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Medical Camera Market

Medical Camera Market

High Definition Medical Cameras Demand To Boost the Market Growth of Medical Camera and On Basis of Product Type during 2021-2031

Medical Camera Market
FACT6636MR
  • Jul-2021
  • List of Tables : 80
  • List of Figures : 227
  • 170 Pages
  • Healthcare

Market Snapshot

According to Fact.MR, the global medical camera market was valued at around US$ 3 Bn in 2020, and is projected to expand 1.4X to top US$ 5 Bn by 2031. Demand for medical cameras for endoscopy is set to capture over 40% market share, with North America holding around 50% global market share over the decade.

Key Insights Offered in Medical Camera Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Medical Camera Sales and How to Navigate
  • Recommendation on Key Winning Strategies

Know More Details About the Report

Medical Camera Demand Analysis from 2016-2020 Vs Future Market Outlook for 2021 to 2031

As per Fact.MR – a market research and competitive intelligence provider, over the last 5 years, the global market for medical cameras expanded at close to 4% CAGR. In 2020, the market was valued at around US$ 3 Bn.

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 medical cameras is expected to lead to healthy market growth during the forecast period.

All these factors create an ideal environment for medical cameras across the world, and the market is expected to top a valuation of US$ 5 Bn by 2031.

How are Technological Advancements in Medical Cameras Driving Market Growth?

Medical cameras using infrared technology generate various wavelengths, which are a series of events that determine properties such as water content, chemical components and temperature, which cannot be done with regular camera.

Cameras having thermal imaging features can detect inflamed tissue or abnormal blood circulation. 3D medical imaging is used in various applications such as cosmetic surgery simulation, monitoring of rheumatoid arthritis, and dental prosthesis.

High speed imaging techniques can capture and process the movements of a person suffering from muscular-skeletal diseases.

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Will Increasing Surgical Procedures Surge the Need for Medical Cameras?

Medical cameras assist surgeons and clinical staff by providing images during various medical procedures. They are designed expertly to help doctors investigate the internal condition of patients.

These cameras have advanced technologies that help detect individual particles of light, called photons. These devices are small tools that enable surgeons perform various procedures through smaller incisions.

In addition, cameras are placed in one of the trocars for enhancing, enlarging, and illuminating various organs and structures, therefore providing a magnified view for better visualization and aiding in surgical procedures. 

Which Region Offers the Largest Opportunity for Medical Camera Manufacturers?

North America dominates the market with a share of around 50%, due to widespread technological advancements and presence of chief market players. Rise in the geriatric population is expected to increase the prevalence of various diseases, leading to high demand of medical cameras in the region.

Swift acceptance of latest equipment, escalating per capita spending on healthcare, and increase in investments in research & development will further boost the growth of the market in the region during the forecast period.

medical camera market by FactMR

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Country-wise Analysis

What is the Medical Camera Demand Outlook for the U.S.?

The market in the U.S. was valued at over US$ 800 Mn in 2020. Increasing funding by government agencies for the development of healthcare infrastructure and medical equipment is expected to drive market growth.

According to the National Health Expenditure Accounts (NHEA), the U.S. spent US$ 54.4 Bn on durable medical equipment in 2017. Furthermore, the medical camera market size is expanding, owing to their use in various applications in endoscopy such as gastroscopy, colonoscopy, bronchoscopy, and laryngoscopy.

The U.S. is expected to hold a dominant position over the forecast period owing to increasing prevalence of gastrointestinal diseases that require endoscopies for diagnosis. In 2018, as per the New England Journal of Medicine (NEJM), around 18 Mn endoscopies were performed in the U.S. including 11 Mn colonoscopies.

Moreover, new technological advancements are also contributing to the growth of the market in the country.

What are the Growth Opportunities for Medical Camera Providers across China?

By 2031, China is expected to have a market of roughly US$ 360 Mn. China spends 6% of its GDP on healthcare, according to estimates, and its medical equipment market has grown by double digits for the previous three decades.

China has a huge patient population mainly due to the rapidly growing senior population and subsequent increase in the prevalence of ophthalmological & dermatological diseases. Treatment for these diseases demands the use of endoscopes, retinal cameras, and intraoral cameras.

Category-wise Insights

Why are Endoscopy Cameras Gaining Immense Popularity?

Rising endoscopy procedures are one of the major factor driving the growth of the market. Furthermore, there is increasing usage of minimally invasive surgical techniques, owing to the benefits associated with it, such as increased safety, decreased scarring, faster recovery, and reduced length of hospital stay. In addition, there is rising preference for high-quality imaging cameras. Moreover, another major factor driving the growth of the Medical Cameras market includes an increased usage of endoscopic devices has been observed in disease diagnosis.

Growing prevalence of diseases that can be detected by endoscopy has increased the demand for these devices. The current generation of endoscopic cameras is either equipped with CMOS (Complementary Metal Oxide Semiconductor) sensors or CCD (Charge-Coupled Device) sensors.

Growing incidence of chronic diseases and the need for advanced diagnostics are expected to propel demand for endoscopic cameras.

How are High Definition Cameras Stimulating Market Growth?

Growing need for high-definition visuals in surgical procedures is expected to increase demand for medical cameras in hospitals. Rising shift from open surgeries to minimally invasive procedures along with advances in technology in the field of surgery have increased the need for more flexible operating rooms with advanced equipment.

There is an increasing trend of buying HD cameras for operating rooms and other medical facilities. Significant requirement of high-quality images (HD cameras) in medical specialties is expected to lead to high market growth over the forecast period.

How Has COVID-19 Impacted Demand for Medical Cameras?

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact industry growth during the forecast period.

The medical camera market has been damaged by the COVID-19 pandemic as well. Medical device makers such as pharmaceutical businesses rely heavily on healthcare facilities to obtain data for clinical trials.

Medical cameras must go through a series of pre- and post-market clinical investigations before receiving market authorization certificates. Due of the worldwide pandemic, medical camera businesses are finding it harder to make educated judgments regarding their products, supply networks, and regulatory duties.

Medical and healthcare departments are operating at full capacity to treat patients as the COVID-19 pandemic spreads. This has led to advancements in technologies and products being used in healthcare. 2021 is projected to be better, with the market regaining its original traction by 2022.

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Competitive Landscape

Major players with a prominent share in the market are focusing on expanding their customer base across several end-user industries.

  • In 2019, Carl Zeiss AG and the Christoffel Mission for the Blind (CBM) came together with a local partner, the Poona Blind Men Association, to open a new training center for the treatment of cataracts in Pune. The aim of this new center is to train ophthalmologists and medical personnel throughout the country in phacoemulsification, a modern surgical technique.
  • In 2020, Optomed Plc launched Aurora IQ camera with integrated AI for faster eye screening.

Medical Camera Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value & ‘000 Units for Volume

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Brazil
  • Mexico
  • Argentina
  • GCC
  • South Africa

Key Market Segments Covered

  • Type
  • Sensor
  • Resolution
  • End User
  • Region

Key Companies Profiled

  • Olympus Corporation
  • Sony Corporation
  • Basler AG
  • IMPERX, Inc.
  • Optomed Plc
  • IDS Imaging Development Systems GmbH
  • Danaher
  • Carestream Health, Inc.
  • Stryker Corporation
  • Richard Wolf GmbH
  • Smith & Nephew PLC
  • Leica Microsystems
  • Carl Zeiss AG
  • Hamamatsu Photonics K.K.
  • Topcon Corporation
  • Canon Inc.
Pricing

Available upon Request

Key Market Segments in Medical Camera Industry Research

  • Type

    • Dental Cameras
    • Dermatology Cameras
    • Endoscopy Cameras
    • Ophthalmology Cameras
    • Surgical Microscopy Cameras
  • Sensor

    • Charge Couple Devices (CCD)
    • Complementary Metal-oxide Semiconductors (CMOS)
  • Resolution

    • High Definition Medical Cameras
    • Standard Definition Medical Cameras
  • End User

    • Medical Cameras for Hospitals
    • Medical Cameras for Diagnostic Centers
    • Medical Cameras for Academic and Research Institutes
    • Medical Cameras for Ambulatory Surgery Centers 

Medical Camera Market: Report Scope

A recent study by Fact.MR on the medical camera market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates recent market developments, strategic market growth analysis, market size, category market growths, product approvals, product launches, geographical expansions, and technological innovations associated with medical cameras.

The study also provides the dynamics responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies manufacturing medical cameras, along with their product portfolios, enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of medical cameras across the globe.

A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of medical cameras during the forecast period. Price point comparison by region with global average price is also considered in the study.

Key Questions Answered in Report

  • Which are the most lucrative markets for medical camera?
  • Which factors will impact the growth of the market?
  • How will changing trends impact the strategies of market players?
  • How can market players capture the low-hanging opportunities across regions?
  • Which companies are leading the medical camera market?
  • What are the winning strategies of stakeholders in the market?

Analysis on Market Size Evaluation

The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).

Market estimates at global and regional levels for medical cameras are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global medical camera market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the medical camera market during the forecast period.

Country-specific valuation on demand for medical cameras has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value and volume for emerging countries has also been included in the report.

Competition Analysis

The report sheds light on leading manufacturers of medical cameras, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering medical camera has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the medical camera cleaning market.

Research Methodology

In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of medical camera market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.

Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.

- FAQs -

The global medical camera market is worth around US$ 3 Bn at present, according to Fact.MR.

The market for medical cameras is projected to rise at a CAGR of over 8% during 2021 – 2031.

The global market increased at a CAGR of close to 4% during 2016 – 2020.

Investments in healthcare facilities around the world are largely expected to shape market expansion.

Over the forecast period, endoscopic devices are likely to be a major demand driver for medical cameras.

Top 5 key manufacturers of medical cameras account for around 40% share in the global market.

Top 5 countries driving demand for medical cameras are the U.S., China, Japan, Canada, and Germany.

North America accounts for around 50% of global medical camera demand, and will continue to flourish over the years ahead.

The European market for medical cameras is projected to expand at a CAGR of more than 4% during 2021 – 2031.

The market in South Korea and Japan is set to expand at around 4% CAGR each, over the next ten years.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.