Product Code: RP-ID-10086017 |
Published Date: 21 Oct 2022 |
Region: Global |
Category: Healthcare & Pharmaceuticals |
Report ID: 10086017
Market Overview:
Global Fundus Camera Market By Type (Mydriatic, Non-Mydriatic, Others), By End User (Ophthalmology Centre, Ophthalmic & Optometrist offices, Others), By Portability (Handheld, Tabletop): By Region, By Country (2018 Edition)-Forecast to 2022-2030
"In 2021, the global fundus camera market is estimated to be worth ~ USD 400 million and it is expected to expand at a compound annual growth rate of 6% from 2022 to 2030. Increasing incidence of retinal diseases. The main retinal diseases include diabetic retinopathy (DR), age-related macular degeneration (AMD), and retinopathy of prematurity (ROP). In addition, during the forecast period, the increasing awareness of eye diseases and the commercialization of various technologically advanced products may promote the development of the market.
Diabetic eye disease includes a group of various eye diseases, including RD, diabetic macular edema, glaucoma, and cataracts. According to data from the National Eye Institute (NEI), the number of patients with diabetic retinopathy in the United States is expected to increase from 7.7 million in 2010 to 14.6 million in 2050. In addition, advancements in this field are expected to drive the market period during the forecast period. COVID-19 has a negative impact on the market because the data captured during the pandemic is neither accurate nor sufficient to identify eye problems. The lack of data limits the tracking, management and treatment of the disease.
However, portable fundus cameras may be a useful option in this pandemic because their portability will help capture the retinal changes of COVID patients present in different environments or locations. The development of cameras for others to obtain clear and deep fundus images, and the increasing adoption of these new technologies in emerging countries, will drive the market during the forecast period. In addition, supporting government regulations are also expected to promote market growth.
According to the laws and regulations of the United States and Japanese medical device institutions, the fundus imaging camera must be replaced every 4 years. This law helps to maintain the quality of the equipment, thereby improving diagnosis and treatment. Therefore, the law may maintain the demand for equipment in various countries and boost the market; however, factors such as price pressure and competition from other developed technologies are expected to hinder market growth. Optical Coherence Tomography (OCT) is an advanced technology developed to create retinal images. This technology provides detailed images of the retina and optic nerve, which can be viewed in 2D and 3D formats. In addition, Scan Source OCT is the latest generation of Fourier Domain OCT technology. The advantages associated with the scanning source OCT are better sensitivity and faster speed than OCT.
PRODUCT INSIGHT:
The non-mydriatic camera segment has a dominant position, with the largest revenue share in 2020 at 50%. Enhance the doctors ability to view detailed retina anatomy, thereby improving the diagnosis and treatment of eye diseases. In addition, the non-mydriatic camera uses fundus photography without mydriasis and strong light; therefore, fundus photography is more enjoyable for patients. This feature also helps glaucoma patients with dilatation contraindications.
It is expected that during the forecast period, advances in non-mydriatic cameras such as fluorescein imaging, portability, and real-life shooting systems will drive market development. In 2020, the fundus mydriatic camera sector accounted for 20%. The low participation of mydriatic cameras or traditional fundus cameras is due to the need to dilate my pupils with the help of strong light or mydriasis to obtain a clear image of the retina. This is uncomfortable for glaucoma and photosensitive patients. In addition, advances in fundus cameras have provided clearer, faster, and more reliable retinal images, which has led to a reduction in the demand for mydriatic cameras. Due to low demand for mydriatic cameras, reduced investment by industry participants may inhibit market growth during the forecast period.
END USE INFORMATION:
The ophthalmology office and optometrist departments dominate the market, accounting for 27% of the largest revenue share in 2020. Due to the increase of professionals, the sector is expected to grow at the fastest rate of 5% during the forecast period. optometrist. Compared with ophthalmologists, they prefer the primary eye care and low-cost services of eye clinics and optometrists. For example, there were approximately 40,000 optometrists in practice in 2012, and it is estimated that there will be approximately 46,300 in 2022. In addition, the stagnant supply of ophthalmologists has created opportunities for optometry offices to dominate the market. For example, the lack of ophthalmologists in low-income countries in Asia-Pacific, Latin America, and Africa has increased the demand for optometrists in emerging regions. The hospital includes secondary care, tertiary care and advanced care. The hospital is the preferred hospital for pediatric eye care services and complex surgeries, with one or more ophthalmologists as well as diagnostic and surgical support services. However, preference for professional ophthalmology clinics such as ophthalmology clinics and optometrist offices may slow down market growth.
REGIONAL INFORMATION:
North America will dominate the fundus camera market in 2020, with the largest share, about 40%. The main factors contributing to the growth of the region include the increase in the elderly population and technological advancement in this field. In addition, the approval and launch of fundus cameras in the United States and Canada and the high adoption of new technologies may boost market share.
Expanding the application of fundus cameras can not only detect and screen eye diseases early, but also predict lifestyle-related diseases, which is expected to drive the market during the forecast period. The period was caused by the local presence of major market players; the technological development of fundus cameras, such as the ease of use, portability, and the development of hybrid cameras; and the adoption of newer products. For example, major players such as Carl Zeiss Meditec Group, Optomed Oy (Ltd.) and CenterVue SpA are located in Europe. In addition, it is expected that during the forecast period, more and more diabetic retinopathy patients and the elderly population will promote the development of the entire market. In the Asia-Pacific region, the compound annual growth rate of the market during the forecast period is expected to be 5%.
Due to the local presence of key players, the availability of expert services and the growing medical tourism. In the Asia-Pacific region, the market is mainly driven by China, Japan, India and Australia. Japan will dominate the market in terms of revenue share in 2020. This can be attributed to the local presence of major market participants and a large number of elderly people, and China is expected to become the fastest growing market in the Asia-Pacific region during the forecast period.
KEY COMPANIES AND MARKET SHARE PROSPECTS:
The company’s key strategies include: expanding the global sales network, establishing a new production system and improving R&D capabilities. For example, Topcon acquired 51.0% of Mehra Eyetech Private Limited, a company located in India, in December 2016. The company distributes Topcon ophthalmic equipment in India.
The acquisition is expected to strengthen Topcons position in the Indian market. In addition, in June 2016, Optomed Oy (Ltd.) and Essilor GmbH signed a German ophthalmic product distribution agreement. These strategic moves by market participants are expected to drive the market during the forecast period. Some of the major players in the fundus camera market include: Carl Zeiss Meditec, Inc. Kowa Company Ltd. Optomed Oy (Ltd.) Optovue, IncorporatedCenterVue SpANIDEK Co., Ltd. Topcon Medical Systems, Inc. Clarity Medical Systems, Inc. Canon, C .
MARKET SEGMENTS COVERED BY THE REPORT:
The report forecasts global, regional, and national revenue growth, and analyzes the latest industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research's global fundus camera market by product, end use, and region: Product outlook (revenue, USD million, 2022-2030) Mydriatic Fundus Camera TabletopHandheld Fundus Camera is not mydriatic TabletopHandheldHybrid Fundus Camera ROP Fundus Camera End-use Perspective (Revenue, Million USD, 2022-2030)) Hospital Eye Clinic Ophthalmology and Optometrist Office."
Canon, Nikon, Kowa, Epipole, CenterVue, Clarity Medical System, Optovue Ltd., Carl Zeiss, Canon, Topcon Medical System
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