Medical Camera and Microscope Market

Medical camera is a gadget used for tracking and processing internal images of a body for medical analysis as well as visual trail of various organs. It intends to reveal underlying hidden causes for different syndromes persisting in the patient and identifies unusual abnormalities. Medical cameras make use of different imaging technologies such as ultrasound, endoscopy, elastography, magnetic resonance, imaging, and radiography. On the contrary, surgical microscopes are used to examine objects that are too small to be visible for naked eye. The most common microscope is the optical microscope, which makes use of lenses to refract light that is passed through the sample to produce a clear, observable image.

COVID-19 Impact Analysis

COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

At the early phase of the COVID-19 pandemic, there was no availability of specific diagnostic tests to detect the disease in patients. Alternative diagnostic tests were used initially but were not much effective. This unavailability of specific COVID-19 diagnostic tests presented lucrative opportunities for diagnostic manufacturers to introduce their COVID-19 diagnostic kits. Many leading players as well as some start-ups from various countries utilized this opportunity and introduced COVID-19 diagnostics kits into local as well as global markets. These players achieved an edge over other diagnostics players capitalizing on the opportunity from demand for COVID-19 diagnostic tests, which, in turn, helps them in maintaining their revenues in such a crisis.

Owing to such factors, COVID-19 is expected to have a significant impact on the medical camera and microscope market.

Top Impacting Factors

• Prevalence of a high geriatric population around the globe is bound to bring in more incidents of ailments, which require use of medical cameras and microscopes such as cardiovascular syndromes, diabetes, and respiratory ailments. This, in turn, is expected to drive the market growth.
• Additionally, a rising demand for use of high-resolution instruments in surgeries for better results is boosting the demand for medical cameras.
• Growing shift of healthcare dynamics from open surgeries to more minimal invasive techniques coupled with technological advancements is expected to positively impact market growth.
• However, reduced government spending in the field of design and development of new age medical gadget industry and subsiding for standard resolution cameras hamper growth for medical camera market.
• Additionally, lack of skilled human resources in third world economies is a key factor, which may hamper penetration of new age gadgets, including cameras in medical industries.

Key Market Trends

• In 2019, Med X Change Inc. launched 4KClear, a 4K camera, and an all-in-one solution for surgical microscopes.
• Recently, Olympus Corporation announced the launch of its surgical microscope incorporating latest 4K 3D visual technology in it. The microscope was named as ORBEYE.
• Among different medical cameras sold, endoscopy is anticipated to hold the highest share, owing to increased competitive advantage it holds such as more reliability, increased safety, and faster recovery.
• New age cameras are being designed in such a way that they are either equipped with complementary metal oxide semiconductor (CMOS) sensors or charge coupled device (CCD) sensors, owing to growing incidents of chronic diseases and need for enhanced diagnostics.
• North America and Japan are expected to be the largest markets for medical cameras and surgical microscopes, owing to rising geriatric population, rising incidents of chronic diseases, availability of more skilled personnel, and robust government support for new age technology integration into healthcare.

Key Benefits of the Report

• This study presents the analytical depiction of the medical camera and microscope industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
• The current market is quantitatively analyzed to highlight the scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Medical Camera and Microscope Report

• Which are the leading players active in the medical camera and microscope market?
• How is each segment of the market expected to grow during the forecast period?
• What are the adoption trends for the medical camera and microscope market in emerging economies and established economies across the world?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What future projections would help in taking further strategic steps?
• What are the impacts of COVID-19 in the industry?
• What is medical camera and microscope?
• What is the medical camera and microscope market prediction in the future?
• What are the current trends and predicted trends?

 Medical Camera and Microscope Market Report Highlights