(PharmaNewsWire.Com, February 07, 2018 ) Asia Pacific Medical Cameras Market was worth USD 500 million in 2016 and estimated to be growing at a CAGR of 9.8%, to reach USD 800 million by 2021. Medical Cameras assist surgeons as well as clinical staff by taking pictures during medical procedures like endoscopy, arthroscopy, ophthalmology, spectroscopy and robotic surgery among others. They aid in spotting and treating diseases during surgical procedures by providing the details of internal organs of a person. It also develops a database of normal anatomy and physiology which helps to identify any abnormalities in a person’s internal organs.
Technologies like 3D medical imaging is used in many procedures like monitoring of rheumatoid arthritis, cosmetic surgery simulation and dental prosthesis among others. High-speed imaging techniques can take pictures and process the movements of a person suffering from muscular-skeletal diseases. Cameras having thermal technology can spot inflamed tissues or abnormal blood circulation. Medical Cameras with infrared technology produce a range of wavelengths which in turn can decipher properties such as water content, temperature and chemical components which is not possible by using a regular camera.
A few driving factors of Asia Pacific Medical Cameras market are huge investment in research and development, growing technological advancements, rising need of medical procedures requiring medical cameras and favourable laws set by the government among other factors. The market is however constrained by health hazards as a result of exposure to radiation, high price of equipment and insufficient skill in operating the devices among workers.
Market Segmentation Products Microscopes Medical Cameras Camera Type Endoscopy Cameras Dermatology Cameras Ophthalmology Cameras Dental Cameras Surgery Microscopy Cameras Sensor Type Charged Couple Device Complementary Metal Oxide Semiconductor End User Hospitals Diagnostic Centers Specialty Clinics & Ambulatory Surgery Centers
The Asia Pacific Medical Cameras market is segmented on the basis of products into microscopes and medical cameras. Microscopes has the larger share in the segment and is also expected to grow fastest, owing to rising geriatric population and rising demand for microscopes in various medical applications. Based on camera type, the market is segmented into endoscopy cameras, dermatology cameras, ophthalmology cameras, dental cameras and surgery microscopy cameras. Endoscopy cameras has the largest market share in the segment due to rising number of operations done by using endoscopy technique. Based on sensor type, the market is categorized into charged couple device (CCD) and complimentary-metal-oxide-semiconductor (CMOS) sensors. CMOS has the largest share in the segment sine they consume less power, have high frame rate and low manufacturing price. The Asia Pacific Medical Cameras market is divided based on geography into India, China, Japan, Australia and rest of Asia-Pacific. Asia-Pacific is the fastest growing region in the world. Japan boasts a wide range of medical cameras produced in their country embedded with latest technology. It has the highest growth rate in Asia-Pacific region. Factors such as supportive laws set by the government, rising geriatric population and technological achievements are expected to propel the market growth in the region. Some of the major players in the market include Haag-Streit USA (U.S.), Danaher Corporation (U.S.), Carl Zeiss Meditec AG (Germany), Allied Vision GmbH (Germany), Topcon Corporation (Japan), Nikon Corporation (Japan), SPOT Imaging Solutions (U.S.), JOEL Ltd. (Japan), Stryker Corporation (U.S.), and Olympus Corporation (Japan).
Scope Of the Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped • Segment-level analysis in terms of product, camera type, sensor type,End user, along with market size forecasts and estimations to detect key areas of industry growth in detail • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of the effect of exogenous and endogenous factors that affect the Regional market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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