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Medical Camera Market Analysis
- Report ID: GMI2027
- Published Date: Mar 2023
- Report Format: PDF
Medical Camera Market Analysis
With respect to camera, the medical camera market valuation from endoscopy cameras segment is expected to grow past USD 2.8 billion by 2032. Endoscopy cameras provide high-resolution images and videos, allowing doctors to view the patient’s gastric track in a non-invasive manner to effectively diagnose digestive conditions. Rising occurrence of digestive tract issues such as ulcers, and gastritis among others has bolstered the demand for endoscopy cameras. As per reports, peptic ulcers affect nearly four million people every year, with a lifetime prevalence of 5-10% in the general population.
Based on resolution, the medical camera market size from the HD cameras segment held a valuation of more than USD 2 billion in 2022. An HD camera can provide high-resolution images for state-of-the-art endoscopy procedures. It delivers a detailed view of the affected areas through crisper images. Moreover, they also provide a lifelike visual appearance with maximum depth and spatial orientation to enhance the accuracy of surgical procedures. HD cameras help obtain a panoramic and natural view of internal organs in laparoscopic surgeries, making them integral for the discipline.
From the regional perspective, North America medical camera market was valued at over USD 860 million in 2022. Moving ahead, the regional segment revenues are likely to be driven by favorable government initiatives for the healthcare sector. For instance, back in October 2022, the U.S. government announced an investment of over USD 110 million for consolidating the nation’s rural healthcare infrastructure.
Regional expansion is also driven by the strong presence of industry leaders such as CANON MEDICAL SYSTEMS USA, INC., Stryker Corporation, and others in the region. Many players are focusing on product innovations to carve themselves a bigger share of the region’s revenue pool. In fact, back in September 2022, Stryker Corporation, a US-based medication company, launched Q Guidance System, which makes use of a redesigned medical camera equipped with sophisticated algorithms to deliver accurate surgical planning for spine applications.
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Medical Camera Market Scope
