The Global Medical Camera Market is expected to reach USD 3.69 Billion, at a CAGR of 8.7% during the forecast period.
According to a new market research report “Medical Camera Market by Camera Type (Endoscopy, Surgery, Dermatology, Ophthalmology, Dental), Resolution (HD, SD), Sensor (CMOS, CCD), End-Users (Hospitals, Diagnostic Centers, Specialty Clinics & Ambulatory Surgery Centers) — Global Forecast to 2021”, published by MarketsandMarkets™.
Technological advancements and increasing number of surgical procedures requiring medical cameras are the key drivers of this market.
The camera type segment is categorized into endoscopy cameras, surgery microscopy cameras, dermatology cameras, ophthalmology cameras, and dental cameras. In 2016, the endoscopy cameras segment dominated the global Medical Camera Market; the increase in the number of endoscopy surgeries performed globally is a key market driver for this segment.
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The sensor type segment is categorized into 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.
The resolution type segment is categorized into 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.
The end user type segment is categorized into hospitals, diagnostic centers, and specialty clinics & ambulatory surgery centers. The hospitals segment is expected to dominate the global Medical Camera Market due to growing government and private investments to upgrade healthcare infrastructure and the increasing number of hospitals, especially in Asia.
The geography segment is categorized into North America, Europe, Asia, and the Rest of the World
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North America held the largest share in the Medical Camera Market and will continue to do so in the forecast period. Asia is expected to witness the highest CAGR, with its growth centered on China, Japan, and India.
Prominent players in this market Olympus Corporation (Japan), Stryker Corporation (U.S.), Hamamatsu Photonics K.K. (Japan), Sony Corporation (Japan), and Carestream Health (a subsidiary of Onex Corporation (Canada).