Surgical Microscopes Market Size, Share & Trends Analysis Report By Type (On Casters, Wall Mounted, Tabletop, Ceiling Mounted), By Application (Neurosurgery and Spine Surgery, ENT Surgery, Dentistry, Gynaecology, Urology, Ophthalmology, Plastic & Reconstructive Surgeries, Other Surgeries), By End Use (Hospital and Physician Clinics, Other Settings) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global surgical microscopes market size was valued at USD 1.12 billion in 2021 and is expected to reach USD 2.92 billion in 2030 expanding at a compound annual growth rate (CAGR) of 11.23% from 2022 to 2030. Due to the factors such as utilizing fluorescence image-guided surgery more often (FIGS) and developing nations, drives the demand for global surgical microscopes market by 2030.

A surgical microscope is an optical instrument that may be controlled either manually or electrically and was developed expressly for use in surgical settings to facilitate the performance of micro surgeries. It is equipped with a set of lenses that, when combined, allow for stereoscopic vision, magnification, and a picture that is lit of the surgical region. The ergonomic design of surgical microscopes allows users to do their duties without experiencing any strain. The fields of dentistry, ENT, urology, gynaecology, neurosurgery and spine surgery, ophthalmology, oncology, plastic and reconstructive operations, and cancer are some of the medical specialities that make use of these microscopes.

Market Dynamics

Market Drivers

Utilizing fluorescence image-guided surgery more often (FIGS)

Most of the intraoperative surgical methods that are performed today are based on previously established white-light reflectance, and their success is contingent on the surgeon's capacity to discern between sick tissue and nearby normal tissue. However, it can be exceedingly difficult, even for a surgeon who is well trained and experienced, to precisely discern between sick tissue and normal tissue. Normal tissue might seem quite similar to diseased tissue. When operating on a tumour, this is especially important to keep in mind because tumour margins are not always clearly discernible under white-light reflectance. In a similar manner, it may be impossible to discover and remove hidden cancers because of the tissue that covers them. The presence of any remaining tumour after surgery carries the risk of metastasis, which in turn poses a considerable risk to the patient's surgical success and the chance of survival.

Utilizing fluorescence imaging in conjunction with techniques like molecular navigation, which guides surgical procedures on a molecular level, is one of the most promising methods. Fluorescence image-guided surgery (FIGS), also known as fluorescence-assisted resection and exploration (FLARE), is a surgical technique that makes use of fluorescence light that is emitted from a reporter dye molecule that "sticks" to a cancerous mass. FIGS is also known as fluorescence image-guided surgery (FIGS). This phenomenon acts as an intraoperative visualisation tool that assists the surgeon in identifying and delineating real-time tumours during surgical procedures. Because of this, it is now feasible for the malignant tissue to be removed nearly entirely during the operation that was performed initially. The market for surgical and operating microscopes will be driven by the rising need for surgical equipment such as fluorescence modules that can precisely delineate sick tissue and the margins at which it occurs.

There are several major reasons that are contributing to the global surgical microscopes market growth, some of which include the rise in drug discovery and bioscience research, the requirement for high-speed diagnostics, and greater funding from the government. The rise of the global surgical microscopes market is also being fuelled, in part, by the growing awareness of the importance of healthcare.

Market Restraints

High price of modern operating and surgical microscopes

The manner in which surgical and operating microscopes are put to use has undergone a fundamental transformation as a direct result of developments in technology. One of the primary factors that prevent more widespread use of surgical and operating microscopes is the high cost of these instruments, which can range from 40,000 to 150,000 US Dollars. These microscopes are typically utilised in more complicated surgical procedures like neurosurgery and ophthalmic surgery. In addition to this, there may be significant operating costs as a result of recurring costs in the form of maintenance for these microscopes. Due to these prohibitively high costs, customers are forced to rely on funding from private sources. As a result, the high price of more modern surgical and operating microscopes will act as a restraint to the expansion of the market for surgical and operating microscopes during the next term.

Market Opportunity

Developing nations (China, India, Brazil, and The Middle East)

Emerging markets for surgical and operating microscopes include China, India, Brazil, and the Middle East; however, each of these markets is still in its infant stage at the present time. These markets do not have appropriate standards or government restrictions, thus they present a significant opportunity for service providers that are unable to fulfil the criteria in the United States.

Because of the country's academic prowess and the ease with which one can get trained labour, China might develop as a rich market for surgical and operating microscopes. Additionally, fresh income pockets might be found in India, Brazil, and the Middle East for industry participants. There is a substantial pool of patients in developing countries that require medical help, including surgical procedures, as a result of the growth in the incidence of illnesses caused by unhealthy lifestyles. Over the course of recent history, a significant amount of focus has been placed on the availability of medical treatment in developing nations. Because of the rise in the purchasing power of the expanding middle-class population in developing countries, an increasing number of individuals are now in a financial position to pay for necessary medical procedures, such as minimally invasive surgery (MIS). As a result, the rise of the middle class in developing economies will be a primary factor in the expansion of the market for surgical and operating microscopes.

Regional Analysis

The worldwide market was led by North America in 2021, valued at USD 437.6 million. The large percentage is linked to the availability of a favourable reimbursement structure for medical treatments as well as modern healthcare facilities with top-notch neurosurgeons and cosmetic surgeons and cutting-edge equipment.

Additionally, this region has a significantly greater frequency of ophthalmic and neurologic illnesses, which is aiding in the expansion of the local market. Innovative items are being introduced by local businesses, which is also anticipated to boost the market growth in North America. For instance, Med X Change introduced the camera-only version of 4Klear in April 2019.

From 2022 to 2030, Asia Pacific is supposed to see the fastest compound annual growth rate (CAGR), at 12.27%. Growing medical tourism, an increase in inpatient and outpatient procedures, and an increase in the prevalence of ocular ailments are a few of the key drivers propelling the market in the area. It is anticipated that the market would expand at a faster rate during the forecast period due to favourable government policies to upgrade the healthcare system and rapid economic development in several of the region's nations.

Segmental Analysis

On the Basis of Type

The global surgical microscopes market was led by the on-casters sector in 2021, with a worth of USD 880.9 million. Casters, wall-mounted, tabletop, and ceiling mounted are the market segments. Floor-mounted instruments known as on-caster microscopes feature retractable casters with single, double, or compound wheels.

The majority of surgical specialities, including ENT, dentistry, ophthalmology, neurology, and cosmetic operations, employ surgical microscopy on casters. Microscopes with caster mounts take up less room on the floor and are simple for surgeons to manoeuvre in any direction. This is fuelling the demand for these gadgets and fostering the expansion of the market.

During the projected period, the wall-mounted surgical microscopes market share is anticipated to increase at a compound annual growth rate (CAGR) of 11.44%. Tabletop and ceiling-mounted microscopes had the biggest market shares, followed by the category. Due to its shortcomings, such as its limited flexibility and lighting and maintenance issues, wall-mounted microscopes are utilised less frequently.

Such microscopes are favoured in small operating or examining rooms, nevertheless. Additionally, the wall-mounted microscopes include a built-in spring mechanism that can be adjusted to a person's weight. Such elements help explain why wall-mounted microscopes are in demand. The smallest market share was held by ceiling-mounted microscopes.

On the Basis of Application

By Application, the surgical microscopes market share is segmented into Neurosurgery and Spine Surgery, ENT Surgery, Dentistry, Gynaecology, Urology, Ophthalmology, Plastic & Reconstructive Surgeries and Other Surgeries. Due to factors including an expanding patient base, increased demand for surgical equipment, and growth in the number of cataract operations, the ophthalmology segment maintained the greatest revenue share and in 2021 the value was USD 412.9 million. Surgical microscopes are necessary for a variety of ophthalmic procedures.

Major procedures include laser eye surgery, glaucoma, corneal, and eye muscle procedures, as well as oculoplastic procedures. Certain favourable elements for the segment growth include the complicated architecture of the eye and the accessibility of a wide range of goods, like the Leica M844 F40/F20 and Leica M822 F40/F20, for treating diverse ophthalmic disorders.

In the projected period, it is supposed that the neurosurgery and spine surgery segments would increase at CAGRs of 11.01% and 10.48%, respectively. The second-largest share belonged to the whole sector. Surgery involving the nervous system, including all of the components found in the spinal cord, brain, and extracranial cerebrovascular system, is included in neurosurgery and spine surgery.

With higher lighting and three-dimensional views, surgical microscopes are essential in neurosurgeries, therefore manufacturers are concentrating on product innovation to boost therapeutic effectiveness.

On The Basis of End Use

Based on End Use, the surgical microscopes market share is segmented into Hospital and Physician Clinics and Other Settings. The hospital end-use sector led the global market in terms of valuation in 2021, reaching USD 648.9 million. The market has been divided into sub-segments, including hospitals, doctor's offices, and other venues. Due to the increased number of patient admissions and procedures carried out in hospitals, as well as the stronger financial capacities, the hospital segment is the largest end-use operating microscopes market.

Additionally, hospitals are able to obtain the most cutting-edge surgical tools to enhance and speed the process in operating rooms. For instance, the city's first 3D robotic surgical microscope was placed in the neurosurgery operating rooms at Mater Private Hospital Brisbane in July 2019.

From 2022 to 2030, the physician clinics and other settings category is anticipated to develop at a CAGR of 12.43%. One of the main drivers of this segment's growth is the accessibility of smaller operating microscopes as well as the continually expanding sector of dentistry.

The delivery of healthcare has changed over the past several years from inpatient hospital settings to a variety of community-based and ambulatory settings. More patients are choosing ambulatory surgical clinics due to the growing need for quicker hospital stays and recovery times.

Impact of covid-19

The automotive industry is critical to the economy's growth. However, during the second and third quarters of 2020, the COVID-19 outbreak impacted the whole automotive supply chain, affecting new car sales in FY 2020.

South America is most affected by COVID-19, with Brazil leading the way, followed by Ecuador, Chile, Peru, and Argentina. South America's government (SAM) has taken a number of steps to protect its citizens and stem the spread of COVID-19. South America is expected to have fewer export revenues as commodity prices fall and export volumes fall, particularly to China, Europe, and the United States, which are all significant trading partners. The manufacturing industry, especially automotive manufacturing, has been damaged by containment measures in various South American countries. Due to the pandemic, major automotive manufacturers have also temporarily halted manufacturing in the region as a cost-cutting move. Furthermore, the automobile disc brake industry has been significantly affected in 2020 due to a lack of raw materials and supply chain disruption.

The Automotive Brake System control module of a vehicle is meant to alert the driver with a warning light if the system fails. The module itself is rarely defective; instead, the sensors or the wiring to the sensors are frequently defective. The most typical cause of dysfunction is when the Automotive Brake System is contaminated with particles or metal shavings. There is no signal continuity when sensor wiring is destroyed. Brake fluid becomes contaminated in corrosive situations, and the hydraulic unit fails to function.

Recent Developments

• Throughout order to distribute surgical microscopes in Maryland, Virginia, and Washington, DC, Leica Microsystems and SurgicalOne expanded their collaboration in December 2021.
• Nikon Corporation introduced the ECLIPSE Ci-L plus biological microscope in September 2021, which does not require light intensity adjustment while changing magnifications. Additionally, it removes the physical strain brought on by prolonged observations.
• The OM-6 Operating Microscope was introduced by Takagi Ophthalmic Instruments Europe Ltd. in October 2020. The recently released OM-6 Operating Microscope is the world's first compact/entry-level ophthalmic operating microscope to have an LED light source.
• The 4Klear surgical microscope camera, which has an integrated 4K recording, was introduced by Med X Change Inc., a top producer of medical equipment, in April 2019. It is a 2-in-1 solution with unmatched native 4K picture quality that is intended for surgical microscopes.