The global surgical microscope market was valued at USD 963.0 million in 2020 and is expected to grow at a CAGR of 10.8% during the forecast period. A surgical microscope is an optical, binocular that is specifically used to obtain good visibility of the minute structures in the operating field to perform delicate surgeries. Surgical microscopes are widely used in the fields of neurosurgery, ophthalmology, dentistry, oncology, and urology among other applications.

Minimally invasive surgeries are gaining widespread acceptance among patients and medical practitioners on account of lesser blood loss, accuracy, smaller incisions, decreased scarring, lesser rehabilitation time, and faster recovery, thereby fueling the growth of the industry. Furthermore, the increasing geriatric population requiring surgeries for age-related diseases, and the rapidly increasing patient population with cancer, neurological, and cardiovascular disorders is boosting industry growth.

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An increase in awareness about dental care, vision, and eyesight coupled with the increasing number of out-patient facilities has further augmented industry growth. Also, increasing R&D activities for the development of surgical microscopes, technological advancements in the surgical microscopes such as portability, stability, and visibility and the use of the product in newer types of surgeries drive the industry growth.

In addition, rapidly improving healthcare infrastructure and increasing per capita healthcare expenditure across the globe bolster the market growth. However, decreased adoption of surgical microscopes due to high costs in developing economies and limited technical knowledge are the factors hindering the market growth. Nevertheless, emerging market in developing countries and newer innovative fields of application provide numerous opportunities for growth.

Surgical Microscope Market Report Scope

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Insight by Product

The global surgical microscope market is segmented on the basis of product, application, end-use, and region. Based on the product type, the market is categorized into ophthalmic, Ear, Nose, and Throat (ENT), and colposcopy. The ear, nose, and throat segments have strong demand potential due to growing concerns among the population about the spread of infectious diseases.

Insight by Application

Based on application, the market is divided into neuro and spine surgery, ENT surgery, dentistry, oncology, gynecology, urology, ophthalmology, plastic & reconstructive surgeries, and others. The market for the dentistry segment is expanding due to the rise in the personal care industry and awareness about oral health among the population.

Insight by End-Use

On the basis of end-use, the global market is further categorized into hospital, ambulatory surgical centers, and outpatient settings. Owing to the reduction in treatment cost the ambulatory surgical centers are anticipated to registered substantial growth over the forecast period.

Regional Analysis

The report analyzes the global market across North America, Germany, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is further segmented into U.S. and Canada. Europe is divided into Germany, the UK, Russia, and the Rest of Europe.

Asia Pacific is bifurcated into Japan, China, and Rest of Asia-Pacific. Latin America is categorized into Brazil, Mexico, and the Rest of Latin America. Middle East & Africa comprise South Africa, Saudi Arabia, and the Rest of Middle East & Africa. North America accounted for the largest share in the global surgical microscope market in 2020.

Competitive Landscape

The key players in the industry include Carl Zeiss AG, Leica Microsystems, Takagi Corporation, Seiler Precision Microscopes, Topcon Corporation, Alltion (Wuzhou) Co. Ltd., Alcon Laboratories, Inc., Haag-Streit Surgical, Olympus Corporation, Accu-scope, Inc., Novartis AG, Danaher Corporation, Labomed Microscopes, Prescott’s Inc., and Bruker Corporation. The major players have adopted such as strategies such as new product launches and acquisitions among others to gain a competitive edge.