Report: Medical image sensor market to reach $142M by 2019

Yole Développement (Yole) has released a new report which predicts that the solid-state medical image sensors market will grow in volume from 2.1 million units in 2013 to 6.7 million units by 2019, representing a market worth $142 million.

These figures were reached after analyzing a number of factors, including the development of new image sensors and emerging products and applications. Specifically Yole’s analysis focuses on the two fastest-evolving applications, endoscopy and X-ray imaging, which drive the solid-state medical image sensors market.

“The global medical image sensors market will grow in volume from 2.1 million units in 2013 to 6.7 million units by 2019”, said Dr. Benjamin Roussel, Activity Leader at Yole Développement in a press release.

He added, "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."

By 2014, the medical image sensor market is predicted to reach $142 million, with X-ray image sensors accounting for 93% of the total medical image sensors market. This represents a compound annual growth rate of 11% between 2014 and 2019.

Perhaps the most important factor, according to Yole, is the evolution of the supply chain, as various companies expand or reinforce their position in the market due to mergers, acquisitions, and joint ventures. Yole cites some examples, some of which have been previously covered on Vision Systems Design:

• CMOS image sensor developer CMOSIS acquisition of the Swiss company AWAIBA, which manufactures line scan CMOS sensors designed for such medical imaging applications as endoscopy.
• Panasonic and TowerJazz joint venture completion on April 1, 2014, which according to TowerJazz, will "enable TowerJazz to offer its customers capacity of a state of the art 300mm technology fab including best of class 65nm CMOS image sensor dark current and quantum efficiency performance and additional 45nm digital technology, and added available capacity of approximately 800,000 wafers per year (8 inch equivalent) in three manufacturing facilities in Japan."
• OmniVision Technologies, Inc. received a preliminary non-binding proposal letter from Beijing-based investment management company Hua Capital Management Ltd. (HCM), and then hired Bank of America Corp. to provide funding for its $1.7 billion bid.

The report also contains a summary of the latest industry news (including product launches and technology mix) a value chain analysis for each product type, an updated supply chain with new entrants, a 2012-2013 CMOS image sensors market share in revenues for X-ray imaging, "challenges" faced by various sensors, product lists, and an updated 2013-2019 market forecast.

View more information on the Yole report.

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