Fundus photography constitutes one of the indispensable ocular technologies that facilitate imaging of retina and sub retina covering the inner surface of the eye. Fundus cameras enable the diagnosis and monitoring of several ocular disorders such as diabetic retinopathy, glaucoma and age related macular degeneration. Fundus cameras are usually used by optometrists, ophthalmologists and other trained medical professionals. These devices are classified on the basis of diagnostic processes into mydriatic and non-mydriatic fundus cameras. Global fundus cameras market is highly saturated owing to technological obsolescence especially with reference to mydriatic fundus cameras. However, manufacturers are focusing on development of robust and high performance fundus cameras with improved quality, for instance development of hybrid cameras is one of the revolutionary technologies that have been evolved over the past few years. Hybrid cameras comprises both optical coherence tomography (OCT) and fundus photography and hence is advantageous as compared to individual type of fundus photography. Hence, all these developments will accelerate the market growth in near future.
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A fundus camera, an ophthalmic imaging device, is a combination of a high-resolution camera and a low-power microscope. A fundus camera is commonly used in areas such as fluorescein angiography, external photograph, paired optic disk images, and fundus imaging. Some of the commonly occurring retinal disorders are retinal detachment, diabetic retinopathy, age-related macular degeneration, and glaucoma. Fundus cameras are used to diagnose various types of retinal disorders. The greater prevalence of retinal disorders, increase in geriatric population, and advancements in technologies are some of the factors driving the global fundus cameras market.
The global fundus cameras market is segmented on the basis of geography, end user, and product. By product type, the global fundus cameras market is divided into hybrid fundus cameras, non-mydriatic fundus cameras, retinopathy of prematurity cameras, and mydriatic fundus cameras. In 2012, in terms of volume and revenue, the global fundus cameras market was dominated by the non-mydriatic fundus cameras sector. Commercially, these cameras are available as tabletop and handheld devices. The hybrid fundus cameras sector is predicted to expand significantly during the forecast period.
Over the past few years, advanced fundus cameras have taken over traditional fundus cameras. The introduction of highly advanced fundus cameras from leading players has driven the global fundus cameras market. Some of the leading players in the global fundus cameras market are Topcon Corporation, Canon, Inc., Nidek Co., Ltd., Optovue, Inc., CenterVue S.p.A., Carl Zeiss Meditec AG, Kowa Optimed, Inc., Optomed Oy (Ltd.), and Clarity Medical Systems.
Fundus cameras enable monitoring and diagnosis of many ocular disorders. Usually, fundus cameras are used by ophthalmologists, optometrists, and other medical professionals. Manufacturers of fundus cameras are constantly focusing on introducing high-performance cameras and hybrid fundus cameras in the global market.
Transparency Market Research has published a new report on the global fundus cameras market. According to the report, the global fundus cameras market is expected to expand at a 4.50% CAGR during the period between 2013 and 2019. The report, titled ‘Fundus Cameras Market – Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast, 2013 – 2019’, states that the global fundus cameras market was valued at US$220.5 mn in 2012 and is predicted to reach US$300.5 mn by 2019.
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By end user, the global fundus cameras market is classified into hospitals, ophthalmology clinics, and optometrist and ophthalmic offices. The optometrist and ophthalmic offices sector led the global fundus cameras market in 2012 due to increase in the number of specialty clinics. Regionally, the global fundus cameras market is classified into North America, Asia Pacific, Europe, and Rest of the World. The North America fundus cameras market held the largest global market share in 2012 owing to growing geriatric population, technological advancements, and high incidence of diabetic retinopathy. In 2012, Europe held the second position after North America. Developing healthcare infrastructure and growing awareness are expected to drive the Asia Pacific fundus cameras market by 2019.