Medical Camera Market Is Expected To Top A Valuation Of US$ 5 Billion By 2031
Fact.MR – a market research and competitive intelligence provider, projects the global medical camera market to have a positive outlook, expanding at a CAGR of above 8% across the 2021-2031 forecast period.
Medical cameras are used to visualize internal body parts hidden by skin & bones for clinical purposes. These cameras are used in surgeries and other healthcare applications to record techniques, which further can be utilized for training and reviewing purposes.
Medical cameras are specialized types of camera that are used for documentation of clinical demonstration of patients, medical and surgical procedures, and medical devices. These are high-resolution cameras meant for obtaining enhanced and magnified images for clear diagnosis of any kind of injury, disease, or medical anomalies.
Technological advancements in medical cameras have facilitated more clarity in images and accurate diagnosis, which, in turn, has driven their demand over the years.
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Key Takeaways from Market Study
- Global medical camera market to top US$ 2 Bn by 2031.
- Endoscopy segment projected to reach around US$ 1.5 Bn by 2031.
- Dermatology segment projected to record around 5% CAGR over the next 10 years.
- Market in Japan to record 4% CAGR over the forecast period of 2021- 2031.
- China to reach projected market size above US$ 1.1 Bn by the year 2031.
- Market in Canada projected to expand at above 5% CAGR over the next 10 years.
“Growing preference for high resolution digital images rendering excellent clarity & precision in medical & healthcare applications expected to boost demand for medical cameras,” says a Fact.MR analyst.
Key Market Segments in Medical Camera Industry Research
By Type :
- Dental Cameras
- Dermatology Cameras
- Endoscopy Cameras
- Ophthalmology Cameras
- Surgical Microscopy Cameras
By Sensor :
- Charge Couple Devices (CCD)
- Complementary Metal-oxide Semiconductors (CMOS)
By Resolution :
- High Definition Medical Cameras
- Standard Definition Medical Cameras
By End User :
- Medical Cameras for Hospitals
- Medical Cameras for Diagnostic Centers
- Medical Cameras for Academic and Research Institutes
- Medical Cameras for Ambulatory Surgery Centers
Companies leverage strategic collaborative initiatives to increase their market share and profitability. Companies operating in the market are also acquiring start-ups working to strengthen their product capabilities.
- In 2017, scientists at the University of Edinburgh, Scotland, developed a medical camera that can see through the human body. These cameras are developed to track down endoscopy devices for the investigation of internal conditions.
- In 2018, karlStroz launched a 4mm Endoscopic NIR/ICG Fluorescence Imaging System, enhancing minimally invasive neurosurgery.
- In 2019, Olympus launched a small intestine endoscopy system, ‘Power Spiral’, in Asia, including Hong Kong and India, and also in Europe.