The global Medical Cameras market size is expected to be worth around US$ 28.06 billion by 2030, according to a new report by Vision Research Reports.
Medical cameras have gained an indispensable position in modern medicine. Images and videos released from medical cameras are currently used across life science applications where visual study requires documentation. These cameras find an array of application majorly in microscopy, ophthalmology, pathology, endoscopy, lab automation, biomedical research, rheumatology, and other specialties.
These products ensure accurate diagnosis thereby facilitating the doctors to make precise and appropriate interpretations. Performance benchmarks are increasing to ensure better healthcare delivery, owing to the increasing private funding and investments in healthcare facilities and infrastructure. Consistent technological advancements coupled with increased acceptance and application of products is expected to exhibit good market growth during the forecast period. However, medical images and videos are highly sensitive healthcare records and hence use of camera technologies and products are restrained.
The market on the basis of application is witnessing significant growth in the endoscopy segment, owing to wide range of use in examinations of the gastrointestinal tract, the respiratory tract and other procedures such as laparoscopy, arthroscopy, cystoscopy, obstetrics, bronchoscopy, laryngoscopy, mediastinoscopy and others. By technology, digital imaging (2D/3D) segment occupied the largest market share, owing to several advantages such as instant examination of the images, and can be recaptured if necessary and no film purchase or development costs are involved.
The application segment is bifurcated into endoscopy, dermatology, ophthalmology, dental, and others. Endoscopy is the largest segment, owing to the use of life science imaging techniques for conducting surveillance in tight spaces such as hollow organ or cavity of the body. Endoscopy has altered the view point of detecting diseases and conducting surgeries and its preference is increasing due to the demand for minimally invasive surgeries globally. Cameras used in endoscopy ensure superior quality in image and ensures ergonomic usage due to its small size and lightweight camera head.
However, dermatology is expected to be the fastest growing segment due to increase in dermatological diseases and complications and the gradual rise in the use of life science cameras to diagnose dermatological conditions. For instance, the rise in skin cancer cases due to environmental pollution and the increasing emissions from the sun - visible light, heat, and UV radiation is a serious concern. However, skin cancer cameras employ the use of super-high resolution to capture the body for better detection of cancer.
By technology, the segments are Digital imaging (3D/2D), Infrared, OCT (Optical Coherence Tomography), and Liquid lens technology. The Digital imaging (3D/2D) technology holds the largest market share in the year 2015, owing to the wide use of 2D or 3D imaging across a wide range of imaging applications, from dentistry to ophthalmology and neurological procedures.
On the other hand, OCT (Optical Coherence Tomography) for its diagnosis and monitoring uses in certain eye conditions/diseases. It is mainly used in generating cross-section images of the retina and its sub-surface layers. Other prominent applications of OCT are to study diseases such as age-macular degeneration (AMD), diabetes, glaucoma, neoplasm of the choroid, cranial nerves, among others.
North America is the largest in terms of market share for medical cameras market in 2015 and is expected to retain its position during the forecast period. The extensive technological advancements and major market players located in the United States, along with its high investments in research and development (R&D) is the underlying factor for their dominance in the industry. On the other hand, Europe is the second largest life science device technologies market due to the increased geriatric (old age) population combined with the relaxed government regulations aiding the market growth. However, owing to the economic uncertainty and political instability over the past few years this region is expected to witness a sluggish growth rate during the forecast period.
Asia-Pacific is expected to be the market exhibiting fastest growth owing to the continuous advancements in imaging technology, increasing awareness about the timely diagnosis and treatment coupled with rigorous government initiatives implemented to modernize health care infrastructure. Heavy investments in R&D by countries such as China, and India and their efforts in developing a highly skilled workforce specializing in science and engineering is contributing to the growth of the market. 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 like Brazil and Mexico are the regions that have significant potential for growth due to developing life science infrastructure, and high disposable income.
Carestream Health, Inc., Canon, Inc., Olympus Corporation, and Stryker Corporation.
Digital imaging (3D/2D)
OCT (Optical Coherence Tomography)
Liquid lens technology
The Medical Cameras 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 market for the base year 2020 and the forecast between 2021 and 2030. 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 market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Cameras 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 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 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 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 market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. 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 market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical Cameras 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 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.
The Medical Cameras 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 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 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 market. These factors have benefited the growth of the global market for Medical Cameras. 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. 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 are as follows:
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
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 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.
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: