Surgical Microscopes Market

Surgical Microscopes Market by Application (Neuro and Spine Surgery, Plastic and Reconstructive Surgery, Ear, Nose, and Throat Surgery, Oncology, Urology, Documentations), End User (Hospitals, Outpatient Facility) - Global Forecast to 2021

Report Code: MD 3283 Jan, 2017, by marketsandmarkets.com

[115 Pages Report] The global surgical microscopes market is projected to reach USD 915.6 million by 2021 from USD 508.1 million in 2016, growing at a CAGR of 12.5% during the forecast period.

The global surgical/operating microscope market is segmented on the basis of application, end-user, and region. On the basis of applications, the Surgical/operating microscope market is broadly segmented into neuro and spine surgery, plastic and reconstructive surgery, ophthalmology, gynecology and urology, oncology, dentistry, ENT surgery, and documentation. The neuro and spine surgery segment is expected to account for the largest share of the global Surgical/operating microscope application market in 2016. Factors attributing to the growth of this segment are the increasing demand for surgical/operating microscopes in neurosurgery. However, oncology is the fastest-growing application for surgical/operating microscopes due to the increasing prevalence of cancer across the globe

Furthermore, based on end-user, the Surgical/operating microscope market is segmented into hospitals, and outpatient facilities. The hospitals segment is expected to account for the largest share of the Surgical/operating microscope end-user market in 2016. Growth in this segment can be attributed to the increasing demand for minimally invasive surgeries worldwide.

Market Dynamics

Drivers

  • Increasing use of fluorescence image-guided surgery (FIGS)
  • Increase in the number of surgeries and growing demand for MIS
  • Advancements in healthcare facilities
  • Technological advancements
  • Customized microscopy solutions

Restraints

  • High cost of advanced surgical/operating microscopes
  • Implementation of excise tax by the U.S. government
  • Heavy custom duties on medical devices

Opportunities

  • Emerging Markets (China, India, Brazil, and the Middle East)
  • Broadened applications of surgical/operating microscopes

Challenges

  • High degree of technical expertise

Technological Advancements

Manufacturers of surgical/operating microscopes are continuously focusing on improving their technologies to help surgeons perform surgeries effectively in shorter time durations. The table below lists recent technological advancements in surgical/operating microscopes:

Surgical/Operating Microscopes Market

To know about the assumptions considered for the study, download the pdf brochure

The Surgical microscope market is dominated by established players such as Novartis AG (Switzerland), Danaher (U.S.), Topcon (Japan), Carl Zeiss Ag (Germany), and Haag-Streit Surgical GmbH (Germany).

Stakeholders

  • Hospitals and clinics
  • Research Institutes and clinical research organizations (CROs)
  • Market Research and consulting firms
  • Authorities framing reimbursement policies for use of cancer diagnostics
  • Companies offering platforms/technologies for cancer diagnosis
  • Market research and consulting firms

Scope of the Report

  • The market study doesn’t cover the market size in terms of volume
  • Some companies in this market are privately owned and their revenues are not available in the public domain. Hence, revenue for those companies are not included in this report
  • Company developments not reported in the public domain are not included in this report

Surgical/Operating Microscopes Market

Market Segmentation

This research report categorizes the Surgical microscope market on the basis of application, end user and region

Global Surgical microscopes Market, by Application

  • Neuro and Spine Surgery
  • Plastic and Reconstructive Surgery
  • Ophthalmology
  • Gynecology and Urology
  • Oncology
  • ENT Surgery
  • Dentistry
  • Documentation

Global Surgical microscopes Market, by End User

  • Hospitals
  • Outpatient Facilities

Global Surgical microscopes Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • ROE
  • Asia-Pacific
    • China
    • India
    • Rest of Asia-Pacific
    • Rest of the World (RoW)

    Available Customizations

    With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
    Company Information

    • Detailed analysis and profiling of additional market players (Up to 5)

    The global surgical microscopes market is projected to reach USD 915.6 million by 2021 from USD 508.1 million in 2016, growing at a CAGR of 12.5% during the forecast period.

    Growth in the surgical microscopes market is driven by the increasing number of cancer cases, growing utility of biomarker in tumor profiling, and availability of funding for cancer research. In addition, the introduction and adoption of point-of-care diagnostic tests and development of personalized medicine are expected to offer growth opportunities for manufacturers of SURGICAL/OPERATING MICROSCOPEs solutions. However, high capital investments and low benefit ratio of biomarkers are restraining the growth of this market.

    The surgical/operating microscopes market is segmented on the basis of application, end users, and region. Based on application, the market is segmented into neuro and spine surgery, plastic and reconstructive surgery, ophthalmology, gynecology and urology, oncology, dentistry, ENT surgery, and documentation. Neuro and spine surgery was the major application segment of the market in 2016; this is due to the increasing demand for surgical/operating microscopes in neurosurgery. However, oncology is the fastest-growing application for surgical/operating microscopes due to the increasing prevalence of cancer across the globe.

    Based on end users, the surgical/operating microscopes market is divided into hospitals and outpatient facilities. Hospitals are estimated to account for the largest share of the global surgical/operating microscopes market. The large share of this segment can be attributed to the growing usage of surgical/operating microscopes in complex neurology, ENT, and dental procedures, and implementation of less-invasive surgical instruments during MIS procedures in hospitals.

    Surgical/Operating Microscopes Market

    Geographically, North America is expected to account for the largest share of the surgical/operating microscopes market in 2016. Factors such as the growing demand for minimally invasive surgical procedures, infrastructural advancements in healthcare facilities, and increase in the number of surgeries are driving the growth of the North American surgical/operating microscopes market. However, the implementation of excise tax by the government and the dearth of skilled labor are the major factors restraining the growth of this market. Compared to the mature markets, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Growth in this market is propelled by factors such as improving R&D infrastructure, rising focus of market players on this region, and increasing government initiatives.

    Battle for Market Share: Product Launch Was the Key Strategy Adopted by Market Players Between 2014 & 2016

    Surgical/Operating Microscopes Market

    Major players operating in the surgical microscopes market include Novartis Ag (Switzerland), Danaher Corporation (U.S.), Topcon Corporation (Japan), Carl Zeiss AG (Germany), and Hagg-Streit Surgical GMBH (MΦLLER-WEDEL GMBH) (Germany).

    To speak to our analyst for a discussion on the above findings, click Speak to Analyst

  • Table of Contents

    1 Introduction (Page No. - 11)
        1.1 Objectives of the Study
        1.2 Market Scope
               1.2.1 Markets Covered
               1.2.2 Years Considered for the Study
        1.3 Currency
        1.4 Limitations
        1.5 Stakeholders

    2 Research Methodology (Page No. - 14)
        2.1 Market Size Estimation
        2.2 Market Breakdown and Data Triangulation
               2.2.1 Key Data From Secondary Sources
               2.2.2 Key Data From Primary Sources
                        2.2.2.1 Key Industry Insights
                        2.2.2.2 Assumptions for the Study
        2.3 Macroeconomic Factor Analysis
               2.3.1 Introduction
               2.3.2 Demand-Side Analysis
                        2.3.2.1 Health Care Expenditure Pattern
                        2.3.2.2 Increasing Number of New Cancer Cases

    3 Executive Summary (Page No. - 24)

    4 Premium Insights (Page No. - 28)
        4.1 Market to Witness High Growth in the Forecast Period
        4.2 Market, By Application
        4.3 Market, By End User
        4.4 Market, By Region

    5 Market Overview (Page No. - 31)
        5.1 Introduction
        5.2 Market Dynamics
               5.2.1 Drivers
                        5.2.1.1 Increasing Use of Fluorescence Image-Guided Surgery (FIGS)
                        5.2.1.2 Increase in the Number of Surgeries and Growing Demand for Mis
                        5.2.1.3 Advancements in Healthcare Facilities
                        5.2.1.4 Technological Advancements
                        5.2.1.5 Customized Microscopy Solutions
               5.2.2 Restraints
                        5.2.2.1 High Cost of Advanced Operating Microscopes
                        5.2.2.2 Implementation of Excise Tax By the U.S. Government
                        5.2.2.3 Heavy Custom Duties on Medical Devices
               5.2.3 Opportunities
                        5.2.3.1 Emerging Markets (China, India, Brazil, and the Middle East)
                        5.2.3.2 Broadened Applications of Operating Microscopes
               5.2.4 Challenges
                        5.2.4.1 High Degree of Technical Expertise

    6 Surgical Microscopes Market, By Application (Page No. - 37)
        6.1 Introduction
        6.2 Neuro and Spine Surgery
        6.3 Plastic and Reconstructive Surgery
        6.4 Ophthalmology
        6.5 Gynecology and Urology
        6.6 Oncology
        6.7 Ear, Nose, and Throat (ENT) Surgery
        6.8 Dentistry
        6.9 Documentation

    7 Surgical Microscopes Market, By End User (Page No. - 53)
        7.1 Introduction
        7.2 Hospitals
        7.3 Outpatient Facilities

    8 Surgical Microscopes Market, By Region (Page No. - 59)
        8.1 Introduction
        8.2 North America
               8.2.1 U.S.
               8.2.2 Canada
        8.3 Europe
               8.3.1 Germany
               8.3.2 U.K.
               8.3.3 RoE (Rest of Europe)
        8.4 Asia-Pacific
               8.4.1 China
               8.4.2 India
               8.4.3 RoAPAC (Rest of APAC)
        8.5 Rest of the World (RoW)

    9 Competitive Landscape (Page No. - 81)
        9.1 Overview
        9.2 Battle for Market Share: Product Launch Was the Key Strategy Adopted By Market Players Between 2014 & 2016
        9.3 Product Launches
        9.4 Agreements and Collaborations
        9.5 Other Strategies

    10 Company Profiles (Page No. - 85)
    (Overview, Products and Services, Financials, Strategy & Development)*
         10.1 Introduction
         10.2 Novartis AG
         10.3 Danaher Corporation
         10.4 Topcon Corporation
         10.5 Carl Zeiss AG
         10.6 Haag-Streit Surgical GmbH (Mφller-Wedel GmbH)
         10.7 Accu-Scope Inc.
         10.8 Alltion (Wuzhou) Co., Ltd.
         10.9 Arri Medical (Arri Group)
         10.10 Karl Kaps GmbH & Co. Kg
         10.11 Takagi Seiko Co. Ltd.

    *Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

    11 Appendix (Page No. - 104)
         11.1 Insights of Industry Experts
         11.2 Discussion Guide
         11.3 Other Developments
         11.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
         11.5 Introducing RT: Real-Time Market Intelligence
         11.6 Available Customizations
         11.7 Related Reports
         11.8 Author Details


    List of Tables (69 Tables)

    Table 1 Global Operating Microscopes Market Snapshot (2016 vs 2021)
    Table 2 Technological Advancements
    Table 3 Operating Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 4 Operating Microscopes Market Size for Neuro and Spine Surgery, By Region, 2014–2021 (USD Million)
    Table 5 North America: Operating Microscopes Market Size for Neuro and Spine Surgery, By Country, 2014–2021 (USD Million)
    Table 6 Europe: Operating Microscopes Market Size for Neuro and Spine Surgery, By Country/Region, 2014–2021 (USD Million)
    Table 7 Asia-Pacific: Operating Microscopes Market Size for Neuro and Spine Surgery, By Country/Region, 2014–2021 (USD Million)
    Table 8 Operating Microscopes Market Size for Plastic and Reconstructive Surgery, By Region, 2014–2021 (USD Million)
    Table 9 North America: Operating Microscopes Market Size for Plastic and Reconstructive Surgery, By Country, 2014–2021 (USD Million)
    Table 10 Europe: Operating Microscopes Market Size for Plastic and Reconstructive Surgery, By Country/Region, 2014–2021 (USD Million)
    Table 11 Asia-Pacific: Operating Microscopes Market Size for Plastic and Reconstructive Surgery, By Country/Region, 2014–2021 (USD Million)
    Table 12 Operating Microscopes Market Size for Ophthalmology, By Region, 2014–2021 (USD Million)
    Table 13 North America: Operating Microscopes Market Size for Ophthalmology Market Size, By Country, 2014–2021 (USD Million)
    Table 14 Asia-Pacific: Operating Microscopes Market Size for Ophthalmology, By Country/Region, 2014–2021 (USD Million)
    Table 15 Operating Microscopes Market Size for Gynecology and Urology, By Region, 2014–2021 (USD Million)
    Table 16 North America: Operating Microscopes Market Size for Gynecology and Urology, By Country, 2014–2021 (USD Million)
    Table 17 Asia-Pacific: Market Size for Gynecology and Urology, By Country/Region, 2014–2021 (USD Million)
    Table 18 Surgical Microscopes Market Size for Oncology, By Region, 2014–2021 (USD Million)
    Table 19 North America: Market Size for Oncology, By Country, 2014–2021 (USD Million)
    Table 20 Asia-Pacific: Surgical Microscopes Market Size for Oncology, By Country/Region, 2014–2021 (USD Million)
    Table 21 Market Size for ENT Surgery, By Region, 2014–2021 (USD Million)
    Table 22 North America: Market Size for ENT Surgery, By Country, 2014–2021 (USD Million)
    Table 23 Asia-Pacific: Market Size for ENT Surgery, By Country/Region, 2014–2021 (USD Million)
    Table 24 Surgical Microscopes Market Size for Dentistry, By Region, 2014–2021 (USD Million)
    Table 25 North America: Market Size for Dentistry, By Country, 2014–2021 (USD Million)
    Table 26 Asia-Pacific: Market Size for Dentistry, By Country/Region, 2014–2021 (USD Million)
    Table 27 Surgical Microscopes Market Size for Documentation, By Region, 2014–2021 (USD Million)
    Table 28 North America: Market Size for Documentation, By Country, 2014–2021 (USD Million)
    Table 29 Asia-Pacific: Surgical Microscopes Market Size for Documentation, By Country/Region, 2014–2021 (USD Million)
    Table 30 Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 31 Surgical Microscopes Market Size for Hospitals, By Region, 2014–2021 (USD Million)
    Table 32 North America: Operating Microscopes Market Size for Hospitals, By Country, 2014–2021 (USD Million)
    Table 33 Europe: Operating Microscopes Market Size for Hospitals, By Country/Region, 2014–2021 (USD Million)
    Table 34 Asia-Pacific: Operating Microscopes Market Size for Hospitals, By Country/Region, 2014–2021 (USD Million)
    Table 35 Operating Microscopes Market Size for Outpatient Facilities, By Region, 2014–2021 (USD Million)
    Table 36 North America: Operating Microscopes Market Size for Outpatient Facilities, By Country, 2014–2021 (USDmillion)
    Table 37 Europe: Surgical Microscopes Market Size for Outpatient Facilities, By Country/Region, 2014–2021 (USD Million)
    Table 38 Asia-Pacific: Surgical Microscopes Market Size for Outpatient Facilities, By Country/Region, 2014–2021 (USD Million)
    Table 39 Surgical Microscopes Market Size, By Region, 2014–2021 (USD Million)
    Table 40 North America: Surgical Microscopes Market Size, By Country, 2014–2021 (USD Million)
    Table 41 North America: Operating Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 42 North America: Operating Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 43 U.S.: Operating Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 44 U.S.: Market Size, By End User, 2014–2021 (USD Million)
    Table 45 Canada: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 46 Canada: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 47 Europe: Surgical Microscopes Market Size, By Country/Region, 2014–2021 (USD Million)
    Table 48 Europe: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 49 Europe: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 50 Germany: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 51 Germany: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 52 U.K.: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 53 U.K.: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 54 RoE: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 55 RoE: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 56 APAC: Surgical Microscopes Market Size, By Country/Region, 2014–2021 (USD Million)
    Table 57 APAC: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 58 APAC: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 59 China: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 60 China: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 61 India: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 62 India: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 63 RoAPAC: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 64 RoAPAC: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 65 RoW: Surgical Microscopes Market Size, By Application, 2014–2021 (USD Million)
    Table 66 RoW: Surgical Microscopes Market Size, By End User, 2014–2021 (USD Million)
    Table 67 Product Launches, 2014–2016
    Table 68 Agreements and Collaborations, 2014–2016
    Table 69 Other Strategies, 2014–2016


    List of Figures (28 Figures)

    Figure 1 Research Design
    Figure 2 Surgical Microscopes Market: Top Down Approach
    Figure 3 Market: Bottom Up Approach
    Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
    Figure 5 Market Data Triangulation Methodology
    Figure 6 Healthcare Expenditure Across Major Countries: 2000 vs 2014
    Figure 7 Increasing Number of New Cancer Cases Worldwide (2012 vs 2015 vs 2020)
    Figure 8 Market Snapshot (2016 vs 2021)
    Figure 9 Global Surgical Microscopes Market, By Application, 2016 vs 2021
    Figure 10 Global Operating Microscopes Market, By End User, 2016 vs 2021
    Figure 11 Geographical Snapashot of the Operating Microscopes Market
    Figure 12 Increase in the Number of Surgeries and Growing Demand for Mis to Drive Market Growth
    Figure 13 Neuro and Spine Surgery Application Segment Dominated the Market in 2016
    Figure 14 Hospitals Were the Major End Users in 2016
    Figure 15 Asia-Pacific to Grow at the Highest Rate During the Forecast Period
    Figure 16 Operating Microscopes: Drivers, Restraints, Opportunities, and Challenges
    Figure 17 Neuro and Spine Surgery Application Segment to Dominate the Operating Microscopes Market in 2016
    Figure 18 Hospitals to Form the Largest End Users of Operating Microscopes in 2016
    Figure 19 Operating Microscopes Market: Geographic Snapshot
    Figure 20 Asia-Pacific - an Attractive Destination for All Product Categories
    Figure 21 North America: Surgical Microscopes Market Snapshot
    Figure 22 Asia-Pacific: Market Snapshot
    Figure 23 Key Developments Witnessed By Leading Players in the Market, 2014–2016
    Figure 24 Geographic Revenue Mix of the Top 4 Market Players
    Figure 25 Novartis AG: Company Snapshot (2015)
    Figure 26 Danaher Corporation: Company Snapshot (2015)
    Figure 27 Topcon Corporation: Company Snapshot (2016)
    Figure 28 Carl Zeiss AG: Company Snapshot (2016)


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