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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Medical cameras are specialized type of camera, which are used for documentation of clinical demonstration of patients, medical and surgical procedures, and medical devices. These are very high-resolution cameras for obtaining enhanced and magnified images for clear diagnosis of any kind of injury, disease, or medical anomalies.

There are various types of cameras available for different imaging purposes such as endoscopy camera, laparoscopy camera, urology camera, gynecology camera, surgical camera and ear, nose, throat (ENT) camera. Technological advancements in medical camera facilitate more clarity in image and accurate diagnosis, which in turn increases demand for medical camera in the market.

Global Medical Camera Market: Drivers

Rising research and development for new technology in medical imaging is expected to boost medical camera market size. High-resolution images are the result of technologically sophisticated cameras. For instance, in September 2017, the scientists at the University of Edinburgh, Scotland, developed a medical camera that can see through the human body. These cameras are developed to track down the endoscopy devices for the investigation of internal conditions.

Increasing funding by government agencies for development of healthcare infrastructure and medical equipment is also expected to expand the medical camera market growth. According to U.S. National Health Expenditure Accounts (NHEA) 2017 reports, the U.S. has spent US $54.4 billion on the durable medical equipment in 2017. Furthermore, the medical camera market size is expanding, owing to use of medical cameras in various applications in endoscopy such as gastroscopy, colonoscopy, bronchoscopy, and laryngoscopy.

Global Medical Camera Market: Restraints

The major restraining factor for the medical camera market growth is after effects of endoscopy. For instance, after the upper gastrointestinal (GI) tract endoscopy, some observed complications include bleeding (tearing of GI tract), infections, chest pain, and adverse reaction to sedation regularly occurs. Most of the endoscopy performed in the U.S. and Europe are done with patients under sedation, due to which major complications arises. According to New England Journal of Medicine (NEJM) January 2018 reports, around 33% of patients developed minor respiratory complication and around 6% developed major respiratory complication due to the improper sedation in Germany.

Global Medical Camera Market: Regional Analysis

North America is expected to hold the dominant position in the forecast period, owing to increasing prevalence of gastrointestinal diseases, which require endoscopies for the diagnosis of the disease in the U.S. In 2018, as per the NEJM reports, around 18 million endoscopies were performed in the U.S. including 11 million colonoscopies. Moreover, new technological advancements are also contributing to growth of medical camera market. For instance, in March 2014, U.S. Food and Drug Administration (FDA) approved PillCam COLON 2 developed by Medtronic as a minimal invasive device for colonoscopy in the U.S. 

Asia Pacific is expected to witness significant growth in medical camera market, due to the presence of major players operating in the medical camera market such as Olympus Corporation, Canon Corporation, Sony Corporation, and Hamamatsu Photonics K.K. in Japan.

Global Medical Camera Market: Competitive Landscape

Key players operating in the global medical camera market include Olympus Corporation, Stryker Corporation, Hamamatsu Photonics K.K., Sony Corporation, Carestream Health, and Canon Corporation.

Global Medical Camera Market: Taxonomy

The global medical camera market is segmented on the basis of application, technology, sensor, resolution, end user, and region.

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

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users