USD 3.11 billion
Medical Cameras Market Size, Share, Growth Analysis, By Type(Endoscopy Cameras, Dermatology Cameras, Ophthalmology Cameras, Dental Cameras), By Sensor(CMOS Sensors, and CCD Sensors), By Resolution(Standard Definition (SD) Cameras, High-definition (HD) Cameras), By End Use(Hospitals & Ambulatory Surgery Centers, Specialty Clinics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2110 |
Region:
Global |
Published Date: October, 2024
Pages:
219
|Tables:
84
|Figures:
79
Medical Cameras Market Insights
Global Medical Cameras Market size was valued at around USD 3.1 billion in 2022 and is expected to rise from USD 3.3 billion in 2023 to reach a value of USD 5.9 billion by 2031, at a CAGR of 7.4% over the forecast period (2024–2031).
Rapidly increasing demand for diagnostic imaging in the healthcare industry is projected to primarily drive the sales of medical cameras over the coming years. High adoption of telemedicine and remote care trends in the healthcare industry are also expected to promote the adoption of medical cameras in the future. Advancements in sensor and camera technologies are also expected to help medical camera companies launch new products with better functionality and features. Rising demand for minimally invasive surgeries around the world is also expected to benefit sales of medical cameras in the future. High investments in healthcare infrastructure development around the world are also expected to create new opportunities for medical camera companies in the long run. On the contrary, high costs of advanced cameras, rapid technological obsolescence, limited healthcare spending potential, and shortage of skilled medical professionals are expected to be key restraints for medical camera providers across the forecast period.
US Medical Cameras Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024–2031
Global Market Size
Largest Segment
CMOS Sensor
Fastest Growth
CMOS Sensor
Growth Rate
7.3% CAGR
Global Medical Cameras Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Medical Cameras Market Segmental Analysis
Global Medical Cameras Market is segmented by Type, Sensor, Resolution, End User, and region. Based on Type, the market is segmented into Endoscopy Cameras, Dermatology Cameras, Ophthalmology Cameras, Dental Cameras, Surgical Microscopy Cameras, and Other Medical Cameras. Based on Sensor, the market is segmented into CMOS Sensors, and CCD Sensors. Based on Resolution, the market is segmented into Standard Definition (SD) Cameras, High-definition (HD) Cameras. Based on End User, the market is segmented into Hospitals & Ambulatory Surgery Centers, Specialty Clinics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
Endoscopy cameras are forecasted to account for a substantial medical cameras market share over the coming years. The growing number of endoscopy procedures around the world and high prevalence of gastrointestinal disorders, cancer, and cardiovascular diseases are projected to aid the dominance of this segment. The rising popularity of minimally invasive procedures around the world and use of endoscopy cameras in the same are also expected to boost revenue generation via this segment going forward. Increasing patient inclination towards endoscopy for diagnostics and treatment of multiple disease indications is also slated to boost the adoption of endoscopy cameras in the long run.
Meanwhile, the demand for ophthalmology cameras is forecasted to rise at a rapid CAGR over the coming years. High prevalence of ophthalmic disease indications such as cataracts, glaucoma, vitreoretinal disorder, and diabetic retinopathy are creating new opportunities for medical camera providers focusing on this segment. The need for better cameras to study intricate ocular details for precise diagnosis and treatment is promoting sales of ophthalmology cameras around the world. Rising awareness regarding eye diseases and visual impairment is also estimated to expand the business scope for ophthalmology camera suppliers through 2031 and beyond.
Analysis by Sensor
CMOS sensors are estimated to bring in the most revenue for medical camera companies over the coming years. Surging demand for high resolution medical imaging is projected to aid the dominance of CMOS (complementary metal-oxide-semiconductor) sensors in the global medical cameras industry. Advancements in CMOS sensor technologies and integration of the same with WiFi and 5G technologies are also expected to create new business scope for medical camera companies going forward. Low power consumption, low costs of production, and high speed are some key benefits of CMOS sensors that make them highly popular in the medical cameras market landscape going forward.
On the other hand, the demand for CCD sensors is estimated to increase at an impressive pace over the coming years. Production of sharper images with less noise and high flexibility are key benefits of CCD (charge coupled device) sensors. Medical applications such as endoscopy, microscopy, and ophthalmology where precise imaging is highly critical is where the adoption of CCD sensors is projected to shine bright going forward. The ability of CCD sensors to provide real-time imaging and rapid generation of images makes them a mainstay in the healthcare industry. However, significant advancements in CMOS sensor technology are expected to hurt the adoption of CCD sensors in the long run.
Global Medical Cameras Market By sensor 2021 (%)
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Medical Cameras Market Regional Insights
North America is projected to contribute significantly to the rapidly increasing global medical cameras market size in the future. Quick adoption of advanced medical imaging technologies, presence of a developed healthcare ecosystem, and the high spending potential of healthcare establishments are boosting sales of medical cameras in this region. The United States is forecasted to bring in the most revenue for medical camera companies followed by Canada in North America through 2031. High investments in the R&D of novel camera technologies and supportive government funding for the same are also slated to supplement the dominance of this region going forward.
The Asia Pacific region is expected to emerge as the fastest-expanding regional market for medical camera companies in the world. Rapidly increasing adoption of novel medical imaging technologies and growing investments in digitization of the healthcare infrastructure are creating new opportunities in this region. The presence of key camera manufacturers and increasing launch of new medical cameras are also slated to benefit market development in the long run. Japan, China, and India are forecasted to be key markets owing to rising patient population and high adoption of medical cameras in these countries. Preference for minimally invasive surgeries is also slated to bolster sales of medical cameras in this region.
Global Medical Cameras Market By Geography, 2021-2030
- Largest
- Fastest
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Medical Cameras Market Dynamics
Medical Cameras Market Drivers
Advancements in Imaging Technologies
- Investments in the advancements of imaging technologies have resulted in the creation of better cameras with higher clarity and resolution. These advancements are improving the capabilities of medical cameras and allowing healthcare professionals to detect and diagnose medical conditions with improved accuracy and efficiency. This is projected to bolster sales of advanced medical cameras in the future.
Rise of Telemedicine and Teleconsultation
- Medical cameras play a vital role in telemedicine, teleconsultation, and remote care applications. Growing adoption of the practices in healthcare is expected to make medical cameras a highly important asset in healthcare establishments around the world. Designing and launching new medical cameras for these applications is slated to offer good returns for medical camera companies going forward.
Medical Cameras Market Restraints
High Cost of Advanced Cameras
- Advanced medical cameras are equipped with novel technologies and sensors that are quite expensive and thereby result in an expensive product as well. Not all healthcare establishments have the budget for these advanced medical cameras, which is why these high costs are expected to impede medical cameras market outlook in the future.
Rapid Technological Obsolescence
- Camera and sensor technologies are advancing at a rapid pace, and this results in medical cameras being rendered old quite fast and shortens the overall product lifecycle as well. Due to this rapid technological obsolescence, healthcare companies might delay their purchase of medical cameras and inhibit the overall medical camera sales outlook on a global level through 2031.
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Medical Cameras Market Competitive Landscape
Medical camera manufacturers should focus on launching new products that are advanced as well as affordable to maximize their sales potential. Investing in the development of new sensors and integration with advanced technologies can also improve the capabilities of medical cameras going forward. Collaborations and partnerships are expected to be highly vital in reducing time-to-market for several medical cameras in the long run.
Top players company profiles
- Olympus Corporation
- Richard Wolf GmbH
- Topcon Corporation
- Sony Corporation
- Stryker Corporation
- Danaher
- Canon Inc.
- Carl Zeiss AG
- Smith & Nephew
- Carestream Dental LLC
- Basler AG
- Atmos Medizintechnik GmbH & Co. KG
- Imperx, Inc.
- IDS Imaging Development Systems GmbH
- Optomed PLC
- Haag-Streit Group
- Cymo B.V.
- Diaspective Vision
- Dage-MTI
- Fude Technology Group Limited
- HealthTech Engineers Private Limited
- Scholly Fiberoptic GmbH
- Medicam
- ESC Medicams
- Tonglu Kanger Medical Instrument Co., Ltd.
Recent Developments in Medical Cameras Industry
- In September 2024, Stryker, a leading medical device provider announced the launch of its new medical camera for the Indian market. The new 1788 Advanced Imaging Platform capable of delivering high resolution images was launched for multiple specialties to enhance patient outcomes in the country.
- In November 2024, AVer Information Inc., a leading education technology company announced the launch of its new medical-grade camera for patient monitoring and telehealth applications. MD720UIS is equipped with edge AI technology to keep with smart healthcare adoption around the world.
- In September 2024, Olympus Corporation, a renowned medical technology organization announced the launch of its new 4K camera head in Europe. CH-S700-08-LB was designed and launched for endoscopic urology and gynecology procedures. The product was developed through a joint venture between Olympus and Sony Corporation.
Medical Cameras Key Market Trends
- 3D and 4K Imaging Technologies: Use of 3D and 4K imaging technologies and cameras is increasing rapidly in the healthcare industry. Enhanced depth perception and exceptional clarity are offered by these technologies, thereby making them a mainstay for the future of medical imaging. Diagnostic accuracy and surgical precision can also be enhanced through the use of advanced 3D and 4K medical cameras going forward.
- Integration of Artificial Intelligence: Medical camera providers should focus on integration of artificial intelligence with their products to provide enhanced features and functionality. AI enhances imaging by identifying abnormalities in real-time, reducing diagnostic errors, and improving workflow efficiency, which is why its integration with cameras is a popular medical cameras market trend for the future.
Medical Cameras Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing use of diagnostic imaging and rising demand for telemedicine and teleconsultation are projected to drive medical cameras market growth in the future. On the contrary, the high costs of advanced cameras and rapid technological obsolescence are slated to impede market development potential. North America is estimated to remain the top market for medical camera providers owing to high use of advanced medical imaging technologies and the rising number of minimally invasive procedures. Integration of artificial intelligence and development of 3D and 4K cameras are expected to offer solid returns on investments for companies in the long run. CMOS sensors are expected to maintain their dominance across the study period and beyond.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 3.1 billion |
| Market size value in 2031 | USD 5.9 billion |
| Growth Rate | 7.4% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Medical Cameras Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Medical Cameras Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Medical Cameras Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical Cameras Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical Cameras Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Medical Cameras Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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