DUBLIN, Jun 15, 2021--(BUSINESS WIRE)--The "Medical Cameras Market by Camera Type (Endoscopy Cameras, Ophthalmology Cameras, Dermatology Cameras), Resolution (HD Cameras, SD Cameras), Sensor (CMOS, CCD), End-Users (Hospitals & Ambulatory Surgery Centers, Specialty Clinics) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The medical cameras market is projected to reach USD 4.1 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 7.3% during the forecast period.
Market growth is largely driven by the increasing number of surgical procedures, growing demand for endoscopic procedures, technological advancements, and increasing investments in endoscopy and laparoscopy facilities. However, the high cost of medical cameras is a major restraint for market growth. Product discontinuations, a shortage of trained medical professionals, and the availability of refurbished products are also major challenges limiting market growth to a certain extent.
The surgical microscopy cameras segment accounted for the highest growth rate in the medical cameras market, by type, during the forecast period.
Based on type, the medical cameras market is segmented into surgical microscopy cameras, endoscopy cameras, dermatology cameras, ophthalmology cameras, dental cameras, and other medical cameras. The surgical microscopy cameras segment accounted for the highest growth rate in the medical cameras market in 2020. This can be attributed to the increasing number of surgical procedures and the introduction of technologically advanced products.
CMOS Sensor segment accounted for the highest CAGR.
Based on the sensor, the medical cameras market is segmented into CMOS Sensor and CCD Sensor. In 2020, CMOS sensors accounted for the highest growth rate. The major factors driving the growth of this is the observable shift in the preference for CMOS sensors over CCD sensors due to its various advantages over CCD sensors.
High-definition (HD) cameras segment accounted for the highest CAGR.
Based on the resolution, the medical cameras market is segmented into standard-definition (SD) cameras and high-definition (HD) cameras. High-definition (HD) cameras registered the highest growth rate during the forecast period. This can be attributed to the introduction of technologically advanced products in this segment by players in the medical cameras market.
Hospitals & ambulatory surgery centres segment accounted for the highest CAGR.
Based on end-users, the global medical cameras market is segmented into hospitals & ambulatory surgery centres and speciality clinics. In 2020, the hospitals & ambulatory surgery centers segment accounted for the highest growth rate. This can be attributed to the rising number of hospitals coupled with a large patient pool for target diseases, and increasing healthcare expenditure.
Asia Pacific: The fastest-growing region in the Medical cameras market.
The medical cameras market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific is projected to register the highest CAGR during the forecast period. This can primarily be attributed to the growing patient population and increasing healthcare expenditure in emerging Asian countries.
The Increasing Number of Surgical Procedures
The Growing Demand for Endoscopic Procedures
Technological Advancements in Medical Cameras
Increasing Investments in Endoscopy and Laparoscopy Facilities
High Costs of Medical Cameras
Emerging Countries in the Asia-Pacific Market
The Shortage of Trained Medical Professionals
Availability of Refurbished Products
Atmos Medizintechnik GmbH & Co. Kg
Carestream Dental LLC
Carl Zeiss Ag
Fude Technology Group Limited
Healthtech Engineers Private Limited
IDS Imaging Development Systems GmbH
Richard Wolf GmbH
Scholly Fiberoptic GmbH
Smith & Nephew
Tonglu Kanger Medical Instrument Co., Ltd
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