23rd January 2020 – Medical
Cameras Market research report interprets definition, an investigation
of significant progress in the market. It provides overall industry survey,
product description, wide array of applications, top players, and development
forecast. It enhances understanding about that market along with new business
trends.
The global Medical Cameras Market size
is expected to value at USD 18.06 billion by 2025. The market is subject to
witness a substantial growth due to the growing importance towards
high-resolution digital images to achieve excellent clarity and precision in
medical and healthcare applications. Additionally, complete transformation of
the medical imaging platforms and systems, in the recent years, thus supporting
the need for technologically sophisticated medical cameras is anticipated to
stimulate the growth of medical camera market.
Medical cameras allows facilitation for
precise analysis of several conditions and aid in decision making for doctors
and clinicians. Globally, the medical cameras industry is predicted to grow at
higher CAGR in the forecast period, providing numerous opportunities for market
players to invest for research and development in the market of medical
cameras.
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In addition, use of medical cameras
helps to identify and determine of any particular disorder or anomaly in the
patient. Medical cameras can easily detect common symptoms by enhancing field
of view, thus offering clarity, flexibility and adaptability during the
treatment by addressing new possibilities. These factors are expected to play a
critical role for sustained market growth over the forecast period.
Increase in the number of minimally
invasive surgeries performed each years coupled with the technological advances
in the healthcare sector are likely to enlarge demand for advanced life science
equipment. The recent technological advancement coupled with development of the
novel products & techniques such as advanced digital imaging and highly
sensitive sensor technologies are expected to provide platform for the
sustained growth of medical cameras market in the upcoming years.
Growing popularity of the medical
cameras among healthcare professionals and clinicians are estimated to offer
lucrative growth opportunities for industry player over the forecast period.
Growing geriatric population and emergence of cost effective solution are
propelling market growth as well, in the recent years. Increasing need for
modernization and centralization of healthcare administration and services and
growing demand for superior quality and safety of healthcare services are
expected to pave the way for future market growth of medical cameras as well.
In addition, early adoption of medical
cameras helps to enhance care delivery given to patients, thereby positively
influencing market demand for medical cameras. Additionally, use of the medical
cameras helps to identify early symptoms diseases from going unnoticed. These
factors are expected to boost the growth of medical cameras industry over the
forecast period.
The market of medical cameras is broadly
categorized into major segments based on the technology insights such as
digital imaging (3D/2D), infrared imaging, OCT (Optical Coherence Tomography),
and liquid lens technology. The digital imaging (3D/2D) is considered as one of
the fastest growing segment in the medical camera market with substantial
revenue generation in the last few years.
Growing popularity of the digital
imaging (3D/2D) segment is attributed to the large-scale adoption of 2D or 3D
imaging across a wide range of imaging applications that ranges from dentistry
to ophthalmology and neurological procedures. The OCT (Optical Coherence
Tomography) segment has also witnessed substantial growth owing to the growing
use in the certain eye condition/diseases to carry out diagnosis and
monitoring.
The medical cameras industry is divided
by region as North America, Europe, Asia-Pacific, Latin America and Africa.
North America has shown major growth in recent years owing to the rise in the
implementation of latest technologies in healthcare sector, increase in the
number of research & development activities in the region, and existence of
well-established industrial infrastructure.
Asia-Pacific region is predicted to hold
major market share in the medical cameras with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with improved healthcare infrastructure, increasing
healthcare expenditure, rising per capita income, growing awareness among
general population and significant investment by leading industry players
considering potential growth opportunities in the region. The key players in
the medical camera industry are Carestream Health, Inc., Canon, Inc., Olympus
Co., and Stryker Co.
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