Medical Camera Market by Camera Type (Endoscopy, Surgery, Dermatology, Ophthalmology, Dental), Resolution (HD, SD), Sensor (CMOS, CCD), End-Users (Hospitals, Diagnostic Centers, Speciality Clinics & Ambulatory Surgery Centers) - Global Forecast to 2021
The global medical cameras market is expected to reach USD 3.69 billion by 2021 from USD 2.43 billion in 2016, at a CAGR of 8.7% during the forecast period. The global medical cameras market is broadly classified by camera type, sensor, resolution, end user, and region.
On the basis of camera type, the segments are endoscopy cameras, surgery microscopy cameras, dermatology cameras, ophthalmology cameras, and dental cameras. The surgery microscopy cameras segment is expected to grow at highest CAGR during the forecast period primarily due to the increasing number of surgeries around the world.
On the basis of sensor type, the segments are charge coupled device (CCD) and complementary metal-oxide-semiconductor (CMOS) sensors. In 2016, the CMOS segment accounted for the largest share of this market; various advantages such as low power consumption, ease of integration, rapid frame rate, and low manufacturing cost are driving high adoption of CMOS sensor-based cameras.
On the basis of resolution type, the segments are standard-definition (SD) and high-definition (HD) cameras. The HD cameras segment accounted for the largest share of this market due to a rising demand for high-definition visuals in surgical procedures.
On the basis of end user, the segments are hospitals, diagnostic centers, and specialty clinics & ambulatory surgery centers. The hospitals segment is expected to dominate the global medical cameras market due to growing government and private investments to upgrade healthcare infrastructure and the increasing number of hospitals, especially in Asia.
Geographically, the market is segmented into North America, Europe, Asia, and the Rest of the World. In 2016, North America held the largest share in the medical cameras market and is expected do so in the forecast period as well. Asia is expected to witness the highest CAGR, with its growth centered on China, Japan, and India.
Technological enhancement is likely to create new opportunity for key players during the forecast period. The high growth potential in the Asian region provides opportunities for players in the medical cameras market.
The major players in the medical cameras market include Olympus Corporation (Japan), Stryker Corporation (U.S.), Hamamatsu Photonics K.K. (Japan), Sony Corporation (Japan), and Carestream Health (a subsidiary of Onex Corporation (Canada).
This report provides insights into the global medical cameras market. It profiles key players in the market and provides a thorough product analysis. Strategies followed by key players to remain competitive in the medical cameras market were analyzed to provide a better understanding of the market dynamics.
The forecasts provided in the report will enable firms to understand trends in this market and help them to capitalize on growth opportunities.
Reasons to Buy the Report:
This report will enable both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help these companies garner greater market shares. Firms that purchase the report can use any one or a combination of the five strategies mentioned below to strengthen their market shares.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information regarding the product portfolios of the top players in the medical cameras market.
• Product Development/Innovation: Detailed insights into upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, geographic & business segments, and product portfolios of the key players in the medical cameras market
• Market Development: This report analyzes the market for various medical camera products across geographies, providing comprehensive information about emerging markets
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the medical cameras market