Global Medical Camera Market is estimated to attain sizable growth through 2032 owing to the surging technological innovations in the healthcare sector that have helped companies reach a larger number of customers across the globe.
The growing number of surgeries and endoscopic treatments will increase the need for medical cameras. In addition, the use of AI in the healthcare sector will significantly expand the market prospects in the years to come. Moreover, innovations in medical camera and more product releases will supplement market expansion. In recent years, medical camera developments have advanced significantly, from basic 2D medical cameras to high-definition medical cameras.
For instance, in October 2022, Topcon Healthcare introduced the NW500, a completely autonomous, non-mydriatic retinal camera. It offers sharp-quality imagery with increased functionality. This strategy supported the firm’s product portfolio expansion.
The medical camera market has been divided in terms of the camera, resolution, sensor, end-use, and region.
Based on camera, the dermatology cameras segment is anticipated to grow at more than 7% CAGR from 2023 to 2032. Skin conditions and disorders are becoming more prevalent, which is set to foster segmental expansion. Also, the market will rise as more medical cameras for skin issues receive product approvals. For example, in February 2022, Casio America, Inc. got FDA certification for its DZ-D100 Dermocamera as well as the DZ-S50 scope for skin examination as medical devices.
With respect to sensor, the complementary metal-oxide-semiconductor (CMOS) segment is set to grow robustly over the review period credited to the expanding geriatric population which is the most vulnerable to various diseases.
In terms of end-use, the hospitals & clinics segment is slated to attain positive market expansion over the forthcoming years driven by an increase in hospitals and patient volume. Also, the demand for high-definition pictures during various surgical procedures is anticipated to spur the demand for medical cameras in hospitals. The growing trend for minimally invasive surgery combined with technology improvements will support industry expansion.
From the regional front, the Middle East & Africa medical camera market is speculated to depict more than 5.5% CAGR from 2023 to 2032 attributed to the surging demand for microscopes while performing various medical processes. Moreover, the soaring production rate of the technically sound medical cameras in the MEA is expected to fuel regional growth.