Ophthalmoscopes Market is growing at a Revenue of $322.13 Million by 2027 with 4.6% of CAGR Leading with Heine Optotechnik, Iridex Corporation, American Diagnostic Corporation, Halma, Honsun

Glaucoma is a very misunderstood diseases and people often neglect its severity. Glaucoma is a disorder or a disease that damages the eye’s optic nerve. The condition occurs when a layer of fluid fills up on the outer side of the eye, creating a pressure and hence leading to damage to optic nerves. According to the Glaucoma Research Foundation, currently there are around 3 million people with glaucoma in the United States. The number is expected to reach up to 4.2 million by 2030, with an increase of almost 58 percent, as per the forecasts given by, The National Eye Institute. Moreover, among African American and Latino populations, glaucoma is more prevalent, being 6 to 8 times more common in African Americans than in the Caucasian population. Hence, the rise in the cases of blindness owing to glaucoma is expected to drive the growth of the ophthalmoscopes market significantly during the forecast years.

Ophthalmoscopes are small equipment that allow ophthalmologists to diagnose the defect inside the patient's eye. The device contains a small beam of light that falls directly on the patient's pupil and helps doctor to detect abnormalities on the lens of the eye, optic disc, vitreous humor, and the retina. The ophthalmoscope market is likely to witness the growth in the forecast period owing to the rising prevalence of the diabetes that leads to the eye abnormalities, rise in the eye abnormalities due to long working hours in front of computers, rise in the geriatric population who widely face weak vision. The market players have wider opportunities to expand their business in the emerging markets.

The Insight Partners adds ‘Ophthalmoscopes Market’ to its store, which furnishes a skillful and deep study of crucial business trends and upcoming Ophthalmoscopes market enhancement anticipations, key drivers and moderation, accounts of massive market competitors, categorization and foretell.

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According to a new market research study titled ‘Ophthalmoscopes Market to 2027 – Global Analysis and Forecasts by Type, Application, End User and Geography. The global ophthalmoscopes market is expected to reach US$ 322.13 Mn in 2027 from US$ 216.79 in 2018. The market is estimated to grow with a CAGR of 4.6% from 2019-2027. The market is expected to grow due to increasing prevalence of the glaucoma across the world.

Global ophthalmoscopes market, based on type, application, and end user. The market based on the type segment is classified as direct ophthalmoscopes and indirect ophthalmoscopes. Based on the application, the market is classified as glaucoma, diabetes eye diseases, retinal diseases and others. Similarly, on the basis of the end user the market is classified is hospitals, eye clinics and ambulatory surgical clinics. Based on the application, glaucoma is the largest contributor for the growth of the ophthalmoscopes market. Likewise, the direct ophthalmoscopes is the largest contributor by type for the market.

Key Ophthalmoscopes market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Company Profiles

-Carl Zeiss Meditec AG
-Welch Allyn
-Heine Optotechnik GmBH & Co.KG
-Iridex Corporation
-American Diagnostic Corporation
-Halma Plc
-Honsun
-Guangzhou Bisen Medical Co., Limited
-Lumenis

Acquisition and product up gradation were observed as the most adopted strategy in global ophthalmoscopes industry. For instance, Rudolf Riester GmbH (Halma Plc) has launched fortelux N LED Diagnostic Penlight. The device is pen sized device used for the pupil examination and is available in various attractive colors. Thus, the companies are introducing various handy devices that assists in the eye examination and therefore, the market is likely to experience various such products in the coming future.

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