The Ophthalmic Operating Room Microscope Market is expected to grow at a CAGR of 5.9% from 2021-2027 to reach US$ 722.1 million by 2027. 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. Zeiss Meditech saw an 8.2% revenue growth from 2016 to 2017 from ophthalmic devices alone which is 74% of their total revenue share from that year.
Eyes are an extremely delicate organ and so these devices need to be able to monitor progress at micro-level. Ophthalmic microscopes provide a detailed and high contrast imaging of all regions of the human eye. An apochromatic (apo) lens will provide high quality imaging at lower light intensities. Other microscopes provide multiple lighting options and can switch between xenon and halogen bulbs. According to the World Health Survey 2002-03, from the total number of vision impairments and disabilities in the world, 22% of it is comprising of the world’s poorest people.
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Technological advancements in ophthalmic microscopes are changing the landscape of ophthalmic surgeries. Several digital and digitally assisted microscopes with advanced visual optics of variable capabilities are present in the market. They also allow the integration of digital information and “heads up surgery”, where the image can be seen in a 3D camera. These “heads-up surgeries” have released a lot of pressure for Ophthalmic surgeons, earlier studies have shown that 30-50% of ophthalmic surgeons end up with cervical neck pain, or worse herniated discs. Additionally, they have also resulted in the increase in patient safety. With the rise of COVID-19, these digitalized ophthalmic microscopes act as an additional barrier between patients and surgeons. These allow a surgeon to wear a full-face shield and do not have to hover directly over the patient during the surgery. This is an important advantage during the pandemic.
The sudden outburst of the COVID-19 widespread has raised the whole world to a slowdown. As hospitals are getting unavailable with COVID-19 cases, the load on healthcare staff is mounting. The American Academy of Ophthalmology (AAO) have given recommendations to avoid non-essential surgical procedures. There was a 24% decline in patient flow in ophthalmic department in Russia around March 2021. Because of the decline in surgeries and revenues hospitals had to fire 20% of their staff including surgical nurses and employed physicians in New York. Thankfully, elective refractory surgeries recovered much faster than cataract procedures probably because of the age difference.
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Based on types, the ophthalmic operating room microscope market is divided into on casters, wall mount, tabletop and ceiling mounted. The highest revenue share was from the on casters ophthalmic microscopes and its CAGR growth from fiscal 2020 to 2021 was X%. The most popular type is on casters probably due to its better mobility. However, ceiling mount and wall mount are better 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.
Based on application, ophthalmic operating room microscope market is divided into cataract surgery, LASIK, keratoplasty surgery, trabeculectomy and other. Out of all these, LASIK shows the highest revenue share of CAGR X% with the growth of US$ X million in 2020 to US$ X million in 2027. This is closely followed by Cataract Surgery which had the revenue share of US$ X million in 2020 and forecasted to be US$ X million in 2027 with CAGR X%. 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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Additionally, the report provides detailed initiatives that are being taken in the field of ophthalmic operating room microscope. The market is classified into distinct regions 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 teleconsultation and higher healthcare spending.
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 develop the ophthalmic operating room microscope market.
Ophthalmic Operating Room Microscope Market Segmentation
Market Insight, by Type
Market Insight, by Application
Market Insight, by End-user
Market Insight, by Region
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