Surgical Microscopes Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
A surgical microscope is an electrically or mechanically operated optical microscope designed for use in surgical settings for performing microsurgeries. The combination of lenses provide stereoscopic vision, magnification ranging from 4x–40x, and illuminated image of the surgical area. Surgical microscopes is an applied science equipment design intended to maximize productivity by reducing surgical discomfort. Strain-free procedures, easy sterilization or disinfection to avoid cross infection prove to be helpful in increasing the diagnostic efficacy. The innovative modern surgical microscopes can be placed on a table top, worn by the surgeon on the head or mounted on a stand, which enables the surgeon and patient to gain a better view of the target site. The microscope finds its applications in dentistry, gynecology, ophthalmology urology, neurosurgery, spine surgery, oncology, reconstructive surgeries, etc.
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Need for high precision minimally invasive surgeries fuels surgical microscopes market growth
According to World Health Organization (WHO), 321.5 million surgical procedures were performed to address the burden of diseases globally, in 2015. Also, as per WHO statistics, cancer was the root cause of 8.8 million deaths in 2015. The aforementioned number is projected to rise by around 70% by 2035, which, in turn, is expected to augment the demand for surgical microscopes in the global market. Technological advancements in terms of enhanced visibility, portability, and stability are expected to be the key factors driving market growth. Some of the mother factors driving market growth include the wide use of fluorescence image-guided surgery (FIGS), rise in number of ophthalmic and dental surgeries, advancements in healthcare facilities, and customized microscopy solutions.
Strong government support to boost surgical microscopes market growth in Asia Pacific
Regional segmentation of the surgical microscopes market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. According to the American Society of Surgeons, 14.2 million minimally-invasive procedures were performed in 2015. Demand for minimally invasive surgical procedures and better healthcare facilities is significantly increasing in the region. In addition, availability of reimbursement facility over medical issues, prevalence of chronic diseases, sophisticated healthcare facilities and so on, augment the use of surgical microscopes in North America. According to the Cancer Atlas, 3 million cancer cases were registered in Asia Pacific. The region is expected to witness the fastest growth over the forecast period, owing to the forecasted economic growth in countries such as India and China coupled with strong government policies supporting healthcare sector.
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Technological innovations such as red reflex stability to play a vital role in boosting surgical microscopes market growth
Some of the key players operating in the surgical microscopes market are Carl Zeiss, Novartis AG, Leica Microsystems, and Allition. The acquisition of WaveTec Vision by Alcon had proved to strengthen its product portfolio in the ophthalmic surgical market. Other manufacturers leading the market with strategies such as new product launches, technological innovation, mergers and acquisition are Takagi Corporation, Accu-Scope Inc., Topcon, HAAG-STREIT SURGICAL, and Seiler. Red reflex stability is produced by ophthalmic surgical microscope, which improves illumination for precise visualization and enhanced surgical efficacy.
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