Cataract accounts for the world’s leading vision impairment cause, affecting approximately 12.6 million people and 52.6 million people who live with severe to mild blindness worldwide. Cataract treatment includes the surgical removal of cataract from eyes. Ophthalmic surgeries across the globe encompass the surgical microscopes. Microsurgeries incorporate this device to enlarge visualization through microscopic lenses and is widely applied in endodontic retreatment and anastomosis. The global surgical microscopes market was valued at $570 million in the year 2018. Surgical microscopes, also known as operating microscopes, provide magnifying view and incorporates a prism used to split light and provides scope of capturing video and photography of the ongoing surgical procedure. Operating microscopes are also used for different surgeries such as plastic and reconstructive surgery, ENT surgery, urology, neurosurgery, spine surgery, and many more. The demand for the surgical microscopes will experience a robust compound annual growth rate (CAGR) of 11.35% and grow at ease during the period of 2019-2025.
According to American Academy of Ophthalmology, cataract affects around 24.5 million Americans. Ophthalmic surgery becomes essential for imparting clear vision to the patients resulting in a wide scope lucrative demand for the global surgical microscopes market. As per the above mentioned report, North America held the largest regional share of 41% as of 2018. Advancement in modern surgical equipment and increasing benefits of microsurgeries such as minimal post-surgical wounds and pains and comparatively speedy healing have majorly boosted the surgical microscopes market in this region. Trending innovation in the oncology branch owing to the laser microsurgery and reconstructive microsurgery is approaching new heights. This application segment will witness a CAGR of 9.20% through to 2025.
· With increasing population there is higher risks of vision impairment owing to several diseases. Optical surgery is one of the accomplished treatments to restore vision with negligible damage to the eyes.
· Wide acceptance of the microsurgeries for different purposes owing to minimal body puncture, reduced infection risk, effectively faster recovery, less scars and bruises, and growing awareness among the people to opt for less painful treatment. As a result, it exerts huge demand for the global surgical microscopes market.
The establishment of operating microscopes engages huge capital investment which serves as a major challenge to the global market. Microsurgeries technically involves operating a limited area observed through microscopic lenses. This hinders the procedure as vision is restricted with no appropriate perception about in-depth invasion. This might cause serious medical complications and surgical errors with various health risks. Overcoming this drawback requires adequate knowledge concerning the appropriate usage of surgical microscopes and post-operative monitoring to dwarf any difficulties.
One of the most recent approaches in medical technology is ORBEYE’s surgical visualization with 4K and 3D technology to provide untethered and vivid image resolution to the ophthalmologists. One step ahead of the curve, this device allows to view minute body parts such as damaged blood vessels with effectively quick magnification enabling great visual experience. Another booming benefits is the flexibility of the surgeon to view details from various angles. With 3D-4K recording, precise and high quality surgical visualizing is possible for team workers and lab training education.
With innovative technology for accurate cataract surgery and correction of intraocular cataract lenses, ZEISS manufactures OPMI LUMERA and CALLISTO eye to offer solutions for advanced cataract diagnosis and surgery. The surgical microscope is connected with a computer assisted computer system to accomplish targeted refractive results reducing any associated risks. This advancement in the niche market is effectively boosting the surgical microscopes market income across the globe.
The leading market pioneers include Carl Zeiss, Leica Microsystems, Allition (Wuzhou), Takagi Corporation, Topcon, Alcon, HAAG-STREIT surgical, Seiler, ACCU-SCOPE, Inc., Olympus Corporation, and others.
Leica Microsystems is an internal manufacturing company of surgical microscopes and equipment for related product. They provide one step solution for microscope instruments and imaging technology for accurate analysis of microscopic specimens. With products such as light microscopes, digital microscopes, surgical microscopes, and many more, they offer high-tech solution and optical accuracy in the realm of modern medical industry.
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the surgical microscopes market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of surgical microscopes in surgical microscopes market, and their specific applications in different areas.
The global surgical microscopes market is segmented on the basis of mounting, specifications, application, and end-users. On the basis of mounting bifurcation include caster wall, table-top, ceiling, and others. Categorization based on specifications include magnification range, camera, illumination, imaging, and so on. By application the segmentation includes dentistry, plastic surgery, neurosurgery, and many others. Based on end-user this market can be divided into hospital, clinic, research, and others.
The surgical microscopes market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
• North America: The U.S., Canada, Mexico
• South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
• Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
• APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
• Middle East and Africa: Israel, South Africa, Saudi Arabia