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Medical Cameras Market is Expected to Surge at A CAGR of 7.4% by 2031 | Danaher (US), Canon Inc. (Japan), Carl Zeiss AG (Germany)

05-19-2023 05:38 AM CET | Health & Medicine

Press release from: Global Insight Services

Medical Cameras Market

Medical Cameras Market

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.

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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.

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.

Report Overview- https://www.globalinsightservices.com/reports/medical-cameras-market

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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10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

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