EMEA Surgical Microscopes Market Growth & Trends

The EMEA surgical microscopes market size is expected to reach USD 612.7 million by 2028, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.5% from 2021 to 2028. Technological advancements have enabled companies to design integrated surgical systems to streamline the workflow of surgical practices in hospitals and outpatient surgical centers. For example, the digitalization of surgical microscopes has transformed their quality and effectiveness. Key players in the region are conducting research activities to improve surgery efficiency. In November 2020, Leica Microsystems released Proveo 8 ophthalmic microscope, which was built around EnFocus intraoperative Optical Coherence Tomography (OCT) system. This system is expected to enhance the preoperative assessment and intraoperative tissue reaction for complex retinal surgeries. The COVID-19 pandemic led to the temporary suspension of company operations leading to disruption of the supply chain and a loss of revenue reported by manufacturers.

However, most of the companies have resumed their business operations and are expected to stabilize the market demand. The hospitals segment led the end-use segment in 2020. However, the physician clinics and other settings end-use segment is expected to exhibit the fastest CAGR during the forecast period. The growth can be credited to the high demand for advanced medical care in developed countries, such as Italy and France, and patient willingness to pay more for advanced surgical procedures for faster recovery & shorter hospital stays. In Europe, the U.K. is expected to grow at the fastest CAGR during the forecast period due to the high number of surgeries. For instance, according to the 2013 Operating Theatre project by NHS Benchmarking Network, around 10 million procedures are performed each year in England in just over 3,000 operating rooms.

EMEA Surgical Microscopes Market Report Highlights

  • The on-casters type segment led the market in 2020 and is expected to grow at the fastest CAGR during the forecast period
  • The contributing factors for the growth of this segment include advantages of on-caster systems, such as repositioning functionality and effective maneuvering that aid in reducing the duration of the surgery
  • The ENT surgery application segment is expected to exhibit the fastest ACGR during the forecast period
  • This growth is due to the rising number of reconstructive surgeries performed for creating normal appearance; improving body function; and correcting deformities as a result of trauma, aging, & injury or abnormalities caused by birth defects or medical conditions, such as cancer
  • The industry is witnessing strategies, such as product launches and M&A. For instance, in January 2021, Olympus Corp. acquired Quest Photonic Devices B.V. to boost its surgical endoscopy capabilities