Global $3.5 Billion Medical Cameras Market - Analysis and Forecast, 2017-2023

Global Medical Cameras Market was worth USD 2.25 billion in 2016 and estimated to be growing at a CAGR of 9.1%, to reach USD 3.5 billion by 2021. Medical Cameras assist surgeons and clinical staff by providing images during various medical procedures such as endoscopy, spectroscopy, ophthalmology, arthroscopy and robotic surgery among others. They help in diagnosing and treating diseases during surgery by revealing the internal organs of a person. It also generates a database of normal anatomy and physiology which makes it possible to identify any abnormalities in a person’s internal organs.

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Medical Cameras using infrared technology generate various wavelengths which in a series of events determines properties such as water content, chemical components and temperature which cannot be done with a normal camera. Cameras having thermal imaging feature can detect inflamed tissue or abnormal blood circulation. 3D medical imaging is used in a wide range of applications such as cosmetic surgery simulation, monitoring of rheumatoid arthritis and dental prosthesis among others. High-speed imaging techniques can capture and process the movements of a person suffering from muscular-skeletal diseases.

The Global Medical Cameras market is driven by factors such as rising need of medical procedures requiring medical cameras, growing technological advancements, favourable laws set by the government and heavy investment in research and development among other factors. However, the market is constrained by factors like health hazards due to exposure to radiation, high price of equipment and insufficient knowledge about operating the devices from workers.

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The Global Medical Cameras market is segmented on the basis of products into microscopes and medical cameras. Microscopes has the larger share in the segment and is also expected to grow fastest, owing to rising geriatric population and rising demand for microscopes in various medical applications. Based on camera type, the market is segmented into endoscopy cameras, dermatology cameras, ophthalmology cameras, dental cameras and surgery microscopy cameras. Endoscopy cameras has the largest market share in the segment due to rising number of operations done by using endoscopy technique. Based on sensor type, the market is categorized into charged couple device (CCD) and complimentary-metal-oxide-semiconductor (CMOS) sensors. CMOS has the largest share in the segment sine they consume less power, have high frame rate and low manufacturing price.

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The Global Medical Cameras market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the largest market share in the world followed by Europe. Asia-Pacific is the fastest growing market in the world. Factors like rising funding for research, growing demand for Medical Cameras in various surgical procedures and technological advancements is expected to drive the rise of this market.
Some of the major players in the market include 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).

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