Surgical Microscopes Market Size Worth $7.34 Billion By 2032 | CAGR: 13.00%

Surgical Microscopes Market Size Worth $7.34 Billion By 2032 | CAGR: 13.00%

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, 2024-2032” 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

  • In 2022, the on-casters segment of surgical microscopes held the highest market share. The demand for on-casters microscopes is increasing due to their ability to occupy less floor space and allow surgeons to move them in any direction.
  • The urology segment is anticipated to have the largest market share of surgical microscopes during forecast period. It is due to the increasing incidence of urological conditions worldwide, which necessitate surgical microscopes for both diagnosis and treatment. The rising demand for surgical microscopes in the field of urology can be attributed to the high prevalence of urinary tract infections, kidney stones, prostate cancer, and other urological diseases.
  • During the forecast period, the regional growth of the surgical microscopes market in North America is expected to be significantly driven by the region's high prevalence of ophthalmic and neurological disorders.
  • The Asia Pacific region is expected to experience market growth driven by various factors, such as government policies to improve the healthcare system and the rapid economic development of several regional countries. These factors are anticipated to boost market growth in the forecast period.

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)

  • On Casters
  • Wall Mounted
  • Tabletop
  • Ceiling Mounted

Surgical Microscopes, Application Outlook (Revenue - USD Billion, 2019-2032)

  • Neurosurgery and Spine Surgery
  • ENT Surgery
  • Dentistry
  • Gynecology
  • Urology
  • Oncology
  • Ophthalmology
  • Plastic & Reconstructive Surgeries
  • Other Surgeries

Surgical Microscopes, Price Range Outlook (Revenue - USD Billion, 2019-2032)

  • Low-Range
  • Mid-Range
  • Premium-Range

Surgical Microscopes, End Use Outlook (Revenue - USD Billion, 2019-2032)

  • Hospital
  • Outpatient Facilities
  • Ambulatory Centers
  • Clinics
  • Others

Surgical Microscopes, Regional Outlook (Revenue - USD Billion, 2019-2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa