The global wireless surgical cameras market size is expected to reach USD 75.1 Million in 2022. Demand is expected to increase at a 7.4% CAGR to reach a valuation of USD 153.3 Million by 2032. According to a recent study by Future Market Insights (FMI), head mount wireless surgical cameras are leading the market with a share of about 43.2% in 2021.
Market Outlook:
| Attributes | Key Statistics |
|---|---|
| Wireless Surgical Cameras Market Base Year Value (2021) | USD 69.9 million |
| Estimated Market Size (2022) | USD 75.1 million |
| Projected Market Valuation (2032) | USD 153.3 million |
| Value-based CAGR (2022 to 2032) | 7.4% |
| Market Share of Top 5 Countries | 55.3% |
Wireless surgical cameras are devices that assist medical professionals with several surgical procedures and promote quicker post-operative recovery. Despite recent developments in surgical research, healthcare inequities prevent modern surgical methods from being widely used to improve human health and wellbeing, especially among socially disadvantaged communities that may have few resources.
By bringing individualized healthcare and surgical knowledge closer to patients in remote locations, the developing field of telemedicine has the potential to eliminate such discrepancies. The incorporation of wireless surgical cameras with telemedicine has provided educational resource sharing through live surgical programs that are shared among authorized medical professionals.
The market value for wireless surgical cameras was approximately 2.4% of the overall USD 2.9 Billion of the global medical cameras market in 2021.
Following the COVID-19 outbreak, sales of wireless surgical cameras increased at a considerable pace. Before making investments in new technologies and geographic areas, companies in the wireless surgical cameras market are keeping a steady supply of medical equipment to improve medical results.
Videos of every surgery case are essential for documentation and education. Livestreaming of surgical procedures has been discussed in several surgical specialties in the past. Remote surgical training has recently emerged as a viable option to fill any surgical training gaps that residents and medical students may have encountered as a result of the COVID-19 outbreak.
There are many surgical recording cameras on the market, and the one utilized in surgery the most is the one that is integrated into a headlight. Livestreaming surgery could replicate the active learning that occurs in operating rooms (OR) if it is made available in training facilities. Some facilities already have ORs with video cameras set up to broadcast over the internet to authorized remote viewers.
Additionally, the development of capsule endoscopy (CE) in 2000 offered a brand-new non-invasive method of imaging the small bowel, which was previously challenging to access. As peristalsis moves a swallowable pill camera through the gastrointestinal (GI) tract, images are recorded and later converted to video on a computer. It is now recognized as the first-line investigation for disorders of the small boweless energy than a wired system, resulting in procedures that are both environmentally friendly and economically advantageous.
Thus, owing to the aforementioned factors, demand in the global wireless surgical cameras market is expected to grow at a CAGR of 7.4% during the forecast period from 2022 to 2032.
The market for wireless surgical cameras is likely to witness propulsion in terms of demand and adoption, owing to the development of single-incision laparoscopic surgery (SILS), which was introduced to reduce the number of incisions made during a laparoscopic surgical procedure.
This approach is less invasive, and the adoption of these technologies has gradually gained ground. Patients who undergo SILS as opposed to conventional multi-port laparoscopic surgery experience less discomfort, less postoperative pain, a quicker recovery, and better scarring results.
The concept of a laparoscopic camera that may be fully inserted and operated remotely inside the human abdominal cavity has recently been the driving force behind the development of next-generation laparoscopes. From cable tethering, mechanical anchoring, and motorized actuation, related work has advanced in two directions: tether-less access, and non-contact actuation.
For operating the actuator, a lightweight collaborative robotic arm that can sense force and detect collisions is used, which not only offers robotic help but also safely engages with surgeons. When a collision event or an overload is detected, this robotic arm stops in milliseconds.
This robot arm works together and communicates with surgeons simultaneously, unlike teleoperated slave robots. In the event of an incident, surgeons can take control of the actuator intraoperatively and move it swiftly to a desired safe position to prevent further injuries by physically moving the collaborating arm. This innovation will create a wide range of potential applications for wireless surgical cameras, which in turn will boost sales in the market.
Modern wireless endoscopic cameras have an edge over traditional surgery in terms of illumination and magnification of the laparoscope. Endoscopy, however, has not taken off as swiftly as was anticipated, particularly in underdeveloped nations.
High expenditures, equipment complexity, and a dearth of specialist training facilities are the factors of these delays. High-income economies currently develop and produce most of the technology utilized in surgical endoscopy today. Technology transfer to locations with limited resources is challenging due to the cost of this equipment.
High Investments in the Healthcare Sector Will Boost Sales of Wireless Surgical Cameras in the USA
The USA dominated the North America wireless surgical cameras market in 2021, holding about 87.2% of the total market share. As per FMI, the trend is expected to continue over the forecast period.
Increasing need for minimally invasive procedures, rapid adoption of technologically-advanced medical equipment, and the presence of enhanced healthcare infrastructure are expected to bode well for the market over the forecast period.
High Demand for Advanced Wireless Surgical Cameras in Japan and China Will Fuel Growth
Japan held approximately 33.2%, and China accounted for nearly 47.8% of the East Asia market share in 2021. The market for Ultra High Definition (UHD) surgical display wireless surgical cameras, which quadruple the 4k resolution ones, has been expanding in Japan for the past few years as a result of the recent wave of technological automation.
In Japan, 4K surgical displays are accessible but less popular than UHD models. There is still a sizable HD installed base in both Japan and China, despite a growing percentage of facilities switching to UHD and 4K. The rise in the number of units sold in the market will be fuelled by the conversion of this installed base.
Rising Influx of Medical Tourists in Germany Will Drive Demand for Wireless Surgical Cameras
Germany accounted for nearly 27.5% of the Europe wireless surgical cameras market in 2021. The growth in the market is primarily propelled by greater volumes of medical tourists into the country.
With the rising rates of medical procedures, including cosmetic dentistry, the adoption of intraoral cameras, as well as wireless surgical cameras has gained importance. This factor is expected to boost the sales of wireless surgical cameras over the forecast period.
The Adoption of Head Mount Wireless Surgical Cameras is Gaining Momentum
Based on product type, sales of head mount wireless surgical cameras are expected to increase at a 7% CAGR over the assessment period. Head mount wireless surgical cameras provide advantages such as tether-free approach of a cordless system, as well as the availability of enhanced integrated imaging resolution.
Essentially, endoscopic wireless surgical cameras also aid with a minimally invasive surgical procedure and thus promote a positive patient recovery rate with reduced time and reduced length of hospital stay.
Sales of Wireless Surgical Cameras Across Hospitals to Remain High
In terms of end user, hospitals accounted for 53.5% of the total market share in 2021. Growing prevalence of chronic and infectious diseases, as well as the associated volumes of surgical procedures will continue driving sales in this segment.
By combining their products in cost-effective packages, manufacturers compete on pricing. The dynamics of the market have changed as a result of new competitors. By making significant investments in businesses that make endoscopic devices and video-based systems, manufacturers of OR equipment are starting to compete in other markets. HD wireless surgical cameras have become the current industry standard. For instance:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 75.1 million |
| Projected Market Valuation (2032) | USD 153.3 million |
| Value-based CAGR (2022-2032) | 7.4% |
| Forecast Period | 2017 to 2021 |
| Historical Data Available for | 2022 to 2032 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa |
| Key Countries Covered | The USA, Canada, Brazil, Mexico, Argentina, the UK, Germany, Italy, Russia, Spain, France, BENELUX, India, Thailand, Indonesia, Malaysia, Japan, China, South Korea, Australia, New Zealand, Turkey, GCC, and South Africa |
| Key Market Segments Covered | Product, End User, and Region |
| Key Companies Profiled | 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 |
The global wireless surgical cameras market is worth USD 69.9 Million in 2021 and is set to expand 2X over the next ten years.
The wireless surgical cameras market is expected to reach USD 153.3 Million by the end of 2032, with sales revenue expected to register a 7.4% CAGR.
Rising rates of surgical procedures, increasing demand for minimally invasive surgeries, and the growing incidence of age-related diseases are some of the key trends in this market.
The USA, Germany, the UK, China, and Japan are expected to drive demand for the wireless surgical cameras industry.
North America is one of the key markets for wireless surgical cameras, with the USA accounting for about 87.2% of the North American wireless surgical cameras market in the year 2021.
Demand for wireless surgical cameras in Europe is expected to increase at a 6.9% CAGR over the next ten years.
The USA, Germany, and Japan are the key producers of wireless surgical cameras.
Sunoptics, Faspro Systems Co Ltd (fasmedo), USA, Stryker, Firefly Global, Surgiris, North Southern Electronics Limited, China, Xenosys USA, Precision Surgical Ltd, Steris PLC, and Hill-Rom Services, Inc, are some of the key players in the wireless surgical cameras market.
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Wireless Surgical Cameras Market
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