Surgical Microscopes Market will Grow at 8.6% CAGR to Surpass $1.4 Billion during the Forecast Period 2022–2030

Increased prevalence of ophthalmic diseases among geriatric population across the globe, surge in hospital admissions, and rise in investments to tackle chronic diseases drive the growth of the global surgical microscopes market. On the other hand, certain government regulations against the adoption of specific surgical microscopes hinder the growth to some extent. However, development of innovative instruments in the healthcare sector and launch of various solutions for fast, & accurate diagnosis are anticipated to create lucrative opportunities in the industry.

The surgical microscopes market was valued at $612.79 million in 2020, and is estimated to reach $1.4 Billion by 2030, growing at a CAGR of 8.6% from 2021 to 2030. 

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Surgical microscope is a mechanically or electrically operated optical device, specifically designed for use in surgical settings to perform microsurgeries. It has a combination of lenses, which provides magnification, stereoscopic vision, and illuminated image of the surgical area. Surgical microscopes are ergonomically designed to provide strain-free operation to users. These microscopes find applications in dentistry, ENT, gynecology, urology, neurosurgery & spine surgery, oncology, ophthalmology, and plastic & reconstructive surgeries.

The demand for surgical microscopes has witnessed tremendous growth due to growth in global geriatric population, increase in R&D activity in life science sector, growth in health care infrastructure, and increase in demand for minimally invasive surgeries. In addition, governmental funding & support for implementing the healthcare infrastructure and technological advancement are some of the factors anticipated to play a major role in the growth of the developed markets. However, sale of used and refurbished equipment and high pricing of equipment in developing region are some of challenges, which can hamper the growth of the market to some extent during the forecast period.

Alarming rise in prevalence of cosmetic surgeries, advancements in surgical microscope products, rise in government &private funds for development of healthcare sectors, and increase in number of surgical procedures are expected to notably contribute toward the growth of the global surgical microscope market during the forecast period.

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North America held the major share in 2020-

By region, North America dominated in 2020, garnering more than two-fifths of the global surgical microscopes market. This is attributed to the robust infrastructure provided for research activities and presence of key players across North America. The market across Asia-Pacific, however, is expected to cite the fastest CAGR of 8.9% throughout the forecast period, due to increase in use of surgical microscope for the detection of infections, rise in R & D activities for new product launch, and surge in investments in the healthcare sector.

Key players in the industry-

  • Haag-Streit U.S.
  • Alcon Laboratories, Inc.
  • Leica Microsystem GmbH
  • ARRI AG
  • Alltion (Wuzhou) Co., Ltd.
  • Olympus Corporation
  • Global surgical corporation
  • TAKAGI SEIKO CO., LTD.
  • Carl Zeiss
  • Topcon Medical Systems, Inc.

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