The visible light range scientific camera market is projected to reach USD 0.6 billion by 2028 from USD 0.4 billion in 2023; it is expected to grow at a CAGR of 7.9% from 2023 to 2028.
Medical cameras are widely used during endoscopic procedures. They are less invasive, save expenditure on pre-and post-operative care, and reduce the length of the stay at hospitals. Also, health insurance providers in selected countries are increasingly covering these procedures. All these factors have led to a higher preference for endoscopy procedures among patients and physicians. According to Gastroenterology, in 2019, in the US, nearly 11.0 million colonoscopies, 6.1 million upper endoscopies, 313,000 flexible sigmoidoscopies, 178,400 upper endoscopic ultrasound examinations, and 169,500 endoscopic retrograde cholangiopancreatography procedures are performed annually. Endoscopy is increasingly being used for the treatment/diagnosis of several orthopedic, neurological, and gastroesophageal reflux disorders and cancer. According to Cancer Research UK, 17 million cancer cases were diagnosed worldwide in 2017, and it is estimated to reach 27.5 million by 2040 (an increase of 61.7%). This number is expected to result in significant growth for cancer surgeries, as ~80% of cancer cases require surgery (Source: Lancet Commission on Global Surgery). Thus, the rising incidence of target health conditions is expected to drive the demand for visible light range scientific cameras in the coming years.
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The Ontario government, in August 2022, invested USD 1.8 million new scientific cameras and better technology to enhance police efforts to prevent crime, especially gun and gang violence. The funding will go through Ontario's CCTV (closed-circuit television) grant program. The government announced that the funds would replace outdated equipment systems, install new and more CCTV surveillance scientific cameras, and expand current technology-based infrastructure. The authorities also announced that the cameras would be set up in areas prone to violence, as well as to prohibit drug and human trafficking. The program was launched in August 2022 and is part of the gun, gangs, and violence reduction strategy of the province.
The prominent players operating in the visible light range scientific camera market are Hamamatsu Photonics (Japan), Teledyne Technologies (US), Thorlabs, Inc. (US), XIMEA GmbH (Germany), Photonic Science (UK), Excelitas PCO GmbH (PCO-TECH Inc.) (Germany), Oxford Instruments (Andor Technology) (UK), Atik Cameras (UK), Diffraction Limited (Canada), and Spectral Instruments, Inc. (US).
Top 2 Players in visible light range scientific camera market:
Hamamatsu Photonics (Japan)
Hamamatsu TV Co., Ltd. was established in 1953, followed by a company name change to Hamamatsu Photonics in 1983. The company has more than 15,000 products with offices worldwide. Hamamatsu Photonics is a manufacturer of devices for the generation and measurement of visible, infrared, and ultraviolet light. These devices include photomultipliers, photodiodes, infrared detectors, image sensors, scientific cameras, and light sources. It also offers x-ray detectors and sources, specialized photometric systems for semiconductor manufacturing, pharmaceutical development, nondestructive inspection, and academic research. The player conducts basic research on the fundamental properties of light while also making extensive R&D efforts to develop new products. Its devices are used worldwide in scientific, industrial, and commercial applications.
Hamamatsu Photonics offers products in four different segments, i.e., Opto-semiconductor, Electron Tube, Imaging and Measurements Instruments, and Others which include the semiconductor laser business, hotel operations run by Iwata Grand Hotel Inc., a subsidiary, and business relating to the proprietary products of Beijing Hamamatsu Photon Techniques, Inc., which is also a subsidiary. The imaging and measurement instruments segment offers visible light range scientific cameras such as CCD, CMOS, etc.
Oxford Instruments (Andor Technology)
Andor Technology a global leader in developing and manufacturing high-performance scientific digital cameras, microscopy systems, and spectrographs for academic, industrial, and government applications. Andor Technology joined the Oxford Instruments family in 2014 and acted as one of seven businesses within the Group, strengthening their position to innovate in their chosen markets. Oxford Instruments provides high-technology tools and systems for research and industry. They design and manufacture equipment that can fabricate, analyze and manipulate matter at the atomic and molecular levels. Oxford Instruments has discrete business groups operating in three sectors. The company has three business segments, i.e., Research & Discovery, Material & Characterization, and Service & Healthcare. Research & discovery business segment offers visible light range scientific cameras.
The extensive portfolio of high-performance imaging cameras is suited to a wide range of applications across physical science and Life Sciences. Their technologies offer a combination of sensitivity, speed, and dynamic range, ensuring they have the ideal solution for the research experiments. The player provides a wide range of EMCCD, sCMOS, and CCD camera models.
Visible Light Range Scientific Camera Market by Type (sCMOS, sCMOS (Backthinned), CCD, CCD (Backthinned), EMCCD), Camera Resolution (Less than 4 MP, 4 MP to 5 MP, 6 MP to 9 MP, More than 9 MP), Camera Price and Region - Global Forecast to 2028
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