microscopes Market, $Million, 2020-2031
Figure 66: China Surgical Microscopes Market, $Million, 2020-2031
Figure 67: Japan Surgical Microscopes Market, $Million, 2020-2031
Figure 68: South Korea Surgical Microscopes Market, $Million, 2020-2031
Figure 69: India Surgical Microscopes Market, $Million, 2020-2031
Figure 70: Australia and New Zealand Surgical Microscopes Market, $Million, 2020-2031
Figure 71: Rest-of-Asia-Pacific Surgical Microscopes Market, $Million, 2020-2031
Figure 72: Latin America Surgical Microscopes Market, $Million, 2020-2031
Figure 73: Brazil Surgical Microscopes Market, $Million, 2020-2031
Figure 74: Mexico Surgical Microscopes Market, $Million, 2020-2031
Figure 75: Argentina Surgical Microscopes Market, $Million, 2020-2031
Figure 76: Rest-of-Latin America Surgical Microscopes Market, $Million, 2020-2031
Figure 77: Middle East and Africa Surgical Microscopes Market, $Million, 2020-2031
Figure 78: K.S.A Surgical Microscopes Market, $Million, 2020-2031
Figure 79: South Africa Surgical Microscopes Market, $Million, 2020-2031
Figure 80: U.A.E Surgical Microscopes Market, $Million, 2020-2031
Figure 81: Rest-of-Middle East and Africa Surgical Microscopes Market, $Million, 2020-2031
Figure 82: Alcon, Inc.: Product Portfolio
Figure 83: Alcon, Inc.: Overall Financials, $Million, 2018-2020
Figure 84: Alcon, Inc.: Net Revenue (by Segment), $Million, 2018-2020
Figure 85: Alcon, Inc.: Net Revenue (by Region), $Million, 2018-2020
Figure 86: Alcon, Inc.: SWOT Analysis
Figure 87: B. Braun Melsungen AG: Product Portfolio
Figure 88: B. Braun Melsungen AG: Overall Financials, $Million, 2018-2020
Figure 89: B. Braun Melsungen AG: Net Revenue (by Segment), $Million, 2018-2020
Figure 90: B. Braun Melsungen AG: Net Revenue (by Region), $Million, 2018-2020
Figure 91: B. Braun Melsungen AG: SWOT Analysis
Figure 92: BHS Technologies GmbH: Product Portfolio
Figure 93: BHS Technologies GmbH: SWOT Analysis
Figure 94: Carl Zeiss Meditech AG: Product Portfolio
Figure 95: Carl Zeiss Meditech AG: Overall Financials, $Million, 2018-2020
Figure 96: Carl Zeiss Meditech AG: Net Revenue (by Segment), $Million, 2018-2020
Figure 97: Carl Zeiss Meditech AG: Net Revenue (by Region), $Million, 2018-2020
Figure 98: Carl Zeiss Meditech AG: SWOT Analysis
Figure 99: Metall Zug AG: Product Portfolio
Figure 100: Metall Zug AG: Overall Financials, $Million, 2018-2020
Figure 101: Metall Zug AG: Net Revenue (by Segment), $Million, 2018-2020
Figure 102: Metall Zug AG: Net Revenue (by Region), $Million, 2018-2020
Figure 103: Metall Zug AG: SWOT Analysis
Figure 104: Karl Storz SE & Co. KG: Product Portfolio
Figure 105: Karl Storz SE & Co. KG: SWOT Analysis
Figure 106: Danaher Corporation: Product Portfolio
Figure 107: Danaher Corporation: Overall Financials, $Million, 2018-2020
Figure 108: Danaher Corporation: Net Revenue (by Segment), $Million, 2018-2020
Figure 109: Danaher Corporation: Net Revenue (by Region), $Million, 2018-2020
Figure 110: Danaher Corporation: SWOT Analysis
Figure 111: Munich Surgical Imaging GmbH: Product Portfolio
Figure 112: Munich Surgical Imaging GmbH: SWOT Analysis
Figure 113: Olympus Corporation: Product Portfolio
Figure 114: Olympus Corporation: Overall Financials, $Million, 2019-2021
Figure 115: Olympus Corporation: Net Revenue (by Segment), $Million, 2019-2021
Figure 116: Olympus Corporation: Net Revenue (by Region), $Million, 2019-2021
Figure 117: Olympus Corporation: SWOT Analysis
Figure 118: Synaptive Medical, Inc.: Product Portfolio
Figure 119: Synaptive Medical, Inc.: SWOT Analysis
Figure 120: Topcon Corporation: Product Portfolio
Figure 121: Topcon Corporation: Overall Financials, $Million, 2019-2021
Figure 122: Topcon Corporation: Net Revenue (by Segment), $Million, 2019-2021
Figure 123: Topcon Corporation: Net Revenue (by Region), 2019-2021
Figure 124: Topcon Corporation: SWOT Analysis
Market Report Coverage
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Surgical Microscopes Market |
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|
Base Year |
2020 |
Market Size in 2020 |
$928.3 Million |
|
Forecast Period |
2021-2031 |
Value Projection and Estimation by 2031 |
$3,578.2 Million |
|
CAGR During Forecast Period |
13.3% |
Number of Tables |
24 |
|
Number of Pages |
157 |
Number of Figures |
124 |
|
Market Segmentation |
• Product Type – Conventional Microscopes and Advanced Microscopes • Application – ENT, Ophthalmology, Dental, Neurology, Gynecology, Spine, and Plastic and Reconstructive • End Users – Hospitals and Physician Clinics and Other Settings • Region – North America, Europe, Asia Pacific, Latin America, and Middle East and Africa |
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|
Regional Segmentation |
• North America – U.S. and Canada • Europe –Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, Benelux Countries and Rest-of-Europe • Asia-Pacific- China, Japan, South Korea, India, Australia and New Zealand, and Rest-of-Asia-Pacific • Latin America- Brazil, Mexico, Argentina, Rest-of-Latin-America • Middle East and Africa- KSA, South Africa, U.A.E., Rest-of-Middle East-and-Africa |
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|
Market Growth Drivers |
• Increasing Use of Fluorescence Image-Guided Surgery (FIGS) • Rising Minimally Invasive Surgical Procedures on the Global Level |
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|
Market Challenges |
• Low Adoption Rate Due to High Cost of Surgical Microscopes • Lack of Skilled Professionals with Limited Technical Knowledge |
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Market Opportunities |
• 3D Exoscopes ~ An Optical Innovation |
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Key Companies Profiled |
Alcon, Inc., B. Braun Melsungen AG, BHS Technologies GmbH, Carl Zeiss Meditech AG, Haag-Streit Holding AG (Metall Zug AG), Karl Storz SE & Co. KG, Danaher Corporation (Leica Microsystems GmbH), Munich Surgical Imaging GmbH, Olympus Corporation, Synaptive Medical, Inc., Topcon Corporation |
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How This Report Can Add Value
Who should buy this report?
• Surgical Microscopes manufacturers (emerging and established)
• Established technology companies
• Hybrid OT manufacturers
• Healthcare facilities
Key Questions Answered in the Global Surgical Microscopes Market Report
• How has the COVID-19 pandemic impacted the global surgical microscopes market?
• What is the regulatory landscape of the global surgical microscopes market? How have the regulations altered due to the COVID-19 pandemic?
• What has been the patent landscape for the market during 2017-2021?
• What are the major companies operating in the market and their respective market share?
• What are the major strategies employed by the companies to enter the market or for business expansion?
• How are advanced microscopes different from conventional microscopes?
• What are the major industry trends, market drivers, and market restraints that would impact the market during the forecast period 2021-2031? What are the growth opportunities for the market?
• Which product type, application, and end-user segment are expected to dominate the market during the forecast period 2021-2031?
• What would be the country-level revenue share and CAGR for the market during the forecast period 2021-2031?
Report Summary
Surgical Microscopes Overview
Although the compound microscope was invented in 1590 and was used for the examination of wounds and scars in the late 17th century, it had several limitations, including its heavy weight, large size, and poor image quality due to chromatic and spherical aberrations. Ernst Abbe proposed numerical aperture in the late 1800s, which substantially improved microscope resolution. Later, the monocular and binocular microscopes were combined with tripods and light sources and employed for a variety of examinations.
Surgical microscopes had been honed to be a precise tool with a number of enticing characteristics at the time. They have high-precision optics and high-power coaxial illumination, allowing surgeons to alter magnifications, work at the right distance, and see the entire operating field unimpeded. Surgical microscopes have been used in a variety of surgeries, including neuro and spine surgery, ENT surgery, dentistry, ophthalmology, and plastic and reconstructive surgery, due to numerous advantages such as clear and bright visualization, easy documentation and adaptation, stability, maneuverability, and improved ergonomics.
The surgical microscopes market report highlights that the overall surgical microscopes market was valued at $928.3 million in 2020 and is expected to reach $3,578.2 million by the end of 2031. The market is expected to grow at a CAGR of 13.3% during the forecast period from 2021 to 2031.
Surgical Microscopes Market Dynamics
Advancements and developing technologies are currently paving the way and establishing their presence in the global surgical microscopes market. With the introduction of modern technologies that can be easily employed in hospitals and physician clinics, there is tremendous potential for these developing and new technologies to enhance the overall growth of the market.
Operative microscopes are increasingly being employed in operating rooms because they enable adjustable magnification, excellent illumination, and provide a clear view of the surgical field. For image-guided surgery, cutting-edge surgical microscopes are combined with imaging modalities such as optical coherence tomography (OCT), fluorescence imaging, and augmented reality (AR).
Some of the domains where surgical or operating microscopes are used are ENT, dental, neurology, plastic and reconstructive, and gynecology. It has been observed in recent times that patients are shifting toward minimally invasive surgeries due to the various advantages offered by MIS, like scarless technology, shorter hospital stay, and a few others. Also, rising end-user preference for non-invasive diagnostic technologies over invasive technologies is expected to drive the market during 2021-2031.
Surgery is a primary therapeutic approach for a variety of disorders, including cancer. A clear vision of the anatomical features is one of the most important factors for surgeons to work accurately. This, however, has never been easy. On the one hand, some anatomical structures are extremely small (millimeters to microns), and they may be near other organs or tissue. A resolution far beyond that of human vision is required to see these structures clearly. The lack of illumination in narrow cavities and deep channels, which are typical in neurosurgery, ENT surgery, and endodontics, leads to dull visibility with shadows. Poor visualization may result in an inadvertent operation on anatomical structures or a nearby organ, affecting the surgical outcome, reducing organ preservation, or possibly posing a life-threatening risk. As a result, adequate magnification and optimum illumination are critical for surgical success. All these factors are expected to boost the market for surgical microscopes.
For various companies, growth is expected to be driven by rising demand for better accuracy and clearer images, as well as better precision during surgeries. The global surgical microscopes market is predicted to rise as a result of these improvements in multimodal diagnostic imaging for various surgical procedures.
Impact of COVID-19 on Surgical Microscopes
Surgical microscopes are frequently used in minimally invasive surgical operations, and the growing desire for MIS treatments has played a crucial role in the healthcare business in recent decades, with the number of MIS procedures increasing significantly in the last five years.
In the first half of 2020, the COVID-19 pandemic had a significant influence on elective surgical procedures. On a global scale, the COVID-19 pandemic had a significant influence on regular hospital routine services. During the early stages of the pandemic, hospitals drastically restricted or stopped performing elective surgical procedures to ensure patient safety and to focus on COVID19 patients.
The large-scale decline in the volume of elective surgical procedures had a significant impact on patients as well as financial consequences for medical device producers. As a result, sales of minimally invasive surgical equipment have declined.
Market Segmentation
Surgical Microscopes Market (by Product Type)
Different technologies that have been studied and analyzed under the surgical microscopes market report include conventional microscopes and advanced microscopes.
Conventional microscopes generate the highest revenue in the surgical microscopes market, and advanced microscopes are expected to rise at a faster pace between 2021 and 2031. This is mostly due to a rise in technologically advanced options and features like the incorporation of LED lights, better visualization, and precision.
Surgical Microscopes Market (by Application)
Different applications that have been studied and analyzed under the surgical microscopes market report include ENT, dental, ophthalmology, neurology, gynecology, spine, and plastic and reconstructive.
In the surgical microscopes market, the ENT segment generates the most revenue, while plastic and reconstructive is projected to expand at the fastest rate between 2021 and 2031. The plastic and reconstructive segment is projected to grow at the fastest rate because of the growing demands for plastic and reconstruction surgeries across the globe.
Surgical Microscopes Market (by Region)
The different regions covered under the surgical microscopes market report include North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
North America dominated the global surgical microscopes market in 2020 and is anticipated to uphold its dominance throughout the forecast period. The growth in the market is majorly driven by the increasing adoption of surgical microscopes by surgeons in various medical fields such as neurology, ENT, ophthalmology, gynecology, etc. Also, the ongoing trend for the rise in demand for multi-modality imaging is putting a significant impact on the market growth.
Key Market Players and Competition Synopsis
Some of the key players operating in the market include Alcon, Inc., B. Braun Melsungen AG, BHS Technologies GmbH, Carl Zeiss Meditech AG, Haag-Streit Holding AG (Metall Zug AG), Karl Storz SE & Co. KG, Danaher Corporation (Leica Microsystems GmbH), Munich Surgical Imaging GmbH, Olympus Corporation, Synaptive Medical, Inc., and Topcon Corporation.
The surgical microscopes market has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are new offerings and upgradation, collaborative activities (partnerships, alliances, and business expansions, mergers and acquisitions), and regulatory and legal activities. The preferred strategy for companies has been new offerings and upgradation.
Key Highlights
• According to the surgical microscopes market report, conventional microscopes dominated the market in 2020 compared to emerging microscopes under the product type segmentation. Conventional microscopes are forecast to uphold this position in the market and dominate till the end of the forecast period 2021-2031.
• When the market is segmented by application, ENT is the market leader. By the end of the forecast period 2021-2031, the plastic and reconstructive segment is projected to lead the market.
• Conventional microscopes accounted for an 83.8% share of the total market.
• Surgical Microscopes hold the highest numbers in the North America region followed by Europe. The U.S. led the table by contributing 84.1% of the total market in 2020. It is expected that by the end of the forecast period 2021-2031, North America will continue to lead the region-based segmentation.
Surgical Microscopes Market - A Global and Regional Analysis
Focus on Product Type, Application, End User, 25 Countries’ Data, Patent Scenario, and Competitive Landscape - Analysis and Forecast, 2021-2031
Some Faq's
Frequently Asked Questions
The surgical microscopes market report highlights that the overall surgical microscopes market was valued at $928.3 million in 2020 and is expected to reach $3,578.2 million by the end of 2031. The market is expected to grow at a CAGR of 13.3% during the forecast period from 2021 to 2031.
The top market players are Alcon, Inc., B. Braun Melsungen AG, BHS Technologies GmbH, Carl Zeiss Meditech AG, Haag-Streit Holding AG (Metall Zug AG), Karl Storz SE & Co. KG, Danaher Corporation (Leica Microsystems GmbH), Munich Surgical Imaging GmbH, Olympus Corporation, Synaptive Medical, Inc., Topcon Corporation.
Factors driving the growth of the surgical microscopes market are increasing use of fluorescence image-guided surgery (FIGS) and rising minimally invasive surgical procedures on the global level.
Some of the main challenges restricting the growth of the surgical microscopes market are low adoption rate due to high cost of surgical microscopes and lack of skilled professionals with limited technical knowledge.
The main opportunity that is likely to boost the growth of the surgical microscopes market is 3D exoscopes - an optical innovation.
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