Medical cameras are designed specifically for capturing and documenting clinical demonstrations of patients, medical and surgical procedures, and medical devices. They are high-resolution cameras that provide magnified and enhanced images to enable clear diagnosis of injuries, diseases, or medical anomalies.
Medical cameras come in different types such as endoscopy camera, laparoscopy camera, urology camera, gynecology camera, surgical camera, and ear, nose, throat (ENT) camera, each designed for specific imaging purposes. The continuous technological advancements in medical camera technology have led to improved image clarity and accuracy in diagnosis, resulting in an increased demand for these devices in the market.
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Global Medical Camera Market: Drivers
The increasing focus on research and development to improve medical imaging technology is likely to drive the growth of the medical camera market. Technologically advanced cameras are capable of capturing high-resolution images, which are crucial for accurate diagnosis. An example of this is the development of a medical camera by scientists at the University of Edinburgh, Scotland in September 2017. This camera has the ability to see through the human body and is designed to aid in the investigation of internal conditions by tracking endoscopy devices.
The growth of the medical camera market is expected to be driven by increasing government funding for healthcare infrastructure and medical equipment development. According to the 2017 U.S. National Health Expenditure Accounts (NHEA) report, the country spent $54.4 billion on durable medical equipment. Additionally, the market is expanding due to the use of medical cameras in various endoscopy applications such as gastroscopy, colonoscopy, bronchoscopy, and laryngoscopy.
Global Medical Camera Market: Restraints
The growth of the medical camera market is expected to be hindered by the adverse effects of endoscopy. After an upper gastrointestinal (GI) tract endoscopy, patients may experience complications such as bleeding, infections, chest pain, and adverse reactions to sedation. Most endoscopies in the U.S. and Europe are performed with sedation, which can lead to major complications. The improper use of sedation has resulted in around 33% of patients developing minor respiratory complications and around 6% developing major respiratory complications in Germany, according to a January 2018 report from the New England Journal of Medicine (NEJM).
Global Medical Camera Market: Regional Analysis
The medical camera market in North America is projected to have a dominant position during the forecast period, due to the increasing prevalence of gastrointestinal diseases in the United States, which necessitate endoscopic procedures for disease diagnosis. In 2018, approximately 18 million endoscopies were conducted in the U.S., including 11 million colonoscopies, according to NEJM reports. In addition, the medical camera market is growing as a result of new technological advancements. For instance, in March 2014, the U.S. Food and Drug Administration (FDA) authorized Medtronic’s PillCam COLON 2 as a minimally invasive colonoscopy device in the United States.
The Asia Pacific region is anticipated to observe noteworthy growth in the medical camera market, driven by the presence of prominent market players including Olympus Corporation, Canon Corporation, Sony Corporation, and Hamamatsu Photonics K.K. These companies are based in Japan and have a significant presence in the region.
Global Medical Camera Market: Competitive Landscape
The global medical camera market is dominated by major players such as Olympus Corporation, Stryker Corporation, Hamamatsu Photonics K.K., Sony Corporation, Carestream Health, and Canon Corporation.
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Global Medical Camera Market: Taxonomy
On the basis of application, technology, sensor, resolution, end user, and geography, the worldwide medical camera market is divided into submarkets.
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
𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐓𝐨 𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
➼ In-depth analysis of the market on the global and regional levels.
➼ Major changes in market dynamics and competitive landscape.
➼ Segmentation on the basis of type, application, geography and others.
➼ Historical and future market research in terms of size, share growth, volume, and sales.
➼ Major changes and assessment in market dynamics and developments.
➼ Emerging key segments and regions
➼ Key business strategies by major market players and their key methods.
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