The global surgical microscope market is expected to grow from 914.6 million in 2021 to USD 2556.7 million by 2030, at a CAGR of 12.10% during the forecast period 2022-2030. Surgical microscopes have evolved into a vital tool for MIS (minimally invasive surgical) processes in various problems such as otorhinolaryngology, dental surgery, ophthalmic surgery, cosmetic surgery, and neurosurgery.
Technological advancements in the products have substantially enhanced vision, positioning, stability, sizing, recording capabilities, etc. With the help of these microscopes, surgeons can change their positioning while conducting complex and lengthy operations. These elements are expected further to drive market growth during the projection duration.
The on-casters segment dominated the market, accounting for around 301.8 million in global revenue in 2021.
The type segment of the surgical microscope market is divided into wall-mounted, on-casters, and tabletop. The on-casters segment dominated the market, accounting for around 301.8 million in global revenue in 2021. Caster-mounted microscopes settle in less floor space and can be smoothly pushed in any direction as per the surgeons’ comfort, which boosts the need for these devices, thereby supporting segment development.
The oncology segment dominated the market, accounting for around 173.7 million in global revenue in 2021.
The product type segment is divided into individuals, clusters, strips, & others. The oncology segment dominated the market, accounting for around 173.7 million in global revenue in 2021. The increasing prevalence of cancer, as well as the complexness of its therapy, has led to the adoption of cutting-edge approaches that include the use of surgical microscopes.
The hospital segment dominated the market, accounting for around 503.0 million in global revenue in 2021.
The end-user segment is divided into outpatient facilities and hospitals. The hospital’s segment dominated the market, accounting for around 503.0 million in global revenue in 2021. The rising number of multispecialty hospitals is associated with an increasing number of surgical processes and well-equipped health infrastructure.
Regional Segmentation Analysis:
The market is analyzed based on five regions: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. North America region is expected to be the largest market during the forecast period. Due to the increased number of spinal surgeries, ophthalmic surgeries, and neurosurgeries, growing dental hygiene awareness leads to increased dental processes and surgeries. The growth of better surgical techniques and cutting-edge treatment methods has impacted the development of the North American market. Furthermore, increased awareness among the population, advanced medical infrastructure, and high disposable income are some elements that push the growth of the surgical microscopes market.
The market’s major players include Topcon Corporation,Takagi Seiko Co. Ltd, Metall Zug Group (Haag-Streit), HAAG-STREIT Surgical GmbH, Danaher Corporation (Leica Microsystems), Synaptive Medical, Seiler Instrument Inc., Optofine Instruments Pvt. Ltd, Olympus Corporation, Carl Zeiss AG, Avante Health Solutions, ATMOS MedizinTechnik GmbH & Co. KG, ARI Medical Technology Co. Ltd, Alltion (Wuzhou) Co. Ltd, and Alcon Inc, among others.