Medical Cameras Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.40 Billion |
| Market Size (2029) | USD 4.83 Billion |
| CAGR (2024 - 2029) | 7.27 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Medical Cameras Market Analysis
The Medical Cameras Market size is estimated at USD 3.40 billion in 2024, and is expected to reach USD 4.83 billion by 2029, growing at a CAGR of 7.27% during the forecast period (2024-2029).
The COVID-19 pandemic has impacted the global healthcare system, so the medical camera system market was affected. Medical cameras are an essential part of surgical procedures, and with the significant decrease in surgical procedures, the growth of this market was impacted. The article published in the journal, Frontiers of Robot and AI in February 2021 reported that due to the COVID-19 pandemic, endoscopic procedures and other surgical procedures were significantly reduced to acute, urgent cases. Thus, initially, the growth of this market was substantially impacted; however, with a decrease in COVID-19 cases and the resumption of medical-surgical procedures, the market is expected to witness significant growth over the forecast period.
The factors driving the growth of the studied market are the rising demand for high-definition visuals in surgical procedures due to the advancements in medical cameras and the growing use of medical cameras and microscopes for surgeries. For instance, an article published in the Journal of Cheminformatics in February 2021 reported that 3D high-definition and 4K ultra-high-definition envision systems are comparable in laparoscopic cholecystectomies. These are increasingly used in surgical procedures due to high-resolution images. Thus, such technologies are driving the growth of the market.
Similarly, an article published by BrightFocus, in July 2021 reported that more than 3 million Americans are living with glaucoma, and 2.7 million people aged 40 and older are affected by its most common form, open-angle glaucoma. The above article also stated that in 2020, about 80 million people have glaucoma worldwide, which is expected to increase to over 111 million by 2040. Ocular imaging devices have been widely incorporated into clinical management after their diagnostic capabilities have been documented in many ocular diseases. Thus, a high incidence of eye-related disorders propels an increase in eye diagnostic and surgical procedures, thereby driving demand for medical cameras and microscopes for surgeries.
Also, in July 2021, Alcon demonstrated the surgical ophthalmic product portfolio at the American Society of Cataract and Refractive Surgery (ASCRS) 2021 annual meeting, including the NGENUITY 3D Visualization System. It consists of a 3D stereoscopic, high-definition digital video camera and workstation to provide magnified stereoscopic images of objects during micro-surgery. It acts as an adjunct to the surgical microscope during surgery displaying real-time images or images from recordings. Similarly, in January 2022, Zaamigo launched an innovative product, an intelligent camera that analyzes the cleanliness of teeth with artificial intelligence. Thus, such developments are driving the growth of the studied market.
Thus, the market is expected to witness significant growth over the forecast period due to the rising demand for high-definition visuals in surgical procedures, advancement in medical cameras, and the growing use of medical cameras and microscopes for surgeries. However, the high cost and requirement of substantial investment may slow the growth over the forecast period.
Medical Cameras Market Trends
Endoscopy Cameras Segment to is Expected to Witness Significant Growth over the Forecast Period.
The rising number of endoscopy procedures is one of the major factors driving this segment's growth. The increasing usage of endoscopic cameras in minimally invasive surgical techniques, constant innovations and technological advancement in the endoscopy industry, a rising number of hospitals, and growing hospital investments in endoscopy facilities, are driving the growth of this segment.
The growing prevalence of diseases that can be detected by endoscopy has increased the demand for these devices. For instance, in 2022, the ACS reported an estimated 106,180 new cases of colon cancer and 44,850 new cases of rectal cancer in the United States. According to ACS, overall, the lifetime risk of developing colorectal cancer is about 1 in 23 (4.3%) for men and 1 in 25 (4.0%) for women. Also, according to WHO, in 2020, there were around 1.93 million cases of colon and rectum cancer. Thus, the increasing prevalence of colorectal cancer drives the demand for endoscopic devices, thereby driving the segment's growth.
Furthermore, new product launches and technological development are further driving the growth of this segment. For instance, in November 2021, OmniVision Technologies, Inc., and Diaspective Vision GmbH, developer of high-quality hyperspectral and multispectral camera systems for medical applications, entered into a partnership for the development of a new type of endoscopic camera, the MALYNA system, which is based on proprietary multispectral imaging technology.
Thus, with the rising number of endoscopy procedures and new product launches, the segment is expected to witness significant growth over the forecast period.
North America is Expected to Witness a Significant Growth Over the Forecast Period.
North American region includes the United States, Canada, and Mexico. The increasing prevalence of chronic disorders like cancer and the aging population, and the increasing number of surgical procedures and tooth-related disorders in the geriatric population are driving the growth of the medical cameras market in the region.
Moreover, new product launches, technological advancements, the presence of key market players, and recent mergers, mergers, acquisitions, and partnerships among the key market players in the region are driving the growth of the studied market in the region. For instance, in October 2021, Leica Microsystems launched a new generation of the M320 for micro-dentistry. This, a new generation of the M320 dental microscope offers ultra-high-resolution imaging with an integrated 4K camera. The additional Leica View App can be used for image streaming of microscope images and video to a mobile device for added viewing flexibility.
Similarly in June 2022, Saneso Inc. received USFDA 510(k) clearance for its novel integrated 360° field of view colonoscope. Saneso's 360° multidirectional integrated vision colonoscope has five cameras and combines all images into a consolidated 360° view of the colon and that kind of technology can save the lives of patients.
Also, the increasing geriatric population in the region is more prone to arthroscopic surgical procedures, which demands increasing arthroscopic cameras. The arthroscopic camera provides a better view of the joint, thereby helping surgeons to understand better about the joint injury. For instance, an article published in the journal, Arthroscopy, Sports, Medicine, and Rehabilitation in August 2022 reported that anterior cruciate ligament reconstruction (ACLR) is one of the most commonly performed orthopedic procedures, with over 130,000 procedures reported annually in the United States, and most frequently associated in old, aged population. Thus, increasing arthroscopic surgeries is increasing the demand for arthroscopic cameras, thereby driving the growth of the studied market.
Furthermore, technological advancement and new product launches are also propelling the growth of the studied market in the region. For instance, in May 2022 Lazurite launched ArthroFree System only wireless camera system for minimally invasive surgery to receive USFDA market clearance. The ArthroFree System incorporates the company's proprietary low-heat, high-intensity Meridiem light technology along with advanced camera, battery, and wireless transmission technologies. It is designed to deliver improved operating room productivity, patient safety, and economic value through cost-savings, energy efficiency, and reduced setup/breakdown times. Thus, such technological advancements are driving the growth of the market in the region.
Thus, due to the increasing prevalence of chronic disorders like cancer and the aging population, and the increasing number of surgical procedures and tooth-related disorders in the geriatric population, the market is expected to witness significant growth in the region.
Medical Cameras Industry Overview
The medical camera market is fragmented and competitive due to many companies operating globally and regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known as Stryker Corporation, Canfield Scientific, Inc., Canon, Inc., Olympus Corporation, Richard und Annemarie Wolf Stiftung (Richard Wolf GmbH), Smith & Nephew PLC, Sony Electronics Inc., Topcon Corporation, Carl Zeiss AG, Danaher Corporation, Carestream Dental LLC and Allied Vision Technologies GmbH.
Medical Cameras Market Leaders
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Canfield Scientific, Inc.
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Olympus Corporation
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Richard Wolf GmbH
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Stryker Corporation
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Carestream Dental LLC
*Disclaimer: Major Players sorted in no particular order
Medical Cameras Market News
- In June 2022, Casio Computer Co., Ltd reported the launched DZ-D100 dermatology camera and DZ-S50 dermatology scope in Europe.
- In March 2022, Endoluxe launched a high-definition wireless endoscopy camera. Endoluxe's TowerTech camera device has all the visualization features needed during endoscopic surgical procedures.
Medical Cameras Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rising Demand for High-definition Visuals in Surgical Procedures and Advancement in Medical Cameras
- 4.2.2 Growing Use of Medical Cameras and Microscopes for Surgeries
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4.3 Market Restraints
- 4.3.1 High Cost and Requirement of Substantial Investment
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Type
- 5.1.1 Dental Cameras
- 5.1.2 Dermatology Cameras
- 5.1.3 Endoscopy Cameras
- 5.1.4 Ophthalmology Cameras
- 5.1.5 Surgical Microscopy Cameras
- 5.1.6 Other Cameras
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5.2 By Resolution
- 5.2.1 Standard-Definition Cameras
- 5.2.2 High-Definition Cameras
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5.3 By End-User
- 5.3.1 Hospitals
- 5.3.2 Specialty Clinics
- 5.3.3 Ambulatory Surgery Centers
- 5.3.4 Other End-Users
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Stryker Corporation
- 6.1.2 Canfield Scientific, Inc.
- 6.1.3 Canon, Inc.
- 6.1.4 Olympus Corporation
- 6.1.5 Richard und Annemarie Wolf Stiftung (Richard Wolf GmbH)
- 6.1.6 Smith & Nephew PLC
- 6.1.7 Sony Electronics Inc.
- 6.1.8 Topcon Corporation
- 6.1.9 Carl Zeiss AG
- 6.1.10 Danaher Corporation
- 6.1.11 Carestream Dental LLC
- 6.1.12 Allied Vision Technologies GmbH
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Medical Cameras Industry Segmentation
As per the scope of this report, medical cameras are the devices surgeons and clinical staff use to capture color images during microscopy and surgical procedures. The medical cameras market is segmented by Type (Dental Cameras, Dermatology Cameras, Endoscopy Cameras, Ophthalmology Cameras, Surgical Microscopy Cameras, and Other Cameras), Resolution (Standard-Definition Cameras and High-Definition Cameras), End-User (Hospitals, Specialty Clinics, Ambulatory Surgery Centers and Other End-Users) and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Type | Dental Cameras | |
| Dermatology Cameras | ||
| Endoscopy Cameras | ||
| Ophthalmology Cameras | ||
| Surgical Microscopy Cameras | ||
| Other Cameras | ||
| By Resolution | Standard-Definition Cameras | |
| High-Definition Cameras | ||
| By End-User | Hospitals | |
| Specialty Clinics | ||
| Ambulatory Surgery Centers | ||
| Other End-Users | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle East and Africa | GCC |
| South Africa | ||
| Rest of Middle East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Medical Cameras Market Research FAQs
How big is the Medical Cameras Market?
The Medical Cameras Market size is expected to reach USD 3.40 billion in 2024 and grow at a CAGR of 7.27% to reach USD 4.83 billion by 2029.
What is the current Medical Cameras Market size?
In 2024, the Medical Cameras Market size is expected to reach USD 3.40 billion.
Who are the key players in Medical Cameras Market?
Canfield Scientific, Inc., Olympus Corporation, Richard Wolf GmbH, Stryker Corporation and Carestream Dental LLC are the major companies operating in the Medical Cameras Market.
Which is the fastest growing region in Medical Cameras Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Medical Cameras Market?
In 2024, the North America accounts for the largest market share in Medical Cameras Market.
What years does this Medical Cameras Market cover, and what was the market size in 2023?
In 2023, the Medical Cameras Market size was estimated at USD 3.15 billion. The report covers the Medical Cameras Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Medical Cameras Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Medical Cameras Industry Report
Statistics for the 2024 Medical Cameras market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Medical Cameras analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
