We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies. Cookie Policy.

Features Partner Sites Information LinkXpress
Sign In
Advertise with Us

Download Mobile App




Events

ATTENTION: Due to the COVID-19 PANDEMIC, many events are being rescheduled for a later date, converted into virtual venues, or altogether cancelled. Please check with the event organizer or website prior to planning for any forthcoming event.

Global Medical Camera Market Driven by Increasing Minimally Invasive Surgeries

By HospiMedica International staff writers
Posted on 14 Sep 2022
Print article
Image: Medical camera manufacturers are launching innovative HD products to gain a strong foothold in the industry (Photo courtesy of Pexels)
Image: Medical camera manufacturers are launching innovative HD products to gain a strong foothold in the industry (Photo courtesy of Pexels)

Medical cameras are now required throughout an increasing number of surgical procedures. The spurt in geriatric population and rise in prevalence of chronic diseases have led to increased demand for various types of medical equipment, including medical cameras. Older patients prefer non-invasive operations since they result in fewer complications than traditional surgeries (mostly employing endoscope and microscope surgical cameras). As a result, the global medical camera market is set to expand 1.4x between 2021 and 2031 to surpass USD 5 billion by 2031, driven by the growing use of medical cameras in various aspects of healthcare treatment.

These are the latest findings of Fact.MR (Rockville, MD, USA), a market research and consulting agency.

The efficacy of medical cameras in detecting various types of diseases is driving their increased adoption in the healthcare domain. The growing number of surgical procedures is necessitating the use of medical cameras, creating sizeable opportunities for market players. The increasing preference for minimally-invasive surgeries is also creating significant opportunities for medical camera manufacturers as these surgeries require extensive use of cameras. However, the high cost of medical cameras remains a key reason for their limited adoption. For instance, the average cost of endoscopic cameras is nearly USD 1,500, which is a significant investment for smaller hospitals in the developing countries. Additionally, the lack of skilled professionals and technicians who can handle high-end medical cameras poses another key challenge for market growth. To address these challenges, the market players are focusing on launching innovative products, built from affordable and easy to source components. They are also focusing on improving the functionality of their products to cater to critical surgical procedures.

Based on type, endoscopy cameras are likely to remain the largest segment of the medical camera market and held a share of nearly 40% in 2021. Based on resolution, high-definition cameras will account for a higher share of the medical camera market than standard definition medical cameras. Hospitals are expected to be the largest end-user of medical cameras during the forecast period. Sales of medical cameras are also likely to increase as a result of growing spending on healthcare across the globe. Numerous countries such as the U.S., India, Germany, and the U.K. are now allocating a higher percentage of their GDP to healthcare spending. North America is likely to be the leading market for medical cameras globally, holding nearly 50% share during the forecast period.

Related Links:
Fact.MR 


Print article
IIR Middle East

Channels

Critical Care

view channel
Image: Three dimensional measurement of the all-mesh thermistor (Photo courtesy of Shinshu University)

Ultraflexible, Gas-Permeable Thermistors to Pave Way for On-Skin Medical Sensors and Implantable Devices

On-skin medical sensors and wearable health devices are important health care tools that must be incredibly flexible and ultrathin so they can move with the human body. In addition, the technology has... Read more

Surgical Techniques

view channel
Image: The POINT Kinguide robotic-assisted surgical system has made its debut in the US (Photo courtesy of Point Robotics)

First-Ever Spinal Surgical Hand-Held Robot Makes Worldwide Debut

The world’s first ever hand-held robot framework equipped with a parallel manipulator for orthopedic application has made its worldwide debut in the U.S. Point Robotics MedTech Inc. (Taipei, Taiwan) has... Read more

Patient Care

view channel
Image: The biomolecular film can be picked up with tweezers and placed onto a wound (Photo courtesy of TUM)

Biomolecular Wound Healing Film Adheres to Sensitive Tissue and Releases Active Ingredients

Conventional bandages may be very effective for treating smaller skin abrasions, but things get more difficult when it comes to soft-tissue injuries such as on the tongue or on sensitive surfaces like... Read more

Health IT

view channel
Image: Using digital data can improve health outcomes (Photo courtesy of Unsplash)

Electronic Health Records May Be Key to Improving Patient Care, Study Finds

When a patient gets transferred from a hospital to a nearby specialist or rehabilitation facility, it is often difficult for personnel at the new facility to access the patient’s electronic health records... Read more
Copyright © 2000-2022 Globetech Media. All rights reserved.