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Global $3.5 Billion Medical Cameras Market - Analysis and Forecast, 2017-2023

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The Global Medical Cameras Market was worth USD 2.25 billion in 2016 and estimated to be growing at a CAGR of 9.1%, to reach USD 3.5 billion by 2021.
Global $3.5 Billion Medical Cameras Market - Analysis and Forecast,
2017-2023
The Global Medical Cameras Market was worth USD 2.25 billion in 2016 and estimated to
be growing at a CAGR of 9.1%, to reach USD 3.5 billion by 2021. Medical Cameras assist
surgeons and clinical staff by providing images during various medical procedures such as
endoscopy, spectroscopy, ophthalmology, arthroscopy and robotic surgery among others.
They help in diagnosing and treating diseases during surgery by revealing the internal
organs of a person. It also generates a database of normal anatomy and physiology which
makes it possible to identify any abnormalities in a person’s internal organs.
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Medical Cameras using infrared technology generate various wavelengths which in a series
of events determines properties such as water content, chemical components and
temperature which cannot be done with a normal camera. Cameras having thermal imaging
feature can detect inflamed tissue or abnormal blood circulation. 3D medical imaging is
used in a wide range of applications such as cosmetic surgery simulation, monitoring of
rheumatoid arthritis and dental prosthesis among others. High-speed imaging techniques
can capture and process the movements of a person suffering from muscular-skeletal
diseases.
The Global Medical Cameras market is driven by factors such as rising need of medical
procedures requiring medical cameras, growing technological advancements, favourable
laws set by the government and heavy investment in research and development among
other factors. However, the market is constrained by factors like health hazards due to
exposure to radiation, high price of equipment and insufficient knowledge about operating
the devices from workers.
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The Global 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.
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The Global Medical Cameras market is divided based on geography into North America,
Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the
largest market share in the world followed by Europe. Asia-Pacific is the fastest growing
market in the world. Factors like rising funding for research, growing demand for Medical
Cameras in various surgical procedures and technological advancements is expected to
drive the rise of this market.
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).
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Author
bhargav moturi
bhargav moturi12   documents Email
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