USD 3.11 billion
Medical Cameras Market Size, Share, Growth Analysis, By Type (Endoscopy Cameras, Dermatology Cameras), By Sensor (CMOS Sensors, CCD Sensors), 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).
Medical cameras are a technique useful for visualizing internal body parts that are difficult to see with the naked eye. Medical cameras are used in surgeries and other healthcare applications to document techniques that can be used for training and reviewing purposes. Endoscopy is an important medical tool that can be used for diagnosis or treatment. It is commonly performed using an endoscope. The medical cameras market is expected to grow at a significant rate in the coming years, owing to factors such as, increasing demand for endoscopy cameras, and technological advancements in medical devices.
The healthcare industry is experiencing growth due to technological advances and increasing demand for high-definition visuals in surgical procedures. This has created opportunities for players in the market. Medical cameras are now required throughout an increasing number of surgical procedures. The increasing number of elderly people and the heightened prevalence of chronic diseases has led to an increased demand for medical equipment, including medical cameras. According to the United Nations (UN), in 2019 there were 703 million people worldwide who were 65 years of age or older. In 2050, it is predicted that there will be 1.5 billion people over the age of 65. The demand for products in the market is predicted to grow at a rate of 4% each decade over the next few years.
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
Based on the type, The endoscopy cameras segment accounted for the largest share of the global medical camera market. The increase in endoscopy procedures is likely attributable to the growing number of people who have them done.
Analysis by Sensor
Based on the sensor, CMOS sensors saw the highest growth rate. The growth of CMOS sensors is due to their advantages over CCD sensors, most notably their increased popularity in recent years.
Global Medical Cameras Market By sensor 2021 (%)
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Medical Cameras Market Regional Insights
North America is the largest in terms of market share for the medical cameras market in 2021 and is expected to retain its position during the forecast period. The US's strong investments in research and development (R&D) are key factors contributing to its industry dominance. The European market is second largest due to the large elderly population and the relaxed government regulations that are aiding market growth. Since the economic and political uncertainty of the past few years has led to a slowdown in growth in this region, analysts predict that this trend will continue during the upcoming forecast period.
Asia-Pacific is forecast to experience the fastest growth in the medical imaging market due to the continued advancement of imaging technology and growing awareness about the benefits of timely diagnosis and treatment. These advances are being coupled with government initiatives aimed at modernizing health care infrastructure. The growth of the market is being supported by heavy investments in research and development (R&D) by countries such as China and India, as well as their efforts to develop a highly skilled workforce specializing in science and engineering. China accounts for 20%of global R&D, making it the second largest country investing in R&D as compared to the United States, which accounts for 27%. Latin American countries have a lot of potential for growth in the life science industry, due to their growing scientific infrastructure and high income levels.
Global Medical Cameras Market By Geography, 2021-2030
- Largest
- Fastest
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Medical Cameras Market Dynamics
Drivers
Increasing Number of Surgical Procedures to Bolster Market Growth
- An increasing number of surgical procedures need medical cameras. Which has significantly grown in recent years. The increasing number of surgeries is due to the growing geriatric population and the increasing prevalence of chronic diseases. This has led to the increased demand for medical equipment. Many countries are struggling with an aging population. According to the United Nations, in 2019, there were around 703 million elderly people in the world. It is estimated that the senior population will double to 1.5 billion by 2050. Non-invasive surgeries, such as endoscopy and microscopy surgery cameras, are often preferred for older people because they have fewer complications than traditional surgeries.
Restraints
High Cost to Hinder Market Growth
- Images captured using low-megapixel cameras have various drawbacks. The image quality of such pictures gets reduced while zooming in, cropping, or taking prints. Hence, There is a growing demand for high-megapixel cameras, which have many advantages. Endoscopic cameras used in clinics cost around 1300 US dollars, whereas prices for endoscopic cameras in hospitals can vary from 500 US dollars to 9000 US dollars. Intraoral cameras vary in price from USD 50 to USD 5,000. The price of cameras varies depending on the size of the camera's sensor, the type of sensor, and other features.
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Medical Cameras Market Competitive Landscape
Medical cameras are generally used by end-users, but their high cost limits their widespread adoption. To meet this challenge, market players are focusing on developing innovative products, made from affordable and easily available components. The important players are focusing on improving the functionality of their products to better serve critical surgical procedures.
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
- Canon Inc. unveiled the EOS R5C medical camera in February 2024. This is a camera designed specifically for usage in dental and medical environments. Along with several recording settings and a high-resolution CMOS sensor, the camera offers improved low-light capabilities. These capabilities, which demonstrate Canon's dedication to developing medical imaging technology, are intended to make it easier to record excellent medical images and films.
- The partnership between Olympus Corporation and Atos, which was announced in November 2023, represents a significant advancement in medical imaging technology. The goal of this collaboration is to combine machine learning and artificial intelligence to improve image quality, expedite workflow, and provide healthcare providers with real-time insights. With an emphasis on the potential of digital innovation to improve diagnostic accuracy and operational efficiency in healthcare contexts, the alliance is poised to lead the way in developing next-generation medical imaging technologies.
- The acquisition of Inomed by Stryker Corporation in October 2023 signified a noteworthy improvement in Stryker's medical camera portfolio. For $1.6 billion, Inomed, a German company that specialized in endoscopy and surgical video integration, was purchased. This calculated move has strengthened Stryker's position in the market by strengthening its portfolio, especially in the laparoscopic and arthroscopic camera categories.
Medical Cameras Key Market Trends
- The rising endoscopy procedures are one of the major factors driving the growth of the market. Additionally, There is increasing use of minimally invasive surgical techniques because they offer many benefits, such as increased safety, decreased scarring, faster recovery, and shorter hospital stay. There is a rising preference for high-quality imaging cameras. Another major factor driving the growth of the Medical Cameras market includes an increased usage of endoscopic devices has been observed in disease diagnosis.
Medical Cameras Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our medical cameras market analysis, The need for medical cameras is being driven by the rising inclination to capture high resolution digital images with exceptional clarity and precision for use in medical and healthcare applications. The ongoing improvements and alterations made to medical imaging platforms and systems also boost the demand for technologically advanced medical cameras. Medical cameras help doctors and clinicians make decisions and enable reliable diagnosis of a number of illnesses.
| 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 |
|
| 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.
Medical Cameras Market Report Snapshots
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