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.
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.
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.
COVID-19 Impact
The majority of nations have experienced COVID-19-related healthcare service disruptions; the worst affected are the US, Russia, Spain, Italy, the UK, India, Germany, and Iran. The epidemic has caused diagnostic processes to be delayed in numerous nations globally. The market for medical cameras suffered from the postponement of operations and other treatments.
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According to a study published in the Gastrojournal titled “Global Impact of the COVID-19 Pandemic on Endoscopy,” the number of endoscopic procedures carried out during the pandemic significantly decreased. Between April 23 and May 12, 2020, 252 endoscopy units around the world participated in the study. 2,069,447 endoscopic procedures were carried out by these endoscopy units in a single year. Endoscopic units reported an average 83% decrease in overall endoscopy volumes during the COVID-19 pandemic compared to baseline.
Esophagogastroduodenoscopy, endoscopic ultrasonography, and endoscopic retrograde cholangiopancreatography procedures had an 82% decrease while lower endoscopy procedures saw an 85% decrease (flexible sigmoidoscopy and colonoscopy). The decline in endoscopic procedures brought on by the pandemic might impede the market’s expansion for medical cameras.
Global Medical Cameras Market Segmentation
By Type
- Dental Cameras
- Dermatology Cameras
- Endoscopy Cameras
- Ophthalmology Cameras
- Surgical Microscopy Cameras
- Others
By Resolution
- Standard-Definition Cameras
- High-Definition Cameras
By End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgery Centers
- Others
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