Ophthalmic OR Microscopes Expected to Generate $417 Million in 2017

February 8, 2017: By Market Scope

The ophthalmic operating room (OR) microscopes market will generate $417 million in total end-user revenues during 2017, and the market will grow to nearly $575 million by 2022 at a compound annual growth rate of 6.6 percent, according to Market Scope estimates.

Much of this growth will be driven by a combination of demand for newer and improved optics and illumination to replace those currently in use, developments that provide superior visualization, the promise of better surgical results, expansion of eye care services in developing markets, and significant increases in average sales price.

Carl Zeiss Meditec is the market leader in this segment, capturing more than 50 percent of ophthalmic OR microscope revenues. Other market leaders include Alcon, Leica, Topcon, Haag-Streit, Takagi Seiko Co. Ltd, and Shin-Nippon.

Ophthalmic OR microscopes are used by cataract surgeons and retina, glaucoma, and corneal specialists to perform eye surgery. They are a necessary component to microsurgery and come with a variety of features. Prices on this equipment vary widely based on the features included. In Market Scope’s newest report, the ophthalmic OR microscope market is divided into 3 categories: basic OR microscopes, standard OR microscopes, and advanced OR microscopes. Our categories are based on features, functionality, and price point. This allows us to segment the market and provide more detail on specific competing segments. We have also included details on specific add-ons in the categories.

Advanced ophthalmic OR microscopes account for the largest segment. Their features can include integrated OCT diagnostics, light filters, LED illumination, teaching tubes, 3-D heads-up display, and surgical guidance and superior user interfaces. Standard OR microscopes are the second largest segment in the market. They typically employ halogen light sources and include several light filters for optimal visualization of the retina, and a modular format, allowing surgeons to add on features specific to their practice’s needs.

The US market represents nearly a third of global market revenues, primarily due to a combination of replacement of older units with newer designs and increases in average sales price related to the popularity of more sophisticated designs with advanced features. The fastest rate of growth is expected to occur in Latin America and other developing regions due to expansion in access to ophthalmic surgery.

Market Scope’s “2017 OR Microscope Report: A Global Market Analysis for 2016 to 2022” was published in January. For more information, contact us at 314-835-0600 or contact Katie Cannady at katiec@market-scope.com.

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