07.18.19

Market Scope: Advancing Technology Drives Ophthalmic OR Microscope Market to 6 Percent Growth by 2024

Source: Market Scope

Manufacturers continue to push the envelope integrating advanced technology into the surgical suite with their top-of-the-line ophthalmic OR microscopes, bringing 4K and 3-D heads-up display with integrated diagnostics—for those who can afford the price tag.

Market Scope expects the global ophthalmic operating room (OR) microscope market to grow at a healthy pace of 6 percent over the next 5 years, as 2019 revenue of $393 million climbs to nearly $526 million by 2024. Revenue will rise most sharply in Latin America and other developing regions due to expanding access to ophthalmic surgery.

The US market will represent more than 30 percent of global market revenue, primarily due to a combination of replacement of older units with newer and more advanced designs now available, along with increases in maintenance costs related to upgrading existing units.

Ophthalmic OR microscopes are used by cataract surgeons and retina, glaucoma, and cornea specialists to perform eye surgery. The devices are a necessary component to microsurgery and come with a variety of features. Prices on this equipment vary widely based on the features included, and markets tend to be limited for the very advanced microscopes—which can carry price tags more than 10 times greater than a basic microscope.

In Market Scope’s recently published “2019 Ophthalmic OR Microscopes Market Report,” we segment the market into basic, standard, and advanced microscopes. Models are grouped by price point and features, with additional analysis on the competitive landscape of each segment.

Growth over the next 5 years will be driven by demand for newer and improved optics and illumination to replace current technology; technology developments that provide superior visualization; the integration of diagnostics and surgical guidance systems; expansion of eye care services in developing markets; and increases in maintenance costs associated with upgrading existing units.

Carl Zeiss Meditec is the market leader in this segment, capturing an estimated 45 percent of ophthalmic OR microscope revenue. Other market leaders include Alcon, Leica, Haag-Streit, Topcon, Shin-Nippon, and Takagi.

Market Scope’s “2019 Ophthalmic OR Microscopes Market Report: A Global Analysis for 2018 to 2024” was published in July.

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