EMEA Surgical Microscopes Market Size is Estimated to Witness 10.95% CAGR till 2030

The EMEA Surgical Microscopes Market size is expected to reach USD 761.9 million by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 10.95% from 2022 to 2030. 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 Provo 8 ophthalmic microscope, which was built around InFocus intraoperative Optical Coherence Tomography (OCT) system.

This system is expected to enhance the preoperative assessment and intraoperative tissue reaction for complex retinal surgeries. The on-casters microscopes segment led the type segment in 2021 and is expected to grow at the fastest CAGR during the forecast period. The contributing factors for the growth of this segment include advantages, such as repositioning functionality and effective maneuvering that aid in reducing the duration of the surgery. 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.

Related Press Release@ EMEA Surgical Microscopes Market Report

EMEA Surgical Microscopes Market Report Highlights

  • Based on application, the ENT surgery segment is expected to exhibit the fastest CAGR during the forecast period due to the rising volume of reconstructive surgeries
  • The hospitals segment led the end-use segment in 2021. However, the physician clinics & others segment is expected to exhibit the fastest CAGR during the forecast period
  • The growth can be attributed to the high demand for advanced medical care in developed countries, such as Italy & France, and patient willingness to pay for advanced surgical procedures for faster recovery & shorter hospital stays
  • The presence of sophisticated healthcare facilities, availability of highly advanced equipment & skilled neuro & cosmetic surgeons, increase in the number of surgical facilities, and rise in the preference for outpatient settings for microsurgical procedures are among the factors driving the growth of Europe surgical microscopes market
  • The industry is witnessing strategies, such as product launches and mergers & acquisitions. For instance, in January 2021, Olympus Corp. acquired Quest Photonic Devices B.V. for up to EUR 50 million involving milestone payments, to boost its surgical endoscopy capabilities

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