Till now, the global medical cameras and microscopes market has already taken up a large chunk of the overall healthcare revenue, owing to its large array of applications in numerous medical fields. These imaging devices can help medical professionals study the human anatomy a lot better, while also using these tools for sharper diagnostics. Using these tools properly and at the right time can help save a lot of lives as well as time and effort.
Medical Camera and Microscope uses in Cancer Studies
One of the biggest uses of medical cameras and microscopes is in the research and treatment of one of the biggest killers in the world: cancer. According to the National Cancer Institute, 8.20 mn deaths in 2012 were directly caused by cancer, while 14 mn new cases were registered in the same year. This is set to put massive pressure on the global industries of healthcare, the global medical cameras and microscopes market being one of them.
Medical Camera and Microscope uses in Old Age Diseases
According to the WHO, the global population will increase by at least 35% from 2011 to 2021. The population growth does not simply point to a growth in the number of cancer patients, but a number of other diseases that require the use of medical cameras and microscopes as well. Another major problem that needs to be tackled by the healthcare industry is the high proportion of the geriatric demographic in the global population. The baby boomer era is slowly drawing to a close, creating a higher percentage of the elderly, who are in high need of medical attention. For example, the WHO had again stated in 2011 that the geriatric population will double by 2021. Some of the most common problems faced by the elderly are related to the eye, and the WHO has estimated that in 2000, more than 12.0 mn cataract surgeries were performed around the world. What’s more, this number could most likely rise all the way up to 32.0 mn by 2020, owing to the rise in the number of senior citizens.
Medical Cameras and Microscopes Technologies Advance Further
While it is true that the burden on the healthcare industry is steadily increasing, the situation is not as tense in most countries. The amount of research and development efforts put in by many economies, both developed and developing, has paved the way for the future of the global medical camera and microscope market. One such attempt made recently produced a handheld medical microscope that can identify cancer cells. This microscope is being developed by a team of mechanical engineers in the University of Washington, along with a number of members from other organizations and fields. If perfected, these devices could reinvent the way we go about fighting cancer. These microscopes could play a critical role in early diagnosis and resection guidance for tumors.
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It is therefore no surprise that the global medical camera and microscope market is expected to reach US$1.34 bn in 2023, rising from its 2014 valuation of US$0.9 bn. The market is currently filled with opportunities and only needs a push in the right direction to put the development processes in motion.