The medium format camera segment has been in decline since the rise of digital imaging, primarily due to competition from more accessible 35 mm cameras and the high costs associated with medium format. Despite initial benefits from digital backs in the 1990s, medium format companies struggled to adapt and survive, leading to significant layoffs and bankruptcies. As digital SLRs improved, the appeal of medium format photography diminished, with the market continuing to shrink since the early 1980s.