According to Future Market Insights most recent industry report, the global wireless surgical cameras market is expected to generate US$69.9 million in sales by 2021. Over the course of the projection period of 2022 to 2032, sales are anticipated to grow at a 7.4% CAGR, reaching a market value of US$ 153.3 million 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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Medical cameras are now required throughout an increasing number of surgical procedures, a trend that has accelerated recently. Rising in chronic disease prevalence, which has increased 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 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.
Key Takeaways:
- 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 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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Competition Landscape
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.
- 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.
Key Players:
- Sunoptics
- Faspro Systems Co Ltd(fasmedo), USA
- Stryker
- Firefly Global
- Surgiris
- North Southern Electronics Limited, China
- Xenosys USA
- Precision Surgical Ltd
- Steris PLC
- Hill-Rom Services, Inc
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Key Market Segments Covered in Wireless Surgical Cameras Industry Research
By Product:
- Head Mount Wireless Surgical Cameras
- Endoscopic wireless surgical Cameras
- Surgical Light Mounted Wireless Surgical Cameras
By End User:
- Hospitals
- Speciality Clinics
- Ambulatory Surgical Centers
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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