India Surgical Microscopes Market - Forecast(2024 - 2030)

India Surgical Microscopes Market Overview

The Indian surgical microscopes market size is estimated to reach $457 million by 2027. Furthermore, it is poised to grow at a CAGR of 10.8% over the forecast period of 2022-2027. The following microscopic invention allows the caregiver to obtain a stereoscopic, high quality and magnified, and illuminated image of the overall surgical area. Cystoid Macular Edema condition often requires the ophthalmologist to use surgical microscopes. Along with the following, surgical microscopes are used during the processes of retinal angiography. Similarly, vitreoretinal surgeries are highly delicate procedures that are done deep inside the eye, and hence the use of surgical microscopes is of predominant need. Moreover, optimum lighting, 3D visualization, and magnification of deep surgical fields through small approaches are some of the additional benefits it offers to the end-users. In cases where the surgeons must work on the trabecular meshwork, the surgical microscopes provide immense benefit. An increase in the minimally invasive surgeries and the increase in the long procedural surgeries are some of the identified factors driving the India Surgical Microscopes Industry forward in the projected period of 2022-2027.

Report Coverage

The report: “India Surgical Microscopes Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the India Surgical Microscopes Market.

By Type-On-Casters, Wall-Mounted, Tabletop, Ceiling Mounted, and Others.
By Application – Ophthalmology, Neurosurgery, Spine Surgery, ENT Surgery, Urology, Dentistry, Gynaecology, and Others.
By End-Users- Hospitals, Private Clinics, and Others.

Key Takeaways

• The growing technology within the market such as wide-angle illumination, red-reflex illumination, and AR within the surgical microscopes are some of the key identified drivers for the market in the projected period of 2022-2027. Lastly, the physical and clinical benefits make them a “must-have” surgical equipment.
• However, the high costs associated with the following products along with low training of professionals have hampered the growth of the market.
• A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the India Surgical Microscopes Market Report.

India Surgical Microscopes Market, By Type, 2021(%)

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India Surgical Microscopes Market Segmentation Analysis- By Type

The India surgical microscopes market based on type can be further segmented into On-Casters, Wall-Mounted, Tabletop, Ceiling Mounted, and Others. The On-casters segment held a dominant market share with 51% of the market in the year 2021. It is owing to the functionality and benefits it offers over its counterparts. The doctors or clinicians are free to maneuver the microscope by repositioning it according to their needs. Moreover, the products have excellent equilibrium and are available in single/double/ or compound wheels.

Moreover, the on-casters segment is estimated to be the fastest-growing segment with a CAGR of 11.5% over the forecast period of 2022-2027. The product can be repositioned, and in turn helps in reducing the total operative time, which in turn reduces the surgery times by around 15-17%. As per various analyses, around 8-10 hours of operative time is required for a liver transplant, hence, any margin of up to 1-1.2 hours can be saved which also reduces the chances of catching on to any SSIs. Moreover, the predominant product launches have been seen in the following category which will further allow for its growth.

India Surgical Microscopes Market Segmentation Analysis- By Application

The Indian surgical microscopes market based on the application can be further segmented into Ophthalmology, Neurosurgery, Spine Surgery, ENT Surgery, Urology, Dentistry, Gynaecology, and Others. The ophthalmology segment held a dominant market share in the year 2021. It is owing to a high number of cataract surgeries and vitreoretinal surgeries which take place in the following country. For example, diabetic retinopathy is one of the most prevalent conditions which rises with the complication of diabetes. The given population has had a high number of diabetic patients which roughly is around 77 million. The risk of developing diabetes is high owing to a sedentary lifestyle and irregular food intake.

Moreover, the ophthalmology segment is estimated to be the fastest-growing, with a CAGR of 11.7% over the forecast period of 2022-2027. It is owing to the recent projections of the government in cases arising from cataracts, which would require immediate surgery. Owing to the pandemic, a lot of surgical procedures were delayed which now are finding time and place. Lastly, predominant product innovations are happening around the following application. The following reason will allow the market to grow at a steadfast pace.

India Surgical Microscopes Market Drivers

An increase in the geriatric population has pushed cataract surgeries which in turn has boosted the demand for surgical microscopes.

Age and cataract have a long association, now researchers have culminated that for every 10 cases diagnosed with cataracts, eight of them are above the age of 65+. Additionally, as per WHO the population segment change has started taking place. As per their analysis, the global population in which India is also included has started the process of aging. As per the government report, the elderly population will rise by at least 41% in the next decade which will take the total geriatric population touch 194 million. Moreover, around 9 million cases pertaining to cataracts have been diagnosed in the country in the year 2020. The following would have been at least 1.5x times more had the pandemic not struck. The following reasons have acted and will act as a key driver for the surgical microscopes market.

The ability of surgical microscopes to reduce the operation duration hours and substantially reduce the infection risk has acted as a key driver for the market.

Researchers have culminated and have arrived at a point where they can say with confirmation that prolonged operative duration increases the risk of surgical site infection or SSIs. As per the time increments, the chances of SSIs heightened. For example, a 13%, 17%, and 37% increased likelihood for every 15min, 30min, and 60min of surgery. Moreover, developing regions are now providing long or prolonged surgical procedures especially in cases of transplants. A liver transplant takes about 8-12 hours, kidney takes about five hours. Owing to the complexity the surgical time increases, hence, doctors and hospitals are now using surgical microscopes. As they provide improved physical and clinical benefits, and lastly reduce the operative hours, and thus substantially help in curbing the cases of SSIs.

India Surgical Microscopes Market Challenges

High costs pertaining to surgical microscopes have acted as a grave market challenge.

A major challenge for the growth of the following market is the high costs associated with obtaining the equipment. Microsurgeries are now gaining traction in the west and have started taking shape in the likes of India as well. But a major challenge for the same is the lack of in-depth invasion. Hence, the surgical complications can increase manifold if the procedure goes haywire. In order to fulfill the following, the knowledge gap has to be filled. Lastly, a machine assisting in ophthalmological procedures can cost as high as INR 3.2 million. The following reasons are the major reasons stopping the growth of the market. 

India Surgical Microscopes Market Competitive Landscape

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Indian surgical microscopes market. The top 10- India surgical microscopes market companies are-

1. Carl Zeiss Meditec AG
2. Leica Microsystems
3. Olympus Corp.
4. Hagg-Streit Surgical GmbH
5. Synaptive Medical
6. Alcon, Inc.
7. Topcon Corp.
8. Takagi Seiko Co., Ltd.
9. ARI Medical Technology Co., Ltd.
10. Chammed Co., Ltd.

Recent Developments

• In October 2021, Leica Microsystems advanced its existing product. The M320 surgical microscope will now allow and use a 4K camera which will allow for better visuals as it will give stunning clarity, increase insights, and also capture the details in ultra-high resolution. Internally routed cables and its virtually jointless design make the M320 straightforward to clean, aided by antimicrobial coating to accommodate increasingly demanding hygiene protocols.
• In September 2021, Leica Microsystems enhanced its product by launching a newer generation M320 for micro-dentistry. The following microscope will allow the dental procedures to be completed with 4k visuals. Additionally, the company feels if the files are saved in ultra-high-resolution video format, they can be used in teaching young college students. Two LED light paths to distribute light homogenously and deliver a bright, crisp image. To enhance working comfort, the M320 offers a choice of objective lenses, binocular tubes, and ergonomic accessories that suit different body frames, specialties, and working preferences.
• In November 2020, Leica Microsystems launched the next generation EnFocus intraoperative OCT, which will be built into the Proveo 8 ophthalmic microscope. The product will now allow for better surgical workflow and lastly will help the surgeons in completing anterior and posterior segment surgery with utmost perfection. The product was initially used to treat and provide facilities for surgeries pertaining to the eye.

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