The consolidated medical cameras and microscopes market has been witnessing steady growth over the years and a number of high-quality products with advanced technology are available today. Substantial investment in research and development and the implementation of favorable acts and laws have supported the growth of the medical cameras and microscopes market and will continue to do so in the years to come.
The global market for medical cameras and microscopes is poised to expand at a 4.0% CAGR from 2015 to 2023, rising from a value of US$942.6 mn in 2014 to US$1.3 bn by the end of the forecast period.
The Asia Pacific medical cameras and microscopes market is projected to expand at the fastest pace over the course of the forecast period, with China emerging as the leading contributor. Factors such as a rise in healthcare expenditure, the growing geriatric population, and increasing awareness in several developing countries are likely to contribute toward the expansion of the Asia Pacific medical cameras and microscopes market. Japan boasts of a burgeoning market for medical devices and materials and as a result, the country is expected to present lucrative opportunities for players in the medical cameras and microscopes market.
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Some of the leading companies in the global market are Haag-Streit USA (U.S.), Danaher Corporation (U.S.), Carl Zeiss Meditec AG (Germany), Allied Vision GmbH (Germany), Topcon Corporation (Japan), Nikon Corporation (Japan), SPOT Imaging Solutions (U.S.), JOEL Ltd. (Japan), Stryker Corporation (U.S.), and Olympus Corporation (Japan).