The global medical cameras and microscopes market was valued at US$0.90 bn in 2014 and is anticipated to expand at a CAGR of 4.0% from 2015 to 2023 to reach US$1.34 bn by 2023.
Albany, NY -- (SBWIRE) -- 06/15/2016 -- Medical cameras are devices used for the graphic documentation of medical and surgical procedures, clinical presentation of patients, and specimens of autopsies. Microscopes, on the other hand, are instruments utilized to obtain an enlarged image of micro objects and reveal details of structures that are not distinguishable otherwise.
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The global market for medical cameras and microscopes has gained momentum over the past few years. It mostly derives growth from the rising demand for these cameras and microscopes in laboratories, hospitals, and research institutes. The increase in surgical procedures, propelled by the prevalence of cancer and other life-threatening diseases, has fueled the demand for these devices, boosting the market significantly across the world.
The report presents separate accounts of the global medical cameras market and the global microscopes market. Comparatively, the microscopes market acquired the dominant position in the overall market in 2014 with a majority share.
As per the study, dental cameras, dermatology cameras, endoscopy cameras, ophthalmology cameras, pathology microscope cameras, and surgical microscope cameras are the major medical cameras available in this market. Pathology microscopes and surgical microscopes are the key components of the microscopes segment.
North America, Latin America, Asia Pacific, Europe, and the Rest of the World have been identified as the key regional markets for medical cameras and microscopes across the world in this research study. Among these, North America held the leading position in 2014 and was closely followed by Europe. Technical advancements in these devices have boosted the North America medical cameras and microscopes market in the recent past.
In the same year, Asia Pacific emerged third in the global market for medical cameras and microscopes. However, the regional market is projected to record the fastest growth rate over the forecast period. The rising awareness pertaining to healthcare, growing geriatric population, increasing disposable income, and the expansion of major market players in this region are likely to propel the Asia Pacific medical cameras and microscopes market over the next few years, reports the study.
The research report also analyzes the competitive landscape of the global medical cameras and microscopes market. According to it, the market is highly consolidated, where more than 90% of the overall market has been captured by the top four players.
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Topcon Corp., Allied Vision GmbH, SPOT Imaging Solutions, JOEL Ltd., Stryker Corp., Hag-Streit USA, Nikon Corp., Danaher Corp., Olympus Corp., and Carl Zeiss Meditec AG are the top international manufacturers of medical cameras and microscopes mentioned in the market study.
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