Medical Camera Market 2022 Size, Growth Strategy [+CAGR of 7.4%] | Developing Technologies and Forecast by 2031

Pune, Maharashtra, India, September 16 2022 (Wiredrelease) Prudour Pvt. Ltd –:A medical camera is a type of camera used to take pictures or record videos inside the human body. They are commonly used in endoscopy, a procedure where doctors insert a long, thin tube with a camera into the patient’s body to look for problems. Medical cameras can also be used in other types of procedures, such as laparoscopy (a surgery performed through small incisions in the abdomen) and arthroscopy (a minimally invasive surgery performed on joints).

The medical cameras market is projected to reach USD 4.2 billion by 2026 from USD 3.1 billion in 2021, at a CAGR of 7.4% during the forecast period.

There are many cameras that can be used for various imaging purposes, including laparoscopy, endoscopy, gynecology, surgical, and ear, nasal, and throat (ENT) cameras. The technological advancements in medical cameras have made it easier to see clearly and provide accurate diagnosis. This has led to a rise in demand for medical cameras in the market.

The increasing demand for surgical procedures, technological advances, and increased investments in laparoscopy and endoscopy facilities are all driving market growth. The high cost of medical cameras is a significant barrier to market growth. Market growth is limited by the possibility of product discontinuations, shortages of qualified medical professionals, as well as the availability of refurbished products.

Global Medical Cameras Market Dynamics: DRIVER

In recent years, medical cameras have been required for increasing numbers of surgical procedures. A growing number of surgeries is due to the growing geriatric population around the world and an increase in chronic diseases. This has led to a greater demand for medical equipment. Many countries face the challenge of an increasing number of senior citizens. According to the United Nations (UN), there were 703 million people over 65 in 2019 worldwide. The world’s senior population is expected to increase from 703 million to 1.5 billion by 2050. Non-invasive surgery is preferred by older patients due to fewer complications than conventional procedures.

RESTRAINT

Images from low-megapixel cameras are subject to several problems. Low-megapixel cameras can result in a reduced image quality, especially when zoomed, cropped or printed. Due to the many benefits associated with high-megapixel cameras, there is an increasing demand. India has a low cost for endoscopic cameras. Prices in hospitals range from USD 500 to USD 9,900. Intraoral camera prices range from USD 50 up to USD 5,000. Camera prices will vary depending on how many megapixels you choose, the sensor type and other features.

Recent Developments

Optomed Plc’s 2020 Aurora IQ camera was launched with integrated AI. It allows for faster eye screening.
Carl Zeiss AG joined the Christoffel Mission for the Blind in 2019 to open a new training centre for the treatment and prevention of cataracts in Pune. This center will train both ophthalmologists as well as medical personnel in phacoemulsification.

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Key Benefits

– This study will provide an in-depth analysis of the global “Medical Camera” market, current and future trends to help investors understand the potential investment opportunities.

– You will find information on the market’s key drivers, their limitations and potential impacts, as well as the impact of these factors on Medical Camera market size.

– Porter’s Five Forces Analysis illustrates the potential of buyers and suppliers in the industry.

– To determine market potential, a quantitative analysis of the market from 2016-2022 is performed.

Competitive Strategy 

To improve their market position on the global Medical Camera marketplace, key players now focus on product innovations, mergers/acquisitions, recent developments and joint ventures, collaborations, and partnerships. Market players compete based on product quality. This market is dominated by major players who invest in R&D, manufacturing, and infrastructure development. They also look to integrate opportunities across the value chain.

Key Takeaways from the Competitive Landscape Section:

* A comprehensive overview of the profiles of each company of interest

* Participation in revenue share

* Analysis of each key player’s industrial chains

* Business growth strategies mastered by top market players

Key players operating in the global Medical Camera market are:

Olympus
Sony
Carestream Health
Stryker
Richard Wolf Gmbh
Smith & Nephew
Leica Microsystems
Carl Zeiss
Hamamatsu Photonics
Topcon

Worldwide Medical Camera Market Segmentation

Analysis by Product Type

Endoscopy
Surgery
Dermatology
Ophthalmology
Dental

Analysis by Applications Type

Hospitals
Diagnostic Centers
Speciality Clinics
Ambulatory Surgery Centers

Regional Segment Analysis of the Medical Camera Market

– North America (U.S., Canada, Mexico)

– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

– Asia-Pacific (China, Japan, India, Rest of APAC)

– South America (Brazil and the Rest of South America)

– The Middle East and Africa (UAE, South Africa, Rest of MEA)

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Research Methodology by Market.us

Five phases will be used to conduct research on the keyword market. These include primary research as well as secondary research. Subject matter expert advice and quality control are also included. After gaining a better understanding of the requirements, secondary research was conducted to identify segment specifications, qualitative and quantitative data as well the factors driving the market growth. Secondary sources used in the study are press releases, annual reports from companies and research papers that relate to the industry.

For precise information on market expansion opportunities, data was also gathered from various sources, including trade journals, industry magazines, government websites and associations. Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Faction, Bloomberg, One Source and Hoovers, which proved to be useful for in-depth technical study of the market.

This report answers the following 12 key questions

1. Is Medical Camera a booming industry?

2. How big is the Medical Camera market?

3. How fast is the Medical Camera industry growing?

4. Who are the key players in Medical Camera?

5. Which industry uses Medical Camera the most?

6. What is the Medical Camera market growth?

7. Which region held the largest arMedical Camera market share?

8. What factors drive the Medical Camera market?

9. What are the business risks and threats to the market?

10. What are the emerging trends in this market and the reasons behind them?

11. What are some changing demands of customers in the market?

12. What are the new developments in the market? Which companies are leading these developments?

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TOC Highlights:

Chapter 1 Preface

This segment provides opinions of key participants, an audit of Medical Camera industry, market outlook across key regions, financial services, and various challenges faced by Medical Camera market. It briefly introduces the global Medical Camera market. This section depends on the Scope of the Study and Report Guidance.

Chapter 2 Executive Summary

It elaborated market outlook by segmentation in Medical Camera market. In addition, it also represents the market snapshot covered in the report.

Chapter 3 Market Dynamics

This section comprises current market dynamics in the Medical Camera market. Such as key driving factors, major opportunities areas, restraining factors, & recent trends in Medical Camera market. It also includes SWOT analysis and Porter’s five force analysis. This help to identify the key growth factors and challenges in the Medical Camera market.

Chapter 4 Global Medical Camera market Analysis, Opportunity, and Forecast, 2016-2032

This chapter comprises the current scenario of the Global Medical Camera market in 2021, including forecast estimation for 2023-2032.

Chapter 5 Geographic Analysis

This section has covered in-depth regional market share analysis and carefully scrutinized it to understand its current and future growth, development, and demand scenarios for this market.

Chapter 6 Covid-19 Impact

This section briefly describes the positive and negative impact of the COVID-19 Pandemic on the Global Medical Camera Market. 

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Chapter 7 Pricing Analysis

This chapter provides price point analysis by region and other forecasts.

Chapter 8 Competitive Landscape

It includes major players in the Medical Camera market. Moreover, it also covers the detailed company shares analysis in the report based on their product’s demand, and market served, the number of products, applications, regional growth, and other factors.

Chapter 9 Research Methodology

The research methodology chapter includes the following main facts,

9.1 Coverage

9.2 Secondary Research

9.3 Primary Research

Chapter 10 Conclusion

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