The report found that rather than developing and acquiring new technologies, those within the medical imaging market are competing to get access to the market. Focusing on the two fastest-evolving applications, endoscopy and X-ray imaging, the report analyses industry news and the value chain.
A CAGR of 11% is expected between 2014 and 2019, signalling a significant growth within the medical image sensor market. By 2019, the market is expected to reach $142m. Due to the high cost of X-ray sensors, these account for 93% of the total medical image sensor market revenue.
Due to numerous mergers, acquisitions and joint ventures, medical imaging and device companies have expanded and/or reinforced their positioning.
“The global medical image sensors market will grow in volume from 2.1 million units in 2013 to 6.7 million units by 2019”, announces Dr Benjamin Roussel, Activity Leader at Yole Développement in this report. “The global market is fueled by emerging endoscopy products like camera pills and disposable endoscopes. These emerging products will enjoy broad adoption in clinical practices, owing to incentives being provided in Europe and the U.S. to reduce nosocomial infections.”