Global Fundus Camera Market
Overview
A fundus camera is a special low-power microscope with a camera attached. Fundus photographs are used to look for abnormalities associated with eye disease and monitor their progression. Smartphone fundus photography, fundus auto-fluorescence, standard fundus photography, and ultra-wide-field fundus photography are types of fundus photography.
The global fundus camera market is estimated to be US$ 402.1 million in 2021, with a CAGR of 4.2% during the forecast period (2021 – 2028).
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Recent Developments
In July 2021, Topcon Healthcare acquired VISIA Imaging S.r.l., a company that manufactures ophthalmic equipment. This strategic move will increase Topcon’s manufacturing and development capabilities for anterior ocular devices, including fundus cameras. The acquisition aims to further strengthen Topcon’s position in the ophthalmic device industry.
In April 2021, Samsung launched the EYELIKE fundus camera to improve access to affordable ophthalmology. The eye-like fundus imaging system uses the lens attachments and AI algorithms of Samsung Galaxy smartphones to detect and analyze images of eye diseases.
In March 2021, Oculus received FDA510 (k) approval for Pentacam AXL Wave. Pentacam AXL Wave is the latest and most versatile member of the Pentacam family, with intuitive reports based on clinical research, network compatibility, and complete usability of all Pentacam software and trials.
North America dominated the global fundus camera market in 2020 with a volume share of 37.3%, followed by Europe and the Asia Pacific region. The dominance of the North American market in 2020 is due to the early introduction of high-tech products in the region, recent product launches and approvals, and an increase in lifestyle-related diseases associated with eye diseases in the region.
Drivers
The increased prevalence of glaucoma is expected to spur the growth of the global fundus camera market during the forecast period.
In addition, the growing elderly population is expected to facilitate the adoption of fundus cameras. According to the World Health Organization (WHO), the elderly population is projected to grow from 900 million in 2015 to 2 billion by 2050.
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Opportunities
Fundus photography research and development is expected to provide players in the global fundus camera market with favorable growth opportunities. In February 2019, researchers at SASTRA Deemed University in India proposed a hybrid segmentation algorithm for extracting blood vessels from fundus images of the retina. The development of smartphone-based fundus cameras is also expected to contribute to market growth.
Market Taxonomy
- According to the Product Type: ROP Fundus Cameras, Non-Mydriatic Fundus Cameras, Hybrid Fundus Cameras, and Mydriatic Fundus Cameras
- According to the End-Use: Ophthalmology Clinics, Hospitals, and Optometrist & Ophthalmic Offices
Market Trends
The increasing prevalence of diabetes is expected to spur the growth of the global fundus camera market over the forecast period. The increasing prevalence of diabetic retinopathy is expected to spur the growth of the global fundus camera market during the forecast period.
Key Takeaways
Among the product types, non-mydriatic fundus cameras occupy a dominant position in the market, accounting for 49.6% of the global fundus camera market in 2020. This segment is expected to reach $ 275.4 million in 2028.
The superiority of the non-mydriatic fundus camera segment may be due to new characteristics of non-mydriatic cameras such as fluorescein imaging, portability, live-action systems, and detailed anatomical studies of this product in the global fundus camera market. I have. 2020. This segment is projected to reach $ 199 million in 2028.
Increasing number of optometrists around the world, growing preference for primary ophthalmology, and affordable services provided by ophthalmologists and opticians’ practice compared to ophthalmologists, ophthalmologists and ophthalmologist’s offices are some of the key drivers behind the growth of this segment during the forecast period.
Restraints
The high costs associated with fundus cameras are expected to impede the growth of the global fundus camera market. In addition, a lack of patient awareness in developing countries is expected to limit the adoption of fundus cameras.
Competitive Landscape
Key companies contributing to the global fundus camera market include Nidek Co., Ltd., Hoya Corporation, Carl Zeiss AG, Intelligent Retinal Imaging Systems, Inc., Canon Inc., and Topcon Corporation.
Key Developments
Key participants in the global fundus camera market are focused on pursuing partnership strategies to expand their product portfolio. October 2019, Intelligent Retinal Imaging Systems, Inc. Has partnered with Remidio Innovative Solutions Pvt. Ltd. will bring a smartphone-based non-mydriatic fundus camera to the U.S. market.
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Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End Use
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Technological Advancement
- Regulatory Scenario
- Reimbursement Scenario
- Market Dynamics
- Global Fundus Cameras Market – Impact of Coronavirus (COVID-19) Pandemic
- Covid-19 Epidemiology
- Overall Impact On Countries
- Key Developments
- Global Fundus Cameras Market, By Product Type, 2017 – 2028 (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018–2028
- Segment Trends
- Mydriatic Fundus Cameras
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Segment Trends
- Tabletop
- Handheld
- Non-Mydriatic Fundus Cameras
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Segment Trends
- Tabletop
- Handheld
- Hybrid Fundus Cameras
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Segment Trends
- ROP Fundus Cameras
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Segment Trends
- Introduction
- Global Fundus Cameras Market, By End Use, 2017 – 2028 (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018–2028
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Segment Trends
- Ophthalmology Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Segment Trends
- Ophthalmic & Optometrist Offices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Segment Trends
- Introduction
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