Surgical Microscope Market Overall Study Report 2021-2028 | Carl Zeiss Meditec AG, Leica Microsystems, Takagi Seiko Co., Ltd., Topcon Corporation

Overview:

Surgical microscopes are used for performing microsurgeries with precision. The lenses used in these microscope offer magnification of 4 to 40x, stereoscopic vision and illuminated image of the area under surgery. Surgical microscopes come in different types such as table top, wall mounted, on casters and ceiling mounted. Microsurgeries can be performed with maximum precision using these microscope compared to other surgical instruments.

The global surgical microscope market was valued at US$ 777.8 million in 2020, and is expected to exhibit a CAGR of 9.4% over the forecast period (2021-2028).

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Drivers:

Key players in the market are adopting various strategies such as partnerships and collaborations as well as product launches which is expected to augment growth of the global surgical microscope market during the forecast period. For instance, in March 2018, Metall Zug Group announced acquisition of 70% of Haag-Streit Holding AG’s stake to strengthen product portfolio and regional presence of Metall Zug Group

In September 2017, Olympus Corporation launched introduced ORBEYE Surgical Microscope, which has 4k 3D video technology in U.S. and Japan to improve accuracy of surgery with its high resolution images of blood vessels and tissues.
Moreover, rise in the number of cosmetic and aesthetic surgeries performed by plastic surgeons is also expected to propel growth of the global surgical microscope market. For instance, in 2017, the International Study on Aesthetic Plastic Surgery (ISAPS) estimated that Brazil had around 5,500 plastic surgeons and around 7,205 facial rejuvenation surgeries were performed in the country in 2017.

Regional analysis:

North America is expected to witness significant growth in the global surgical market during the forecast period, as the market players are focusing on product launch and investment as well as acquisition and collaborations to strengthen their market presence. For instance, in September 2018, Leica Microsystems announced the launch of PROvido, which is a multifaceted microsurgery microscope. Due to this product launch Leica Microsystems’s product portfolio increased. Moreover, in June 2017, Seiler Medical, which is a segment of Seiler Instrument Inc., collaborated with Henry Schein, to distribute Seiler’s dental microscopes in the U.S.

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Key Takeaways:

The global market of surgical microscope is projected to have a CAGR of 9.4% during the forecast period due to growing use of strategic collaboration and acquisitions as well as frequent product launches by market players. For instance, in April 2017, Leica Microsystems announced the launch of augmented reality imaging technologies for surgical microscopes.

On casters sector among configurations witnesses a major growth in the surgical microscope market in 2018 due to introduction and advancement of technologically developed devices. For instance, in May 2019, Carl Zeiss Meditec AG introduced on casters ARTEVO 800, a first ever digital microscope developed for ophthalmic surgery.

Among end user, hospitals section dominated the surgical microscope market in 2018 due to growing neurosurgeries and spine surgeries. For instance, in April 2019, the Journal of Neurosurgery reported that neurological disorders affect around 22.6 million patients worldwide each year out of which 13.8 million patients need surgery.

Key players:

Key players active in the global surgical microscope market are Leica Microsystems, Topcon corporation, Alltion(Wuzhou) Co., Ltd., Seiler Precision Microscopes, CHAMMED, Carl Zeiss Meditec AG, Takagi Seiko Co., Ltd., Alcon, HAAG-STREIT SURGICAL, and ARI Medical Equipment Co., Ltd.

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