The surgical/operating microscope is a medical equipment that provides bright illumination, clear visualization, and adjustable magnification of the surgical field, and they are being increasingly utilized in operating theaters. Cutting-edge surgical microscopes are integrated with multiple imaging modalities, including augmented reality (AR), fluorescence imaging, and optical coherence tomography (OCT) for image-guided surgery. The global surgical microscopes market is estimated to grow at a decent growth rate during the forecast period, owing to key technological advancements in surgical microscopes, surge in R&D funding, rise in demand for ophthalmic surgery microscopes, and increase in prevalence of chronic diseases.
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Exponential Rise in Surgical Procedures to Boost Demand for Surgical Microscopes Worldwide
Notable rise in the number of surgeries, primarily attributed to the significant increase in geriatric population across the globe, is expected to propel the surgical microscopes market. For instance, as per data published by World Health Organization (WHO), between 2015 and 2050, the proportion of the global population of over 60 years would almost double from 12% to 22%. Furthermore, some countries in Asia, such as Japan, are also dealing with ageing populations. Currently, almost 25% of Japan’s population is above the age of 65, and this population is expected to surge up to 40% by 2060.
According to the Eurostat, a Directorate-General of the European Commission located in the Luxembourg, at least 1.16 million caesarean sections were performed across the 27 European Union countries in 2018. Moreover, as per the American Society of Plastic Surgeons, a significant plastic surgery specialty organization across the globe, nearly 15.6 million cosmetic surgeries were carried out in 2020.
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Urology Segment to Create Lucrative Opportunities in Global Surgical Microscopes Market
Prevalence and incidence of urological conditions, including end-stage renal disease (ESRD), chronic kidney disease (CKD), kidney and ureteral stones, bladder and prostate cancer, and urinary incontinence have been increasing dramatically across the globe for the past few years. As per research conducted by Global Forum on Incontinence – (GFI), a platform for education and debate around continence care, almost 4% to 8% of the global population (nearly 400 million individuals) were suffering from urinary incontinence in 2018. The prevalence of urinary incontinence is projected to increase, owing to a surge in incidence of obesity, as this is the major risk factor for urinary incontinence. This is anticipated to propel the market.
Additionally, key players across the globe are also launching novel strategies in order to strengthen their position and offer advanced products to end-users. For instance, Boston Scientific announced the official launch of LithoVue, a flexible, digital, single-use ureteroscope for minimally invasive surgery in order to diagnose and treat stones and other disorders of the ureter, bladder, and kidneys.
Rise in Demand for On Casters Microscopes Due to Repositioning Functionality and Effective Maneuvering
In terms of product, the global surgical microscopes market has been bifurcated into on casters and wall & celling mounted. The on casters segment held a major share of almost 70% of the market in 2021. The segment is estimated to grow consistently at a CAGR of 8% during the forecast period. This growth is primarily due to the key advantages offered by on caster microscope, such as repositioning functionality and effective maneuvering that require less effort, which helps reduce the duration of surgical procedures.
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Increase in Use of Surgical Microscopes in Oncology to Propel Global Market
Based on application, the global surgical microscopes market has been classified into dentistry, ENT surgery, neurosurgery, oncology, plastic & reconstructive surgeries, ophthalmology, and other surgeries. The oncology segment dominated the global surgical microscopes market and held around 21.6% share in 2021. Significant rise in incidence of cancer, globally, is one of the prominent factors that is estimated to fuel the segment during the forecast period.
Furthermore, key technological innovations are expected to drive the demand for surgical microscopes globally. For instance, in April 2019, Leica Microsystems, a Germany-based microscope manufacturing company, received DeNovo clearance from the U.S. FDA to commercialize its ‘FL400 surgical microscope’. This microscope plays a key role in differentiating malignant glioma tissue from normal brain tissue.
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