Medical cameras and microscopes are used for a wide range of medical applications. Increase in the number of surgeries performed drives demand for surgical microscopes. Similarly, rise in the prevalence of diseases such as cancer increases demand for pathological microscopes. According to the National Cancer Institute, cancer is one of the leading causes of death worldwide. Around 14 million new cases and 8.2 million cancer-related deaths were reported worldwide in 2012. The number of surgical procedures performed is likely to rise due to increase in the geriatric population across the globe. This is expected to boost the market for surgical microscopes. For instance, according to data released by WHO in 2011, the world’s population will increase by about 33% in the next 10 years. Furthermore, the number of people older than 65 years will more than double worldwide. The WHO estimates that 32 million cataract operations will be performed worldwide by 2020. This number is expected to increase from 12 million in 2000 to 32 million by 2020.
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The global medical cameras and microscopes market is segmented based on the type microscopes and medical cameras. The microscopes segment has been sub-segmented into surgical and pathology microscopes. The surgical microscopes segment has been sub-segmented, by application, into ophthalmology, ENT, neurosurgery, and others. The pathology microscopes segment has been sub-segmented, by end-user, into hospital laboratories, diagnostic laboratories, and physician offices. The medical cameras segment has been sub-segmented, by type, into endoscopy, dental, dermatology, ophthalmology, surgical microscope and pathology microscope. The microscopes segment accounted for the largest share of around 51% of the market in 2014. The surgical microscopes sub-segment held 90% share of the microscopes segment in 2014.
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Geographically, the medical cameras and microscopes market has been categorized into five regions: North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). North America held the largest share of the medical cameras and microscopes market in 2014, followed by Europe. The largest market share of North America is attributed to growing demand due to increasing proportion of geriatric population and technological advancements in medical devices. Asia Pacific was identified as the third largest market for medical cameras and microscopes in 2014. The region is expected to register the fastest CAGR during the forecast period. Increasing health care expenditure, health care awareness, expansion of market players, and rising geriatric population in the region are likely to contribute to market growth.
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Major players in this market are Carl Zeiss Meditec AG (Germany), Olympus Corporation (Japan), Danaher Corporation (U.S.), Nikon Corporation (Japan), Haag-Streit USA (U.S.), Stryker Corporation (U.S.), JOEL Ltd. (Japan), SPOT Imaging Solutions (U.S.), Allied Vision GmbH (Germany), and Topcon Corporation (Japan). The top four players account for nearly 90% of the market.
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