The medical image sensor market is expected to develop at a CAGR rate of 8.33% during the forecast period to reach a market size of US$221.766 million in 2024 from US$137.215 million in 2018. The increasing number of chronical diseases like a cardio-vascular problem, lungs disease, kidney disease, and liver problems will be the leading driver of the medical image sensors market. Furthermore, the increasing prevalence of chronic diseases which require detailed medical imaging is further projected to amplify the demand for medical imaging solutions in the coming years.
Medical image sensor market can be segmented by technology (CMOS, CCD, others), by application (endoscopy, X-ray), and by geography (Americas, Europe Middle East and Africa, and the Asia Pacific) with country-level analysis provided within each region. Due to the cheaper pricing and advanced features offered by the CMOS sensors, they are projected to acquire a substantial share in the medical image sensor market. Furthermore, the high investments in research and development of CMOS sensors are further projected to amplify this growth in the coming years.
The development of innovative technology in assembly & testing and detection instruments are helping in increasing the demand for medical image sensors in the Americas region. Asia Pacific region will see substantial growth during the forecast period. The emerging economies are investing more in the healthcare industry which is helping to increase demand for medical image sensors during the forecast period in this region.
Additionally, the report also consists of key players in the CMOS image sensor market, their financials, products and services, recent developments and strategies to increase market share. Some of the important players operating in this market are Sony Corporation, Teledyne Technologies, ON Semiconductor, and Taiwan Semiconductor Manufacturing Company Limited among others.
The medical image sensor market has been analyzed through the following segments:
Europe Middle East and Africa