Ophthalmic Microscopes Market Size, Share & Trends Analysis Report, By Modality (Ceiling-mounted, Table-top), By Application (Anterior Segment Surgery, Posterior Segment Surgery), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Ophthalmic Microscopes Market Size, Share & Trends Analysis Report, By Modality (Ceiling-mounted, Table-top), By Application (Anterior Segment Surgery, Posterior Segment Surgery), By End-use, By Region, And Segment Forecasts, 2023 - 2030

Ophthalmic Microscopes Market Growth & Trends

The global ophthalmic microscopes market size was estimated at USD 546.3 Million in 2022, anticipated to expand at a CAGR of 8.2% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing number of ophthalmic surgeries is a key factor driving the growth of the market. With advances in technology and increasing access to healthcare, the number of ophthalmic procedures and surgeries is growing around the globe. This is driving the demand for ophthalmic microscopes as they are essential tools for these procedures.

Ophthalmic microscopes have undergone significant technological advancements in recent years, with improved optics, lighting and imaging capabilities. These advancements have resulted in higher precision and accuracy in ophthalmic surgeries and procedures, driving the demand for most advance and latest microscopes. For instance, Leica Microsystems Company’s product Prove 8 ophthalmic microscope has IOL guidance and software that is useful for cataract surgery as it is performed through the smallest incision of any surgery on a major organ system in the human body. Such microsurgery requires the use of an operating microscope designed for small-incision techniques.

Until now, a majority of structures and translucent objects, such the capsular bag or pieces of the eye's natural lens, are invisible in normal lighting. SCI, or stereo coaxial illumination, is transforming. Thus, surgeons could see translucent components in a highly contrasted way due to the stereo coaxial illumination.

However, the pandemic has led to a global economic slowdown, which has impacted the purchasing power of healthcare facilities and individuals. This has resulted in a delay or decrease in the adoption of new ophthalmic microscopes. Also, in many regions, elective surgeries have been cancelled or postponed. This has resulted in a reduction in the number of ophthalmic surgeries and procedures, leading to a decrease in demand for ophthalmic microscopes.

Ophthalmic Microscopes Market Report Highlights

• Based on modality, the on caster segment captured highest market share in 2022 owing to the benefits these goods offer, such as their effective movement and repositioning capability needing few efforts, which helps in lowering the operation's duration
• The hospitals segment is expected to dominate the ophthalmic microscopes market as hospitals are the primary location for ophthalmic surgeries and procedures and also have larger budgets and more resources than other healthcare settings
• Anterior segment is anticipated to register the fastest CAGR growth during the forecast period, as it includes surgical procedures that involves the structures in the front portion of eye, including cornea, iris and lens
• North America dominated the ophthalmoscopes market and accounted for the largest revenue share of 38.2% in 2022 owing to the increasing number of geriatric population, well developed healthcare infrastructure

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