Video Microscopes Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Video Microscopes Market Outlook - 2027

Video microscopes offer live feed imaging directly onto a LCD projector, computer, or a digital screen. The major goal for using a video microscope in medical procedures is obtaining clear real-time video imaging of organs or anatomical structures. Majority of the microscopes, widely available in the market provide superior quality high definition (HD) output, which offer clear anatomical visuals of the internal structures to physicians and surgeons thereby, aiding in making better clinical decisions. A wide range of video microscopes is available in the market that vary in terms of setups, and are based on type of camera included and the frames per second (fps) offered by the cameras. Video microscopes with high definition live feed are becoming increasingly popular in the market, due to immense applications, especially in the surgical procedures, diagnostics use and research.

COVID-19 scenario analysis:

• Due to the COVID – 19  outbreak, majority of healthcare, pharmaceutical and biotechnology organizations have concentrated on diagnostics kits, safety wearables (PPE kits, face shields, masks) and treatment therapies and medication against Novel coronavirus
• R&D labs are also focusing on finding a breakthrough vaccine against Novel coronavirus
• In addition, the medical professionals are engaged in providing COVID-19 related services, unavailability if experts to treat patients suffering from cardiac arrests
• As a result, other healthcare segments  have to face negligence
• In addition, it has been observed after some research that people with prevalence of cardiac diseases are at higher risk for mortality and morbidity related to COVID-19 compared to the average population
• Henceforth, the video microscopes industry is facing struggles amidst COVID-19 pandemic as various surgeries are put on hold.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Video microscopes market is majorly driven by key factors such as growing R&D activities owing to heavy funding for extensive study for innovating efficient patient management solutions and technologies facilitating ease and precision during surgery practices. The need for video microscopes is rising increasing significantly with its growing applications if various fields and offshoots of medical therapeutics, diagnostics and human anatomical research. This would soar the demand for advanced video microscopes globally. Furthermore, rising burden of chronic diseases including cancer, diabetes, cardiac diseases requiring surgical intervention and supportive government initiatives would propel the video microscopes market in the near future.

Technological advancements in the field of video microscopes resulting in development of miniature and compact devices creating new growth avenues for video microscope market. Moreover, video microscopes permit video and image sharing, thereby increasing interoperability for accurate observation and aids the healthcare professionals in clinical decision making. Various health initiatives taken by governments across the globe to offer the patient pool with efficient prevention and effective control interventions intending to lower the rising rate of adverse health conditions and standardize the healthcare facilities costs in significantly contributing to the growth of video microscopes market. For example, Centers for Disease Control and Prevention (CDC), implemented several health initiatives including HI-5, Million Hearts, Winnable Battles, and 6|18 initiatives to emphasize on efficient prevention of various health problems. Additionally, advanced video microscopes technology has been evolving on regular basis to deliver accurate disease management systems and facilitate the patient care. The key players are focusing on innovative product launches and are favored by increasing government support to foster modernization in development of video microscopes would further surge the industry growth.

However, high investments associated with video microscopes, network connectivity issues coupled with lack of well-developed healthcare infrastructure and unavailability of skilled technicians in the emerging markets would hamper the growth of the video microscopes market.

Increasing prevalence of diseases and healthcare expenditure

According to the statistics published by world health organization (WHO), there has been immense increase in chronic diseases worldwide. In 2001, chronic diseases accounted for almost 60% of the 56.5 million reported deaths with approximately 46% of the burden of disease worldwide. Non-communicable diseases (NCDs) are expected to increase up to 57% by 2020. The geriatric population is expected to rise by 22% by the year 2050, according to WHO. This has pushed the government bodies to implement numerous healthcare initiatives and long-term plans for modernization of healthcare facilities to provide advanced healthcare facilities to the patients. World Health Organization studies confirm that there has been significant rise in the overall healthcare expenditure (% of GDP) that increased to 10.02% in 2016 from 9.2% in 2006 with the steepest rise recorded in the U.S., i.e., from 14.66% in 2016 to 17.07% in 2016. These factors, collectively would create immense opportunities for growth of video microscopes in the global market.

The efforts taken to standardize and bring down the cost of healthcare services, need for enhancing the quality of healthcare services, increasing incidences of chronic diseases and growing implementation of live feed video and imaging systems in medical field are factors that would facilitate the market growth.

Growing rate of geriatric population

Increasing rate of aging population around the globe is another factor driving to the growth of video microscopes market. The geriatric population is often observed to be more prone to health problems comparatively. Chronic health ailments comprising arthritis, cancer, cataracts, dementia and cardiovascular diseases among many others, constantly require medical care and support, which will have a positive impact on the market globally. As per the WHO, elderly populace, comprising people aged 60 years and above, is expected to hit the 2 billion mark by 2050 from mere 900 million in 2015. These statistics ensure demand for old age nursing and homecare facilities that would crucial in coming years, thereby offering expansion opportunities for the global video microscopes market.

Key benefits of the report:

• This study presents the analytical depiction of the global video microscopes 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 detailed analysis of the global video microscopes market share.
• The current market is quantitatively analyzed to highlight the global video microscopes market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Video microscopes Market research report:

• Which are the leading market players active in the video microscopes market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Video Microscopes Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights