Operating Microscope Market
Global Operating Microscope Market Size, Share & Trends Analysis Report by Application (Neuro & Spine Surgery, Ear, Nose, & Throat (ENT) Surgery, Ophthalmology, Plastic and Reconstructive Surgery, Oncology, and Other) by End-User (Hospitals, Outpatient Facilities) Forecast period (2021-2027) Update Available - Forecast 2024-2030
The global operating microscope market is anticipated to exhibit considerable CAGR of 11.3% during the forecast period (2021-2027). An operating microscope is an optical microscope specifically designed to be used in a surgical setting. The rising number of surgeries across the globe owing to the growing prevalence of medical disorders such as eye disorders, heart disorder and cancer among other has driven the growth of the global operating microscope market. As per the American Society of Plastic Surgeons, around 1.81 million cosmetic surgeries were performed in 2018 as compared to 1.79 million in 2017.
Technological advancements in these microscopes to improve vision, stability, sizing, positioning, and recording capabilities for better result outcomes is further contributing to the growth of the operating microscope market. The increasing penetration of high quality healthcare services in the middle & low-cost economies is anticipated to create huge opportunities to the growth of the global operating microscope market.
Impact of COVID-19 pandemic on operating microscope industry
The COVID-19 pandemic has made negative impact on the growth of the operating microscope market. According to the World Economic Forum, 28 million elective surgeries across the globe had cancelled during 12 weeks of peak disruption during the COVID-19 pandemic. Study indicates that each extra week of disruption is associated with 2.4 million cancellations. As per the same source, 38% of global cancer surgery has been postponed or cancelled. The decline in the number of surgical procedures across the globe owing to cancellation and delay of unnecessary surgical procedures is a key factor that has declined the growth of the operating microscope market.
Segmental Outlook
The operating microscope market is segmented on the basis of application and end-user. Based on application, the operating microscope market is segmented into neuro & spine surgery, ear, nose, & throat (ENT) surgery, ophthalmology, plastic and reconstructive surgery, oncology, and other. Based on end user, the operating microscope market is segmented into hospitals and outpatient facilities. Hospitals held major market share in the operating microscope based on end-use. The high access of hospitals to a large patient pool is a key factor that contributes to the high share of this market segment.
Opthalmology held Considerable Share based on Application
The ophthalmology segment held considerable share in operating microscope market based on application. The rising prevalence of eye disorders across the globe owing to the growing geriatric disorders is a key factor driving the growth of operating microscope in ophthalmology surgeries. The ENT surgery segment is anticipated to exhibit considerable growth during the forecast period. According to the Children’s Hospital of Philadelphia, tympanostomy tube insertion surgery is the most commonly performed surgery in children in the US. More than 4,000 ear tube surgeries are performed each year at the hospital. Hence, the considerable rise in the number of ENT procedures is likely to drive the growth of this market segment.
Global Operating Microscope Market Share by Application, 2020 (%)
Regional Outlook
The global operating microscope market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. In 2020, the North America held considerable market share of XX% in operating microscope market. Presence of well-developed healthcare infrastructure and high number of surgical procedures across the region is a key factor driving the growth of the operating microscope market. The increasing geriatric population which is more prone to several disorders are some key factors that are driving the growth of the regional operating microscope market.
Global Operating microscope Market Growth, by Region 2021-2027
Asia-Pacific Will Augment With the Significant Growth Rate in the Operating Microscope Market
Asia-Pacific market is anticipated to showcase the highest CAGR during the forecast period. Increasing cases related to CVD and heart attack, cancer, glaucoma; increasing healthcare infrastructure; and increasing unhealthy lifestyles among people in the region are some of the major factors for the growth of the market in the region. The increasing medical tourism and improving healthcare infrastructure are also contributing significantly to the growth of the operating microscope market in the region. The developing economies of Asia-Pacific, especially China, Japan, and India are investing significantly in the development of innovative therapeutic and medical devices which in turn is further anticipated to drive the growth of the regional market.
Market Players Outlook
The key players in the global operating microscope market contributing significantly by providing different types of products and increasing their geographical presence across the globe. The key players of the market are Olympus Corp., Alcon, Inc., ARI Medical Technology Co., Ltd., BHS Technologies GmbH, and Carl Zeiss Meditec AG, among others. To remain competitive in the market and to generate major revenue, these market players adopt different marketing strategies such as mergers and acquisitions, R&D, product launches, partnership collaboration, and geographical expansions so on.
Recent Development
- In October 2020, Med X Change, Inc. had launched 4Klear, a 4K Camera & Medical Video Recorder All-In-One Solution for surgical microscopes. Two products in one; simplifies use, reduces cost, delivers unparalleled Native 4K image quality.
- In September 2020, True Digital Surgeryand Aesculap, Inc. has announced the availability of Aesculap Aeos Robotic Digital Microscope in the US. This innovative platform enables surgeons to execute precision movements in certain procedures, including neurosurgery, spine, and ear, nose and throat operations, through a multi-axis robotic arm.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global operating microscope market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Surgical Operating Microscope Industry
• Recovery Scenario of Global Surgical Operating Microscope Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Impact of COVID on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Surgical Operating Microscope Market by Application
5.1.1. Neuro & Spine Surgery
5.1.2. Ear, Nose, & Throat (ENT) Surgery
5.1.3. Ophthalmology
5.1.4. Plastic and Reconstructive Surgery
5.1.5. Oncology
5.1.6. Other
5.2. Global Surgical Operating Microscope Market by End-Use
5.2.1. Hospitals
5.2.2. Outpatient Facilities
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Accu-Scope Inc.
7.2. Aesculap, Inc. – a B. Braun company
7.3. Alcon, Inc.
7.4. Alltion (Wuzhou) Co., Ltd.
7.5. ARI Medical Technology Co., Ltd.
7.6. Arri Medical (Arri Group)
7.7. BHS Technologies GmbH
7.8. Carl Zeiss Meditec AG
7.9. Chammed Co., Ltd.
7.10. Danaher Corp.
7.11. Haag-Streit USA
7.12. Hagg-Streit Surgical GmbH
7.13. Karl Kaps GmbH & Co. KgG
7.14. Leica Microsystems GmbH
7.15. Novartis AG
7.16. Olympus Corp.
7.17. Seiler Instrument, Inc.
7.18. Synaptive Medical
7.19. Takagi Seiko Co., Ltd.
7.20. Topcon Corp.
1. GLOBAL SURGICAL OPERATING MICROSCOPE MARKET BY APPLICATION, 2020-2027 ($ MILLION)
2. GLOBAL SURGICAL OPERATING MICROSCOPE FOR NEURO & SPINE SURGERY MARKET BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL SURGICAL OPERATING MICROSCOPE FOR EAR, NOSE, & THROAT (ENT) SURGERY MARKET BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL SURGICAL OPERATING MICROSCOPE FOR OPTHALMOLOGY SURGERY MARKET BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL SURGICAL OPERATING MICROSCOPE FOR PLASTIC & RECONSTRUCTIVE SURGERY MARKET BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL SURGICAL OPERATING MICROSCOPE FOR ONCOLOGY SURGERY MARKET BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL SURGICAL OPERATING MICROSCOPE FOR OTHER SURGERY MARKET BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL SURGICAL OPERATING MICROSCOPE MARKET BY END-USE, 2020-2027 ($ MILLION)
9. GLOBAL SURGICAL OPERATING MICROSCOPE FOR HOSPITALS MARKET BY REGION,2020-2027 ($ MILLION)
10. GLOBAL SURGICAL OPERATING MICROSCOPE FOR OUTPATIENT FACILITIES MARKET BY REGION,2020-2027 ($ MILLION)
11. GLOBAL SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
13. NORTH AMERICAN SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY END-USE, 2020-2027 ($ MILLION)
14. NORTH AMERICAN SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. EUROPEAN SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
16. EUROPEAN SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY END-USE, 2020-2027 ($ MILLION)
17. EUROPEAN SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY END-USE, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. REST OF THE WORLD SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
22. REST OF THE WORLD SURGICAL OPERATING MICROSCOPE MARKET RESEARCH AND ANALYSIS BY END-USE, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SURGICAL OPERATING MICROSCOPE MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SURGICAL OPERATING MICROSCOPE MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL SURGICAL OPERATING MICROSCOPE MARKET, 2021-2027 (%)
4. GLOBAL SURGICAL OPERATING MICROSCOPE MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
5. GLOBAL SURGICAL OPERATING MICROSCOPE MARKET SHARE BY END-USE, 2020 VS 2027 (%)
6. GLOBAL SURGICAL OPERATING MICROSCOPE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027, (%)
7. GLOBAL SURGICAL OPERATING MICROSCOPE FOR NEURO & SPINE SURGERY MARKET BY REGION, 2020 VS 2027 (%)
8. GLOBAL SURGICAL OPERATING MICROSCOPE FOR EAR, NOSE, & THROAT (ENT) SURGERY MARKET BY REGION, 2020 VS 2027 (%)
9. GLOBAL SURGICAL OPERATING MICROSCOPE FOR OPTHALMOLOGY SURGERY MARKET BY REGION, 2020 VS 2027 (%)
10. GLOBAL SURGICAL OPERATING MICROSCOPE PLASTIC & RECONSTRUCTIVE SURGERY MARKET BY REGION, 2020 VS 2027 (%)
11. GLOBAL SURGICAL OPERATING MICROSCOPE FOR ONCOLOGY SURGERY MARKET BY REGION, 2020 VS 2027 (%)
12. GLOBAL SURGICAL OPERATING MICROSCOPE FOR OTHER SURGERY MARKET BY REGION, 2020 VS 2027 (%)
13. GLOBAL SURGICAL OPERATING MICROSCOPE FOR HOSPITALS MARKET BY REGION, 2020 VS 2027 (%)
14. GLOBAL SURGICAL OPERATING MICROSCOPE FOR OUTPATIENT FACILITIES MARKET BY REGION, 2020 VS 2027 (%)
15. GLOBAL SURGICAL OPERATING MICROSCOPE FOR POWER & ENERGY MARKET BY REGION, 2020 VS 2027 (%)
16. GLOBAL SURGICAL OPERATING MICROSCOPE FOR AVIATION MARKET BY REGION, 2020 VS 2027 (%)
17. GLOBAL SURGICAL OPERATING MICROSCOPE FOR MEDIA & ENTERTAINMENT MARKET BY REGION, 2020 VS 2027 (%)
18. US SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
19. CANADA MARKET SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
20. UK SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
21. GERMANY SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
22. SPAIN SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
23. FRANCE SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
24. ITALY SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
25. REST OF EUROPE SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
26. INDIA SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
27. CHINA SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
28. JAPAN SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
29. REST OF ASIA-PACIFIC SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
30. REST OF WORLD SURGICAL OPERATING MICROSCOPE MARKET SIZE, 2020-2027 ($ MILLION)
