The U.S. surgical microscopes market was valued at $ 210.2 Million in 2017 and is forecast to grow at a modest 14.6 % CAGR between 2018 and 2025, culminating in 2025 U.S sales of $ 465.6 Million. Rising prevalence of chronic diseases, growing number of hospitals and ambulatory centers, increasing number of minimally invasive surgeries and technological advancement in surgical microscopes are some of the key drivers of this market
We are observing a steep rise in cases of chronic disease in last few years and the trend is going to continue. Aging population and changing societal behavior adding to this steady increase. According to WHO chronic disease prevalence is expected to rise by 57%. As per Center for Disease Control, seven of the top 10 causes of death in 2014 were chronic diseases. Two of these chronic diseases—heart disease and cancer—together accounted for nearly 46% of all deaths. This is leading to lot of surgeries and in return demand for surgical microscope.
Marking the breakthrough in otology, Prof. Dr. Horst Wullstein introduced the first surgical microscope at the World Congress in Amsterdam which was quickly adopted by various microsurgical disciplines. Since then technological advancement is improving the scope of these products. Even this device can be connected to other display devise to improve the outcome.
“Optimal Price Point (OPP) for U.S. Surgical Microscopes Products”
Estimated Average Surgical Microscopes product cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the GLOBAL, the surgical microscopes products are available at USD XXXX. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
We have segmented the market based on the product types such as On Casters, Ceiling Mounted, Wall Mounted. On casters surgical micoscopes are on wheels and great flexibility to operate. When not in use, suspension arms can be folded over to main body and store it completely. Ceiling mounted microscope booms are used in procedures such as neurosurgery, microsurgery, and ophthalmology and few dental surgery cabinets. Wall mount applications are ideal for exam rooms with limited space. These microscope mounted on the wall behind the patient chair. A long multi-articulating suspension arm provides stable delivery of the optical base to the field.
We have segmented the market based on applications as Neurosurgery, ENT, Oncology, Gynecology, Urology, Ophthalmology, Plastic Surgery, Dentistry & Other Surgery. We are observing increased usage in neurosurgery, ophthalmology and dentistry. Newer advanced microscopes are especially adopted for surgeries involving the brain, spinal cord and spine.
For example, during endodontic treatment, where magnification improves visualization of the anatomy and improves the outcome. During anastomosis, it helps to join blood vessel in vascular surgery.
We have segmented the market based on end-user as hospital, physician’s/dentist’s clinic. We are observing major usage and increase in adaptation within hospital. Almost every leading hospital having surgical unit is in the process of upgrading with latest microscope.
Attempts have been made to use the magnifying endoscopes used in arthroscopic procedures, but these devices require viewing on a two-dimensional monitor and the limitations of working in 2D space are too restrictive to be useful. Several elements to consider in improving clinician visualization and surgical microscope is the ultimate solution. New technology like augmented microscopy developed at the University of Arizona allow surgeons to distinguish cancerous from healthy tissue.
New York, California, and Texas accounted for over xx% revenue share in 2017. The key reasons attributed to the high share include strong reimbursement framework, highly skilled medical professionals, technological advancements and government support for R&D and innovation in medical devices sector. Moreover, the presence of high-end hospital and POC and high emphasis on outcome is expected to boost the usage rates over the forecast period.
We have segmented the market based on major states as Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Delaware, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington and Others.
Merger and Acquisition Insight
We are observing some unique merger and acquisition in this space. ZEISS portfolio in surgical ophthalmology is get improved with acquisition of US-based manufacturer of Intraocular Lenses (IOLs) Aaren Scientific. Acquisition of Optronik AS in 2014 helps ZEISS to improve its positioning in the Turkish market. Alcon acquisition of WaveTec Vision helps to improve its ophthalmic surgical product portfolio.
Top Players & Company Share
We have profiled major players in the market as Carl Zeiss, Leica Microsystems, Alcon Laboratories, Alltion, Haag Streit Surgical, Accu-Scope, Arri, FEI, and Takagi Seiko. With recent development in technology, we are observing some unique new players into the market.
U.S. Surgical Microscopes Market by Product Types (Revenue, USD Million, 2014- 2025)
- On Casters
- Ceiling Mounted
- Wall Mounted
U.S. Surgical Microscopes Market by Application (Revenue, USD Million, 2014 – 2025)
- Plastic Surgery
- Other Surgery
U.S. Surgical Microscopes Market by End-use (Revenue, USD Million, 2014- 2025)
- Physician’s/Dentist’s Clinic
U.S. Surgical Microscopes Systems Regional Outlook (Revenue, USD Million, 2014- 2025)
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- South Carolina
- Utah Virginia
- Other States