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Asia Pacific Medical Cameras Market Growth at CAGR of 9.8 %, 2016-2021 - Latest Challenges and Trends

(, November 14, 2017 ) 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 personís internal organs.

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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.

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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.

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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).

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