New York, United States , Aug. 30, 2024 (GLOBE NEWSWIRE) -- The Global Fundus Cameras Market Size is to Grow from USD 482.5 Million in 2023 to USD 723 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 4.13% during the projected period.
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A fundus camera is a low-power microscope equipped with a camera. It is used to capture images of the eye's interior through the pupil. These images are known as fundus photographs and are vital for ophthalmologists to diagnose and treat various eye conditions. Fundus cameras are capable of capturing color as well as black-and-white images which helps in finding disorders and monitoring them over time. A fundus camera can be handheld portable and stationary. The increasing cases of chronic diseases like hypertension, eye disorders, diabetes, and geriatric, retinal abnormalities are driving the fundus cameras market growth. Additionally, the integration of Artificial Intelligence (AI), Machine Learning (ML), and big data into fundus cameras is a promising opportunity for market growth. However, the major challenge that could hinder the growth of the global fundus cameras market is the high cost of the fundus cameras.
Browse key industry insights spread across 207 pages with 110 Market data tables and figures & charts from the report on the "Global Fundus Cameras Market Size, Share, and COVID-19 Impact Analysis, By Product (Mydriatic, Nonmydriatic, Hybrid, ROP, and Others), By End-User (Hospitals, Ophthalmology Clinics, Ophthalmic & Optometrist Offices, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The nonmydriatic segment is anticipated to hold the greatest share of the global fundus cameras market during the projected timeframe.
Based on product, the global fundus cameras market is divided into mydriatic, nonmydriatic, hybrid, ROP, and others. Among these, the nonmydriatic segment is anticipated to hold the greatest share of the global fundus cameras market during the projected timeframe. This is because it is a more convenient and less intimidating imaging option. It is used to screen individuals with curable, sight-threatening eye disorders like diabetic retinopathy. Additionally, increasing research, developments, and technological advancements are expected to boost this market segment.
The ophthalmology clinics segment is anticipated to hold the greatest share of the global fundus cameras market during the projected timeframe.
Based on end-use, the global fundus cameras market is divided into hospitals, ophthalmology clinics, ophthalmic & optometrist offices, and others. Among these, the ophthalmology clinics segment is anticipated to hold the greatest share of the global fundus cameras market during the projected timeframe. The growth of this segment is due to the design with high mobility, easier transportation to different sites, and cost savings it offers because of renting.
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North America is expected to hold the largest share of the global fundus cameras market over the forecast period.
North America is expected to hold the largest share of the global fundus cameras market over the predicted timeframe. The region’s market is driven by the growing elderly population, advancements in technology and healthcare. The presence of leading market players, strong economy, support from the government is expected to boost the fundus camera manufacturing and innovation, boosting the market growth.
Europe is expected to grow at the fastest pace in the global fundus cameras market during the forecast period. The region’s market is driven by the presence of major market players, advancements in fundus camera technology and the adoption of new products paired with increasing partnerships and collaborations between key market players. The rise in aging population, and increasing cases of diabetic retinopathy, are also expected to fuel the region’s growth.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Fundus Cameras Market include Kowa Company Ltd., Forus Health, Optovue, Inc., Canon Inc., CenterVue SpA, Carl Zeiss Meditec AG, Medimaging Integrated Solution Inc., NIDEK CO., LTD., Remidio, Topcon Corporation, Hoya Corporation, Nikon Corporation, Carl Zeiss AG, Optomed Oy (Ltd.), and Clarity Medical Systems, Inc. and Others.
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Recent Developments
- In July 2023, Intelligent Retinal Imaging Systems (IRIS), a leader in retinal screening technology, today announced a partnership with AEYE Health, a leading artificial intelligence company for retinal imaging and diagnostics.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Fundus Cameras Market based on the below-mentioned segments:
Global Fundus Cameras Market, By Product
- Mydriatic
- Nonmydriatic
- Hybrid
- ROP
- Others
Global Fundus Cameras Market, By End-User
- Hospitals
- Ophthalmology Clinics
- Ophthalmic & Optometrist Offices
- Others
Global Fundus Cameras Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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