The global surgical microscopes market size is expected to reach USD 7.34 billion by 2032, according to a new study by Polaris Market Research. The report “Surgical Microscopes Market Share, Size, Trends, Industry Analysis Report, By Type (On Casters, Wall Mounted, Tabletop, Ceiling Mounted); By Application; By Price Range; By End Use; By Region, And Segment Forecasts, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The surgical microscope, also called an operating microscope, is used to enhance the visibility of root canal intricacies to identify and extract broken instruments. This instrument boasts technical superiority in high-end optics and bright, shadow-free illumination and provides adjustable magnification and clear visualization of the surgical area.
The significant drivers of global market growth are the increasing number of surgeries, including cosmetic, laparoscopic, and neuro surgeries, as well as the rise in various types of cancer requiring more surgical procedures. Additionally, the development of new surgical instruments by many key players in the market contributes to this growth.
As per data from the Center for Disease Control and Prevention, 25.9% of individuals in the United States have experienced dental disorders. Consequently, the demand for surgical microscopes to identify infections is expected to increase with the burden of dental conditions, which is predicted to drive growth in the surgical microscope industry. Additionally, the surge in the geriatric population, which is prone to various diseases, and the increasing number of plastic surgeries that require surgical microscopes are also factors fuelling the forecasted growth of the surgical microscope market. The World Health Organization reports that approximately 235 billion major surgical procedures were conducted worldwide in 2019. For instance, in 2020 the National Cancer Statistics recorded 1,806,590 new cancer cases in the U.S.
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The rapid increase in the geriatric population is expected to fuel the growth of the surgical microscope market size, as it contributes to the rise in the number of surgeries performed. In 2020, the American Society of Plastic Surgeons reported 15.6 billion cosmetic surgeries. Moreover, the increase in product approvals is anticipated to create profitable opportunities for expanding the global surgical microscope market share during the forecast period.
Surgical Microscopes Market Report Highlights
Polaris Market Research has segmented surgical microscopes market report based on type, application, price range, end use, and region:
Surgical Microscopes, Type Outlook (Revenue - USD Billion, 2019-2032)
Surgical Microscopes, Application Outlook (Revenue - USD Billion, 2019-2032)
Surgical Microscopes, Price Range Outlook (Revenue - USD Billion, 2019-2032)
Surgical Microscopes, End Use Outlook (Revenue - USD Billion, 2019-2032)
Surgical Microscopes, Regional Outlook (Revenue - USD Billion, 2019-2032)