Medical Cameras Market By Application (Endoscopy, Ophthalmology, Dermatology, Dental, Others); By Technology (Digital imaging (3D/2D), Infrared, OCT (Optical Coherence Tomography), Liquid lens technology), And Segment Forecasts, 2014 - 2025Report

Medical Cameras Market By Application (Endoscopy, Ophthalmology, Dermatology, Dental, Others); By Technology (Digital imaging (3D/2D), Infrared, OCT (Optical Coherence Tomography), Liquid lens technology), And Segment Forecasts, 2014 - 2025

Published: January 2017  |  90 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-742-1

Industry Insights

The increasing preference to capture high resolution digital images rendering excellent clarity and precision in medical and healthcare applications is encouraging the demand for medical cameras market. In addition, the need for technologically sophisticated medical cameras is also supported by the consistent advances and modifications in the overall medical imaging platforms and systems. Medical cameras facilitate accurate diagnosis of several conditions and aid in decision making by doctors and clinicians.

Furthermore, the use of medical cameras is also dependent on several instances highlighting the challenges in identification and determination of any particular disorder or anomaly.  Medical cameras assist in easy identification of common symptoms, enhance field of view, and provide clarity and flexibility and adaptability required to address new possibilities.

U.S. medical cameras market, by application, 2014 - 2025 (USD Million)

U.S. medical cameras market

Medical cameras industry is witnessing significant investment in research and development focusing on introduction of advanced digital imaging and highly sensitive sensor technologies, which is one of the leading drivers. Other significant growth drivers are enhanced patient preference for minimally invasive surgeries, increased awareness with respect to the technological sophistications and rising modern healthcare facilities resulting in escalated demand for sophisticated life science equipment.

The rise in private funding and grants by government bodies has resulted in the development of sophisticated healthcare infrastructure across the world. These modern facilities are incorporating the use of several platforms and systems capable of conducting accurate and reliable diagnosis and treatment of several conditions and disorders. This would in turn favor the market growth and acceptance of cameras worldwide.

Application Insights

The application segment is bifurcated into endoscopy, dermatology, ophthalmology, dental and others. Endoscopy is the largest segment, owing to the use of life science imaging technique for conducting surveillance in tight spaces such as hollow organ or cavity of the body. Endoscopy has altered the view point of detecting diseases and conducting surgeries and its preference is increasing due to the demand for minimally invasive surgeries globally. Cameras used in endoscopy ensure superior quality in image and ensures ergonomical usage due to its small size and lightweight camera head.

However, dermatology is expected to be the fastest growing segment due to increase in dermatological diseases and complications and the gradual rise in the use of life science cameras to diagnose dermatological conditions. For instance, the rise in skin cancer cases due to environmental pollution and the increasing emissions from the sun - visible light, heat and UV radiation is a serious concern. However, skin cancer cameras employ the use of super-high resolution to capture the body for better detection of cancer.

Technology Insights

By technology, the segments are Digital imaging (3D/2D), Infrared, OCT (Optical Coherence Tomography), and Liquid lens technology. The Digital imaging (3D/2D) technology holds the largest market share in the year 2015, owing to the wide use of 2D or 3D imaging across a wide range of imaging applications, from dentistry to ophthalmology and neurological procedures.

On the other hand, OCT (Optical Coherence Tomography) for its diagnosis and monitoring uses in certain eye condition/diseases. It is mainly used in generating cross-section images of the retina and its sub-surface layers. Other prominent applications of OCT are to study disease such as age-macular degeneration (AMD), diabetes, glaucoma, neoplasm of the choroid, cranial nerves, among others.

Global medical cameras market share, by technology, 2015

Global medical cameras market

Regional Insights

North America is the largest in terms of market share for medical cameras market in 2015 and is expected to retain its position during the forecast period. The extensive technological advancements and major market players located in the United States, along with its high investments in research and development (R&D) is the underlying factor for their dominance in the industry. On the other hand, Europe is the second largest life science device technologies market due to increased geriatric (old age) population combined with the relaxed government regulations aiding the market growth. However, owing to the economic uncertainty and political instability over the past few years this region is expected to witness sluggish growth rate during the forecast period.

Asia-Pacific is expected to be the market exhibiting fastest growth owing to the continuous advancements in imaging technology, increasing awareness about the timely diagnosis and treatment coupled with rigorous government initiatives implemented to modernize health care infrastructure. Heavy investments in R&D by countries such as China, and India and their efforts in developing a highly skilled workforce specializing in science and engineering is contributing to the growth of the market.  China accounts for 20%of global R&D, making it the second largest country investing in R&D as compared to the United States, which accounts for 27%.Latin American countries like Brazil and Mexico are the regions that have significant potential for growth due to developing life science infrastructure, and high disposable income.

Competitive Landscape

Some of the major players in the medical cameras market are Carestream Health, Inc., Canon, Inc., Olympus Corporation, and Stryker Corporation. Medical cameras market represents concentrated market with companies exhibiting superior economic performance. Implementation of several strategies such as mergers and acquisitions activity, strategic collaborations with several research institutions and retaining brand loyalty, these companies own commanding shares in their industries. The prominence of the leading brands, make them less vulnerable to high prices – which is a distinct feature of a concentrated market.  However, the expected entry of new entrants with novel and advanced technologies is responsible for strong market dynamics and concentration.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historical data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Revenue in USD Million and CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America & MEA

Country scope

U.S., Canada, UK, Germany, India, China, Brazil, Mexico, South Africa

Report coverage        

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the medical cameras market on the basis of application and technology:

  • Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Endoscopy

    • Ophthalmology

    • Dermatology

    • Dental 

    • Others

  • Technology Outlook (Revenue, USD Million; 2014 - 2025)

    • Digital imaging (3D/2D)

    • Infrared

    • OCT (Optical Coherence Tomography)

    • Liquid lens technology

  • Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • MEA

      • South Africa

      • Saudi Arabia

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