Global Surgical/Operating Microscope Market is estimated to grow with approx. 10.24% CAGR over the years 2018 – 2026. The base year considered for the study is 2017 and the forecast period is 2018-2026. Global surgical/operating microscope market is primarily driven by the following factors:

• Increased adoption of fluorescent image-guided surgery (FIGS)
• Increasing number of surgeries and growing demand for MIS
• Customized solutions for microscopy
• Rising healthcare expenditure
• Rising geriatric population

The important driver increasing growth in the global Surgical/operating microscope market is the increasing number of surgeries and growing demand for MIS, globally. Surgical/operational microscopic have wide application in areas such as plastic and reconstructive surgeries, cataract surgeries, ophthalmology, ENT surgeries, oncology, gynaecology, urology and other surgeries. Further, the risk involved in critical surgeries can be minimized to a great extent with the adoption of surgical/operational microscopes. Also, higher chances of success can be ascertained as the accuracy level increases due to proper viewing during surgery.

The global on-casters market comprises the market of microscopes that are floor mounted and are highly versatile and popular. The on casters type of microscope has a locking mechanism for immobilizing the microscope body throughout the surgical field while enabling it to move anywhere across the surgical field. The base of on-casters microscope offers easy movement of the entire instrument while the base can be lowered and locked onto the working position. Substantial adoption of on casters microscope for the dental surgery applications is expected to boost the global surgical/operating microscope market. On-casters microscope is used in the precision dental surgery considering the odontology dentistry.  Some of the key benefits of the on-casters microscope include postural comfort, educational, psychological and procedural advantages.

Heavy custom duties on medical devices and excise tax by the US government are the major factors hindering the surgical/operating microscope market. Increase in customs tax restricts the medical device import. Countries such as India and UK are involved in levying high customs tax. For instance, according to Ministry of Finance, the Government of India increased import duty on medical devices including dental, veterinary and surgical devices from 5% to 7.5% in 2016 in order to encourage the manufacturing companies to manufacture these devices in India itself. Moreover, the government has also imposed additional duties up to 4%. Furthermore, according to Government of UK, the import duty on medical devices is 0%, while the value-added import tax (VAT) is 20%.

The global surgical/operating microscope market segments include type, application and end-user.

Types are segmented into:

• On caster
• Wall mounted
• Tabletop
• Ceiling mounted

Application is segmented into:

• Neuro and Spine surgery
• Plastic and reconstructive surgery
• Ophthalmology
• ENT surgery
• Oncology
• Gynecology and Urology
• Other

End-users are segmented into:

• Hospitals
• Physician/Dentist
• Other Outpatient facilities

The report scope is widely categorized on the basis of its components which include different types of microscopes. Moreover, the total market revenue calculated is based on the net sales of these microscopes, and the report scope excludes the revenue generated from maintenance of surgical/operating microscopes.

Geographically, the Global Surgical/operating microscope market has been segmented on the basis of four major regions, which include:

• Surgical/operating Microscope North America Market – U.S. & Canada
• Surgical/operating Microscope Asia Pacific Market – China, India, Japan, Australia, RoAPAC
• Surgical/operating Microscope Europe Market– UK, France, Germany, Spain, RoE
• Rest of World – Latin America, Middle East and Africa

North America is anticipated to account the largest market share during the forecast period due to the high healthcare and R&D expenditure in the US and Canada, along with the high prevalence of eye disease and growing cosmetic procedures. There has been a steep rise in cosmetics surgeries in the US. As per the American Society for Aesthetic Plastic Surgeons, a total of 16.68 million cosmetic surgeries were performed in the US in 2015, which increased to 17.19 million in 2016, representing over 3% rise in one year. Surgical/operating microscopes have extensive application in ophthalmic procedures as well. On the other hand, the Asia-Pacific market is anticipated to be the fastest-growing region in the global surgical/operating microscope market for the forecast period. The Asia-Pacific surgical/operating microscope market is expected to be on an up-surging trend owing to growing number of cataract surgeries along with government initiatives to promote manufacturing of medical devices, growing number of cosmetic surgical procedures and various technological advancement in surgical microscopes which is expected to boost the surgical/operating microscope market in Asia-Pacific during forecast period 2018-2026.

The Surgical/operating microscope market is segmented based on types which are sub-divided into on-caster, wall mounted, tabletop, and ceiling mounted. The market is also segmented on the basis of end-users which is sub-divided into hospitals, physician/dentist, and other outpatient facilities.  The market is also segmented on the basis of application, which includes neuro and spine surgery, plastic and reconstructive surgery, ophthalmology, ENT surgery, oncology, gynecology and urology, and others.

The major market players in the global surgical/operating microscope market are:

• CARL ZEISS
• DANAHER CORP
• NOVARTIS
• HAAG-STREIT AG
• TOPCON CORP
• OTHERS

Company Profiles covers analysis of important players

These companies are using organic and inorganic strategies for growth. For instance, on 24th April 2018, Carl Zeiss acquired Guardus, a supplier of software for analysis and management in production. For ZEISS, the integration of GUARDUS into its Industrial Metrology (IMT) business group will further strengthen its own position as a partner for increasing productivity in digital manufacturing. The Computer Aided Quality (CAQ) applications and Manufacturing Execution Systems (MES) from GUARDUS provide customers with fully integrated analysis and steering function for production. On 19th March 2018, the technology conglomerate Danaher agreed to purchase Integrated DNA Technologies, a maker of custom DNA and RNA oligonucleotides for academic and pharmaceutical genomics research.

Key Findings of the global surgical/operating microscope market:

• Increasing number of surgeries and growing demand for MIS and customized solutions for microscopy is fueling growth in the global surgical/operating microscope market.
• North America is anticipated to account for the largest revenue share in 2017.
• The on-caster segment is dominating the market
• Increasing government support
• Product launch is the key strategy adopted by the various market players of the global surgical/operating microscope market.
• Hospitals are the major enduser segment.