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Market Outlook of Medical Cameras and Microscopes Market Highlight Progressive Growth by 2023

06-26-2017 03:40 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Market Outlook of Medical Cameras and Microscopes Market

Medical Cameras and Microscopes Market: Snapshot

The consolidated medical cameras and microscopes market has been witnessing steady growth over the years and a number of high-quality products with advanced technology are available today. Substantial investment in research and development and the implementation of favorable acts and laws have supported the growth of the medical cameras and microscopes market and will continue to do so in the years to come.

Read the Comprehensive Overview of Medical Cameras and Microscopes Market: http://www.transparencymarketresearch.com/medical-cameras-market.html

The global market for medical cameras and microscopes is poised to expand at a 4.0% CAGR from 2015 to 2023, rising from a value of US$942.6 mn in 2014 to US$1.3 bn by the end of the forecast period.

Surgical Microscope Cameras Witnessing Substantial Demand

The market is bifurcated on the basis of product into medical cameras and microscopes. Microscopes accounted for a larger share in 2014 and the segment is projected to expand at the fastest pace during the forecast period. The high growth rate of the microscopes segment can be attributed to the rising demand for the same for various medical applications as a result of an increasing percentage of geriatric population suffering from different diseases.

Medical cameras are used in a number applications: endoscopy, ophthalmology, surgery, dermatology, dental, and pathology. Surgical microscope cameras led the market for medical cameras in 2015 with ophthalmology cameras registering the highest CAGR from 2015 to 2023. The growing demand for minimally invasive surgeries is a key factor driving the demand for medical cameras.

U.S. Surges Ahead of Canada in North America Medical Cameras and Microscopes Market

The global market for medical cameras and microscopes is segmented on the basis of geography into North America, Latin America, Europe, Asia Pacific, and Rest of the World. North America is the leading revenue generator in the medical cameras and microscopes market and is likely to retain its lead throughout the forecast period. Within the North America market, the U.S. is the most prominent contributor owing primarily to the rising proportion of aged population and the increasing prevalence of diseases such as cancer. The Centers for Disease Control and Prevention states that as of 2012, around 117 million Americans were diagnosed and living with one or more chronic health conditions. The National Cancer Institute has found that in 2015, an estimated 1,658,370 new cases of cancer were diagnosed in the U.S., with a mortality of 589,430. The medical cameras and microscopes market in Canada, on the other hand, lags behind owing to the lack of medical device expertise and insufficient investment in the sector.

The Asia Pacific medical cameras and microscopes market is projected to expand at the fastest pace over the course of the forecast period, with China emerging as the leading contributor. Factors such as a rise in healthcare expenditure, the growing geriatric population, and increasing awareness in several developing countries are likely to contribute toward the expansion of the Asia Pacific medical cameras and microscopes market. Japan boasts of a burgeoning market for medical devices and materials and as a result, the country is expected to present lucrative opportunities for players in the medical cameras and microscopes market.

Request for the Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1619

Some of the leading companies in the global market are Haag-Streit USA (U.S.), Danaher Corporation (U.S.), Carl Zeiss Meditec AG (Germany), Allied Vision GmbH (Germany), Topcon Corporation (Japan), Nikon Corporation (Japan), SPOT Imaging Solutions (U.S.), JOEL Ltd. (Japan), Stryker Corporation (U.S.), and Olympus Corporation (Japan).

About TMR

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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