The global healthcare machine vision system market share is expected to witness considerable growth, owing to an increase in demand for AI-powered machine vision systems, especially in Asia-Pacific and LAMEA. This is attributed to the rising demand for digital infrastructure solutions across healthcare sectors in these regions. According to Allied Market Research, titled “Healthcare Machine Vision System Market Size,” The healthcare machine vision system market size was valued at $617.40 million in 2021, and is estimated to reach $4.5 billion by 2031, growing at a CAGR of 22.4% from 2022 to 2031.
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A machine vision system, also known as a computer vision system, is a computer-operated device that employs video cameras, digital signal processing, and analog-to-digital conversion based on applications. Machine vision can provide operational guidance to devices to perform actions based on the processing of images. For instance, machine vision can analyze health metrics to help users make better medical decisions. Furthermore, machine vision technology is widely applicable in the surgical and pharmaceutical sectors, owing to the increase in penetration of rapid prototyping technology and 3D modeling, which, in turn, has driven the demand for medical imaging such as CT and MRI.
The surge in the adoption of artificial intelligence (AI)-based technology & big data in healthcare, along with the rising demand for automation in healthcare applications and the increase in the adoption of personalized medicine,s are some of the factors that drive the demand for machine vision systems in the healthcare sector. However, the shortage of skilled professionals is acting as a key deterrent factor in the healthcare machine vision system market, which hampers early adoption in developing countries. Conversely, the adoption of cloud-based healthcare solutions is expected to provide lucrative opportunities for the expansion of the global healthcare machine vision industry during the forecast period.
According to the healthcare machine vision system market analysis, the smart camera segment was the highest contributor to the healthcare machine vision system industry in 2021. The smart camera and MV camera with host PC segments collectively accounted for around 85.2% market share in 2021.
The surge in cloud-based solutions fuels the growth of the smart camera segment, thereby strengthening the global machine vision system market growth.
Region-wise, Asia-Pacific holds a significant share of the healthcare machine vision system industry. Asia-Pacific accommodates a major population of the globe. The adoption of vision-guided robotics systems in the healthcare sector is expected to propel the healthcare machine vision system market share in this region. Technological advancements in machine vision technology by prime vendors such as Teledyne DALSA Inc., OZRAY, and Machine Vision Lighting Inc., in Japan and South Korea, are anticipated to drive the healthcare machine vision system market growth in Asia-Pacific.
The key players profiled in the report include Baumer, Cognex Corporation, FLIR Systems, Inc., Basler, Keyence, Omron Corporation, Teledyne Group, TKH Group, and Sony Corporation. Healthcare machine vision system Market players have adopted various strategies such as product launch, collaboration & partnership, joint venture, and acquisition to strengthen their foothold in the healthcare machine vision system market.
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Healthcare Machine Vision System Market Segmentation:
By Product Type:
MV camera with host PC
Smart camera
Vision-based barcode readers
By Type:
1D
2D
3D
By Application:
In vitro diagnostics
Access tracking
Surgical
Patient monitoring
Microscopy (Histopathology)
Drug dispensing
Key Findings of the Study
- Based on type, the C-mount sub-segment emerged as the global leader in 2022, and the CS-mount sub-segment is anticipated to be the fastest-growing sub-segment during the forecast period.
- Based on the camera, the area scan camera sub-segment emerged as the global leader in 2022, and the line scan camera sub-segment is predicted to show the fastest growth in the upcoming years.
- Based on application, the area scan camera sub-segment emerged as the global leader in 2022, and the line scan camera sub-segment is predicted to show the fastest growth in the coming years.
- Based on end user, the electronics & semiconductor sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years.
- Based on region, the Asia-Pacific healthcare machine vision system market registered the highest healthcare machine vision system market share in 2022 and is projected to maintain the position during the forecast period.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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