High-Definition Technology to Revolutionize US & European Visualization Device Markets

High-Definition Technology to Revolutionize US & European Visualization Device
Markets
US and European visualization & high-tech market will grow to over $2 billion
by 2011, according to Millennium Research Group

WALTHAM, Mass., April 17 /PRNewswire/ -- According to Millennium Research
Group's US Markets for Visualization and High-Tech Devices 2008 and European
Markets for Visualization and High-Tech Devices 2008 reports, the
visualization device market in these regions was worth a combined total of
over $1 billion in 2007. This market will see rapid growth, driven by the
adoption of true high-definition (HD) camera systems for use in endoscopic
procedures, reaching more than $2 billion by 2011. Given its ability to
sharpen images captured during surgery, HD technology is expected to
revolutionize both the US and European visualization device markets.
In the US, sales of HD camera systems are expected to completely replace
those of standard-definition three-chip camera systems by 2010. In fact,
HD-formatted devices will become the new standard of care for imaging in the
US hospital environment. Although adoption will be slightly slower in the
European market, HD devices will still dominate new endoscopic camera system
sales by 2012.
"Some industry experts have suggested that the development of HD
technology is the biggest event to occur in imaging since the introduction of
color imaging," says Tiffanie Demone, Analyst at Millennium Research Group.
"The adoption of HD camera systems in the US and European markets will be the
primary revenue driver in the visualization market through 2011. This adoption
will not only increase camera sales, but will also spur growth in video
peripheral device sales."
Millennium Research Group's Visualization and High-Tech Devices 2008
report series, which includes US and European reports, provides coverage of
key industry competitors, including CONMED-Linvatec, Karl Storz, Richard Wolf,
Smith & Nephew, Stryker, and Olympus.
About HD Endoscopic Camera Systems
HD endoscopic camera systems are used in surgical endoscopy. These systems
comprise a camera head and a camera control unit, which function together to
capture endoscopic images. Camera heads are charge-coupled devices that
convert pixels in the image into electrical charges based on the pixel's color
in the color spectrum, thereby allowing physicians to view the surgical site
and internal structures in color.
About Millennium Research Group
Millennium Research Group (http://www.MRG.net), a Decision Resources, Inc.
company (http://www.DecisionResources.com), is the global authority on medical
technology market intelligence and a leading provider of strategic information
to the health care sector. Focused solely on the medical device,
pharmaceutical, and biotechnology industries, the company provides its clients
with the benefits of its specialized industry expertise through published
reports and customized consulting services.
All company, brand, or product names contained in this document may be
trademarks or registered trademarks of their respective holders.

For more information, contact:

Amy Krohn
Millennium Research Group
416-364-7776 x101
akrohn@mrg.net

SOURCE Millennium Research Group

Amy Krohn of Millennium Research Group, +1-416-364-7776, ext. 101,
akrohn@mrg.net