The German-speaking countries are expected to account for a lion’s share of Europe's wireless surgical cameras market over the next ten years. The head mount wireless surgical cameras segment is expected to dominate the market with nearly 43% of total revenue
NEWARK, Del, July 13, 2022 (GLOBE NEWSWIRE) -- As per Future Market Insights’ latest industry analysis, the valuation for the global wireless surgical cameras market stood at US$ 69.9 Mn in 2021. Over the forecast period of 2022-2032, sales are projected to increase at a 7.4% CAGR, pushing the market valuation to US$ 153.3 Mn by 2032.
Rising surgical operations, high endoscopic procedure demand, and rising investments in endoscopy and laparoscopy facilities are expected to drive sales in the market. A significant barrier to industry expansion, meanwhile, is the expensive price of medical cameras. Product discontinuations, a lack of qualified medical personnel, and the availability of refurbished equipment are other significant obstacles that in some cases restrain sales in the market.
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Due to fewer complications than traditional procedures, older patients prefer non-invasive surgeries (mostly employing endoscopes and microscope surgical cameras). Rapid expansion in the healthcare sector, along with the development of system-integrated technologies for a tether-free device application during surgery, have instigated market players to invest in providing solutions for the co-related high demand for minimally invasive surgical procedures.
“Growing preference for minimally invasive surgical procedures, along with rising adoption of connective-technology based high resolution wireless surgical cameras across emerging economies will augment the growth in the market,” says and FMI analyst.
Based on product type, the head mount wireless surgical cameras 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 hospitals segment will increase at a 7.3% CAGR during the forecast period.
The U.S. will continue dominating the North America wireless surgical cameras market over the forecast period owing to high demand for AI-based surgical cameras.
Germany will account for a lion’s share of the Europe wireless surgical cameras market over the assessment period.
Japan and China will emerge as highly lucrative pockets in the East Asia wireless surgical cameras market.
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Key players operating in the global wireless surgical cameras market are investing technological advancements to enable advanced imaging and operating room connectivity. To obtain this, players are collaborating with medical and research institutes to provide a comprehensive range of products encompassing minimally invasive imaging technologies. For instance:
In September 2021, Hillrom to continue advancing Connected Care™ as part of Baxter; combination to transform the global healthcare landscape.
In March 2022, Lazurite’s ArthroFree™ wireless camera system for minimally invasive surgery receives FDA market clearance.
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the wireless surgical cameras market in its latest study, presenting a historical demand assessment of 2017 – 2021 and projections for 2022 – 2032.
The research study is based on the product – (head mount wireless surgical cameras, endoscopic wireless surgical cameras, and surgical light mounted wireless surgical cameras), by procedure (arthroscopy, laparoscopy, cosmetic procedures, dental, and others (otolaryngology (ENT), urology, and cosmetic)), by the end user (hospitals, speciality clinics, and ambulatory surgical centres), across seven key regions of the world.
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Key Market Segments Covered in Wireless Surgical Cameras Industry Research
Head Mount Wireless Surgical Cameras
Surgical Light Mounted Wireless Surgical Cameras
Middle East and Africa (MEA)
About Healthcare Division at Future Market Insights
Future Market Insights facilitates corporates, government, investors, and associated audiences in the healthcare sector to identify and accentuate vital aspects applicable to product strategy, regulatory landscape, technology evolution, and other crucial issues to achieve sustainable success. Our unique approach to gathering market intelligence equips you in devising innovation-driven trajectories for your business. Know more about our sector coverage here.
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2.2. Market Definition / Scope / Limitations
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4.1. Key Promotional Strategies, By Key Manufacturers
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