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Eye Testing Equipment Market : Technology Advancements, Industry Insights, Trends And Forecast 2033
The Eye Testing Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Eye Testing Equipment Market: https://www.thebusinessresearchcompany.com/report/eye-testing-equipment-global-market-report
According to The Business Research Company’s Eye Testing Equipment Global Market Report 2024, The eye testing equipment market size is expected to see strong growth in the next few years. It will grow to $4.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to the increasing adoption of telemedicine, growing demand for portable and handheld devices, rising prevalence of diabetes and related eye disorders, increasing focus on preventive healthcare, and an expanding middle-class population. Major trends in the forecast period include the integration of AI and machine learning in diagnostics, the increasing use of virtual reality in eye examinations, the rise in demand for personalized eye care solutions, the development of advanced imaging technologies, and growing collaboration between tech companies and healthcare providers.
The increasing prevalence of eye-related disorders is expected to propel the growth of the eye-testing equipment market going forward. Eye-related disorders refer to a range of conditions affecting the eyes, including diseases such as glaucoma, cataracts, macular degeneration, and refractive errors such as myopia and hyperopia. The increase in the number of patients with eye-related disorders is due to factors such as aging populations, lifestyle changes, environmental factors, and lack in diagnostic capabilities leading to delay in problem detection. Eye testing equipment is used for early detection, accurate diagnosis, and effective monitoring of eye-related conditions such as glaucoma, cataracts, and macular degeneration. For instance, in January 2024, according to the Centers for Disease Control and Prevention, a US-based science and data-driven service organization that protects the public's health, over 3.4 million Americans aged 40 years and older were blind or visually impaired, which is expected to double by 2030. Therefore, the increasing prevalence of eye-related disorders will drive the growth of the eye-testing equipment market.
Get A Free Sample Of The Report (Includes Graphs And Tables): https://www.thebusinessresearchcompany.com/sample.aspx?id=17147&type=smp
The eye testing equipment market covered in this report is segmented –
1) By Device: Slit Lamp, Biometer, Perimeter, Tonometer, Optical Coherence Tomography (OCT), Fundus Camera, Autorefractor And Keratometer, Other Devices 2) By Application: General Examination, Glaucoma, Cataract, Other Applications 3) By End User: Hospital, Eye Clinic, Optometry Academic Institute
Major companies operating in the eye-testing equipment market are developing advanced eye-testing devices, such as handheld artificial intelligence fundus cameras, to enhance diagnostic accuracy and streamline screening processes. A handheld fundus camera enhanced with AI technology is used for capturing detailed images of the eye's fundus to assist in diagnosing eye conditions. For instance, in May 2024, Optomed USA, a US-based medical technology company, launched Optomed Aurora AEYE. It is a handheld AI-powered fundus camera specifically designed to quickly detect diabetic retinopathy beyond mild stages, enabling prompt eye screenings in primary care settings. This device simplifies the screening process with its user-friendly design, needing only one image per eye and delivering results within a minute.
The eye testing equipment market report table of contents includes:
1. Executive Summary
2. Eye Testing Equipment Market Characteristics
3. Eye Testing Equipment Market Trends And Strategies
4. Eye Testing Equipment Market - Macro Economic Scenario
5. Global Eye Testing Equipment Market Size and Growth .............
32. Global Eye Testing Equipment Market Competitive Benchmarking
33. Global Eye Testing Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Eye Testing Equipment Market
35. Eye Testing Equipment Market Future Outlook and Potential Analysis
36. Appendix
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Pvc Cling Film Market Trends, Demand & Future Scope till 2032
Pvc Cling Film Market provides in-depth analysis of the market state of Pvc Cling Film manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Pvc Cling Film in these regions till the forecast period
North America
Middle East and Africa
Asia-Pacific
South America
Europe
Key Attentions of Pvc Cling Film Market Report:
The report offers a comprehensive and broad perspective on the global Pvc Cling Film Market.
The market statistics represented in different Pvc Cling Film segments offers complete industry picture.
Market growth drivers, challenges affecting the development of Pvc Cling Film are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of Pvc Cling Film.
Major stakeholders, key companies Pvc Cling Film, investment feasibility and new market entrants study is offered.
Development scope of Pvc Cling Film in each market segment is covered in this report. The macro and micro-economic factors affecting the Pvc Cling Film Market
Advancement is elaborated in this report. The upstream and downstream components of Pvc Cling Film and a comprehensive value chain are explained.
Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/pvc-cling-film-market-100586
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Optometry Equipment Market by Size, Share, Forecasts, & Trends Analysis
Meticulous Research®—a leading global market research company, published a research report titled ‘Optometry Equipment Market by Product (OCT Scan, Perimeter, Fundus Camera, Retinoscope, Keratometer, Ophthalmic Ultrasound, Tonometer, Slit Lamp, Chart Projector), Application (Cataract, Glaucoma, AMD), End User (Clinic, Hospital) - Global Forecast to 2029.’
Download Free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=5406?utm_source=article&utm_medium=social+&utm_campaign=product&utm_content=18-04-2024
According to this latest publication from Meticulous Research®, the global optometry equipment market is projected to reach $5.4 billion by 2029, at a CAGR of 4% during the forecast period. The increasing cases of eye diseases and disorders, rising geriatric population, excessive use of laptops & mobile phones leading to visual impairments, and rising government initiatives and funding to improve access to eye care services are the factors driving the growth of this market.
Optometry Equipment Market: Future Outlook
The global optometry equipment market is segmented by Product Type (Retina & Glaucoma Examination Products [OCT Scanners, Perimeters, Fundus Cameras, Retinoscopes, Ophthalmoscopes, Ophthalmic Lasers & Ophthalmic Microscopes], Keratometers, Autorefractors, and Lensometers, Ophthalmic Ultrasound Systems & Digital Phoropters, Slit Lamps, Tonometers, Retinal Imaging Systems, General Examination Products, Chart Projectors, [Cataract & Cornea Examination Products, Specular Microscopes, Corneal Topography Systems, Wavefront Analyzers & Aberrometers, Optical Biometry Systems], Application (Cataract, Age-related Macular Degeneration, Glaucoma, Retinopathy, General Examination, Other Applications), End User (Hospitals, Clinics, Other End Users), and Geography. The study also evaluates industry competitors and analyzes their market shares at the country and regional levels.
Browse in depth @ https://www.meticulousresearch.com/product/optometry-equipment-market-5406?utm_source=article&utm_medium=social+&utm_campaign=product&utm_content=18-04-2024
Based on product type, in 2022, the retina & glaucoma examination products segment is expected to account for the largest share of the market. The large market share of this segment is attributed high penetration of retina examination products due to the high awareness of high-quality eye care and early and accurate diagnosis of common eye diseases such as macular degeneration, glaucoma, and diabetic retinopathy. The prevalence of diabetic retinopathy is rising globally, driving the demand for retina & glaucoma examination products.
Based on application, the optometry equipment market is segmented into cataract, age-related macular degeneration, glaucoma, retinopathy, general examination, and other applications. The general examination segment is projected to register the fastest growth rate over the forecast period. The growth of this segment is attributed to the growing geriatric population worldwide and the rising incidences of eye diseases primarily due to dependency on digital devices such as laptops, mobile phones, and others. General eye examinations help detect eye problems early when they can be treated most effectively. The awareness and importance of general eye examinations are high among all age groups, which is driving the growth of this market.
Key Players
The key players operating in the global optometry equipment market are NIDEK CO. LTD. (Japan), Carl Zeiss Meditec AG (Germany), Alcon (U.S.), Heidelberg Engineering GmbH (Germany), Johnson & Johnson (U.S.), Canon, Inc. (Japan), Bausch Health Companies Inc. (Canada), Escalon Medical Corp (U.S.), Topcon Healthcare Solutions, Inc. (U.S.), and HEINE Optotechnik GmbH & Co. KG (Germany).
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Global Laser Indirect Ophthalmoscope Market Is Estimated To Witness High Growth Owing To Increasing Demand for Advanced Ophthalmic Equipment
The Global Laser Indirect Ophthalmoscope Market is estimated to be valued at US$ 89.5 million in 2017 and is expected to exhibit a CAGR of 4.2% over the forecast period 2018-2026, according to a new report published by Coherent Market Insights. Market Overview: Laser indirect ophthalmoscope is a medical device used by ophthalmologists to examine the retina and diagnose various eye disorders. It provides a wider view of the retina compared to direct ophthalmoscopy, allowing for better visualization of eye conditions such as retinal detachment, macular degeneration, diabetic retinopathy, and glaucoma. Laser indirect ophthalmoscopes have gained popularity due to their advantages such as non-contact examination, high-resolution imaging, and ease of use. The increasing prevalence of eye diseases and the growing geriatric population are driving the demand for advanced ophthalmic equipment, including laser indirect ophthalmoscopes. Market Key Trends: One key trend in the laser indirect ophthalmoscope market is the increasing adoption of digital imaging technology. Digital imaging provides a detailed and accurate representation of the retina, allowing for better diagnosis and monitoring of eye conditions. It eliminates the need for traditional film-based imaging, reducing costs and improving workflow efficiencies. For example, digital imaging systems like fundus cameras and confocal scanning laser ophthalmoscopes are increasingly being integrated with laser indirect ophthalmoscopes, enabling ophthalmologists to capture, analyze, and store retinal images digitally. PEST Analysis: - Political: Government initiatives promoting access to eye care services and investments in healthcare infrastructure are driving the market growth. - Economic: Increasing healthcare spending and rising disposable income of individuals are contributing to market growth. - Social: Growing awareness about eye health and the importance of early detection and treatment of eye disorders are fueling the demand for ophthalmic equipment. - Technological: Advancements in technology, such as the integration of artificial intelligence and machine learning algorithms in ophthalmic devices, are improving the accuracy and efficiency of diagnosis and treatment. Key Takeaways: - The Laser Indirect Ophthalmoscope Market Size is expected to witness high growth, exhibiting a CAGR of 4.2% over the forecast period, due to increasing demand for advanced ophthalmic equipment. - North America is the fastest growing and dominating region in the market, driven by favorable reimbursement policies, high healthcare expenditure, and the presence of key market players. - Key players operating in the global laser indirect ophthalmoscope market include Ellex Medical Lasers Ltd, Iridex Corporation, Alcon, Carl Zeiss Meditec AG, Lumenis Ltd., Topcon Medical Laser System, Nidek Co. Inc., Ziemer Ophthalmic Systems AG, Heine Optotechnik GmbH, and Keeler Ltd. These companies focus on product innovation, mergers and acquisitions, and collaborations to strengthen their market position. In conclusion, the global laser indirect ophthalmoscope market is expected to grow significantly in the coming years due to the increasing demand for advanced ophthalmic equipment. The adoption of digital imaging technology and advancements in technology are key trends driving market growth. Furthermore, favorable political, economic, and social factors, along with advanced technological developments, are expected to propel the market further. North America is anticipated to be the fastest growing region in the market. Key players in the industry are taking strategic initiatives to enhance their market presence and cater to the growing demand for laser indirect ophthalmoscopes.
#Laser Indirect Ophthalmoscope Market#Laser Indirect Ophthalmoscope Market Insights#Laser Indirect Ophthalmoscope Market Value#Laser Indirect Ophthalmoscope Market Forecast#Coherent Market Insights
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Autorefractor keratometer Device Market Share, Size, Research, CAGR, and Growth - Forecast 2029
Global Autorefractor keratometer Device Market, By Product Type (Retinoscopes, OCT Scanners, Corneal Topography Systems, Visual Field Analyzers, Ophthalmic Ultrasound Systems, Fundus Cameras, Ophthalmoscopes, Optical Biometry Systems, Specular Microscopes, Wavefront Aberrometers, Other Equipment Types, Accessories), Application (Hyperopia, Myopia, Other Ophthalmic Conditions), End User (Hospitals, Ophthalmic Clinics, Diagnostic Centers) – Industry Trends and Forecast to 2029.
In the consistent Autorefractor keratometer Device market research report, industry trends are put together on macro level with which clients can figure out market landscape and possible future issues about Autorefractor keratometer Device industry. The scope of this market report include but is not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. The report presents with the CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. An influential Autorefractor keratometer Device market report brings precise and exact market research information that drives business into the right direction.
Key Players
Cyanotech Corporation (U.S.)
I.D. - Parry (India) Limited (India)
BlueBioTech International GmbH (Germany)
Algatech Ltd. (Israel)
Tianjin Norland Biotech Co., Ltd. (China)
AlgaeCan Biotech Ltd. (Canada)
AstaReal AB (Sweden)
Yunnan Alphy Biotech Co., Ltd. (China)
Fenchem (China)
Piveg, Inc. (U.S.)
Browse More Info @ https://www.databridgemarketresearch.com/reports/global-autorefractor-keratometer-device-market
The research studies entailed in the winning Autorefractor keratometer Device market report supports to estimate several important aspects that includes but are not limited to investment in a rising market, success of a new product, and expansion of market share. The strategies underlined here mainly consist of new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost footprints in this market. Several other factors such as import, export, gross margin, price, cost, and consumption are also analyzed under the section of production, supply, sales and market status.
Key questions answered in the report:
Which product segment will grab a lion’s share?
Which regional market will emerge as a frontrunner in coming years?
Which application segment will grow at a robust rate?
Report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Autorefractor keratometer Device Market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Table Of Content
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Market
Part 04: Global Market Size
Part 05: Global Market Segmentation By Product
Part 06: Five Forces Analysis
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The Fundus Cameras Market report gives a complete analysis of the global market size, Market Classification, Geographic Scope on both regional and country-level, segment growth, market share,
#article tag#Fundus Cameras Market Growth Rate Fundus Cameras Industry Analysis Fundus Cameras Market Analysis Fundus Cameras Market Size Fundus Cameras
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Fundus Cameras Market Projected To Expand At A CAGR 5.8% For The Forecast Period From 2021 To 2028: Grand View Research Inc.
Fundus Cameras Market Projected To Expand At A CAGR 5.8% For The Forecast Period From 2021 To 2028: Grand View Research Inc.
San Francisco, 13 Jan 2021: The Report Fundus Cameras Market Size, Share & Trends Analysis Report By Product, By End Use (Hospitals, Ophthalmology Clinics, Ophthalmic & Optometrist Offices), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2021 – 2028 The global fundus cameras market size is expected to reach USD 470.4 million by 2028, based on a new report by…
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#Fundus Cameras Industry#Fundus Cameras Market#Fundus Cameras Market 2021#Fundus Cameras Market Size
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The global market for fundus camera will grow at a CAGR of 4.9% by 2022.
#Global Fundus Camera Market#Market Trend#Latest Trends#Market Forecast#Market Report#Research Report#Market Research#Market Analysis#Market Research Reports#Industry Analysis#Market Size#Global Research
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Global Ophthalmology & Optometry Equipment Market Analysis, Investment Feasibility and Outlook 2027
The recent report on “Global Ophthalmology & Optometry Equipment Market Report 2021 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2027” offered by Axel Reports, comprises a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Ophthalmology & Optometry Equipment Market”.
An exhaustive competition analysis that covers insightful data on industry leaders is intended to help potential market entrants and existing players in competition with the right direction to arrive at their decisions. Market structure analysis discusses in detail Ophthalmology & Optometry Equipment companies with their profiles, revenue shares in the market, comprehensive portfolio of their offerings, networking and distribution strategies, regional market footprints, and much more.
Download Sample PDF+ All Related Graphs & Charts (Including COVID19 Impact Analysis) @: https://axelreports.com/request-sample/68194
Global Market Segmentation by Top Key-Players: Johnson & Johnson Canon Zeiss Bausch Aurolab Alcon Essilor Topcon Haag Streit Nidek Ziemer Luneau Technology Novartis Heine Optotechnik
Market segments by Types of, the report covers- OCT Scanners Fundus Cameras Visual Field Analyzers Ophthalmoscopes Retinoscopes Others Market segments by Applications of, the report covers- Clinics Hospitals Optical Shops Others
(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Key Questions Covered in the Report :
What is the total market value of the Global Ophthalmology & Optometry Equipment Market report?
What would be the forecast period in the market report?
What is the market value of the Global Ophthalmology & Optometry Equipment Market in 2021?
What is the Key Industry Leader’s opinion for the Global Ophthalmology & Optometry Equipment?
Which is the base year calculated in the Global Ophthalmology & Optometry Equipment Market Report?
What are the key trends in the Global Ophthalmology & Optometry Equipment Market Report?
What are the market values/growth % of emerging countries?
Which market holds the maximum market share of the Global Ophthalmology & Optometry Equipment Market?
Some Point from Table of Content:
Market Overview: It includes six chapters, research scope, major manufacturers covered, market segments by type, Ophthalmology & Optometry Equipment market segments by application, study objectives, and years considered.
Market Landscape: Here, the competition in the Worldwide Ophthalmology & Optometry Equipment Market is analyzed, by price, revenue, sales, and market share by company, market rate, competitive situations Landscape, and latest trends, merger, expansion, acquisition, and market shares of top companies.
Profiles of Manufacturers: Here, leading players of the global Ophthalmology & Optometry Equipment market are studied based on sales area, key products, gross margin, revenue, price, and production.
Market Status and Outlook by Region: In this section, the report discusses about gross margin, sales, revenue, production, market share, CAGR, and market size by region. Here, the global Ophthalmology & Optometry Equipment Market is deeply analysed on the basis of regions and countries such as North America, Europe, China, India, Japan, and the MEA.
Application or End User: This section of the research study shows how different end-user/application segments contribute to the global Ophthalmology & Optometry Equipment Market.
Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
Research Findings and Conclusion: This is one of the last sections of the report where the findings of the analysts and the conclusion of the research study are provided.
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#ophthalmology#optometry equipment#optometry equipment market#Optometry Equipment Market Analysis#Ophthalmology & Optometry Equipment#Ophthalmology & Optometry Equipment Market
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Research On World Fundus Cameras Market Report 2025
This unique report on World Fundus Cameras Market till 2025 presents quality data on the global market revenue, sales, growth rate and leading market players. The supply chain analysis completes the Fundus Cameras market understanding for a new entrant as well as existing players. The import and export data along with consumption statistics from major countries is sure to enrich the strategists understanding of the market.
Fundus Cameras is used to captur a photograph of the fundus.
Specialized fundus cameras that consist of an intricate microscope attached to a flashed enabled camera are used in fundus photography.
The main structures that can be visualized on a fundus photo are the central and peripheral retina , optic disc and macula .
Fundus Cameras market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability.
The industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market.
Final Report will cover the impact of COVID-19 on this industry.
Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/47442-world-fundus-cameras-market-report
The players mentioned in our report
Topcon
Kowa
Optomed Oy
Carl Zei
CenterVue
Nidek
Heidelberg
Resta
RAYMOND
Canon
Global Fundus Cameras Market: Product Segment Analysis
Low-end Fundus Cameras
Middle-end Fundus Cameras
High-end Fundus Cameras
Global Fundus Cameras Market: Application Segment Analysis
Small hospitals
Grade AA hospitals County Hospitals and some Eye hospitals
Grade AAA hospitals and Some Large-size Eye hospitals
Global Fundus Cameras Market: Regional Segment Analysis
USA
Europe
Japan
China
India
South East Asia
Download Free Sample Report of World Fundus Cameras Market @ https://www.decisiondatabases.com/contact/download-sample-47442
There are 10 Chapters to deeply display the World Fundus Cameras market. Chapter 1 About the Fundus Cameras Industry Chapter 2 World Market Competition Landscape Chapter 3 World Fundus Cameras Market share Chapter 4 Supply Chain Chapter 5 Company Profiles Chapter 6 Globalisation & Trade Chapter 7 Distributors and Customers Chapter 8 Import, Export, Consumption and Consumption Value by Major Countries Chapter 9 World Fundus Cameras Market Forecast through 2025 Chapter 10 Key success factors and Market Overview
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Other Reports by DecisionDatabases.com:
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World Sports Action Cameras Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)
World Camera Equipment Market Research Report 2022 (covering USA, Europe, China, Japan, India, South East Asia and etc)
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Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise and meaningful data at a lightning speed.
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#Fundus Cameras#Fundus Cameras Market#Fundus Cameras Market Report#World Fundus Cameras Market#Global Fundus Cameras Market#Fundus Cameras Industry Size
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Fundus Cameras Market 2022 to 2027 - Global Analysis By Type, By Applications
Fundus Cameras Market research report covers inclusive data on prevalent trends, drivers, growth opportunities, and restraints that can variation the market changing aspects of the global industry. This report provides an in-depth analysis of the market segmentation that contains products, applications, and geographical analysis. Global Fundus Cameras market report delivers a close watch on leading participants with strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a complete overview of the industry conditions during the forecast period.
Report Coverage:
The research report of the defending coatings industry offers a inclusive analysis of existing companies that can affect the market outlook throughout the forthcoming years. In addition to that, it affords an accurate assessment by highlighting data on multiple aspects that may contain growth drivers, opportunities, trends, and hindrances. It also represents the overall: Fundus Cameras market size from a global perception by analysing historical data and qualitative insights.
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Fundus Cameras Market is envisaged to record an expansion at the CAGR of 5.6% over the forecast period, 2022 – 2027.
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#Fundus market research#Fundus Cameras market analysis#Fundus Cameras Market Trends#Fundus Cameras Market Size
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Technological Advancements in the Fundus Camera Market are Expected to Drive the Market Forward
During the forecast period, technological advancements in retinal imaging technology, such as fundus cameras, will drive industry growth. When compared to traditional fundus cameras, the introduction of a miniature table-top retinal camera system has increased portability and provided highly sophisticated images. For example, consider Forus Inc.'s development of 3nethra, a highly portable table-top Fundus Camera Market . The 3nethra is equipped with an automated refractometer, low-power LED lights for imaging anterior and posterior segments, and a digital telemedicine feature that can send images to smartphones. Furthermore, the incorporation of digital technology in fundus cameras resulted in the availability of a less expensive alternative to traditional and costly ophthalmic imaging systems.
Read More:
https://blogger-veritas.blogspot.com/2022/07/fundus-cameras-market-size-share-and.html
Click here for the Fundus Camera Market press release:
https://www.coherentmarketinsights.com/press-release/fundus-camera-market-3901
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Retinal Imaging Devices Market - Industry Size, Share and Forecast to 2026|Zeiss, Topcon, Nikon (Optos), Kowa
Retinal imaging takes a digital picture of the back of the eye, which helps in understanding the conditions of the retina, optic nerve, blood vessels, and overall health of the eye. Furthermore, it helps the ophthalmologist to get a much wider digital view of the retina and adds precision to the eye examination. Many prominent eye diseases such as age-related macular degeneration (AMD), diabetic retinopathy, and glaucoma require precise and non-invasive eye examination. As per WHO, about 11 million Americans are suffering from AMD. It is the third-largest visual disorders with around 8.7% prevalence across the globe.
The global retinal imaging devices market is projected to attain a value of USD 7.7 billion by the end of 2029 at a CAGR of 6.5%.
Grab a sample PDF here https://straitsresearch.com/report/retinal-imaging-devices-market/request-sample
Factors Driving Market Growth
Today, the market is witnessing significant growth in the demand for less invasive and accurate treatments based on retinal imaging data with the growing prevalence of ophthalmic disorders and increasing demand for early diagnostic measures. To meet the demand, the number of ophthalmic clinics and optometric centers is also increasing, coupled with growing awareness about retinal imaging in countries such as India, China, and Thailand. Several players in the market have already adopted different growth strategies such as mergers and acquisitions to expand their business operations in these regions. The technological advancement will significantly minimize the cost of diagnosis of retinal diseases and will able to deliver precise, accurate, and high-resolution imaging.
Factors Restraining Market Growth
Inadequate awareness among people regarding eye disorders, lack of skilled medical professionals, and high cost of the advanced retinal imaging devices, including fundus camera and OCT are expected to impede the market growth in low-income countries. Furthermore, underdeveloped health care industry and less technological developments are expected to hamper the market growth in Latin America and Middle East & Africa.
Segmental Insights
The global retinal imaging devices market is segmented into fundus camera, optical coherence tomography (OCT), and fluorescein angiography. In 2018, the fundus cameras dominated the market because of portability and ergonomics.
On account of better effectiveness and accuracy in diagnosis, OCT segment is expected to grow at the fastest CAGR during the forecast. OCT helps the physician in understanding the pathogenesis of the retinal disease. It can be enabled with fiber optics technology and cloud storage facility.
Fluorescein angiography is also expected to exhibit significant growth during the forecast period. It is primarily used in the detection of macular degeneration and diabetic retinopathy conditions. The growing prevalence of diabetic retinopathy and increasing demand for early detection are expected to contribute to the segmental growth. In 2002, 32 million people were affected by diabetic retinopathy as per WHO and the number is expected to reach 80 million by 2030, boosting demand for advanced diagnostic and therapeutic solutions.
Based on end-users, the retinal imaging devices market is segmented into hospitals, ophthalmic centers, ambulatory surgery centers (ASCs), and others. Hospitals were holding the major market share in 2018. This can be attributed to the high adoption of advanced retinal imaging devices in hospitals. Today, numerous large-sized hospitals are deploying advanced retinal imaging devices to enhance early diagnosis of ophthalmic disorders. For example, Artificial intelligent(AI) cameras are used for detecting retinal imaging diseases in a hospital-based in Guangdong, China. Moreover, hospitals are offering a free consultation for retinal imaging in China, which has further intensified the demand for retinal imaging devices.
The ophthalmic center segment is expected to grow at a significant growth rate due to the increasing prevalence of eye-related disorders and the availability of affordable eye care at these centers.
Ambulatory surgery centers (ASCs) are expected to experience the fastest growth as a result of favorable changes in the ASC reimbursement system and major advances in non-invasive retinal surgeries. Medicare, for instance, provides reimbursement for vitreoretinal surgery in the ambulatory surgery centers, which is likely to leave a positive impact on the market growth.
North America: The Prominent Region for market
North America dominated the global market in 2018 and held about one-fourth of the total regional retinal imaging devices market in 2018. High prevalence of ophthalmic disorders, rapid adoption of advanced technology, and the presence of a large number of global players in the region are the primary factors contributing to the market. In May 2018, Optos launched an ultra-widefield combination imaging device called ‘Monaco’ in the U.S.
Europe is the second-largest retinal imaging devices market. Numerous global players are strengthening their position by expanding their portfolio in this region. For instance, Canon has extended its product portfolio in Europe through its subsidiary Canon Medical Systems to include Tonometers, digital retinal imaging systems, fully automatic Ref-Keratometers, and optical coherence tomography systems. Asia Pacific market is expected to grow at the fastest CAGR during the forecast period on account of the introduction of global healthcare facilities in the region along with growing awareness regarding retinal imaging in countries such as India, China, and Thailand. In addition to this, increasing prevalence of diabetes in India is expected to boost the segmental growth. As per the International Diabetes Federation, 72.96 million people in India are suffering from diabetes, and the number is estimated to reach 123 million by 2035. The prevalence of diabetic retinopathy in India is found to be 16%.
Today, several market players in the region are trying to cater to the growing demand for advanced eye care solutions by developing new products. For instance, Bosch and Arvind Eye Care hospital chain has signed partnership agreements to train women technicians for capturing retinal images by using Bosch Fundus Camera. This is expected to propel the market growth by directly raising the demand for imaging products. Asia Pacific's regional market growth is fueled by the emergence of a large patient pool, imaging centers, and high adoption of technologically advanced drugs.
Key Players
Some of the key players in the global retinal imaging devices market are Zeiss, Topcon, Nikon (Optos), Kowa, Nidek, Heidelberg Engineering, Optovue, and Optomed.
Key players are focusing on mergers and acquisition activities to expand their product offerings and geographical reach. On the other hand, small players are focusing on technological development to sustain in the market. For instance, in 2018, Optos and Amydis announced a strategic alliance with the intention to develop an eye test for the detection of Alzheimer's disease. Amydis is continuously developing a pipeline of drug molecules for the detection of amyloid proteins in the retina using Optos' optomap ultra-widefield retinal imaging devices.
In May 2017, ZEISS released new technologies called Swept-Source OCT and OCT Angiography.
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Autorefractor keratometer Device Market Expected High Growth in Coming Years
Global Autorefractor keratometer Device Market, By Product Type (Retinoscopes, OCT Scanners, Corneal Topography Systems, Visual Field Analyzers, Ophthalmic Ultrasound Systems, Fundus Cameras, Ophthalmoscopes, Optical Biometry Systems, Specular Microscopes, Wavefront Aberrometers, Other Equipment Types, Accessories), Application (Hyperopia, Myopia, Other Ophthalmic Conditions), End User (Hospitals, Ophthalmic Clinics, Diagnostic Centers) – Industry Trends and Forecast to 2029.
An expert team performs systematic, object-oriented and complete market research study to provide the facts associated with any subject in the field of marketing via Autorefractor keratometer Device marketing report. The report has a lot to offer to both established and new players in the Autorefractor keratometer Device industry with which they can completely understand the market. SWOT analysis and Porter’s Five Forces analysis methods are used wherever applicable, while generating this report. One of the most important parts of an international Autorefractor keratometer Device market report is competitor analysis with which businesses can estimate or analyse the strengths and weaknesses of the competitors.
Key Players
Carl Zeiss AG (Germany)
HAAG-STREIT GROUP (Switzerland)
Topcon (Japan)
NIDEK CO., LTD. (Japan)
Heidelberg Engineering GmbH (Japan)
Escalon (U.S.)
Novartis AG (Germany)
Valent BioSciences LLC (U.S.)
Canon Inc. (Japan)
Essilor (France)
HEINE Optotechnik GmbH & Co. KG (Germany)
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Which product segment will grab a lion’s share?
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Table Of Content
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Global Market
Part 04: Global Market Size
Part 05: Global Market Segmentation By Product
Part 06: Five Forces Analysis
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