According to the new market research report "Medical Cameras Market by Camera Type (Endoscopy Cameras, Ophthalmology Cameras, Dermatology Cameras), Resolution (HD Cameras, SD Cameras), Sensor (CMOS, CCD), End-Users (Hospitals & Ambulatory Surgery Centers, Specialty Clinics) - Global Forecast to 2026", published by MarketsandMarkets™, the global Medical Cameras Market is projected to reach USD 4.1 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 7.3% during the forecast period.
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Browse in-depth TOC on "Medical Cameras Industry"
166 – Tables
38 – Figures
185 – Pages
Endoscopy Cameras accounted for the larger share of the share of global medical cameras Industry in 2020.
Based on type, the medical cameras market is segmented into surgical microscopy cameras, endoscopy cameras, dermatology cameras, ophthalmology cameras, dental cameras, and other medical cameras. The Endoscopy cameras segment accounted for the largest share of global medical cameras market. This can be attributed to the increasing number of endoscopy procedures across the globe.
By sensor, the CMOS Sensor segment accounted for the largest industry share in 2020.
Based on sensor, the medical cameras market is segmented into CMOS Sensor and CCD Sensor. CMOS Sensors accounted for the largest share of the global medical cameras market in 2020. This can be attributed various advantages of CMOS sensors over CCD sensors, such as low power consumption, ease of integration, and faster frame rate. Moreover, the cost of manufacturing these sensors is lower than that of CCD sensors.
By Resolution, High-definition cameras accounted for largest industry share in 2020
Based on resolution, the medical cameras market is segmented into standard-definition (SD) cameras and high-definition (HD) cameras. High-definition cameras accounted for the largest share of the global medical cameras market in 2020. The large share of this segment can primarily be attributed to the greater demand for HD cameras among end users due to the significant requirement of high-quality images in medical specialties.
Hospitals & ambulatory surgery centers are the largest end-users of the medical cameras market
Based on end users, the global medical cameras market is segmented into hospitals & ambulatory surgery centers and specialty clinics. Hospitals & ambulatory surgery centers accounted for the largest share of the global medical cameras market in 2020. This can be attributed to the increasing number of hospitals, especially in India, China, and Africa, and growing government & private investments to upgrade healthcare infrastructures.
North America accounted for the largest share of the medical cameras Industry
The market is divided into five regions, namely, North America, Europe, Asia Pacific, and the Rest of the World. North America dominated this market. The large share of the North American region is mainly attributed to the technological advancements in medical cameras, the implementation of favourable government initiatives, and the rise in the number of surgical procedures.
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Key Market Players:
Olympus Corporation (Japan), Richard WOLF GmbH (Germany), TOPCON CORPORATION (Japan), Sony Corporation (Japan), Stryker Corporation (US), Danaher Corporation (US), Canon Inc. (Japan), Carl Zeiss AG (Germany), Smith & Nephew (UK), Carestream Dental LLC (US), and Basler AG (Germany)
Market Growth Drivers
- The increasing number of surgical procedures
- The growing demand for endoscopic procedures
- Technological advancements in medical cameras
- Increasing investments in endoscopy and laparoscopy facilities
Market Challenges
- Product discontinuation
- The shortage of trained medical professionals
- Availability of refurbished products
Recent Developments:
- In 2020, Optomed Plc launched Aurora IQ camera with integrated AI for faster eye screening.
- 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.
Report Objectives
- To define, describe, and forecast the global medical cameras market based on type, sensor, resolution, end user, and region.
- To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall medical cameras market
- To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders.
- To forecast the size of the global medical cameras market with respect to four main regions (along with countries), namely, North America, Europe, the Asia Pacific, and the Rest of the World
- To strategically profile the key players in the global medical cameras market and to comprehensively analyze their core competencies and market shares.
- To track and analyze competitive developments such as agreements, partnerships, acquisitions, and product launches in the global medical cameras market.
Report Link: ( Medical Cameras Market )
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