Albany - New York, Sept. 24, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research has published a new report titled "Medical Cameras and Microscopes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2015 - 2023". According to the report, 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.
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The number of applications of optical microscopy has grown significantly over the last few decades. Optical microscopy finds applications in different fields of science and industry such as microelectronics, biotechnology, nanophysics, and microbiology. Microscopy is widely used for medical applications as well. Rise in demand for minimally invasive surgeries has led to an increase in the number of microsurgeries performed using surgical microscopes. This in turn has driven demand for surgical microscopes. Surgical microscopes have applications in several areas such as ENT surgery, neurosurgery, dentistry, ophthalmic surgery, and others. Similarly, increase in the geriatric population and prevalence of diseases have fueled demand for medical cameras used for diagnosis and treatment.
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Increasing proportion of geriatric population across the globe and prevalence of various diseases among them are the major factors driving the market. The number of elderly people undergoing surgical procedures has increased faster than the rate of population aging in the past several years. This is likely to be related to changes in the surgical techniques and patient expectations. Preference for minimally invasive techniques is increasing. This has led to a rise in demand for technologically advanced medical devices such as microscopes and medical cameras.
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The global medical cameras and microscopes market is sub-segmented based on type of product as microscopes and medical cameras. The microscopes segment has been sub-segmented into surgical and pathology microscopes. The surgical microscopes sub-segment accounted for a significant share of the microscopes segment in 2014. On the other hand, the pathology microscopes segment is projected to expand at the highest CAGR during the forecast period. Increase in the number of medical samples for diagnosis in various health care facilities, such as physician offices, is expected to boost demand for pathology microscopes during the forecast period. The surgical microscopes segment has been sub-segmented, by application, into ophthalmology, ENT, neurosurgery, and others. The ophthalmology surgical microscopes segment is anticipated to expand at the highest CAGR due to an increase in ophthalmic procedures among the geriatric population. The pathology microscopes segment has been sub-segmented, by end-user, into hospital laboratories, diagnostic laboratories, and physician offices. The medical cameras segment has been sub-segmented, by type, into endoscopy, dental, dermatology, ophthalmology, surgical microscope, and pathology microscope. The microscopes segment accounted for the largest share of around 51% of the market in 2014. The surgical microscopes sub-segment held the largest share of 90% of the microscopes segment in 2014.
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Major players in the medical cameras and microscopes market are Carl Zeiss Meditec AG (Germany), Olympus Corporation (Japan), Danaher Corporation (U.S.), Nikon Corporation (Japan), Haag-Streit USA (U.S.), Stryker Corporation (U.S.), JOEL Ltd. (Japan), SPOT Imaging Solutions (U.S.), Allied Vision GmbH (Germany), and Topcon Corporation (Japan). The top four players account for nearly 90% of the market.
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The global medical cameras and microscopes market has been segmented as follows:
Global Medical Cameras Market, by Type
- Endoscopy Cameras
- Dermatology Cameras
- Ophthalmology Cameras
- Dental Cameras
- Surgical Microscope Cameras
- Ophthalmology
- ENT
- Neurosurgery
- Others
- Pathology Microscope Cameras
- Hospital Laboratories
- Diagnostic Laboratories
- Physician Offices
Global Microscopes Market, by Type
- Surgical Microscopes
- Ophthalmology
- ENT
- Neurosurgery
- Others
- Pathology Microscopes
- Hospital Laboratories
- Diagnostic Laboratories
- Physician Offices
Global Medical Cameras and Microscopes Market, by Geography
North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Rest of Europe
Asia Pacific (APAC)
- Japan
- China
- Rest of APAC
Latin America (LATAM)
- Brazil
- Mexico
- Rest of LATAM
Rest of the World (RoW)
- Middle East & North Africa
- South Africa
- Russia
- Rest of RoW
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.