24th February 2020 – Latest Research Report on Fundus
Cameras Market begins with a deep introduction and then search broad
into specific segments such as raw material, application, end user, and region,
policy study, value chain structure, and upcoming trends in particular segments
or regions. The report on Fundus Cameras prepare a case for investments in
different regions based on a practical view of their regulatory outline,
manufacturing dynamics, and availability of skills and resources in that
region.
The global Fundus Cameras Market is
expected to value at USD 625.1 million by 2025. The market is subject to
witness a substantial growth due to the growing prevalence of age-related
Macular Degeneration (AMD), Diabetic Retinopathy (DR), and glaucoma disorders.
Growing importance toward high-resolution digital images to achieve excellent
clarity and precision in medical and healthcare applications is expected to
favor the growth of fundus cameras industry.
Additionally, complete transformation of
the medical imaging platforms and systems, in the recent years, thus supporting
the need for technologically sophisticated medical cameras. Globally, the
fundus camera market is predicted to grow at CAGR of 6.8% in the forecast
period, providing numerous opportunities for market players to invest for
research and development in the market.
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Fundus cameras allows facilitation for
precise analysis of several conditions and aid in decision making for doctors
and clinicians. In addition, use of fundus cameras helps to identify and
determine of any particular disorder or anomaly in the patient. Fundus cameras
can easily detect common symptoms by enhancing field of view, thus offering
clarity, flexibility and adaptability during the treatment by addressing new
possibilities. These factors are expected to play key role for sustained market
growth over the forecast period.
The recent technological advancement
coupled with development of the novel products & techniques such as a
specialized low power microscope and highly sensitive sensor technologies are
expected to provide platform for the sustained growth of fundus camera industry
in the upcoming years. Growing popularity of the medical cameras among
healthcare professionals and clinicians are estimated to offer lucrative growth
opportunities for industry player over the forecast period.
Growing geriatric population and
emergence of cost effective solution are propelling market growth as well, in
the recent years. Increasing need for modernization and centralization of
healthcare administration and services, and growing demand for superior quality
and safety of healthcare services are expected to pave a way for future market
growth of fundus cameras as well.
The fundus cameras market is broadly
categorized into four major segments based on the product type such asmydriatic
fundus cameras, non-mydriatic fundus cameras, hybrid fundus cameras and ROP
fundus cameras. The non-mydriatic fundus cameras is considered as one of the
fastest growing segment in the fundus cameras industry with substantial revenue
generation in the last few years. Growing popularity of the non-mydriatic
fundus cameras segment is attributed to the easy availability and higher market
penetration of the devices. The hybrid fundus cameras segment has also
witnessed substantial growth owing to the use of hybrid technology to
manufacture these devices.
The fundus camera market is divided by
region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the rise in the
implementation of latest technologies in the healthcare sector, increase in the
number of research & development activities in the region and existence of
well-established medical infrastructure.
Asia-Pacific region is predicted to hold
major market share in fundus cameras with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with improved medical infrastructure, increasing healthcare expenditure,
rising per capita income, growing awareness among general population, and
significant investment by leading industry players considering potential growth
opportunities in the region.
The key players in the fundus camera
industry are Carl Zeiss Meditec, Inc., Kowa Company Ltd., Optomed Oy Ltd.,
Optovue, Inc., CenterVue S.p.A,, NIDEK Co., Ltd., Topcon Medical Systems, Inc.,
Clarity Medical Systems, Inc., and Canon, Inc.
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