Surgical Microscopes Market Revenue to reach ~US$ 1.3 billion by 2027, Manufacturers Focus on Performance and Portability of Products for Innovation: Transparency Market Research

USA - English

• USA - English

ALBANY, N.Y., July 19, 2021 /PRNewswire/ -- Surgical microscopes and other imaging technologies have become an integral part of various surgical practices. Specialties such as otolaryngology, plastic and reconstructive medicine, ophthalmology, gynecology, oncology, and urology are seeing rise in adoption of surgical microscopes that promise to boost the surgical outcomes. The focus on product performance has led manufacturers in the surgical microscopes market aim for higher imaging precision and surgeons' flexibility and comfort. Demand for new surgical intervention systems for cataract surgeries and retinal diseases in developing countries is a key trend boosting the surgical microscopes market. In untapped regions, the recurrent focus on improving surgical suites has kicked in new growth avenues, as the market research report of surgical microscopes observes.

Rise in number of tumor surgeries in hospitals, ambulatory surgical centers (ASCs), coupled with attractive reimbursement frameworks in some regions, is a major trend for the surgical microscopes market evolution. Another prominent push for demand has come from rapidly rising geriatric population.

In the backdrop of these healthcare trends and favorable disease epidemiology, research analysts at TMR project the size of the market to reach ~US$ 1.3 Bn by the end of 2027

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Key Findings of Surgical Microscopes Market Study

• Rise in Number of Surgeries in Hospitals and ASCs Look for Product Advancements: Advances in design of surgical suites and inclination of hospitals to adopt new technologies for improving surgical outcomes have led to continuous product advancements. The demand for high-precision surgical equipment has grown rapidly in the developed world. Thus, it is no surprise that surgical microscopy on casters is projected to hold the majority of global market share. However, the high cost has dampened demand to an extent. To circumvent this, many pioneers are endorsing the idea of value-for-money for newly launched products. Another key advancement is digitally-augmented reality microscope. Manufacturers looking to disrupt the surgical microscope market landscape will continue to unveil value-added products in order to attract surgeons. A case in point is the adoption of fluorescence image guided surgery.

Custom-development of microscopy solutions is likely to be a new trend. Aside from the performance, surgeons prefer surgical microscopes that have high portability and also that are low on maintenance.

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• Prevalence of Chronic Diseases Expands Applications of Surgical Microscopes: The burden of chronic diseases, such as those related to orthopedics and cancer, has spurred the number of people seeking surgical interventions world over. The trend has led to abundant opportunities for vendors and manufacturers. Especially in developed countries, with the U.S. being a key example, the demand for technologically-advanced surgical microscopy has been high. There also has been the demand for minimally invasive surgical procedures in emerging economies in recent years. Technologies such as optical coherence tomography (iOCT) have thus gathered traction.

Surgical Microscopes Market: Drivers

• Rise in elderly population has spurred the demand for surgeries in hospitals and ambulatory surgical centers (ASCs)
• The growing burden of chronic diseases is a key factor nudging governments and private healthcare providers to improve the overall infrastructure, driving R&D investments in surgical microscopes market
• Growing patients who seek surgical treatments for dental and retinal diseases or disorders have fuelled demand dynamics favourably

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Surgical Microscopes Market: Regional Growth Dynamics

• North America held the major share on the global stage
• Frequent product advancements and presence of robust healthcare services across the economies, especially in the U.S., are driving factors
• Throughput the forecast period, the regional market expected to continue its promising growth journey
• Asia Pacific likely to be emerging as potentially lucrative, mainly to widening target patient base
• The vast unmet need in elderly patient populations is one of the key accelerants for growth in the aforementioned market

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Surgical Microscopes Market: Competitive Dynamics

• ATMOS MedizinTechnik GmbH & Co. KG.
• Seiler Instrument Inc.
• Ecleris
• Takagi Ophthalmic Instruments Europe Ltd.
• Alcon
• TOPCON CORPORATION
• HAAG-STREIT GROUP
• Leica Microsystems
• ZEISS International

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About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

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