Medical Camera Market Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

Seattle, WA -- (SBWire) -- 11/07/2019 --Medical cameras are typically designed cameras that are used for documentation of clinical demonstration of patients, surgical and medical procedures, and medical devices. Medical cameras are have high resolution that enables them to obtain enhanced and magnified images for clear diagnosis of any kind of injury, disease, or medical anomalies.

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Different types of medical cameras are available in the market including endoscopy camera, laparoscopy camera, urology camera, gynecology camera, surgical camera, ear, nose, throat (ENT) camera, etc. Novel technologies in medical camera facilitate more clarity in image and accurate diagnosis, which in turn increases demand for medical camera in the market.

Global Medical Camera Market: Drivers

Growing research and development activities for new technology in medical imaging is expected to drive growth of the global medical camera market during the forecast period. Sophisticated cameras offer high-resolutions images resulting in their increased adoption. For instance, in September 2017, the scientists at the University of Edinburgh, Scotland, developed a medical camera that can see through the human body. These cameras are developed to track down the endoscopy devices for the investigation of internal conditions.

Growing proactive government initiatives such as funding for the development of healthcare infrastructure and medical equipment is expected to boot the global medical camera market growth. According to U.S. National Health Expenditure Accounts (NHEA) 2017 reports, the U.S. has spent US $54.4 billion on the durable medical equipment in 2017. Furthermore growing use of medical cameras in various applications in endoscopy such as gastroscopy, colonoscopy, bronchoscopy, and laryngoscopy is expected to drive the market growth in the near future.

Global Medical Camera Market: Restraints

However, after effects of endoscopy is expected to restrain growth of the global medical camera market during the forecast period. For instance, after the upper gastrointestinal (GI) tract endoscopy, some observed complications include bleeding (tearing of GI tract), infections, chest pain, and adverse reaction to sedation regularly occurs. Most of the endoscopy performed in the U.S. and Europe are done with patients under sedation, due to which major complications arises. According to New England Journal of Medicine (NEJM) January 2018 reports, around 33% of patients developed minor respiratory complication and around 6% developed major respiratory complication due to the improper sedation in Germany.

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Global Medical Camera Market: Regional Analysis

Among regions, North America is expected to hold the dominant position in the global medical camera market during the forecast period. This is owing to increasing prevalence of gastrointestinal diseases, which require endoscopies for the diagnosis in the U.S. In 2018, as per the NEJM reports, around 18 million endoscopies were performed in the U.S. including 11 million colonoscopies. Moreover, new technological advancements are also contributing to growth of medical camera market. For instance, in March 2014, U.S. Food and Drug Administration (FDA) approved PillCam COLON 2 developed by Medtronic as a minimal invasive device for colonoscopy in the U.S.

Furthermore, Asia Pacific is expected to witness significant growth in global medical camera market, owing to high presence of major players operating in the medical camera market such as Olympus Corporation, Canon Corporation, Sony Corporation, and Hamamatsu Photonics K.K. in Japan.

Global Medical Camera Market: Competitive Landscape

Key players operating in the global medical camera market include Olympus Corporation, Stryker Corporation, Hamamatsu Photonics K.K., Sony Corporation, Carestream Health, and Canon Corporation.

Global Medical Camera Market: Taxonomy

The global medical camera market is segmented on the basis of application, technology, sensor, resolution, end user, and region.

By Application
- Dental Camera
- Dermatology Camera
- Endoscopy Camera
- Ophthalmology Camera
- Surgical Microscopy Camera
- Others
By Technology
- Digital Imaging (2D/3D)
- Infrared
- Liquid Lens Technology
- Optical Coherence Tomography (OCT)
By Sensor
- Charge Couple Device (CCD)
- Complementary Metal-oxide Semiconductor (CMOS)
By Resolution
- High Definition Camera
- Standard Definition Camera
By End User
- Hospitals
- Diagnostic Centers
- Academic and Research Institutes
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa

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