The consistent positive performance of operating microscopes has increased their application globally. The majority of surgeons are widely adopting minimally invasive surgeries in numerous surgical fields all over the world. The wide availability and incorporation of advanced technologies increases the demand for surgical microscopes in hospitals enabling surgeons to efficiently visualize body anatomy will further accelerate the growth of the market.
According to Data Bridge Market Research the Global Surgical Operating Microscopes Market was valued at USD 1.2 billion in 2021 and is further estimated to reach USD 3.77 billion by 2029, and is expected to grow at a CAGR of 15.4% during the forecast period of 2022 to 2029.
“Increasing Demand of Neurosurgeries Boost the Market Growth”
There is a high demand of neurosurgeries that help in increasing the growth of the market. As surgical microscopes play an essential role in neurosurgeries associated with better illumination and three-dimensional views, several manufacturers are primarily focusing on product innovation to increase treatment efficiency. For instance, at the American Association of Neurological Surgeons (AANS) Annual Scientific Meeting, Leica Microsystem launched augmented reality imaging technologies in 2017 for surgical microscopes to aid surgical microscope views for multiple neurological procedures. Thus, this factor boost the market growth.
What restraints the growth of Global Surgical Operating Microscopes Market?
“Product Recall of Surgical Microscopes”
One of the major factors that hinder the market growth is the product recall of the surgical microscopes. For instance, the U.S. FDA recalls the Surgical Operating Microscopes, M530 OHX, a surgical microscopes by Leica Microsystems in September 2022. The main reason behind the recall was the change in the component on the photodiode inside the M530 optics carrier that results in imprecise adjustments of the illumination limit by the software. Thus, these factors hinder the market growth.
Segmentation: Global Surgical Operating Microscopes Market
The global surgical operating microscopes market is segmented based on the basis of type, application and end user.
- On the basis of type, the surgical operating microscopes market is segmented into systems (microscopes), visualization system and accessories.
- On the basis application, the surgical operating microscopes market is segmented into neuro and spine surgery, plastic and reconstructive surgery, ophthalmology, gynaecology and urology, oncology, otolaryngology, dentistry and others.
- On the basis of end user, the surgical operating microscopes market is segmented into hospitals, speciality clinics and ambulatory services.
Regional Insights: North America is expected to dominate the Global Surgical Operating Microscopes Market
- North America dominates the market because of the presence of advanced medical treatments and healthcare facilities. Additionally, the increasing number of experienced neurosurgeons and cosmetic surgeons will boost the growth of the market in the region during the forecast period.
- Asia-Pacific is expected to grow in the forecast period of 2022-2029 because of the rise in the cases of ophthalmic disorders. Furthermore, the increase in the medical tourism and the growth in the surgeries performed in inpatient and outpatient settings is further expected to boost the growth of the surgical operating microscopes market in the region in the upcoming years.
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Recent Developments in Global Surgical Operating Microscopes Market
- In 2020, Takagi Ophthalmic Instruments Europe Ltd. has introduced the OM-6 Operating Microscope. The OM-6 Operating Microscope features the world's first LED light source in a compact/entry-level ophthalmic operating microscope.
- In 2020, True Digital Surgery which is an innovative developer of 3D digital surgery visualization platform and Aesculap, Inc., announced that the Aesculap Aeos Robotic Digital Microscope is available in the U.S. This can be used to perform precision movements in certain procedures, such as neurosurgery, ear, spine, nose, and throat operation through the multi-axis robotic arm.
- In 2021, IRIDEX Corporation which is a manufacturer of innovative ophthalmic laser-based medical products for the treatment of glaucoma and retinal problems, announced a strategic collaboration with Topcon. Topcon is a Japanese manufacturer of optical equipment for ophthalmology and surveying.
The Prominent Key Players Operating in the Global Surgical Operating Microscopes Market Include:
- Danaher (U.S.)
- Alcon Inc. (Switzerland)
- Alltion (Guangxi) Instrument Co., Ltd. © Alltion (Wuzhou) Co., Ltd. (China)
- ATMOS MedizinTechnik GmbH & Co. KG (India)
- Ecleris (Argentina)
- Metall Zug AG (Switzerland)
- KARL KAPS GMBH & CO. KG (Germany)
- Olympus Corporation (Japan)
- Orion Health group of companies. (U.S.)
- Seiler Instrument Inc.. (U.S.)
- Takagi Seiko (Japan)
- Topcon (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of global surgical operating microscopes market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Surgical Operating Microscopes Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
