Segments - Ophthalmic Operating Room Microscope Market by Type (Caster, Tabletop, Wall-mounted, and Ceiling-mounted), Application (Posterior Segment Surgery and Anterior Segment Surgery), End-user (Hospitals, Ambulatory Surgical Centers, and Clinics), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global ophthalmic operating room microscope market size was USD 546.4 Million in 2022 and is likely to reach USD 1,066.4 Million by 2031, expanding at a CAGR of 8.3% during 2023–2031. The market is driven by the advancements in surgical techniques.
Increasing prevalence of eye diseases and disorders in recent years is expected to boost the market during the assessment period. Demand for advanced tools and equipment, such as high-quality microscopes in ophthalmic operating rooms, is rising. Large investments made by the global market players in R&D activities as well as technological advancements in ophthalmic microscopes are projected to fuel the market in the coming years.
In April 2023, Bausch Lomb, a key global eye health company, announced a collaboration with Heidelberg Engineering to launch SeeLuma, a fully digital surgical visualization platform. The goal of this innovative platform is to provide exceptional clarity and an elevated level of visualization during complex surgeries, surpassing the capabilities of hybrid, optical, and retrofitted microscopes. The initial launch of SeeLuma took place in the US and Western Europe.
Technological innovations have led to the constant growth in microscope technology with improved optics, imaging capabilities, and ergonomic designs. This aligns with the ongoing advancements in ophthalmic surgical techniques and the rising demand for cutting-edge operating room microscopes. Consequently, this is likely to impel the market during the forecast period.
The COVID-19 pandemic hindered the market, as most of the medical resources were diverted towards the treatment of infection during this period. A large number of ailments and their treatments were not life-threatening and were given secondary importance. This resulted in a decline in the sales of several medical instruments as well as equipment, including ophthalmic operating room microscopes.
The use of artificial intelligence is likely to provide substantial propulsion to the ophthalmic operating room microscope market. AI enhances surgical precision by providing real-time analysis of intricate eye structures, aiding surgeons in making strong decisions. Additionally, it improves post-operative outcomes through features, such as automated image recognition. This helps in making early detections of potential complications.
Rise in the geriatric population is expected to drive the market during the projection period. Several eye ailments tend to be associated with old age. High prevalence of problems, such as cataracts and macular degeneration is boosting the demand for ophthalmic operating room microscopes. This demographic shift fuels the market, as healthcare providers prioritize advanced technologies to meet the specific needs of the aging population.
According to the October 2022 report published by the World Health Organization (WHO), the global geriatric population (60 years or older) in 2020 was more than the total number of children aged below five years. Around 80% of the elderly population is projected to reside in developing and underdeveloped countries by 2050.
High custom tax is likely to hamper the market during the forecast period. It significantly increases the overall cost of the medical devices. This makes them unaffordable for small- to medium-scale healthcare institutions. This is expected to limit the adoption of ophthalmic operating room microscopes, thereby impeding the market.
Increasing R&D in ophthalmology is anticipated to provide substantial growth opportunities in the market. It leads to the discovery of surgical techniques and treatments, thereby driving the demand for cutting-edge equipment, such as ophthalmic devices. The incorporation of innovative features and technology leads to better patient outcomes and is anticipated to create profitable prospects for the market.
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Ophthalmic Operating Room Microscope Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Caster, Tabletop, Wall-mounted, and Ceiling-mounted), Application (Posterior Segment Surgery and Anterior Segment Surgery), and End-user (Hospitals, Ambulatory Surgical Centers, and Clinics) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
TOPCON CORPORATION; Takagi Seiko Co., Ltd.; Seiler Instrument Inc.; Rexxam Co., Ltd.; Danaher; Karl Kaps GmbH & Co. KG; Inami & CO., Ltd; HAAG-STREIT GROUP; Carl Zeiss AG; and Alcon, Inc. |
Based on type, the ophthalmic operating room microscope market is divided into caster, tabletop, wall-mounted, and ceiling-mounted. The caster segment is projected to hold a major share of the market during the projection period, as these microscopes are designed for convenient mobility, aiding surgeons to move them around the surgical site. They are highly efficient and help reduce the risk of injury and fatigue for the surgeon. Additionally, they allow for easy adjustments during the surgery and aid in maintaining a completely sterile surgical environment.
The ceiling-mounted segment is anticipated to expand at a significant pace in the market. These microscopes are extensively used in ophthalmic surgeries, due to their unhindered view. They provide a wide range of motion and ergonomic usage. Furthermore, the latest models are equipped with several advanced features and have an easy-to-clean design. This is projected to impel the growth of this segment during the assessment period.
Based on application, the global market is segregated into posterior segment surgery and anterior segment surgery. The anterior segment surgery segment is projected to expand at a high CAGR during the forecast period, as it comprises surgeries, such as refractive surgery, cataract surgery, glaucoma surgery, laser eye surgery, and corneal surgery. Ophthalmic microscopes are indispensable, due to the intricate and delicate nature of the structures involved in eye surgeries. These microscopes offer a magnified and clear view of the surgical site and provide bright illumination, enabling the surgeon to perform precise and accurate procedures.
On the basis of end-user, the ophthalmic operating room microscope market is segmented into hospitals, ambulatory surgical centers, and clinics. The hospitals segment is anticipated to register robust growth during the forecast period, owing to the rising requirement for ophthalmic drugs and devices in hospitals, better resources & infrastructure, and increasing requirements for advanced surgical and diagnostic technologies. Hospitals are making significant investments in these microscopes, as they offer improved ergonomics, better visualization, and enhanced surgical capabilities. This helps reduce surgery time and improve patient outcomes.
Ophthalmic microscopes are essential tools for hospitals, as they are used in a broad range of surgeries and procedures, from complex surgeries, such as corneal transplants, cataracts, and vitreoretinal surgery to routine exams. The hospitals segment is projected to register significant growth, due to the expansion of medical infrastructure and the development of hospitals.
In terms of region, the global ophthalmic operating room microscope market is classified as Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. North America is expected to dominate the market during the projection period. Rise of the ophthalmic microscopes market in the region is primarily driven by the increasing number of elderly people and technological advancements in the region. Healthcare infrastructure in the region is undergoing significant investments from both public and private investors, which is driving the demand for ophthalmic microscopes. Additionally, the presence of several large manufacturing players in the region is further boosting the market.
The market in Asia Pacific is likely to register significant propulsion in the coming years. This growth is attributed to a combination of factors, such as the increasing geriatric population, high prevalence of eye diseases, and advancements in healthcare expenditure. Key countries, such as India, Japan, Australia, China, and South Korea are contributing to the market growth, due to the large patient pool, huge number of healthcare facilities with advanced infrastructure, and demand for advanced diagnostic and surgical procedures in the region.
The ophthalmic operating room microscope market has been segmented on the basis of
Key players competing in the global ophthalmic operating room microscope market are TOPCON CORPORATION; Takagi Seiko Co., Ltd.; Seiler Instrument Inc.; Rexxam Co., Ltd.; Danaher; Karl Kaps GmbH & Co. KG; Inami & CO., Ltd; HAAG-STREIT GROUP; Carl Zeiss AG; and Alcon, Inc.
These companies incorporate development strategies, including partnerships, mergers, acquisitions, product launches, collaborations, and production expansion, to expand their consumer base worldwide. For instance,
In March 2021, Alcon and LiveU recently announced a partnership that resulted in the successful implementation of an on-demand RSVP (Remote Surgeon Virtual Presence) solution by CorNeat and LiveU. The collaboration involved close cooperation with Alcon, which provided NGENUITY 3D Visualization System to remotely supervise hands-on training for cornea experts based at Toronto’s prestigious Kensington Eye Institute, while the training was conducted in Israel.