Medical Cameras and Microscopes Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

According to Vision Research Reports, the global medical cameras & microscopes market size is projected to surpass around US$ 1.6 billion by 2028.

Global medical cameras & microscopes market size was valued at US$ 1,110 Mn in 2020 and is expected to grow at a CAGR of 4.5% from 2021 to 2028.

Increased preference for Minimally Invasive Surgeries (MIS), Change in population demographics coupled with rise in the disease prevalence are projected to drive the global medical cameras & microscopes market during the forecast period.

The quantity of uses of optical microscopy has developed altogether throughout the most recent couple of many years. Optical microscopy discovers applications in various fields of science and industry, for example, microelectronics, biotechnology, nanophysics, and microbiology. Microscopy is generally utilized for clinical applications also. Ascend sought after for insignificantly obtrusive medical procedures has prompted an expansion in the quantity of microsurgeries performed utilizing careful magnifying lens. This thus has driven interest for careful magnifying instruments. Careful magnifying instruments have applications in a few territories, for example, ENT medical procedure, neurosurgery, dentistry, ophthalmic medical procedure, and others. Additionally, increment in the geriatric populace and commonness of illnesses have powered interest for clinical cameras utilized for analysis and treatment.

North America dominated the global medical cameras & microscopes market in 2020 and the trend is anticipated to continue during the forecast period. Highly structured health care industry, increasing proportion of geriatric population across the globe and prevalence of various diseases among them are the major factors driving the market are expected to drive the market in North America.

Asia Pacific is likely to be a highly lucrative market for retinal disorders and it is expected to expand at a high CAGR during the forecast period.

Key Drivers

  • Population socioeconomics have been fluctuating for as far back as couple of many years. The population matured 65 years or more is progressively expanding over the globe. There are currently a larger number of Americans matured 65 and more established than at some other time in U.S. history. As indicated by an ongoing report by Joint Center for Housing Studies of Harvard University (2017), the most established people born after WW2 have now passed the boundary of 65 years, populace development among long term olds is set to rise and their numbers are foreseen to take off from 21.7 million of every 2010 to 32.8 million out of 2020 and afterward to 38.6 million out of 2030.
  • Globally, the geriatric population is required to experience the ill effects of different persistent ailments. Today, three out of four Americans matured 65 years and more seasoned need to manage wellbeing concerns, for example, cardiovascular sickness, diabetes, malignant growth or persistent respiratory illnesses.
  • The maturing populace over the globe and the way that malignant growth event in people rises dramatically in the last many years of life, recommends that malignancy is required to before long supplant coronary illness as the essential driver of death universally.
  • As indicated by the data by American Clinical and Climatological Association (2018), rate of disease in those more than 65 is 10 times more noteworthy than in those more youthful than 65 and the malignancy demise rate is multiple times more prominent in patients more than 65 contrasted with more youthful patients.
  • Subsequently, with internationally expanding predominance of illnesses, there is an expansion in the interest for medical procedures and diagnostics tests which therefore support the interest for clinical gadgets including magnifying lens and cameras.

Technological Advancements with Rise in the R&D Investment to Drive Market

  • The main makers of clinical gadgets over the globe are expanding interests in item advancement to continue their piece of the overall industry. While, new players are dispatching progressed items for market entrance. The United States is the biggest clinical devices market on the global level with representing an extensive extent in the worldwide clinical devices market. Also, expanding medical care use in the non-industrial nations of Asia Pacific has prompted advancement of the clinical gadget industry.

Surgical Microscope Cameras Segment to Dominate Market

  • Based on product type, the global medical cameras & microscopes market has been divided into endoscopy cameras, dermatology cameras, ophthalmology cameras, dental cameras, surgical microscope cameras, and pathology microscope cameras. The surgical microscope cameras segment dominated the global medical cameras & microscopes market in 2018 and the trend is projected to continue during the forecast period. Surgical microscope cameras are used to obtain high resolution live images. These cameras simplify the imaging process from capture till processing this is major factor for boosting the market growth.

Neurosurgery to be Highly Lucrative Segment

  • In terms of applications, the global medical cameras & microscopes market has been classified into ophthalmology, ENT, neurosurgery, and others.
  • The neurosurgery segment dominated the medical cameras & microscopes market. This can be ascribed to the growth in prevalence of neurological conditions such as Parkinson's disease, brain tumor, comma, and paralysis that require frequent hospitalizations.

North America to Dominate Global Market

  • In terms of region, the global medical cameras & microscopes market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global medical cameras & microscopes market in 2020, followed by Europe.
  • North America accounted for major share of the global medical cameras & microscopes market followed by Europe in 2020. The dominance of these two regions was majorly attributed to the increasing prevalence of diseases coupled with the advancement in technology of the medical cameras and microscopes.
  • The medical cameras & microscopes market in Asia Pacific is anticipated to expand at a high CAGR from 2021 to 2028. Factors such as rising disposable income, increasing awareness, etc. are driving the market in this region.

Competitive Landscape

  • The global medical cameras & microscopes market is fragmented in terms of number of players. Key players in the global market include Carl Zeiss Meditec AG, Olympus Corporation, Danaher, Nikon Corporation, HAAG-STREIT GROUP, Stryker, JEOL Ltd., SPOT Imaging, a division of Diagnostic Instruments, Inc., Allied Vision Technologies GmbH, TOPCON CORPORATION among others

The global medical cameras & microscopes market has been segmented as follows:

  • Global Medical Cameras & Microscopes Market, by Product Type
  • Endoscopy Cameras
  • Dermatology Cameras
  • Ophthalmology Cameras
  • Dental Cameras
  • Surgical Microscope Cameras
  • Pathology Microscope Cameras
  • Global Medical Cameras & Microscopes Market, by Applications
  • Ophthalmology
  • ENT
  • Neurosurgery
  • Others
  • Global Medical Cameras & Microscopes Market, by End-users
  • Hospital Laboratories
  • Diagnostic Laboratories
  • Physician Offices
  • Others
  • Global Medical Cameras & Microscopes Market, by Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific          
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Report Scope

The Medical cameras and microscopes market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Medical cameras and microscopes market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Medical cameras and microscopes market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical cameras and microscopes market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Medical cameras and microscopes market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Medical cameras and microscopes capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Medical cameras and microscopes by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Medical cameras and microscopes market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Medical cameras and microscopes market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical cameras and microscopes market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Medical cameras and microscopes industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Medical cameras and microscopes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Medical cameras and microscopes market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Medical cameras and microscopes market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical cameras and microscopes market. These factors have benefited the growth of the global market for Medical cameras and microscopes. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical cameras and microscopes. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Medical cameras and microscopes are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies

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