Surgical Microscopes Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 1.41 Billion |
| Market Size (2029) | USD 2.46 Billion |
| CAGR (2024 - 2029) | 11.77 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Surgical Microscopes Market Analysis
The Surgical Microscopes Market size is estimated at USD 1.41 billion in 2024, and is expected to reach USD 2.46 billion by 2029, growing at a CAGR of 11.77% during the forecast period (2024-2029).
The impact of COVID-19 in its initial phase was adverse to the market growth due to the cancellations of elective procedures, including surgeries worldwide. However, the market started to gain traction due to the resumption of surgical procedures. For instance, as per the report published by the Canadian Joint Replacement Registry (CJRR) in September 2023, more than 117,000 hip and knee replacements were performed in Canada in 2021-2022, which was 5.9% more compared to the pandemic period. Therefore, the COVID-19 pandemic had an adverse impact on the surgical microscopes market initially. However, after the limits were relaxed, the market expanded due to an increase in alternative management approaches for surgeries.
Factors driving the market include the increasing adoption of minimally invasive surgeries, the rising geriatric population and burden of chronic diseases, and technological advancements in surgical microscopes.
For instance, according to the study published by the Pediatric Surgery International Journal in March 2022, minimally invasive surgery (MIS) is frequently the preferred procedure for most abdominal and pelvic surgeries due to benefits like decreased morbidity and quicker recovery times. Similarly, according to an article published by the Journal of the American Academy of Orthopedic Surgeons in February 2023, there is a rapidly growing interest in minimally invasive surgery (MIS) of the foot and ankle. Such a rise in the adoption of MIS is expected to lead to increased usage of surgical microscopes, which is expected to boost the market’s growth over the study period.
Furthermore, the advancements in surgical microscopes improve the precision of these devices, which is expected to have high demand in operating theaters and is anticipated to propel the market’s growth. For instance, as per the report published by Corder in September 2023, integrating cutting-edge technology into neurosurgical microscopes sets them apart from traditional surgical microscopes. This advanced surgical instrument combines superior optics, lighting, and ergonomic design to provide surgeons with an excellent visual experience.
Hence, the factors mentioned above, such as the increasing adoption of minimally invasive surgeries and the key advancements in surgical microscopes, are expected to boost the market's growth. However, factors such as a lack of skilled professionals and low acceptance due to high costs are likely to hamper this growth over the forecast period.
Surgical Microscopes Market Trends
Ophthalmology Segment is Expected to Hold a Largest Share in the Market Over the Forecast Period
Surgical microscopes are crucial in ophthalmology for various procedures like cataract surgery, retinal surgery, corneal transplants, glaucoma surgery, and vitrectomy. The growing incidence of ophthalmologic disorders that require minimally invasive procedures and increasing research funding for eye and vision-related diseases is expected to increase the availability of advanced microscopes for ophthalmology surgeries, hence boosting the segment’s growth.
The growing incidence of eye disorders and ophthalmic surgeries is expected to boost the segment's growth. For instance, as per the Royal Australian and New Zealand College of Ophthalmologists (RANZCO) Pre-Budget Submission 2022-2023, the estimated prevalence of glaucoma in Australians over 50 years is approximately 2.2%. As per the same source, the prevalence of glaucoma in Australia is projected to increase to 379,000 patients by 2025.
Furthermore, according to the article published by the JAMA Ophthalmology Journal in June 2023, an estimated 9.60 million people in the United States had diabetic retinopathy, and 1.84 million people had vision-threatening diabetic retinopathy in 2021. These instances show the increasing burden of ophthalmology diseases and raise the need for surgeries, which is likely to propel the market growth in the segment over the study period.
In addition, the growing number of collaborations among the major players and advances in surgical microscopes in the segment are expected to boost the segment's growth. For instance, in August 2022, Heidelberg Engineering unveiled its first ophthalmic solution in the field of digital surgical microscopy in collaboration with Bausch+Lomb. Therefore, the growing eye disorders and market player strategies increase the demand for the usage of surgical microscopes which is expected to boost the market growth over the forecast period.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
The market's growth in the region is vastly attributed to the availability of highly advanced equipment, the presence of sophisticated facilities, skilled neurosurgeons and cosmetic surgeons, the increasing number of surgical facilities, the preference for outpatient settings, and the supportive reimbursement framework for medical treatments. Factors such as the rising prevalence of various chronic diseases increase the need for surgeries using surgical microscopes and are also expected to drive the market in the region.
The rising prevalence of cancer in the United States is projected to drive the demand for surgical microscopes to perform precise cancer surgeries in hospitals. For instance, according to the data published by the American Cancer Society (ACS), in January 2023, about 1,958,310 new cancer cases were projected to occur in the United States by the end of 2023, compared to 1,918,030 cases in 2022. Thus, the expected increase in cancer cases is anticipated to increase the adoption of surgical microscopes during the forecast period.
The active participation of prominent players in the launch of various advanced surgical microscopes in the region is also projected to drive market growth during the forecast period. For instance, in March 2023, Sight Sciences Inc. launched the Ergo-Series of the OMNI Surgical System, integrated with a surgical microscope to facilitate surgeons’ ability to perform minimally invasive, implant-free glaucoma procedures in adults with primary open-angle glaucoma. Thus, factors such as the rising prevalence of various chronic diseases and product launches increase the usage of surgical microscopes, which is expected to boost the market's growth in the region.
Surgical Microscopes Industry Overview
The surgical microscopes market is competitive and fragmented, with several major players distributed globally. Due to the technological advancements in the surgical microscope by the market players, the market is expected to grow globally. Some of the key players in the market include Alcon Inc, Alltion (Wuzhou) Co. Ltd, Metall Zug (Haag-Streit), Danaher Corporation, Olympus Corporation, Topcon Corporation, and Carl Zeiss AG.
Surgical Microscopes Market Leaders
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Metall Zug Group (Haag-Streit)
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Carl Zeiss AG
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Topcon Corporation
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Danaher Corporation (Leica Microsystems)
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Alcon Inc.
*Disclaimer: Major Players sorted in no particular order
Surgical Microscopes Market News
- March 2023: The Joseph N France General Hospital acquired a Leica M690 Surgical Operating Microscope System. This cutting-edge technology is set to revolutionize the surgical procedures performed at the hospital, leading to improved patient care and outcomes.
- January 2023: Leica Microsystems, one of the key players in microscope and image analysis solutions, entered into a distribution agreement with DB Surgical, Inc. that includes the expansion territories of North Carolina and South Carolina.
Surgical Microscopes Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Adoption of Minimally Invasive Surgeries
- 4.2.2 Rising Geriatric Population and Burden of Chronic Diseases
- 4.2.3 Technological Advancements in Surgical Microscopes
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4.3 Market Restraints
- 4.3.1 Lack of Skilled Professionals
- 4.3.2 Low Acceptance Owing to High Costs
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
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5.1 By Application
- 5.1.1 Dentistry
- 5.1.2 Gynecology and Urology
- 5.1.3 Ear, Nose, and Throat (ENT)
- 5.1.4 Neurosurgery and Spine Surgery
- 5.1.5 Ophthalmology
- 5.1.6 Plastic and Reconstructive Surgery
- 5.1.7 Other Applications
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5.2 By End User
- 5.2.1 Hospitals
- 5.2.2 Ambulatory Surgical Centers
- 5.2.3 Other End Users
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5.3 By Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Mexico
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Italy
- 5.3.2.5 Spain
- 5.3.2.6 Rest of Europe
- 5.3.3 Asia-Pacific
- 5.3.3.1 China
- 5.3.3.2 Japan
- 5.3.3.3 India
- 5.3.3.4 Australia
- 5.3.3.5 South Korea
- 5.3.3.6 Rest of Asia-Pacific
- 5.3.4 Middle East and Africa
- 5.3.4.1 GCC
- 5.3.4.2 South Africa
- 5.3.4.3 Rest of Middle East and Africa
- 5.3.5 South America
- 5.3.5.1 Brazil
- 5.3.5.2 Argentina
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Alcon Inc.
- 6.1.2 Alltion (Wuzhou) Co. Ltd
- 6.1.3 ARI Medical Technology Co. Ltd
- 6.1.4 ATMOS MedizinTechnik GmbH & Co. KG
- 6.1.5 Avante Health Solutions
- 6.1.6 Carl Zeiss AG
- 6.1.7 Labomed Inc.
- 6.1.8 Danaher Corporation (Leica Microsystems)
- 6.1.9 Metall Zug Group (Haag-Streit)
- 6.1.10 Olympus Corporation
- 6.1.11 Optofine Instruments Pvt. Ltd.
- 6.1.12 Seiler Instrument Inc.
- 6.1.13 Synaptive Medical
- 6.1.14 Takagi Seiko Co. Ltd.
- 6.1.15 Topcon Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Surgical Microscopes Industry Segmentation
As per the scope of the report, a surgical microscope is used to obtain good visualization of fine structures in the operating field. Surgical microscopes offer strain-free surgical procedures to surgeons. The surgical microscopes market is segmented by application (dentistry, gynecology and urology, ENT, neurosurgery and spine surgery, ophthalmology, plastic and reconstructive surgery, and other applications), end user (hospitals, ambulatory surgical centers, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally.
The report offers the value (in USD) for the above segments.
| By Application | Dentistry | |
| Gynecology and Urology | ||
| Ear, Nose, and Throat (ENT) | ||
| Neurosurgery and Spine Surgery | ||
| Ophthalmology | ||
| Plastic and Reconstructive Surgery | ||
| Other Applications | ||
| By End User | Hospitals | |
| Ambulatory Surgical Centers | ||
| Other End Users | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| By Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| By Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| By Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| By Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Surgical Microscopes Market Research FAQs
How big is the Surgical Microscopes Market?
The Surgical Microscopes Market size is expected to reach USD 1.41 billion in 2024 and grow at a CAGR of 11.77% to reach USD 2.46 billion by 2029.
What is the current Surgical Microscopes Market size?
In 2024, the Surgical Microscopes Market size is expected to reach USD 1.41 billion.
Who are the key players in Surgical Microscopes Market?
Metall Zug Group (Haag-Streit), Carl Zeiss AG, Topcon Corporation, Danaher Corporation (Leica Microsystems) and Alcon Inc. are the major companies operating in the Surgical Microscopes Market.
Which is the fastest growing region in Surgical Microscopes Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Surgical Microscopes Market?
In 2024, the North America accounts for the largest market share in Surgical Microscopes Market.
What years does this Surgical Microscopes Market cover, and what was the market size in 2023?
In 2023, the Surgical Microscopes Market size was estimated at USD 1.24 billion. The report covers the Surgical Microscopes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Surgical Microscopes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Surgical Microscope Industry Report
Statistics for the 2024 Surgical Microscope market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Surgical Microscope analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
