Ophthalmoscopes Market Size, Share & Industry Analysis, By Product (Direct Ophthalmoscopes, Indirect Ophthalmoscopes), By Light Source (Halogen Illumination Ophthalmoscopes, Xenon Illumination Ophthalmoscopes, LED Illumination Ophthalmoscopes), By Application (Glaucoma, Retinal Diseases, Diabetes Eye Diseases, Others), By End-user (Hospitals, Speciality clinics , Eye Institutes, Ambulatory Surgical Center, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The global burden of eye disease is growing at a significant rate. According to the National Eye Institute, in 2014, 2.1 million of the American population have advanced age-related muscular degeneration (AMD), which is projected to increase to 3.7 million by 2030. Owing to the technological interventions and rapid adoption, eye examination & care has become more accessible and affordable. Proper eye examination is of prime importance for the correct diagnosis of eye diseases. Ophthalmoscopy, also known as funduscopy, is a test done as a part of eye examination using an ophthalmoscope to view inside the fundus of the eye. Ophthalmoscopes focus a small beam of light through the pupil of the patient’s eye, which helps the care provider in detection of abnormalities of the lens, vitreous humor, optic disc, and the retina. The ophthalmoscopes mainly consist of a light illuminating source, eyepiece, battery handle, and an aperture selector. Ophthalmoscopes are now coming with provisions to capture, store and even share the fundus images which is further going to enhance the ophthalmological process and global market potential of ophthalmoscopes.
Key Market Driver -
Strong awareness among patients leading to increase in ophthalmic surgeries
Key Market Restraint -
Dearth of skilled surgeons in lower-economic countries
Global ophthalmoscopes market growth is being driven by the growing needs of eye care, an increase in ophthalmic surgeries, and advancements in laser technology. Besides, increase in number of ophthalmic clinics in emerging countries is also expected to boost the growth in global ophthalmoscopes implants.
However, lack of skilled health care professionals and eye surgeons in underdeveloped countries is a factor that may hamper the growth in global ophthalmoscopes market
Key Players Covered:
The major companies covered in the global ophthalmoscopes market report include Welch Allyn, HEINE USA Ltd., Keeler ltd, US Ophthalmic, Rudolf Riester GmbH, Holtex, Carl Zeiss Meditec AG, GlobalMed, Albert Waeschle Ltd., Zumax Medical Co. Ltd., Invotech Excel Fzco, Spengler and other players.
As per the current ophthalmoscopes market trends, direct ophthalmoscopes among the product types are anticipated to register a higher market share in the global ophthalmoscopes owing to ease of use of direct ophthalmoscopes, as they can be handheld.
Key Insights:
- Prevalence of eye diseases for key countries, 2018
- Pricing Analysis
- Technological advancements in ophthalmoscopes
- Key industry developments such as partnerships, mergers and acquisitions
Regional Analysis:
Geographically the global ophthalmoscopes market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global ophthalmoscopes market owing to the rapid adoption of laser technology by eye specialists for caregiving and high health care expenditure. According to the American Academy of Ophthalmology, around 2 million cataract surgeries are done each year in United States which makes North America a potential region in global ophthalmoscopes market.
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In Europe and Asia Pacific, the global ophthalmoscopes market is estimated to expand due to the increased government efforts for setting up of tertiary eye institutes. Latin America is an emerging market for the growth of ophthalmoscopes owing to growing prevalence of eye disorders and awareness about applications of ophthalmoscopes. Government initiatives and focus on developing health services in Middle East & Africa and awareness about the treatment of eye diseases is likely to motivate the ophthalmoscopes market growth in the region during the forecast period.
Segmentation
ATTRIBUTE | DETAILS |
By Product |
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By Light Source |
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By Application |
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By End-user |
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By Geography |
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Ophthalmoscopes Industry Developments
- In August 2019, NIDEK CO., LTD announced the launch of MIRANTE scanning laser ophthalmoscope to obtain an enhanced view of retinal structure and vasculature.
- In November 2018, oDocs Eye Care announced the launch of novel ophthalmoscope ODOCS NUN. This is the latest smartphone ophthalmoscope capable of mydriatic and non-mydriatic retinal imaging.
- Ongoing
- 2023
- 2019-2022
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