Slit Lamps Market Size, Share and Global Trend By Lamp (Handheld Slit Lamps, Table MountedSlit Lamps), By Technology (Analog Slit Lamps, Digital Slit Lamps), By End User (Hospitals & Clinics, Ophthalmic Care Institutions & Optometrist Offices, Diagnostic Centers, Others), and Geography Forecast till 2021-2028

Slit lamps are ophthalmic instruments, like a microscope, consisting of a high-intensity source of light that can be used for examining the interior of the eye. Slit lamps allow the facilitation of the examination of the anterior and posterior segments of the eye which includes parts such as conjunctiva, lens, iris, sclera, cornea, eyelids, optic nerve, and the retina. Slit lamps enable the diagnosis of several eye disorders such as the detached retina, cataracts, injuries to the cornea, macular degeneration, blockages of the retinal vessel and obstructions in the eye’s blood vessels.

Slit lamp examinations are often carried out along with regular eye examinations and the examination proceeds from the front of the eye to the back of the eye. Slit lamp examinations also help in understanding the impact of diseases such as anemia, diabetes, hypertension, tumors, blood clots, and the hardening of the arteries on the health of the eye. These trends are expected to contribute positively to the growth of the global slit lamps market.

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The global slit lamps market is anticipated to grow, owing to several factors such as the increased prevalence of eye diseases such as cataracts & glaucoma, increasing geriatric population, and increasing advances in technology. Moreover, increased investment in research & development activities, increasing incidences of eye diseases in diabetic individuals, rising demand for preventive medical care through regular eye examinations, increasing awareness regarding eye health, and governmental initiatives are anticipated to drive the growth of global slit lamp market.

According to the American Academy of Ophthalmology (AAO), cataracts more than 24.4 million individuals in the U.S. by the age of 40 and above and almost half of the American population by the age of 75. AAO also estimates that 2.7 million Americans of age 40 and above are affected by glaucoma, while diabetic retinopathy affects nearly 7.7 million Americans of age 40 and older. These trends, combined with the above factors, are expected to positively drive the growth of global slit lamp market.

Some of the factors limiting the growth of the global slit lamps market includes lack of awareness in the emerging markets, increasing healthcare costs and limitations of the slit lamp examination such as normal appearance of visually significant cataracts.

Key Players Covered

Some of the major companies that are present in the global Slit Lamps market are NIDEK CO., LTD, ZEISS International, HAAG-STREIT GROUP, TOPCON CORPORATION, Optovue, Incorporated, MEDELSIS MEDICAL ELECTRONIC SYSTEMS A.S., Marco and Reichert, Inc., and others.

SEGMENTATION

Among the segmentation, Haag-Streit style handheld slit lamps segment in the lamp segment is projected to hold a considerable share of the global slit lamps market due to higher unit sales of these types of slit lamps in the global markets.

Key Insights

• Overview of technological advancements
• New product launches
• Recent industry developments such as partnerships, mergers, and acquisitions
• incidences & prevalence of ophthalmic disorders by key countries

Regional Analysis

North America accounts for the largest share in the global market due to the increasing prevalence of ophthalmic diseases such as cataracts & diabetic retinopathy, early adoption of and greater access to advanced medical technologies, established healthcare system, high healthcare expenditure and greater demand for preventive healthcare through regular examinations. Asia Pacific is the fastest emerging market due to increasing prevalence of eye diseases, aging population, large population bases, increasing disposable incomes, increasing awareness, and developing healthcare system.

Key Industry Developments

• In May 2017, NIDEK CO., LTD announced the launch of the product offering of SL-2000 Slit Lamp, which provides a crisp and clear view of ocular tissue in nearly natural color
• In February 2017, TOPCON CORPORATION announced the launch of their product offering of SL-D301 Slit Lamp, which has three magnifications and photo and video capability
• In November 2017, HAAG-STREIT GROUP in the U.K. announced the launch of their new slit lamp product called the BI 900