Global Medical Cameras and Microscopes Market By Product Type (Endoscopy Cameras, Based on End-User (Diagnostic Laboratories, Physician Offices, Others), Dermatology Cameras, Ophthalmology Cameras), By Application (ENT, Neurosurgery, Others) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Medical Cameras and Microscopes Market Overview:

Medical cameras are imaging technique devices used to provide a correct diagnosis and further treatment applications by doctors or surgeons. Medical microscopes are ideal and are also used in university and institutional applications. It is used to inspect blood and tissue samples, as well as to examine patients. These are widely used in various pathological and surgical applications.

Medical chambers have gained an indispensable position in modern medicine. Images and videos from medical cameras are currently used in life science applications where visual study requires documentation. These cameras find a variety of applications mainly in microscopy, ophthalmology, pathology, endoscopy, laboratory automation, biomedical research, rheumatology, and other specialties. These products ensure an accurate diagnosis, making it easy for clinicians to make prompt and proper interpretations. Due to increased private funding and investments toward healthcare facilities and infrastructure, performance benchmarks are increasing to ensure better healthcare delivery in the process.

Detailed Segmentation:

The global medical cameras and microscopes market is segmented on the basis of product type, application, end-user, and region. A detailed segmental description is listed below:

Based on Product Type

• Endoscopy Cameras
• Dermatology Cameras
• Ophthalmology Cameras
• Dental Cameras
• Surgical Microscope Cameras
• Pathology Microscope Cameras

Based on Application:

• Ophthalmology
• ENT
• Neurosurgery
• Others

Based on End-User

• Hospital Laboratories
• Diagnostic Laboratories
• Physician Offices
• Others

Based on Region

• North America
  • The US
  • Canada
  • Mexico
• Europe
  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Korea
  • Rest of the Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East and Africa
  • GCC
  • Israel
  • South Africa
  • Rest of the MEA

Market Dynamics:

Drivers for the Global Medical Cameras and Microscopes Market

The increasing number of patients that require invasive surgeries is a strong factor that is likely to drive the global market for medical cameras and microscopes in the coming years. Additionally, greater usage of medical cameras and microscopes for surgeries such as ophthalmology and neurosurgery is another factor that is expected to drive the economic trajectory of the global market for medical cameras and microscopes. Furthermore, medical device advancements are subsequently leading to an increase in the demand for medical microscopes and cameras.

Restraints for the Global Medical Cameras and Microscopes Market

COVID-19 has disrupted healthcare services in most countries; the most affected being the United States, Russia, Spain, Italy, the United Kingdom, India, Germany, and Iran. Healthcare facilities in several countries around the world have had diagnostic procedures postponed due to this pandemic. This delay in medical procedures and surgeries negatively affected the market for medical cameras.

A study by the Gastrojournal, ‘Global Impact of the COVID-19 Pandemic on Endoscopy’, has shown a drastic decline in the number of endoscopic procedures performed during the pandemic. The study was conducted between April 23 to May 12, 2020, across 252 endoscopy units globally. These endoscopy units have performed 2,069,447 endoscopic procedures in a year. Compared with baseline, endoscopy units stated an average 83% reduction in total endoscopy volumes during the COVID-19 pandemic. There was an 82% reduction in upper endoscopy procedures (esophagogastroduodenoscopy, endoscopic ultrasonography, and endoscopic retrograde cholangiopancreatography), and an 85% reduction in lower endoscopy (flexible sigmoidoscopy and colonoscopy). The reduced number of endoscopy procedures due to the pandemic could hamper the revenue growth of the medical cameras market.

Opportunities for the Global Medical Cameras and Microscopes Market

Due to an ever-growing patient population, the rapid expansion of the healthcare industry, and a shift in the focus of manufacturers towards developing countries in this region. China and India, the two most populous countries in the world, have significant patient populations mainly due to the rapid increase of elderly populations and the consequent increase in the prevalence of eye and dermatological diseases. The treatment of these diseases requires the use of endoscopes, retinal cameras, and intraoral cameras.

Competitive Landscape:

Key players in this market are –

• Olympus Corp.
• Carl Zeiss Meditec AG.
• Nikon Corp.
• Leica Microsystems AB.
• Danaher Corp.
• Allied Vision GmbH.
• Topcon Corp.
• SPOT Imaging Solutions Ltd.
• Indago,
• Stryker Corp., and JOEL Ltd. among others.

These key industry players are now focusing on mergers, partnerships, acquisitions, product developments, and collaboration strategies, in order to sustain their respective competitive edges. For instance, medical device maker Indago had raised USD 10 million through a financing round in June 2021. The company aims to utilize these funds to finish the pre-submission testing of its Arthro Free wireless camera system, and to receive FDA clearance for the technology.

Key Development

In June 2020, Olympus, a leader in delivering optical and software solutions for life sciences, and Pheno Vista, a leading provider of custom imaging-based phenotypic assay services, are collaborating to deliver 3D cell-based assay services for drug discovery.

In April 2020, Olympus Corporation declared the launch of EVIS X1, its most advanced endoscopy system to date. The new system is to improve outcomes from disorders of the colon, stomach, and esophagus, as well as from bronchial diseases, by providing every endoscopist with innovative and proven tools.

The launch of EVIS X1 further strengthens Olympus’ leadership in endoscopy and continued medical focus. In October 2018, Med X Change Inc. announced the launch and product availability of the 4Klear, a 4K Camera & Medical Video Recorder All-In-One Solution for surgical microscopes.

In September 2017, Olympus Corporation announced the launch of its ORBEYE Surgical Microscope, incorporating the latest advances in 4K 3D video technology.