Anything is possible, however if the device is not exhibiting any strange behavior, there is no way to know. I would just make sure you keep a recent backup in case anything was to show up. If so, then you can make a Genius Bar appointment and see about a replacement. Understand though, user damage is not covered under the Apple warranty, so replacement would come with a cost.
I accidentally dropped my iPhone 7 plus, it looks like nothing happened the screen is okay and everything seems working well but i doubt if is there any possibility that might affect my phones performance or camera either
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If the iPhone is working as it should, it's probably ok. I've dropped my iPhone 6 on occasion without damage. They are pretty forgiving devices.
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Question: iphone 7 plus accidentally dropped