Medical Cameras Market Size to Hit US$ 28.06 Bn by 2030

The global Medical Cameras market size is expected to be worth around US$ 28.06 billion by 2030, according to a new report by Vision Research Reports.

The Research Report Titled Medical Cameras Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030 market, size, forecast and overview on current market trends.

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Growth Factors

 Medical cameras have gained an indispensable position in modern medicine. Images and videos released from medical cameras are currently used across life science applications where visual study requires documentation. These cameras find an array of application majorly in microscopy, ophthalmology, pathology, endoscopy, lab automation, biomedical research, rheumatology, and other specialties.

These products ensure accurate diagnosis thereby facilitating the doctors to make precise and appropriate interpretations. Performance benchmarks are increasing to ensure better healthcare delivery, owing to the increasing private funding and investments in healthcare facilities and infrastructure. Consistent technological advancements coupled with increased acceptance and application of products is expected to exhibit good market growth during the forecast period. However, medical images and videos are highly sensitive healthcare records and hence use of camera technologies and products are restrained.

The market on the basis of application is witnessing significant growth in the endoscopy segment, owing to wide range of use in examinations of the gastrointestinal tract, the respiratory tract and other procedures such as laparoscopy, arthroscopy, cystoscopy, obstetrics, bronchoscopy, laryngoscopy, mediastinoscopy and others. By technology, digital imaging (2D/3D) segment occupied the largest market share, owing to several advantages such as instant examination of the images, and can be recaptured if necessary and no film purchase or development costs are involved.

Report Highlights

The application segment is bifurcated into endoscopy, dermatology, ophthalmology, dental, and others. Endoscopy is the largest segment, owing to the use of life science imaging techniques for conducting surveillance in tight spaces such as hollow organ or cavity of the body

dermatology is expected to be the fastest growing segment due to increase in dermatological diseases and complications and the gradual rise in the use of life science cameras to diagnose dermatological conditions.

By technology, the segments are Digital imaging (3D/2D), Infrared, OCT (Optical Coherence Tomography), and Liquid lens technology. The Digital imaging (3D/2D) technology holds the largest market share in the year 2015, owing to the wide use of 2D or 3D imaging across a wide range of imaging applications, from dentistry to ophthalmology and neurological procedures.

On the other hand, OCT (Optical Coherence Tomography) for its diagnosis and monitoring uses in certain eye conditions/diseases. It is mainly used in generating cross-section images of the retina and its sub-surface layers. Other prominent applications of OCT are to study diseases such as age-macular degeneration (AMD), diabetes, glaucoma, neoplasm of the choroid, cranial nerves, among others.

North America is the largest in terms of market share for medical cameras market in 2015 and is expected to retain its position during the forecast period. The extensive technological advancements and major market players located in the United States, along with its high investments in research and development (R&D) is the underlying factor for their dominance in the industry.

Asia-Pacific is expected to be the market exhibiting fastest growth owing to the continuous advancements in imaging technology, increasing awareness about the timely diagnosis and treatment coupled with rigorous government initiatives implemented to modernize health care infrastructure.

Key Players

Carestream Health, Inc., Canon, Inc., Olympus Corporation, and Stryker Corporation.

Market Segmentation

  • Application Outlook 

    • Endoscopy

    • Ophthalmology

    • Dermatology

    • Dental 

    • Others

  • Technology Outlook 

    • Digital imaging (3D/2D)

    • Infrared

    • OCT (Optical Coherence Tomography)

    • Liquid lens technology

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

      • Saudi Arabia

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical Cameras market. These factors have benefited the growth of the global market for Medical Cameras. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical Cameras. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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