Surgical Microscopes Market 2021 Analysis by Top Manufacturers - Carl Zeiss AG, Leica Microsystems, Olympus, Topcon Corporation

The Surgical Microscopes Market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive landscape, sales analysis, the impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and new innovations.

The surgical microscope market was valued at approximately USD 945 million in 2020, and it is expected to reach USD 1758 million by 2026, registering a CAGR of 10.89% over the forecast period, 2021-2026.

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.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendors/key players in the market. Top Companies in the Global Surgical Microscopes Market: Carl Zeiss AG, Leica Microsystems, Olympus, Topcon Corporation, Haag-Streit Surgical, Takagi Seiko, Zhenjiang Yihua Operation Instrument, Seiler Medical, Alltion (Wuzhou), Karl Kaps and others.

Industry News and Updates:

In October 2020, Takagi Ophthalmic Instruments Europe Ltd launched the OM-6 Operating Microscope. OM-6 is the most excellent entry-level operating microscope, offering the world’s first LED light source in the entry-level/compact ophthalmic operating microscope.

In September 2020, True Digital Surgery (TDS) launched the Aesculap Aeos Robotic Digital Microscope. The Aesculap Aeos Robotic Digital Microscope adds state-of-the-art software capabilities, providing a 3D digital visualization display, customizable Image Modes functionality, and fluorescence backlighting to enhance the precision needs that surgeons require for complex surgical procedures.

Market Segmentation:

This report segments the global Surgical Microscopes market on the basis of Type are:
Neurosurgery
ENT Surgery
Spine Surgery
Plastic and Reconstructive Surgery

On the basis of Application, the Global Surgical Microscopes market is segmented into:
Hospitals
Ambulatory Surgical Centers
Clinics & Physician Offices

Regional Analysis:

North America is Expected to Dominate the Market Over the Forecast Period

The overall market growth of the region is vastly attributed to the United States. This is owing 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.

Moreover, the burden of chronic illnesses, like cancer, cardiovascular diseases (CVD), and neurological diseases, is huge in the United States (US). The Centers for Disease Control and Prevention (CDC) estimates that between 2010 and 2020, the number of new cancer cases in the country may go up by about 24% in men to more than 1 million cases per year, and by about 21% in women to more than 900,000 cases per year. Thus, the rising prevalence of chronic disorders and the complexity of their treatment have led to the adoption of advanced techniques that involve the use of surgical microscopes.

The introduction of technologically advanced products is boosting the demand for surgical microscopes as they offer better illumination sources, are more precise, and provide options for customization and technology integration based on the complexity of the procedures. For instance, in 2018, Med X Change Inc. launched the 4Klear, a 4K Camera & Medical Video Recorder All-In-One Solution for surgical microscopes. Two products in one simplifies use, reduces cost, and delivers unparalleled Native 4K image quality. Thus, such technologically advanced product launches are expected to boost the regional market growth.

However, the rising number of cases of COVID-19 is expected to have a negative impact on the growth of the North American surgical microscopes market due to the affected supply chains of most companies. Furthermore, the guidance recommended that the usage of equipment like surgical microscopes was temporarily halted to curb the contamination of the virus through surgical equipment. However, as surgical instruments such as colonoscopes and endoscopes are essential components of surgical services, the impact is not expected to be long-term. 

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Surgical Microscopes Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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