According to The Insight Partners’ research, the global surgical microscopes market was valued at US$ 578.5 billion in 2017 and is expected to expand at 12.4% CAGR over 2018–2025 to account for US$ 1,452.4 million by 2025. Rising demand of minimally invasive surgeries, increasing number of surgical procedures, and growing technological advancements in surgical microscopes are the key factors responsible for market proliferation.
A minimally invasive medical procedure is generally carried out by entering the device in body through the skin or through a body cavity or anatomical opening, but with the smallest damage possible to these structures. Minimally invasive surgeries have recently gained traction. Normally minimally invasive surgery is implemented using an endoscope or a surgical microscope used to visualize minute details in the anatomy of surgical sites. There has been a rise in the number of people opting for minimally invasive surgeries. This denotes the growth of minimally invasive surgeries, thereby conducting a favorable scenario for the growth of the surgical microscopes market.
Growing number of surgical procedures has propelled the use of microscopy equipment. Factors such as rising work pressure, stress, improper eating habits, heredity, and exposure to chemicals cause chronic diseases. The increasing number of surgical procedures is likely to enhance the adoption rates and subsequently foster the growth of global surgical microscopes market over the forecast years.
Modern surgeries rely on skilled professionals using state-of-the-art technology-based advanced surgical equipment to gain effective and accurate treatment outcomes. The initiatives undertaken by the market players to bring about technological advancements and changes in clinical microscopic practices are likely to propel the market for surgical microscopes in the years to come.
On the other hand, lack of skilled professionals and high cost of equipment associated with surgical microscopes are factors likely to hinder market growth.
Based on type, the market sphere is split into wall mounted, table top, ceiling mounted, and on casters market. Among these, the on casters market segment held a significant share in 2017, amassing US$ 295.3 million in revenue. This segment is anticipated to expand at 12.66% CAGR and accrue US$ 753.5 million by 2025.
