The global medical cameras market was valued at USD 2.8 billion in 2021 and it is anticipated to grow further till USD 5.7 billion by 2031, at a CAGR of 7.4% during the forecast period.
Global Medical Cameras Market report from Global Insight Services is the single authoritative source of intelligence on Medical Cameras Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
By delivering images during numerous medical procedures like endoscopy, spectroscopy, ophthalmology, arthroscopy, and robotic surgery, medical cameras help surgeons and clinical staff. By making a person’s internal organs visible during surgery, they aid in the diagnosis and treatment of disorders. Additionally, it creates a database of typical anatomy and physiology, making it easier to spot any irregularities in a person’s internal organs. With a regular camera, it is impossible to determine properties like water content, chemical composition, and temperature. Medical cameras using infrared technology produce different wavelengths, which are a series of events. Inflamed tissue or irregular blood flow can be found using cameras with thermal imaging capabilities.
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Market Trends and Drivers
Medical cameras are needed for a rising number of surgical procedures, which has significantly increased in recent years. The fast increasing senior population globally and the rising frequency of chronic diseases, which is driving up demand for medical equipment, are both responsible for the rising number of surgeries. The challenge of growing elder populations is one that many nations around the world are currently facing. The UN estimates that there were 703 million people worldwide who were 65 or older in 2019. In 2050, the number of seniors is predicted to increase to 1.5 billion. Older patients prefer non-invasive procedures over traditional ones since they have fewer complications. These procedures typically use endoscopy and microscope surgical cameras.
Market Restraints and Challenges
Low-megapixel camera images have a number of shortcomings. When such photos are cropped, zoomed in, or printed, the image quality suffers. Due to the numerous benefits linked to high-megapixel cameras, there is a rising demand for them. In India, endoscopic cameras used in clinics cost around US$1300, whereas prices for endoscopic cameras in hospitals range from US$500 to US$9,000. Prices for intraoral cameras range from $50 to $5,000. The number of megapixels, the type of sensor, and other factors affects camera prices.
Global Medical Cameras Market Segmental Overview
The report analyses the global medical camera market based on type, resolution, end user, and region.
Global Medical Cameras Market by Type
Based on the type, it is segmented into dental cameras, dermatology cameras, endoscopy cameras, ophthalmology cameras, surgical microscopy cameras, and other cameras. The endoscopy cameras segment is anticipated to dominate the market during the forecast period. One of the key factors propelling the market’s expansion is the increase in endoscopic treatments. Additionally, because to the advantages associated with minimally invasive surgical techniques, such as enhanced safety, fewer scarring, quicker recovery, and shorter hospital stays, there is an increase in their use. Additionally, there is a growing trend toward high-end image cameras. Moreover, a rising use of endoscopic devices in illness diagnostics has been noted, and this is another significant driver propelling the growth of the medical camera market. The demand for these tools has grown since disorders that can be identified by endoscopy are becoming more common. Endoscopic cameras of the present generation either have CCD (Charge-Coupled Device) sensors or CMOS (Complementary Metal Oxide Semiconductor) sensors.
Major Players in the Global Medical Cameras Market
The key players studied in the report are Olympus Corporation (Japan), Richard Wolf GmbH (Germany), TOPCON CORPORATION (Japan), Sony Corporation (Japan), Stryker (US), Danaher (US), Canon Inc. (Japan), Carl Zeiss AG (Germany), Smith & Nephew (UK), Carestream Dental LLC. (US), Basler AG (Germany), ATMOS MedizinTechnik GmbH & Co. KG. (Germany), IMPERX, Inc (US), IDS Imaging Development Systems GmbH (Germany), and Optomed Plc (Finland) among others.
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