According to a recent market research report by Transparency Market Research, the global market for medical imaging lens will see massive rise in demand owing to the vast rise in research laboratories, academic research centers, and research activities across the globe. The report is titled “Medical Imaging Lens Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.”
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Other leading factors expected to have a notable impact on the future course of development of the global medical imaging lens market include the massive rise in surgeries, rise in number of diagnostics tests due to the vast rise in prevalence of chronic diseases and infections, and the increased demand to improve healthcare infrastructures in emerging economies. The massive rise in the population of geriatrics, which happens to be a demographic most prone to a number of infections and contagious diseases, is also acting as a positive force for the global medical imaging lens market.
However, factors such as the high level of competition among existing players, stringent approval norms, and cost-intensive development procedures could act as roadblock for new or small players keen on venturing into the market or expanding their outreach. Other factors such as government regulations aimed at the reduction of healthcare costs and product recalls could also work against the market to an extent.
The report segments the market on the basis of certain criteria to provide the reader a better understanding of the overall growth prospects of the market over the forecast period. For the study, the medical imaging lens market has been segmented into application, end-use, material, and geography.
The key applications of medical imaging lens market covered in the report include endoscope couplers, diagnostic camera hand pieces, medical X-ray scanning, and fiber scope couplers. On the basis of material, the market has been segmented into plastic, metal, and hybrid. Key end users of medical imaging lenses examined in the report include research and academic institutes, diagnostic centers, and hospitals. Of these, the segment of hospitals account for a dominant share in the market presently and is likely to continue to hold a significant share in the overall market over the forecast period as well.
Geographically, the report covers the medical imaging lens market across regions such as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. North America acquired the largest chunk in global revenue in 2016, thanks to a well-developed healthcare sector, an encouraging research scenario for pharmaceutical, biomedicine, and other medical specialties in the region and the high prevalence of chronic diseases. The regional market is also likely to expand at a promising pace over the forecast period.
Some of the leading vendors contributing to the global medical imaging lens market through their products and services are Edmund Optics, Fujifilm Holdings Corporation, Nikon Instruments, Inc., Leica Microsystems, Canon, Inc., Panasonic Corporation, National Instruments, Olympus Corporation, Navitar, and Eastman Kodak Company.