Surgical Microscopes Market Trends 2023: Predicted to Surpass USD 1.39 Billion by the year 2030, Says AMR

According to the report published by Allied Market Research, the global surgical microscopes market was estimated at $612.79 million in 2020 and is expected to hit $1.39 billion by 2030, registering a CAGR of 8.6% from 2021 to 2030. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

Key Takeaways:

The surgical microscopes market is experiencing significant growth due to advancements in healthcare technology and an increasing number of surgical procedures.

Factors driving market growth include the rising demand for minimally invasive surgeries, increasing prevalence of chronic diseases, and growing geriatric population.

The market is segmented by type (on casters, wall-mounted, and ceiling-mounted), application (neurosurgery, ophthalmology, ENT surgery, plastic and reconstructive surgery, and others), and end-user (hospitals, clinics, and ambulatory surgical centers).

North America currently holds a significant market share, followed by Europe and the Asia-Pacific region.

Technological advancements such as 3D visualization, integrated cameras, and improved ergonomics are enhancing the capabilities of surgical microscopes.

Challenges in the market include high costs associated with surgical microscopes, limited healthcare infrastructure in developing regions, and the availability of alternative visualization technologies.

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Market Segmentation:

Type:

• • On casters: Surgical microscopes that are mounted on a movable stand with wheels for easy mobility within the operating room.
  • Wall-mounted: Microscopes that are fixed to the wall, providing stability and freeing up floor space in the operating room.
  • Ceiling-mounted: Microscopes that are suspended from the ceiling, offering maximum flexibility in positioning and movement.

Application:

• • Neurosurgery: Microscopes used for intricate procedures in neurosurgery, such as brain and spinal surgeries.
  • Ophthalmology: Microscopes used for eye surgeries, including cataract surgery, retinal surgeries, and corneal transplants.
  • ENT Surgery: Microscopes utilized in ear, nose, and throat surgeries, including sinus surgeries and middle ear procedures.
  • Plastic and Reconstructive Surgery: Microscopes used in plastic surgery procedures, such as breast augmentation, facelifts, and reconstructive surgeries.
  • Others: Microscopes used in various surgical specialties like orthopedics, gynecology, urology, and dental surgeries.

End-User:

• • Hospitals: Surgical microscopes used in large healthcare facilities that perform a wide range of surgical procedures.
  • Clinics: Microscopes used in smaller medical clinics or specialized surgical centers.
  • Ambulatory Surgical Centers (ASCs): Microscopes used in outpatient surgical facilities that provide same-day surgical care.

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Regional Growth Dynamics:

North America dominated in 2020, garnering more than two-fifths of the global surgical microscopes market. This is attributed to the robust infrastructure provided for research activities and presence of key players across North America. The market across Asia-Pacific, however, is expected to cite the fastest CAGR of 8.9% throughout the forecast period, due to increase in use of surgical microscope for the detection of infections, rise in R & D activities for new product launch, and surge in investments in the healthcare sector.

Competitive Landscape:

• Carl Zeiss Meditec AG
• Leica Microsystems (Danaher Corporation)
• Olympus Corporation
• Topcon Corporation
• Haag-Streit Surgical (Metall Zug Group)
• Alcon (Novartis AG)
• Seiler Instrument Inc.
• ACCU-SCOPE Inc.
• ARRI Medical (ARRI AG)
• Alltion (Wuzhou) Co., Ltd.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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