MEDICAL CAMERA MARKET ANALYSIS
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.
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