Wireless Surgical Camera Market is Expected to Grow at a CAGR of 7.4% to Reach a Valuation of US$153.3 Million by 2032
[250 Pages Report] According to the latest industry analysis from Future Market Insights, the global wireless surgical camera market valuation was valued at US$69.9 million in 2021. During the forecast period 2022-2032, the sales are expected to grow at a CAGR of 7.4%, market value at US$153.3M by 2032.
|Wireless Surgical Camera Market Base Year Value (2021)||US$69.9 million|
|Estimated Market Size (2022)||US$75.1 million|
|Projected market valuation (2032)||US$153.3 million|
|CAGR based on value (2022-2032)||7.4%|
|Market share of top 5 countries||55.3%|
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Increase in surgical operations, high demand for endoscopic procedures and increasing investment in endoscopy and laparoscopic facilities are expected to drive the sales in the market. A significant obstacle to the expansion of the industry, meanwhile, is the high price of medical cameras. Product discontinuations, lack of trained medical personnel, and availability of refurbished equipment are other significant barriers that in some cases limit market sales.
Medical cameras are now required for an increasing number of surgical procedures, a trend that has recently accelerated. The increase in the prevalence of chronic diseases, which has increased the demand for medical equipment, has a direct impact on the sales of wireless surgical cameras.
Due to fewer complications than traditional procedures, older patients prefer non-invasive surgeries (mostly using endoscopes and microscope surgical cameras). The rapid expansion in the healthcare industry, along with the development of system-integrated technologies for tetherless device application during surgery, has prompted market players to invest in providing solutions for the correlated high demand for minimally invasive surgical procedures.
“The increasing preference for minimally invasive surgical procedures, along with the growing adoption of high-resolution wireless surgical cameras based on connective technology in emerging economies, will augment the market growth,” says an IMF analyst.
Key points to remember:
- Based on product type, head mount wireless surgical camera segment will dominate the market. The segment held nearly 43.2% of the total market share in 2021.
- In terms of end-user, sales in the hospital segment will grow at a CAGR of 3% during the forecast period.
- The United States will continue to dominate the wireless surgical camera market in North America during the forecast period due to the strong demand for AI-based surgical cameras.
- Germany will account for the lion’s share of the European wireless surgical camera market during the assessment period.
- Japan and China will become very lucrative pockets in the wireless surgical camera market in East Asia.
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Key players operating in the global wireless surgical camera market are investing in technological advancements to enable advanced imaging and operating room connectivity. To achieve this, the players collaborate with medical and research institutes to provide a comprehensive range of products encompassing minimally invasive imaging technologies. For instance:
- In September 2021, Hillrom will continue to advance connected care as part of Baxter; combination to transform the global healthcare landscape.
- In March 2022, ArthroFree from Lazurite wireless camera system for minimally invasive surgery receives marketing clearance from the FDA.
What does the report cover?
Future Market Insights offers a unique perspective and actionable insights into the Wireless Surgical Cameras market in its latest study, presenting a historical demand assessment from 2017 to 2021 and projections for 2022 to 2032.
The research study is based on Product – (Head Mount Wireless Surgical Cameras, Endoscopic Wireless Surgical Cameras and Surgical Light Mounted Wireless Surgical Cameras), by Procedure (Arthroscopy, Laparoscopy, Cosmetic, Dental and Other Procedures (ear, nose and throat (ENT), urology and cosmetics)), by the end user (hospitals, specialized clinics and ambulatory surgery centers), in seven key regions of the world.
- Solar optics
- Faspro Systems Co Ltd (fasmedo), USA
- world firefly
- North Southern Electronics Limited, China
- United States
- Precision Surgical Ltd
- Steris PLC
- Hill-Rom Services, Inc.
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Key Market Segments Covered by Wireless Surgical Camera Industry Research
- Wireless Head-Mount Surgical Cameras
- Wireless Endoscopic Surgical Cameras
- Wireless Surgical Cameras Mounted on Surgical Lights
Per end user:
- Specialized clinics
- Ambulatory surgery centers
About Future Market Insights Healthcare Division
Future Market Insights helps businesses, governments, investors, and related audiences in the healthcare sector identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technological evolution, and other issues crucial to achieving lasting success. Our unique approach to gathering market intelligence enables you to design innovation-driven trajectories for your business.
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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.
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