Report Summary

The global surgical microscope market was valued at USD 610.3 million in 2017 and is estimated to grow at a CAGR of 12.5% during the forecast period. A surgical microscope is an optical, binocular microscope that is specifically used to obtain good visibility of the minute structures in the operating field to perform delicate surgeries. Surgical microscopes are widely used in the fields of neurosurgery, ophthalmology, dentistry, oncology and urology among other applications.

Minimally invasive surgeries are gaining widespread acceptance among patients and medical practitioners on account of lesser blood loss, accuracy, smaller incisions, decreased scarring, lesser rehabilitation time and faster recovery, thereby fueling the growth of the market. Furthermore, the increasing geriatric population requiring surgeries for age-related diseases, and the rapidly increasing patient population with cancer, neurological, and cardiovascular disorders is boosting market growth. An increase in awareness about dental care, vision and eyesight coupled with the increasing number of out-patient facilities has further augmented market growth. Also, increasing R&D activities for the development of surgical microscopes, technological advancements in the surgical microscopes such as portability, stability, and visibility and the use of microscopes in newer types of surgeries drive the market growth. In addition, rapidly improving healthcare infrastructure and increasing per capita healthcare expenditure across the globe bolster the market growth. However, decreased adoption of surgical microscopes due to high costs in developing economies and limited technical knowledge are the factors hinder the market growth. Nevertheless, emerging market in developing countries and newer innovative fields of application provide numerous opportunities for growth.

Surgical Microscope Market Scope

By Product Type By Application By End User By Region Ophthalmic Microscopes

Ear, Nose, and Throat (ENT) Microscopes

Colposcopy Neuro and Spine Surgery

ENT Surgery

Dentistry

Oncology

Gynecology

Urology

Ophthalmology

Plastic & Reconstructive Surgeries

Other Surgeries Ambulatory Surgical Centers

Outpatient Settings North America (U.S., Canada)

Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands)

Asia-Pacific (China, Japan, India, Australia, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)

Latin America (Brazil, Mexico, Argentina)

Middle East and Africa (UAE, Saudi Arabia, South Africa)

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Segment Analysis

The global surgical microscope market is segmented on the basis of product, application, end user, and region. Based on the product type, the market is categorized into ophthalmic microscopes, Ear, Nose, and Throat (ENT) microscopes and colposcopy. Based on application, the market is divided into neuro and spine surgery, ENT surgery, dentistry, oncology, gynecology, urology, ophthalmology, plastic & reconstructive surgeries, and others. On the basis of end user, the global market is further categorized into hospital, ambulatory surgical centers, and outpatient settings.

Regional Analysis

The report analyzes the global market across North America, Germany, Asia-Pacific, Latin America, and Middle East & Africa (MEA). North America is further segmented into U.S. and Canada. Europe is divided into Germany, UK, Russia, and Rest of Europe. Asia-Pacific is bifurcated into Japan, China, and Rest of Asia-Pacific. Latin America is categorized into Brazil, Mexico, and Rest of Latin America. Middle East & Africa comprise South Africa, Saudi Arabia, and Rest of Middle East & Africa. The North American region has accounted for the largest share in the global surgical microscope market in 2017.

Competitive Landscape

The key players of the microscope market include Carl Zeiss AG, Leica Microsystems, Takagi Corporation, Seiler Precision Microscopes, Topcon Corporation, Alltion (Wuzhou) Co. Ltd., Alcon Laboratories, Inc., Haag-Streit Surgical, Olympus Corporation, Accu-scope, Inc., Novartis AG, Danaher Corporation, Labomed Microscopes, Prescott’s Inc., and Bruker Corporation. The major players have adopted such as strategies such as new product launch and acquisitions among others to gain a competitive edge.