Medical Cameras and Microscopes Market
Medical Cameras and Microscopes Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027
Press Release :
- According to Transparency Market Research’s latest report on the global medical cameras & microscopes market for the historical period 2017–2018 and forecast period 2019–2027, increased preference for Minimally Invasive Surgeries (MIS), Change in population demographics coupled with rise in the disease prevalence are projected to drive the global medical cameras & microscopes market during the forecast period
- According to the report, the global medical cameras & microscopes market was valued at US$ 1,102.9 Mn in 2018 and is anticipated to expand at a CAGR 4.0% from 2019 to 2027
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Change in population demographics change coupled with rise in the disease prevalence to propel the market: Key Drivers
- Population socioeconomics have been fluctuating for as far back as couple of many years. The population matured 65 years or more is progressively expanding over the globe. There are currently a larger number of Americans matured 65 and more established than at some other time in U.S. history. As indicated by an ongoing report by Joint Center for Housing Studies of Harvard University (2017), the most established people born after WW2 have now passed the boundary of 65 years, populace development among long term olds is set to rise and their numbers are foreseen to take off from 21.7 million of every 2010 to 32.8 million out of 2020 and afterward to 38.6 million out of 2030.
- Globally, the geriatric population is required to experience the ill effects of different persistent ailments. Today, three out of four Americans matured 65 years and more seasoned need to manage wellbeing concerns, for example, cardiovascular sickness, diabetes, malignant growth or persistent respiratory illnesses.
- The maturing populace over the globe and the way that malignant growth event in people rises dramatically in the last many years of life, recommends that malignancy is required to before long supplant coronary illness as the essential driver of death universally.
- As indicated by the data by American Clinical and Climatological Association (2018), rate of disease in those more than 65 is 10 times more noteworthy than in those more youthful than 65 and the malignancy demise rate is multiple times more prominent in patients more than 65 contrasted with more youthful patients.
- Subsequently, with internationally expanding predominance of illnesses, there is an expansion in the interest for medical procedures and diagnostics tests which therefore support the interest for clinical gadgets including magnifying lens and cameras.
Decrease in Government Financing to Hamper Market Development
- A portion of the nations are seeing decrease in the public authority subsidizing for medical care which is relied upon to unfavorably influence the advancement of clinical gadget industry.
- The U.S. has seen biggest expansion in subsidizing in biomedical and wellbeing administrations research during 1994 and 2004, when financing developed at 6% every year. While, from 2010 to 2018, the pace of interest in clinical examination in the U.S. dropped, while there has been ascend in exploration speculation all around the world. As indicated by Journal of the American Medical Association (2018), the pace of speculation development declined by 0.8% yearly and (in genuine terms) diminished in 3 of the most recent 5 years, coming to $117 billion (4.5 %) of all out medical care uses.
- The U.S. government research financing declined from 57% in 2014 to half 2017 of the worldwide aggregate. Likewise, The U.S. portion of life science licenses declined from 57% (1981) to 51 % (2017).This situation demonstrates that there is a requirement for the U.S. to discover new financing sources to help clinical examination, if the clinical estimation of its logical interests previously and occasions to improve care are to be ideally used. In this way, the brought down government subsidizing is a significant obstacle restraining the development of clinical cameras and magnifying lens market in the U.S.
- Essentially, with the Eurozone emergency, the European nations have eliminated their subsidizing. European Commission (EC), the International Monetary Fund (IMF) and the European Central Bank (ECB) have specified a decrease in government spending for clinical gadget industry. Such factors are relied upon to hamper the development of this market.
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Global Medical Cameras & Microscopes Market: Competitive Landscape
- This report profiles major players in the global medical cameras & microscopes market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
- The global medical cameras & microscopes market is highly fragmented, with the presence of a number of international as well as regional players
- Leading players operating in the global medical cameras & microscopes market are
- Carl Zeiss Meditec AG
- Olympus Corporation
- Nikon Corporation
- HAAG-STREIT GROUP
- JEOL Ltd.
- SPOT Imaging
- a division of Diagnostic Instruments, Inc.
- Allied Vision Technologies GmbH
- TOPCON CORPORATION
- among others
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Global Medical Cameras & Microscopes Market: Key Developments
Key players in the global medical cameras & microscopes market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global medical cameras & microscopes market. A few expansion strategies adopted by players operating in the global medical cameras & microscopes market are:
- In October 2018, Med X Change, Inc., announced the launch and Production availability of the 4Klear, a 4K Camera & Medical Video Recorder All-In-One Solution for surgical microscopes
- In September 2017, Olympus Corporation announced the launch of its ORBEYE Surgical Microscope, incorporating the latest advances in 4K 3D video technology
The report on the global medical cameras & microscopes market discussed individual strategies, followed by company profiles of manufacturers of medical cameras & microscopes. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global medical cameras & microscopes market.
Global Medical Cameras & Microscopes Market - Scope of Report
TMR’s report on the global medical cameras & microscopes market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global medical cameras & microscopes market for the period 2017–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global medical cameras & microscopes market during the forecast period.
The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global medical cameras & microscopes market.
Secondary research also included Internet sources, statistical data from government agencies, websites, company presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global medical cameras & microscopes market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global medical cameras & microscopes market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global medical cameras & microscopes market.
The report delves into the competitive landscape of the global medical cameras & microscopes market. Key players operating in the global medical cameras & microscopes market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global medical cameras & microscopes market that have been profiled in this report.
Key Questions Answered in Global Medical Cameras & Microscopes Market Report
- What is the scope of growth of product companies in the global medical cameras & microscopes market?
- What will be the Y-o-Y growth of the global medical cameras & microscopes market between 2019 and 2027?
- What is the influence of changing trends in technologies on the global medical cameras & microscopes market?
- Will North America continue to be the most profitable market for medical cameras & microscopes providers?
- Which factors are anticipated to hamper the growth of the global medical cameras & microscopes market during the forecast period?
- Which are the leading companies in the global medical cameras & microscopes market?
A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global medical cameras & microscopes market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.
Secondary methods referred to by analysts during the production of the global medical cameras & microscopes market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the medical cameras & microscopes market as primary methods.
These primary and secondary methods have provided exclusive information during interviews, which serves as a validation from the medical cameras & microscopes market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global medical cameras & microscopes market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global medical cameras & microscopes market more reliably and accurately.
Regional Segmentation of Medical Cameras & Microscopes Market
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Global Medical Cameras & Microscopes Market - Segmentation