Medical Cameras and Microscopes Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2030

Published Date : Mar 2021 | No. of Pages : 200 Pages | Category : Healthcare

The medical cameras and microscopes market size was valued at US$ 1,105 Mn in 2020 and is projeted to expand at a CAGR 4.2% from 2021 to 2030.

The global medical cameras and microscopes market size is expected to reach around US$ 1.5 billioN by 2027.

The 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

Overview

  • 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 2018 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

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 2018, followed by Europe.
  • North America accounted for major share of the global medical cameras & microscopes market followed by Europe in 2018. 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 2019 to 2027. 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

Market Segmentation

By Product Type

  • Endoscopy Cameras
  • Dermatology Cameras
  • Ophthalmology Cameras
  • Dental Cameras
  • Surgical Microscope Cameras
  • Pathology Microscope Cameras

By Applications

  • Ophthalmology
  • ENT
  • Neurosurgery
  • Others

By End-users

  • Hospital Laboratories
  • Diagnostic Laboratories
  • Physician Offices
  • Others

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

Scope of Report

VRR’s report on the global medical cameras & microscopes market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2030. The report provides revenue of the global medical cameras & microscopes market for the period 2017–2030, considering 2020 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global medical cameras & microscopes market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global medical cameras & microscopes market.

Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global medical cameras & microscopes market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global medical cameras & microscopes market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global medical cameras & microscopes market.

The report delves into the competitive landscape of the global medical cameras & microscopes market. Key players operating in the global medical cameras & microscopes market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global medical cameras & microscopes market that have been profiled in this report.

Key Questions Answered in Global Medical Cameras & Microscopes Market Report

  • What is the scope of growth of product companies in the global medical cameras & microscopes market?
  • What will be the Y-o-Y growth of the global medical cameras & microscopes market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global medical cameras & microscopes market?
  • Will North America continue to be the most profitable market for medical cameras & microscopes providers?
  • Which factors are anticipated to hamper the growth of the global medical cameras & microscopes market during the forecast period?
  • Which are the leading companies in the global medical cameras & microscopes market?

Research Methodology

A unique research methodology has been utilized by VRR to conduct comprehensive research on the growth of the global medical cameras & microscopes market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the global medical cameras & microscopes market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of VRR’s study on the medical cameras & microscopes market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the medical cameras & microscopes market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global medical cameras & microscopes market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching VRR’s estimates on future prospects of the global medical cameras & microscopes market more reliably and accurately.


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