Medical Cameras Market Analysis and Forecast to 2031: By Type (Dental Cameras, Dermatology Cameras, Endoscopy Cameras, Ophthalmology Cameras, Surgical Microscopy Cameras, Others), Resolution (Standard-Definition Cameras, High-Definition Cameras), End User

Medical Cameras Market Analysis and Forecast to 2031: By Type (Dental Cameras, Dermatology Cameras, Endoscopy Cameras, Ophthalmology Cameras, Surgical Microscopy Cameras, Others), Resolution (Standard-Definition Cameras, High-Definition Cameras), End User (Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Others), and Region

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.

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.

Market Restraints and Challenges

Low-megapixel camera images have a number of shortcomings. When such photos are cropped, zoomed in, or printed, the image quality suffers. Due to the numerous benefits linked to high-megapixel cameras, there is a rising demand for them. In India, endoscopic cameras used in clinics cost around US$1300, whereas prices for endoscopic cameras in hospitals range from US$500 to US$9,000. Prices for intraoral cameras range from $50 to $5,000. The number of megapixels, the type of sensor, and other factors affects camera prices.

Global Medical Cameras Market Segmental Overview

The report analyses the global medical camera market based on type, resolution, end user, and region.

Global Medical Cameras Market by Type

Based on the type, it is segmented into dental cameras, dermatology cameras, endoscopy cameras, ophthalmology cameras, surgical microscopy cameras, and other cameras. The endoscopy cameras segment is anticipated to dominate the market during the forecast period. One of the key factors propelling the market's expansion is the increase in endoscopic treatments. Additionally, because to the advantages associated with minimally invasive surgical techniques, such as enhanced safety, fewer scarring, quicker recovery, and shorter hospital stays, there is an increase in their use. Additionally, there is a growing trend toward high-end image cameras. Moreover, a rising use of endoscopic devices in illness diagnostics has been noted, and this is another significant driver propelling the growth of the medical camera market. The demand for these tools has grown since disorders that can be identified by endoscopy are becoming more common. Endoscopic cameras of the present generation either have CCD (Charge-Coupled Device) sensors or CMOS (Complementary Metal Oxide Semiconductor) sensors.

Global Medical Cameras Market by ResolutionBased on the resolution, it is segmented into standard definition cameras, and high-definition cameras. High-definition cameras segment is anticipated to dominate the market during the forecast period. Due to the enormous demand for high-quality photos in the medical specialties, HD cameras are in higher demand among end users, which is principally responsible for this segment's significant market share.Global Medical Cameras Market by End User

Based on the end user, it is segmented into hospitals, specialty clinics, ambulatory surgery centers, and others. The hospital end user segment is anticipated to dominate the market during the forecast period. This is characterized by an increase in the number of hospitals, a big patient base for the target diseases, and rising healthcare costs.

Geographical Analysis of the Global Medical Cameras Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated to dominate the market during the forecast period. The significant market share of the North American region is mostly due to improvements in medical camera technology, the deployment of pro-health government programs, and an increase in surgical procedures.

Major Players in the Global Medical Cameras MarketCOVID-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.

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.

Recent Developments

• November 2020, Optomed Plc announced Aurora IQ camera with integrated AI for faster eye screening.
• May 2019, Olympus launched a small intestine endoscopy system, “power spiral” in Asia, including Hong Kong, India, Europe.
• February 2019, Carl Zeiss AG and Chrisoffel Mission for the Blind came together with a local partner, the Poona Blind Men Association, to open a new training center for the treatment of cataracts in Pune. The aim of this new center is to train ophthalmologists and medical personnel throughout the country in phacoemulsification, a modern surgical technique.

Frequently Asked QuestionsQ1. How big is the Medical Cameras market?Ans. The global Medical Cameras market size was USD 2.8 billion in 2021 and is anticipated to reach USD 5.7 billion in 2031, growing at a rate of 7.3% from 2022 to 2031.Q2. What is the Medical Cameras market growth rate?Ans. The growth rate of the Medical Cameras market is 7.3%.Q3. Which region holds a major market share for the Medical Cameras market?Ans. North America holds a major market share of the Medical Cameras market in 2021.Q4. Which segment accounted for the largest Medical Cameras market share?Ans. By type, dental cameras segment accounted for the largest Medical Cameras market share.Q5. Who are the key players in the Medical Cameras market?Q6. What are the factors driving the Medical Cameras market growth?Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.Q7. What are the key growth strategies of Medical Cameras market players?Ans. The key growth strategies of Medical Cameras market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Medical Cameras market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Medical Cameras market during the forecast period.

Please Note: This report will be delivered by publisher within 3-4 business days of order confirmation.