(PharmaNewsWire.Com, October 10, 2020 ) According to the 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, Speciality Clinics & Ambulatory Surgery Centers) - Global Forecast" published by MarketsandMarkets™.
Revenue Growth Opportunities and Growth Drivers?
The global medical camera market is expected to reach USD 3.69 Billion, at a CAGR of 8.7% during the forecast period.
Growth Boosting Factors:
- Increasing Number of Surgical Procedures That Utilize Medical Cameras - Technological Advancements in Medical Cameras - Growth Opportunities in Asia
The camera type segment of the market is further segmented into endoscopy cameras, surgery Microscopy cameras, dermatology cameras, ophthalmology cameras, and dental cameras. 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.
The sensor type segment of the market is further segmented into charge coupled device (CCD) and complementary metal-oxide-semiconductor (CMOS) sensors. The CMOS segment is expected to grow at the highest CAGR during the forecast period. CMOS Image Sensors offer various advantages, such as low power consumption, ease of integration, rapid frame rate, and low manufacturing cost, which are driving growth in this segment.
The resolution type segment of the medical camera market is further segmented into standard-definition (SD) and high-definition (HD) cameras. The HD cameras segment accounted with the highest growth rate in this market, during the forecast period; owing to a rising demand for high-definition visuals in surgical procedures.
The geography segment is categorized into into North America, Europe, Asia, and the Rest of the World. North America held the largest share in the medical cameras 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).
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
