Ophthalmic Operating Room Microscope Market 2021 Trends, Size, Growth Insight, Share, Emerging Technologies, Share, Competitive, Regional, And Global Forecast To 2027

 

Ophthalmic operating room microscope market is the distribution of healthcare facilities, anywhere distance is a perilous aspect. The ophthalmic operating room microscope market is estimated to grow at a CAGR of 5.9% from US$ 483.5 million in 2020 to US$ 722.1 million in 2027. An ophthalmologist is a specialist in the medical and surgical treatment of the eye. They specialize in treating conditions like eye infections, optic nerve problem, cataracts, or other eye conditions. In Canada, 1 in 6 Canadians in 2020 had one of the four major eye diseases and were at a serious risk of losing their vision. This vision loss can be prevented with due care in 75% of the cases. The conference board of Canada recently revealed a new report projecting that vision treatments can save CAD$ 1.6 billion (US$ 1.32 billion) in direct healthcare costs in 2020.

Ophthalmic devices are those devices that can be used in optometry and ophthalmology. These can range from diagnosis instruments to invasive devices (such as contact lenses) and implantable devices such as intraocular lenses and glaucoma stents. Manufacturers of these devices are advised to ensure that they meet the relevant regulatory requirements before placing their products into the market.

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The major factors influencing the market include the growth in aging population, rising access to healthcare in RDEs, increasing information access and awareness, growing patient load and expectations and budget constraints. 2.5 million eye injuries occur in America annually, costing US$ 200 million from hospital charges alone. The total indirect and direct costs exceed US$ 5 billion for eye treatments. There were approximately 18,512 ophthalmologists in the United States in 2017 which is a mean national density of 5.68 per 100,000 individuals. From 1995 to 2017 this mean has declined from 6.30 to 5.68 corresponding to a loss of 0.033 ophthalmologists per 100,000 individuals.

Alcon (Novartis AG), Johnson & Johnson Limited, Carl Zeiss MediTec AG, Inami & Co., Ltd., Takagi Seiko Co., Ltd., Danaher Corporation (Leica microsystems), Topcon Corporation, Karl Kaps GMBH & Co.Kg, Metall Zug group (Haag-Streit holding), Seiler Instrument inc. are some of the prominent players operating in the ophthalmic operating room microscope market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.

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Insights Presented in the Report

“Amongst Type, on casters segment holds the major share”

Based on types, the ophthalmic operating room microscope market is divided into on casters, wall mount, tabletop and ceiling mounted. On caster is the most popular due to its better mobility, however one can use ceiling mount and wall mount for space management. The modern microscope has a precision motorized mechanics as supporting structure so the microscope can be balanced easily and flexibly adjusted to the right position. The fundamental task of the supporting structure is to keep the microscope stable. Various controlling methods have been developed for “hands-free” operation reducing the strain on surgeons during long surgery hours.

“Amongst Application, LASIK is anticipated to grow at the highest CAGR during the analyzed period”

Based on application, ophthalmic operating room microscope market is divided into cataract surgery, LASIK, keratoplasty surgery, trabeculectomy and other. Roughly 9.2 million Americans got LASIK surgeries in 2019 and a total of 40 million LASIK surgeries have been performed from 1991 to 2016. Additionally, 1.7 million individuals in the United States got a cataract surgery in 2019 and this number is increasing every year. Other than that, trabeculectomy is a procedure used to treat glaucoma by lowering the eye pressure. Keratoplasty on the other hand, is the replacement the natural cornea by surgery.

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“Amongst End-User, ambulatory surgical centers is anticipated to grow at the highest CAGR during the analyzed period”

Based on end-user, the ophthalmic operating room microscope market is divided into hospitals, ambulatory surgical centres, ophthalmology clinics and others. Ambulatory surgical centres are forecasted to rise by the highest rate in the forecasted period. The key factor of this is the rise in surgical costs. Insurers recommend patients to undergo surgeries at ambulatory surgical centres (ASCs) rather than outpatient departments in hospitals. There are approximately 53 million outpatient surgeries performed annually in the United States. The number of cataract surgeries have increased by 73% according to the JAMA ophthalmology journal.

“North America signifies one of the largest markets of ophthalmic operating room microscope market”

For a better understanding of the market dynamics of the ophthalmic operating room microscope market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated maximum revenue in 2020 owing to the increasing awareness and higher healthcare spending.

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