The medical cameras and microscopes market is exceedingly consolidated, wherein the top four companies – Carl Zeiss Meditec, Olympus Corporation, Nikon Corporation, and Leica Microsystems – accounted for a massive 90% in 2014. Among these, Carl Zeiss Meditec alone held a share of 40%. Transparency Market Research has found that an increasing number of acquisitions by top companies has resulted in this high level of consolidation, which has, in turn, lowered the opportunity for small and new players.
Several companies have used product launch as a business strategy, one that has enabled them to gain a competitive edge over others. For instance, in March 2014, market leader Carl Zeiss Meditec launch the OPMI Lumera 700 and Rescan 700. These surgical microscopes feature integrated intraoperative optical coherence tomography (OCT).
Expanding businesses in developing countries is also a key growth strategy noted in the medical cameras and microscopes market.
This 83 page report gives readers a comprehensive overview of the medical cameras and microscopes market. Browse to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/medical-cameras-market.html
Rising Investments in R&D Benefiting Medical Cameras and Microscopes Market
The acceptance of minimally invasive procedures has increased across the globe, with a rising number of physicians and patients seeking quality care through evidence-based medicine. “The adoption of minimally invasive surgeries has proven to reduce postoperative complications, healthcare costs, and hospital stays,” the lead author of the study comments. This rapidly increasing demand for minimally invasive procedures has also spurred the demand for medical cameras and microscopes. “Minimally invasive surgeries are an under-recognized opportunity and players are most likely to benefit by capitalizing on this demand,” the analyst states.
Apart from this, rising investments by companies in research and development so as to sustain themselves in the competitive environment is also driving the medical cameras and microscopes market. “Medical device companies are known for their continuous innovation and launch of advanced technology products and this will bode well for the global market,” the TMR analyst predicts.
On the flip side, several countries have been witnessing a decline in government funding for healthcare and this will adversely affect the development of the medical device industry as a whole and the medical cameras and microscopes market in particular. In addition, the implementation of excise tax on medical devices by the U.S. government is anticipated to negatively impact the market.
Request a sample of this report to know what opportunities will emerge in the rapidly evolving medical cameras and microscopes market during 2015 – 2023: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1619
Medical Microscopes to Witness Rapid Growth by 2023
The global medical cameras and microscopes market is anticipated to rise from a value of US$942.6 mn in 2014 to US$1.3 bn by 2023, registering a 4.0% CAGR therein. By type, the microscopes segment accounted for 51.9% of the overall market in 2014, emerging as the leading segment that year. The segment is also projected to expand at the highest CAGR of 4.4% from 2015 to 2023. Among the various types of medical cameras, surgical microscope cameras were the key revenue generators, with ophthalmology cameras registering the fastest growth during the forecast period.
By region, North America led the global medical cameras and microscopes market, followed by Europe. Asia Pacific is slated to emerge as the most rapidly developing regional segment by 2023.
This review is based on the findings of a TMR report titled “Medical Cameras and Microscopes Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015-2023.”
- Revenue generated by global medical cameras and microscopes market to cross billion-dollar mark by 2024
- Severely consolidated market to limit threat from small and new players
- Medical microscopes segment held 51.9% of the overall market in 2014, emerging as the clear leader.