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2021

Ophthalmic Operating Room Microscope Market

Ophthalmic Operating Room Microscope Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, Indication, End User : Global Opportunity Analysis and Industry Forecast, 2020-2027

LS : Medical Devices & Supplies

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Author's: Vishal Bhardwaj| Sumitra Choudhary | Roshan Deshmukh
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Ophthalmic Operating Room Microscope Market Overview:

The global ophthalmic operating room microscope market size was valued at $439.39 million in 2019 and is expected to reach $593.18 million by 2027 with a CAGR of 5.1% during the forecast period.

Performing ophthalmic surgery requires the ability to monitor progress on a micro-level, as human eye is an extremely delicate organ. An operating surgical microscope is an optical instrument used in ophthalmic surgeries that provides surgeons with a magnified and illuminated high-quality image of the small ophthalmic structures of all regions of the human eye. An ophthalmic surgical microscope can either be fixed or adjustable, and few models provide a second “observer” set of binoculars, some of which can independently adjust the focusing mechanism. 

Ophthalmic-Operating-Room-Microscope-Market,-2020-2027

The growth of the ophthalmic operating room microscope is driven by factors such as rise in prevalence geriatric population and increase in efficacy of minimally invasive ophthalmic surgeries. In addition, alarming surge in incidence of various eye-related diseases globally is expected to augment the ophthalmic operating room microscope market growth. However, increase in custom tax restricts the medical devices import, thus acting as a key restraint of the global market. Moreover, and high cost of maintenance is expected to hamper the market growth. On the contrary, extensive research & development efforts in ophthalmology and evolution in ophthalmic imaging are anticipated to offer remunerative opportunities for the expansion of the global ophthalmic operating room microscope market. 

The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. Increase in number of COVID-positive patients has further resulted in postponing of non-emergency surgical procedures as well as in-hospital therapies. This, in turn, has reduced surgical training in hospitals and also patients’ hospital visits. Moreover, it was found that the ophthalmic microscopes significantly cause risk of COVID-19 infection for surgeons, as COVID-19 present in tears could become a source of cross-infection for ophthalmologists, since routine ophthalmic examinations are usually performed in a setting with close doctor–patient contact. Therefore, eye care professionals shall remain highly vigilant. Therefore, these factors are slowing the market growth of ophthalmic operating room microscope.

Global Ophthalmic Operating Room Microscope Market Segmentation  

The global ophthalmic operating room microscope market is segmented into product, Indication, end user, and region. On the basis of product, the market is categorized into on caster, wall mount, table top, and ceiling mounted. By Indication, it is fragmented into cataract surgery, lasik, keratoplasty surgery, trabeculectomy, and others. Depending on end user, it is segregated into hospitals & clinics, ambulatory surgical centers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Segment Review

By product, the on-caster microscope segment held the largest share in 2019, and is expected to continue the trend during the forecast period. This is attributed to advantages offered by on caster microscope such as effective maneuvering and repositioning functionality requiring minimum efforts, which help in reducing the duration of the operation.

Ophthalmic Operating Room Microscope Market
By Product
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Ceiling Mounted segment holds a dominant position in 2019

On the basis of Indication, the cataract surgery segment was the largest revenue contributor in 2019. For instance, according to the American Academy of Ophthalmology survey in North America, around 24.4 million individuals are affected by cataract, and this number is estimated to reach 38.7 million by 2030. Further, LASIK is the fastest segment during the forecast period. Owing to LASIK is estimated to reach till 39 million by 2030 according to the National Institute of Health.

Ophthalmic Operating Room Microscope Market
By Indication
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Cataract Surgery segment holds a dominant position in 2019

Depending on end user, the ambulatory surgical centers segment is estimated to reach highest during the forecast period. This is attributed to rise in surgical care costs. Some insurers have considered incentivizing patients to undergo surgery at ambulatory surgical centers (ASCs) rather than hospital outpatient departments. For instance, approximately 53 million outpatient surgeries are performed in the U.S. annually. Furthermore, as per the JAMA Ophthalmology Journal, the proportion of cataract surgeries performed at ASCs increased steadily over time, reaching 73.0%.

Ophthalmic Operating Room Microscope Market
By End User
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Hospitals& Clinics segment holds a dominant position in 2019

Region wise, North America dominated the ophthalmic operating room microscope market in 2019, owing to presence of large patient base suffering from ophthalmic disorders. In addition, due to its well-established healthcare infrastructure and rise in ophthalmic surgeries, the demand for ophthalmic operating room microscope has increased significantly. However, Asia-Pacific is expected to register the highest CAGR in terms of revenue during the forecast period, owing to rise in cataract surgeries along with government initiatives to promote manufacturing of medical devices. Furthermore, government initiatives and awareness programs toward eye-related diseases are expected to propel the demand for ophthalmic operating room microscope in Asia-Pacific.

Ophthalmic Operating Room Microscope Market
By Region
2027
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 6.4% during 2020-2027.

Prominent players operating in the global ophthalmic operating room microscope market include Alcon (Novartis AG), Johnson & Johnson, Carl Zeiss Meditec AG, Inami & Co., Ltd, Takagi Seiko Co., Ltd, Leica Microsystems (Danaher Corporation), Topcon Corporation, Kaps GmbH & Co. KG, (Haag-Streit Holding) Metall Zug Group, and Seiler medical.

Key Benefits For Stakeholders

  • This report entails a detailed quantitative analysis along with the current and future global ophthalmic operating room microscope market trends from 2019 to 2027 to identify the prevailing opportunities along with strategic assessment.
  • The ophthalmic operating room microscope market forecast is studied from 2019 to 2027. 
  • The ophthalmic operating room microscope market size and estimations are based on a comprehensive analysis of key developments in the industry.
  • A qualitative analysis based on innovative products facilitates strategic business planning.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the ophthalmic operating room microscope market,

Ophthalmic Operating Room Microscope Market Report Highlights

Aspects Details
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By Product
  • On Casters
  • Wall Mount
  • Table Top
  • Ceiling Mounted
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By Indication
  • Cataract Surgery
  • Lasik
  • Keratoplasty Surgery
  • Trabeculectomy
  • Others
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By End User
  • Hospital & Clinics
  • Ambulatory Surgical Centers
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

TAKAGI SEIKO CO., LTD., Inami & Co., Ltd., TOPCON CORPORATION, Alcon (Novartis AG), Seiler Instrument Inc., Karl Kaps GmbH & Co.KG, Metall Zug Group (Haag-Streit Holding), CARL ZEISS MEDITEC AG, Johnson & Johnson, Danaher Corporation (Leica Microsystems)

Analyst Review

According to analyst perspective, rise in geriatric population, increase in effectivity of minimally invasive ophthalmic surgeries and rise in prevalence of various eye-related diseases globally is fostering the ophthalmic operating room microscope market growth.

Furthermore, extensive research & development efforts in ophthalmology are expected to propel the growth of the market.

Further, the North American ophthalmology operating room microscope market contributed to the highest share in 2019, owing to presence of large patient base suffering from ophthalmic disorders in the U.S. Furthermore, well-established healthcare infrastructure and increase in ophthalmic surgeries have boosted the demand for ophthalmic operating room microscope in the region. On the contrary, Asia-Pacific is expected to offer lucrative opportunities for players that operate in the ophthalmic operating room microscope market, due to presence of high population base, surge in disposable income, and advancements in ophthalmic surgical microscope. The region has emerged as an epicenter of ophthalmic diseases such as cataract glaucoma, age-related macular degeneration (AMD), and refractive errors. Furthermore, the incidence of eye-related diseases is expected to increase with rise in geriatric population. Asia-Pacific marks a significant trend of growth in geriatric population, with China and India in the forefront. This trend is expected to propel the market for ophthalmic operating room microscope in Asia-Pacific.

Author Name(s) : Vishal Bhardwaj| Sumitra Choudhary | Roshan Deshmukh
Frequently Asked Questions?

The total market value of Ophtalmic Operating Room Microscope market is $439.39 million in 2019

The forcast period for Ophtalmic Operating Room Microscope market is 2020 to 2027

The market value of Ophtalmic Operating Room Microscope market in 2027 is $593.18 million.

The base year is 2019 in Ophtalmic Operating Room Microscope market.

Alcon (Novartis AG), Johnson & Johnson, Carl Zeiss Meditec AG, Inami & Co., Ltd held a high market postion owing to the strong geographical foothold in different regions.

Cataract Surgery segment dominates the global market, this is attributed to rise in cases of cataract across the globe.

The major factor for the growth of Ophtalmic Operating Room Microscope market are rise in geriatric population and increase in effectivity of minimally invasive ophthalmic surgeries are the major factors that propel the growth of the global ophthalmic operating room microscopes.

Owing to rise in cataract surgeries along with government initiatives to promote manufacturing of medical devices. Furthermore, government initiatives and awareness programs toward eye-related diseases are expected to propel the demand for ophthalmic operating room microscope in the region.

Ophthalmic operating Room Microscope is an optical instrument used in ophthalmic surgeries that provides surgeons with a magnified and illuminated high-quality image of the small ophthalmic structures of all regions of the human eye.

Ophthalmic operating microscope is designed to provide high contrast and detailed imaging of all regions of the human eye.

Ophthalmic operating microscope is designed to provide high contrast and detailed imaging of all regions of the human eye.

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Ophthalmic Operating Room Microscope Market

Global Opportunity Analysis and Industry Forecast, 2020-2027