The Global Surgical Microscopes Market was worth USD 514.28 million in 2016 and estimated to be growing at a CAGR of 11.6%, to reach USD 890.26 million by 2021.
Surgical microscope or Operating microscope is an optical microscope specifically designed for the surgical setting, typically to perform microsurgeries. It is operated mechanically or electrically.
It has a combination of lens which provide magnification (typically in the range 4x-40x), stereoscopic vision and illuminated image of the surgical area. Surgical microscopes have a wide range of applications in various fields like ophthalmology, ENT surgery, gynecology, urology, neurosurgery & spine surgery, dentistry and plastic & reconstructive surgeries.
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There are many types of surgical microscopes used for various applications.
One of the common type is used by ENT surgeons. The binocular head of the microscope is straight without any angle.
The required focal length is adjusted by simply screwing on a different bottom lens under the head which changes the overall magnification. Another common type of microscope for surgery applications is used by ophthalmologists for correcting the eye problems.
The binocular head of this microscope is on a 45-degree angle. The focal length is usually different from the ENT usage.
There are also microscopes for general operation such as hand microsurgery, neuro microsurgery, orthopedic surgery and dental surgery.
The growth in global ageing population, increasing use of fluorescence image-guided surgery (FIGS), greater adoption of minimally invasive surgeries, advancements in healthcare facilities, increase in R&D and growth in health care infrastructure, technological advancements and customized microscopy solutions are the key factors driving the growth of the global market. However, factors such as lack of skilled professionals, high cost of advanced surgical microscopes and high custom duties on medical devices are restraining the growth of this market to a certain extent.
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Global Surgical Microscopes market is segmented by Application, End user and Region. Based on the application, the market is broadly segmented into Ophthalmology, Ear, Nose and Throat(ENT) Surgery, Neuro and Spine Surgery, Dentistry, Gynecology and Urology, Plastic and Reconstructive Surgery, Oncology and Documentations.
In 2016, the neuro and spine surgery and Ophthalmology segment have dominated the global market throughout the forecast period due to increase in population aged 65 or above. Furthermore, dentistry and ENT segment is expected to have fastest growth, due to increase in outpatient surgical centres.
On the basis of End user, the market is segmented into Hospitals and Outpatient surgical centres. Among the end users, the hospitals dominated the global surgical microscope industry in 2016.
On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. North America dominated the global industry followed by the Europe and Asia-Pacific with around 38% share in 2016 due to the healthcare facilities in this region and presence of reimbursement facility over medical treatments.
Asia Pacific is expected to witness the fastest growth over the forecast period. The emerging economies in India and China, the supportive government policies to improve healthcare are the factors for growth.
Some of the key players operating in the surgical microscope market are Accu-Scope, Inc., Novartis AG, Alltion (Wuzhou) Co., Ltd., Haag-Streit U.S., Danaher Corporation, Alcon Laboratories, Inc., Olympus Corporation ARRI AG, Leica Microsystem GmbH, Carl Zeiss, Topcon Medical Systems, Inc., Global Surgical Corporation, and Takagi Seiko co., Ltd.
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