0

Healthcare Machine Vision System Market Expected to Reach $4.5 Billion by 2031—Allied Market Research

 
2022
Healthcare Machine Vision System Market

Report Code : A11322

quote The global healthcare machine vision system market share is expected to witness considerable growth, owing to increase in demand for AI-powered machine vision system, especially in Asia-Pacific and LAMEA. This is attributed to rising demand for digital infrastructure solutions across healthcare sectors in these regions. quote

Himanshu Jangra - Lead Analyst
Semiconductor and Electronics at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Healthcare Machine Vision System Market," The healthcare machine vision system market size was valued at $617.40 million in 2021, and is estimated to reach $4.5 billion by 2031, growing at a CAGR of 22.4% from 2022 to 2031.

A machine vision system, also known as a computer vision system, is a computer-operated device that employs video cameras, digital signal processing, and analog-to-digital conversion based on applications. Machine vision can provide operational guidance to devices to perform the acts based on the processing of images. For instance, a machine vision can analyze health matric to help users make better medical decisions. Furthermore, machine vision technology is widely applicable in the surgical and pharmaceutical sectors, owing to the increase in penetration of rapid prototyping technology and 3D modeling, which, in turn, has driven the demand for medical imaging such as CT and MRI.

The surge in the adoption of artificial intelligence (AI)-based technology & big data in healthcare along with the rising demand for automation in healthcare applications and the increase in the adoption of personalized medicines are some of the factors that drive the demand for machine vision systems in the healthcare sector. However, the shortage of skilled professionals is acting as a key deterrent factor in the market, which hampers early adoption in developing countries. Conversely, the adoption of cloud-based healthcare solutions is expected to provide lucrative opportunities for the expansion of the global healthcare machine vision industry during the forecast period.

According to the healthcare machine vision system market analysis, the smart camera segment was the highest contributor to the healthcare machine vision system industry in 2021. The smart camera and MV camera with host PC segments collectively accounted for around 85.2% market share in 2021. The surge in cloud-based solutions fuels the growth of the smart camera segment, thereby strengthening the global machine vision system market growth.

COVID-19 outbreak has significantly impacted the global machine vision system in the healthcare sector. The surge in the adoption of advanced medical equipment in healthcare facilities across the world has propelled the growth of the healthcare machine vision system market trends. However, delays caused in production due to lack of skilled technicians and raw material unavailability hampered the demand for machine vision technology. Furthermore, the pandemic forced various governments across the globe to adopt AI-based technology in the healthcare sector. Hence, the healthcare machine vision systems market is expected to witness prominent growth post-pandemic.

Region-wise, Asia-Pacific holds a significant share in the healthcare machine vision system industry. Asia-Pacific accommodates a major population of the globe. The adoption of vision-guided robotics systems in the healthcare sector is expected to propel the healthcare machine vision system market share in this region. Technological advancements in machine vision technology by prime vendors such as Teledyne DALSA Inc., OZRAY, and Machine Vision Lighting Inc., in Japan and South Korea, are anticipated to drive the healthcare machine vision system market growth in Asia-Pacific.

The key players profiled in the report include Baumer, Cognex Corporation, FLIR Systems, Inc., Basler, Keyence, Omron Corporation, Teledyne Group, TKH Group, and Sony Corporation. Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to strengthen their foothold in the healthcare machine vision system market. 

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Healthcare Machine Vision System Market by Product Type (MV camera with host PC, Smart camera, Vision-based barcode readers), by Type (1D, 2D, 3D), by Application (In vitro diagnostics, Access tracking, Surgical, Patient monitoring, Microscopy (Histopathology), Drug dispensing): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Healthcare Machine Vision System Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers