Fundus Cameras Market Analysis By Product And Segment Forecasts, 2013 - 2024

The global fundus camera market is expected to reach a value of USD 625.1 million by 2024, based on a new report by Radiant insights, inc. Rising geriatric population and growing occurrences of chronic disorders such as diabetes and hypertension further increase the incidence of retinal disorders.

For instance, according to the WHO 2016 report, globally, there were about 422 million diabetic patients (8.5% of total population) in 2014, as compared to 108 million in 1980. Furthermore, it also states that there is a decline in blindness caused by infections such as trachoma and onchocerciasis, and an increasing trend of non-communicable causes of blindness such as Age-related Macular Degeneration (AMD), glaucoma, and Diabetic Retinopathy (DR). Availability of advanced fundus devices such as portable and hybrid cameras at affordable rates is expected to boost the fundus camera industry during the forecast period.

In addition, supportive government regulations for medical devices are anticipated to drive the market over the coming years. For instance, regulatory agencies in the U.S. and Japan require the fundus imaging cameras to be replaced once in every 4 years. Hence, the demand of fundus cameras is consistent in these regions.

Further Key Findings from the Study Suggest:

Non-mydriatic fundus cameras segment dominated the market in 2015 due to an increased demand, as it enables the practitioner to view the retinal anatomy in detail and provides enhanced diagnosis and management of eye diseases.

Non-mydriatic and mydriatic camera can be further sub-segmented into tabletop and handheld cameras. Tabletop cameras segment dominated in 2015 because of the availability of a higher number of commercialized products and ability to produce a better image quality than handheld products.

By end use, ophthalmic & optometrist offices accounted for the largest share of the market in 2015 due to the availability of well-equipped offices in North America and Europe, and preference of patients for primary eye care.

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North America dominated the market in 2015 and is expected to maintain its position during the forecast period, due to the local presence of major players and increased awareness about eye disorders.

Asia Pacific is anticipated to be the fastest growing segment during the forecast period due to rising healthcare expenditure and increasing cases of retinal detachment, DR, and AMD.

Some of the players operating in this industry are Carl Zeiss Meditec, Inc.; Kowa Company, Ltd.; NIDEK Co., Ltd., Topcon Medical Systems, Inc.; Canon, Inc.; Clarity Medical Systems, Inc.; Optomed Oy (Ltd.); and Optovue, Inc.

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Table of Content

Chapter 1 Research Methodology
1.1 Information Procurement
1.2 Data Analysis
Chapter 2 Executive Summary
Chapter 3 Market Snapshot
Chapter 4 Market Variables, Trends & Scope
4.1 Market Segmentation & Scope
4.1.1 Market driver analysis
4.1.1.1 Increasing Eye Disorders
4.1.1.2 Supportive governments regulations
4.1.2 Market restraint analysis
4.1.2.1 Competition from other developed technologies
4.1.2.2 Pricing pressure
4.2 Penetration & Growth Prospect Mapping
4.3 Fundus cameras - SWOT analysis, by Factor (Political & legal, economic and technological)
4.4 Industry Analysis - Porter's
4.5 Fundus Cameras Competitive Landscape: Market Position Analysis (based on products, regional presence, and recent updates)
4.6 Technology Trends and Future Aspects

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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:

Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email : sales@radiantinsights.com
visit our website : http://www.radiantinsights.com/
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