Ophthalmic Microscopes Market Size, Share & Trends Analysis Report, By Modality (Ceiling-mounted, Table-top), By Application (Anterior Segment Surgery, Posterior Segment Surgery), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The global ophthalmic microscopes market was estimated at USD 546.3 million in 2022, anticipated to expand at a compound annual growth rate (CAGR) of 8.2% from 2023 to 2030. The growth of the ophthalmic microscope market is being driven by various factors. One of the significant factors is the increasing incidence of ophthalmic diseases, especially among the geriatric population, who are at higher risk of developing eye disorders such as age-related macular degeneration and cataract. According to a report published by the World Health Organization, in 2019, over 2.2 billion individuals were affected by vision impairment, with at least 1.0 billion of those individuals suffering from preventable or untreated impairments.

Additionally, the market is being propelled by technological advancements and the growing adoption of minimally invasive ophthalmic surgeries. The rise in the number of cataract surgeries, which is attributed to the preference for minimally invasive procedures, is another contributing factor to the market's growth. According to research by the National Center for Biotechnology Information, it is estimated that there will be 3.7 million cataract extraction surgeries performed annually in the US, 7.0 million in Europe, and 20 million globally.

With the increasing awareness of the importance of eye care, patients are seeking early diagnosis and treatment of eye disorders. This has led to a rise in demand for ophthalmic microscope in both developed as well as developing countries. Furthermore, rise in healthcare expenditure globally has led to an increase in the demand for advanced medical equipment, including ophthalmic microscopes. Governments and healthcare providers are investing in these technologies to improve patient outcomes and reduce the burden on healthcare systems.

Growing demand for ophthalmic surgeries in the geriatric population, such as cataract and glaucoma surgeries has led to an increased demand for ophthalmic microscopes, as they are essential tools for these procedures. For instance, the global population affected by glaucoma is expected to increase from 64.0 million in 2020 to 76.0 million. By 2040, it is expected to reach 111 million. Regions such as Africa and Asia are likely to be more affected than other parts of the globe.

Also, there is a rising trend towards minimally invasive surgeries, which require advanced surgical tools, including ophthalmic microscopes. Ophthalmic microscopes are essential for providing surgeons with clear, detailed images during surgery, which is critical for achieving successful outcomes.

Modality Insights

Based on modality, the on caster segment accounted for the largest market share of 53.4% in 2022. This is due to the ability of the microscope to move easily on casters or wheels, making it easier for the surgeon to move the microscope around the surgical site. It is important for several other reasons, such as efficiency, and reducing the risk of fatigue and injury for the surgeon. It allows for easy adjustments to the microscope during the surgery and helps to maintain a sterile surgical environment.

Ceiling-mounted ophthalmic microscopes are anticipated to register the fastest CAGR growth during the forecast period. The ceiling-mounted ophthalmic microscopes are widely used in ophthalmic surgeries as they provide an unobstructed view of the surgical field, have a large range of motion, are ergonomic and comfortable for the surgeon, can be equipped with advanced features, and are easy to clean and maintain.

Application Insights

The anterior segment dominated the market in 2022 and accounted for the largest share of 63.31% of the global revenue. It includes surgeries such as cataract surgery, refractive surgery, glaucoma surgery, corneal surgery, and laser eye surgery. The increasing demand for surgeries is a primary factor contributing to the growth of the market. For instance, in 2021, 10,000 U.S. cataract surgeons performed approximately 4.0 million procedures, for an average of 400 per year per surgeon. The ophthalmic microscopes are essential in these surgeries due to the complexity and delicacy of the structures involved. They provide a clear, magnified view of the surgical site and bright illumination, enabling the surgeon to perform delicate procedures with accuracy and precision.

Furthermore, the posterior segment is expected to expand at a substantial CAGR during the forecast period. It includes vitrectomy, retinal detachment repair, macular hole repair, maculopathy surgery, posterior sclerotomy, radial optic neurotomy, and macular translocation surgery. Posterior segment ophthalmic microscopes provide a wide field of view and high magnification, enabling the surgeon to visualize the retina and other posterior structures with great detail. They also provide bright illumination, which helps the surgeon identify small structures that may be difficult to see with the naked eye.

End-use Insights

In 2022, the hospital segment accounted for the largest market share at 55.6%. This is due to the high demand for ophthalmic microscopes in hospitals, a large number of patient pool, the availability of better infrastructure and resources, and increasing demand for advanced diagnostic and surgical technologies. Hospitals are investing in advanced ophthalmic microscopes that offer better visualization, improved ergonomics, and enhanced surgical capabilities, which help in reducing surgery time and improving patient outcomes. Also, hospitals offer a broad range of ophthalmic surgeries and procedures, from routine exams to complex surgeries such as cataracts, corneal transplants, and vitreoretinal surgery. Ophthalmic microscopes are used in all these procedures, making them an essential tool for hospitals.

The ambulatory surgery center is anticipated to exhibit a highest CAGR of 9.1% during the forecast period. ASCs are gaining popularity due to their convenience, cost-effectiveness, and shorter wait times compared to hospitals. Ophthalmic surgeries performed in ASCs typically take less time, and patients can recover at home, reducing the overall cost of the procedure. Also, ASCs are equipped with advanced ophthalmic microscopes enabling surgeons to perform procedures with greater accuracy and precision. Furthermore, others segment includes homecare, academics & research, outpatient facilities, and laboratory.

Regional Insights

The North American region held the largest share of 38.2% in 2022. The primary factors contributing to the growth are the rising geriatric population and technological advancements in ophthalmic microscopes. For instance, According to the U.S. Census Bureau, in 2020, more than 56.0 million adults aged 65 and above live in the U.S., accounting for about 16.9% of the nation’s population. Also, the government and private investors in the region are investing in healthcare infrastructure, including clinics and new hospitals are driving the demand for ophthalmic microscopes. Furthermore, the region has several large manufacturing players in the industry, such as Zeiss, Leica Microsystems, and Topcon Corporation.

Asia Pacific is expected to expand at the highest CAGR of 9.3% during the forecast period. The increasing prevalence of eye diseases, growing geriatric population, and the rise in healthcare expenditure are the key factors driving the growth of ophthalmic microscopes in the region. Japan, China, India, Australia, and South Korea are among the key countries in the region that are contributing to the growth of the market. These countries have a large patient pool, a growing number of healthcare facilities with advanced infrastructure, and also have demand for advanced diagnostic & surgical procedures. For instance, the incidence of cataracts among Chinese aged 60 to 89 is approximately 80%, according to the Chinese Medical Association. There is an upsurge in cataract cases due to an aging population per million people in the country in 2020, there were more than 3,000 people undergoing cataract surgery.

Key Companies & Market Share Insights

The market is consolidated, and has major key market players such as Alcon, Inc., Carl Zeiss Meditec AG, Leica Microsystems (Danaher Corporation), Topcon Corporation, Haag-Streit Holding (Metall Zug Group). These players focus on growth strategies, such as new product launches, collaborations, partnerships, expansion, and mergers & acquisitions. For instance, in 2021, Haag-Streit Holdings announced the launch of a new surgical microscope Hi-R NEO 900. It features improved optics and ergonomic design to enhance surgical precision and reduce fatigue for the surgeon. Some of the prominent players in the ophthalmic microscopes market include:

• Alcon, Inc.

• Carl Zeiss Meditec AG

• Leica Microsystems (Danaher Corporation)

• Topcon Corporation

• Haag-streit Holding (Metall Zug Group)

• Inami & Co., Ltd.

• Takagi Seiko

• Karl Kaps GmbH & Co. KG

• Seiler Instrument Inc.

• Rexxam Co.,Ltd.

Ophthalmic Microscopes Market Report Scope

Global Ophthalmic Microscopes Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global ophthalmic microscopes market report on the basis of modality, application, end-use, and region:

• Modality Outlook (Revenue, USD Million, 2018 - 2030)

  • Ceiling-mounted

  • Table-top

  • Wall-mounted

  • On Casters

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Anterior Segment Surgery

    • Cataract Surgery

    • Refractive Surgery

    • Glaucoma Surgery

    • Corneal Surgery

    • Laser Eye Surgery

  • Posterior Segment Surgery

    • Vitrectomy

    • Retinal Detachment Repair

    • Macular Hole Repair

    • Maculopathy Surgery

    • Posterior Sclerotomes

    • Radial Optic Neurotomy

    • Macular Translocation Surgery

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Ambulatory Surgical Centers

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait