The global Surgical Microscope market size is expected to be worth around US$ 2.5 billion by 2028, according to a new report by Vision Research Reports.
The global Surgical Microscope market size was valued at US$ 928.7 million in 2020 and is anticipated to grow at a CAGR of 10.12% during forecast period 2021 to 2028.
Surgical microscopes have revolutionized the field of minimally invasive surgeries as they allow surgeons to perform surgeries with maximum precision by magnifying the surrounding anatomical structures, resulting in improved patient outcomes with shorter duration of procedures and rapid recovery. In addition, the limitations of open surgeries have been significantly eliminated by integrating the workflow in operating rooms. As a result, surgeons are opting for minimally invasive surgeries over invasive ones, leading to an increase in revenue and improvements in workflow.
The majority of surgeons are adopting minimally invasive surgeries in various surgical fields worldwide. Furthermore, people in emerging economies are willing to pay for premium quality services due to increasing disposable income, which is expected to boost the demand for minimally invasive surgeries, which, in turn, is anticipated to drive the market during the forecast period. Companies reported decreases in the revenue of the second quarter for the year 2020 due to the impact of the COVID-19 pandemic, which affected the supply chain of most of the companies.
On-casters microscopes held the largest share of 79.6% in 2020 and are anticipated to expand at the highest CAGR over the forecast period. On-casters microscopes are floor-mounted devices that have retractable casters with single, double, or compound wheels. The caster is specifically designed to provide absolute equilibrium, allowing free movement of the balanced microscope. Caster-mounted microscopes should be properly fixed and positioned with the operating bed. They also have top and down movement controls for adjusting the height of the device.
The base of this microscope is designed in a way that it does not interfere with foot controls or power cables. Mounting on wheels provide users with portability and flexibility capabilities. Caster-mounted microscopes are versatile and easy to clean and can maintain sterility in the operating room. Advantages such as effective maneuvering and repositioning functionality requiring minimum efforts offered by these microscopes help in reducing the duration of the operation.
The end-use segment of the market includes hospital and physician clinics and other settings. The hospital segment dominated the market and held a 59.4% share of the overall revenue in 2020 owing to the higher number of patient admissions and surgeries performed in hospitals and greater financing capabilities.
The physician/dentist clinics and other settings segment is expected to grow at a significant rate over the forecast period. The availability of smaller operational microscopes and the growing field of dentistry are among the factors contributing to the growth of this segment.
Key application segments include neurosurgery and spine surgery, ENT surgery, dentistry, gynecology, urology, ophthalmology,and reconstructive surgeries, and others. The ophthalmology segment held the largest revenue share of 37.5% in 2020. Neurosurgery and spine surgery was one of the major segments in 2019. The rising prevalence of brain disorders as well as the complexity of their treatment have led to the adoption of advanced techniques that involve the use of surgical microscopes.
The ENT surgery segment is expected to grow at a lucrative rate over the forecast period. The dentistry and plastic and reconstructive surgeries segments are also expected to grow at a significant rate in the years to come owing to the rising demand for cosmetic dentistry and an increase in the volume of reconstructive surgeries. ENT surgical microscopes are customizable using tubes, objective lenses, stands, handles, and other parts.
North America dominated the global market in 2020 with a share of 39.11%. This is attributed to the presence of sophisticated facilities, highly advanced equipment, skilled neurosurgeons and cosmetic surgeons, rising number of surgical facilities, preference for outpatient settings, and supportive reimbursement framework for medical treatments. Moreover, the prevalence of ophthalmic and neurologic disorders in this region is substantially higher, which is facilitating the regional market growth.
Carl Zeiss Meditec AG
Haag-Streit Surgical GmbH
Alcon, Inc. (Novartis)
ARI Medical Technology Co., Ltd.
Takagi Seiko Co., Ltd.
Seiler Instrument Inc.
Chammed Co. Ltd.
Neurosurgery and Spine Surgery
Plastic & Reconstructive Surgeries
Physician Clinics and Other Settings
Middle East & Africa
The Surgical Microscope market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Surgical Microscope market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Surgical Microscope market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Surgical Microscope market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Surgical Microscope market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Surgical Microscope capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Surgical Microscope by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Surgical Microscope market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Surgical Microscope market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Surgical Microscope market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Surgical Microscope industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Surgical Microscope market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Surgical Microscope market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Surgical Microscope market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Surgical Microscope market. These factors have benefited the growth of the global market for Surgical Microscope. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Surgical Microscope. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Surgical Microscope are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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