Global surgical microscopes market to reach $1.4b by 2030

Thanks to an increased demand in various medical fields.

The global surgical microscopes market, valued at $613m in 2020, is projected to reach $1.4b by 2030 at a compound annual growth rate (CAGR) of 8.6%, according to Valuates Reports.

The sector’s expansion is attributed to an increasing demand in various medical fields, such as the growing need for precision in ear, nose, and throat surgeries.

“These procedures often require extreme precision, particularly in delicate regions, such as the inner ear or nasal cavities,” the report said.

In ophthalmology, the demand for surgical microscopes is significant, as high magnification and clear visualisation are essential for cataract removal, retinal repairs, and glaucoma treatment.

Moreover, an increase in neurological conditions has led to more neurosurgical interventions, increasing the demand for high-precision microscopes.

The uptick of outpatient facilities is also fuelling the sector, as outpatient surgeries gain traction for being cost-effective and convenient.

“The rise of ambulatory surgical centres (ASCs) and a broader shift towards outpatient care are contributing to the increased need for compact, advanced surgical microscopes, driving market growth,” it added.