What is Medical Camera Market?
Medical cameras support surgeons & clinical staff by providing images through various medical procedures including endoscopy, ophthalmology, spectroscopy, arthroscopy and robotic surgery, among others. These cameras help in diagnosing as well as treating diseases during surgery by see-through the internal organs of a person. It also generates a database of normal anatomy & physiology that makes it possible to find any abnormalities in a person’s internal organs. It used extensively used in medical imaging applications as well as devices. These are ideal for the medical sector, University, as well as Institutional application.
The market study is being classified by Type (Endoscopy Cameras, Surgical Microscopy Cameras, Dermatology Cameras, Ophthalmology Cameras, Dental Cameras and Other Cameras), by Application (Hospitals, Specialty Clinics & Ambulatory Surgery Centers and Diagnostic Centers) and major geographies with country level break-up. According to AMA, the Global Medical Camera market is expected to see growth rate of 6.8%
Sony Corporation (Japan), Leica Microsystems GmbH (Germany), Olympus Corporation (Japan), Stryker Corporation (United States), Hamamatsu Photonics K.K. (Japan), Carestream Health (Onex Corporation) (Canada), Haag-Streit USA Inc (United States), IMPERX, INC. (United States), Carl Zeiss Meditec AG (Germany) and Allied Vision Technologies GmbH (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are B. Braun Medical Inc. (United States), Carl Zeiss Meditec AG (Germany) and Nikon Corporation (Japan).
Research Analyst at AMA predicts that Japanese, German, and United States Players will contribute to the maximum growth of Global Medical Camera market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Medical Camera market by Type, Application and Region. On the basis of Type, Endoscopy Cameras are dominating the market in the year 2020
On the basis of geography, the market of Medical Camera has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Number of Surgical Procedures Which Utilize Medical Cameras
- Increasing Technological Advancements in Medical Cameras
- Increasing need of medical procedures requiring medical cameras
Restraints
Opportunities
- Favorable Laws Set By the Government & Heavy Investment in Research and Development
- High Growth Opportunities in Asia-Pacific Region
Challenges
- Health Hazards Due to Exposure to Radiation
Market Leaders and some development strategies
In March 2019, Stryker Corporation has announced that it has completed the acquisition of OrthoSpace, Ltd., medical device company headquartered in Israel. As per the company, the acquisition of OrthoSpace is highly matching to companies existing portfolio & aligns with its focus on investing in sports medicine. This acquisition is likely to support Stryker Corporation to remain competitive in the market over the near future.
Key Target Audience
Medical Camera Manufacturers, Medical Camera Distributors, Exporters, Raw Material Suppliers, Healthcare Institutions (Hospitals, Group Practices, Medical Schools, Individual Surgeons), Governing Bodies, Industry Associations and Others