Global Surgical Scopes Market – Industry Trends and Forecast to 2030

 Surgical Scopes Market Analysis and Size

According to the National Safety Council (NSC), 526,000 injuries were reported in July 2021 as a result of personal exercise, 500,000 as a result of basketball, 457,000 as a result of bicycling, and 341,000 as a result of football. In addition, the NSC reported that 199,000 swimming injuries were treated in emergency rooms. More than half of the total injuries were caused by spinal, shoulder, head, and knee injuries. As a result, increasing the number of injuries requiring medical attention boosts the market under consideration.

Data Bridge Market Research analyses that the surgical scopes market which is USD 1.23 billion in 2022, is expected to reach USD 2.90 billion by 2030, at a CAGR of 11.37% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Surgical Scopes Market Scope and Segmentation  

Market Definition

Surgical scopes are among the oldest types of medical instruments, with some of the earliest examples dating back to the year 70AD. Initially consisting of simple hollow tubes, these primitive devices evolved over time to include magnifying lenses and illumination, eventually evolving into the sophisticated surgical scopes used today.

Surgical Scopes Market Dynamics

Drivers

• Technological advancements

Product technological advancements have significantly improved vision, stability and sizing, positioning, and recording capabilities and aided in the integration of image-guided microscope systems for better results. They provide 3D visualization, optimal lighting, and magnification of deep surgical fields via small approaches. These are some of the advancements which propel the market growth.

• Rise in product innovation

Manufacturers are focusing on product innovation to increase treatment efficiency because surgical microscopes play a critical role in neurosurgeries in terms of better illumination and three-dimensional views. For instance, Leica Microsystems introduced augmented reality imaging technologies for surgical microscopes to supplement surgical microscope views for neurological procedures at the 2017 Annual Scientific Meeting of the American Association of Neurological Surgeons (AANS).

Opportunities

• High burden of mortality caused by NCDs

According to the same source, more than 15 million people worldwide die from NCDs between the ages of 30 and 69 each year. The market under consideration is expected to grow during the forecast period due to the high burden of mortality caused by NCDs, which is driving up demand for treatment procedures. Minimally invasive procedures are gaining popularity over traditional procedures because they offer more benefits.

Restraints/Challenges

• High cost

High-priced services and a lack of information will slow the market's growth rate. A lack of skilled professionals and a lack of healthcare infrastructure in developing economies will challenge the surgical scopes market.

This surgical scopes market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgical scopes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on the Surgical Scopes Market

The resumption of elective procedures and business operations by companies around the world within the given guidelines is expected to boost growth in the coming years. Increased demand for minimally invasive procedures to reduce post-surgical stay and hospital expenditure, as well as rescheduling of backlogged procedures during the pandemic, are expected to drive global demand for new surgical microscopes.

Recent Developments

• In 2021, The Rush Center for Clinical Skills and Simulation (RCCSS) and CAE Healthcare announced a simulation research collaboration to improve patient safety and healthcare education while also assisting RCCSS's own simulation research programmes. Because of this collaboration, Rush students and business partners now have access to the most cutting-edge medical simulation technologies.
• In 2021, Olympus introduced the POWERSEAL advanced bipolar surgical energy devices to expand its surgical offering.
• In 2021, According to SS Innovations, a New Delhi-based company, India's first general robotic surgery system will be available for purchase within the next 4-6 months.

Global Surgical Scopes Market Scope

The surgical scopes market is segmented on the basis of type, end-use and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Rigid Telescopes
• Flexible Scopes

Application

• Colposcopy
• Laparoscopy
• Microlaparoscopy
• Endoscopy
• Colonoscopy
• Flexible Sigmoidoscopy

End Use

• Hospitals
• Ambulatory Surgery Centers
• Others

Surgical Scopes Market Regional Analysis/Insights

The surgical scopes market is analyzed and market size insights and trends are provided by country, type, end-use and application as referenced above.

The countries covered in the surgical scopes market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the surgical scopes market due to the high awareness about surgical simulation.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the rising geriatric population, improved healthcare expenditure and supportive government initiatives. 

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The surgical scopes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for surgical scopes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical scopes market. The data is available for historic period 2011-2021.

Competitive Landscape and Surgical Scopes Market Share Analysis

The surgical scopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to surgical scopes market.

Some of the major players operating in the surgical scopes market are:

• W. L. Gore & Associates. Inc. (U.S.)
• Boston Scientific Corporation (U.S.)
• Mölnlycke Health Care AB. (Sweden)
• Medical Devices Business Services, Inc. (U.S.)
• BD (U.S.)
• TEPHA INC. (U.S.)
• Medtronic (Ireland)
• LifeCell International Pvt. Ltd. (India)
• B. Braun SE (Germany)
• Betatech Medical (Turkey)
• Ethicon Inc (U.S.)
• C.R. Bard, Inc (U.S.)
• Atrium (U.S.)

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