The global Medical Cameras Market in terms of revenue was estimated to be worth $2.9 billion in 2021 and is poised to reach $4.1 billion by 2026, growing at a CAGR of 7.3% from 2021 to 2026. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The market's 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 on 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.

Some of the major players operating in this market are Olympus Corporation (Japan), Richard Wolf GmbH (Germany), and TOPCON CORPORATION (Japan). In 2020, Olympus Corporation held the leading position in the global market. The company offers camera heads widely used across various specialties, including general surgery, ENT, urology, and OR integration. Richard Wolf GmbH held the second position in this market in 2020.

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Medical Cameras Market Dynamics

Driver: The increasing number of surgical procedures

An increasing number of surgical procedures require medical cameras, which have considerably grown in recent years. The growing number of surgeries can be attributed to the rapidly growing geriatric population worldwide and the increasing prevalence of chronic diseases, leading to an increased demand for medical equipment. Many countries across the world are facing the challenge of increasing senior populations. According to the United Nations (UN), there were 703 million people aged 65 and up in the world in 2019. The senior population is estimated to double to 1.5 billion in 2050. Non-invasive surgeries (mainly using endoscopy and microscopy surgery cameras) are preferred for older people due to fewer complications than conventional surgeries.

Restraint: High costs of medical cameras

Images captured using low-megapixel cameras have several drawbacks. The image quality of such pictures gets reduced while zooming in, cropping, or taking prints. Hence, there is a growing demand for high-megapixel cameras owing to the various advantages associated with them. Endoscopic cameras used in clinics (in India) cost ~ USD 1300, whereas endoscopic camera prices in hospitals vary from USD 500 to USD 9,000. Intraoral cameras range from USD 50 to USD 5,000. Camera prices vary depending on megapixel sizes, sensor types, and other features.

Opportunity: Emerging countries in the Asia Pacific market

The Asia Pacific region presents significant growth opportunities for the medical cameras market. Owing to its massive patient population, the rapid expansion of the healthcare industry, and the shifting focus of manufacturers towards developing countries in this region.

China and India, the two most populous countries globally, have a huge patient population, mainly due to the rapidly growing senior population and the subsequent increase in the prevalence of ophthalmological and dermatological diseases. Treatment for these diseases demands the use of endoscopes, retinal cameras, and intraoral cameras.

Challenge: The shortage of trained medical professionals

There is a significant shortage of endoscopy physicians and surgeons worldwide. According to the Association of American Medical Colleges (AAMC), by 2020, the US will face a shortfall of around 1,050 gastroenterologists. The demand for colonoscopies is expected to rise by 10% in the country. This shortage of trained professionals in endoscopy also extends to regions such as the Asia Pacific, Latin America, and Europe (excluding the UK, where training has been provided for nurse endoscopists for the last ten years by the United Kingdom Central Council for Nursing, Midwifery, and Health).

This research report categorizes the medical cameras market to forecast revenue and analyze trends in each of the following submarkets:

By Type

• Endoscopy Cameras
• Dermatology Cameras
• Ophthalmology Cameras
• Dental Cameras
• Surgical Microscopy Cameras
• Other Medical Cameras

By Sensor

• CMOS Sensors
• CCD Sensors

By Resolution

• Standard Definition (SD) Cameras
• High-definition (HD) Cameras

By End User

• Hospitals Ambulatory Surgery Centers
• Specialty Clinics

By Region

• North America
• US
• Canada
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Rest of Europe (RoE)
• Asia Pacific
• Japan
• China
• India
• Rest of Asia Pacific (RoAPAC)
• Rest of the World

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Endoscopy Cameras accounted for the larger share of the share of global medical cameras market

Based on type, the global market is segmented into surgical microscopy cameras, endoscopy cameras, dermatology cameras, ophthalmology cameras, dental cameras, and other medical cameras. The endoscopy cameras segment accounted for the largest share of the global market. This can be attributed to the increasing number of endoscopy procedures across the globe.