Ophthalmoscopes Market Analysis 2019 Focusing on Top Key Players like Welch Allyn, Heine USA Ltd., Iridex., Carl Zeiss Meditec AG, American Diagnostic Corporation, Honsun, Halma plc, Lumenis and Guangzhou Bisen Medical

The global ophthalmoscopes market accounted to US$ 216.79 Mn in 2018 and is expected to grow at a CAGR of 4.6% during the forecast period 2019 – 2027, to account to US$ 322.13 Mn by 2027.

The market for ophthalmoscopes is expected to grow significantly due to factor as rising prevalence of eye diseases in developing and developed nations, significantly growing elderly population and increasing prevalence of glaucoma in individuals are likely to drive the growth of the market in the forecasted period. However, the challenges associated with retinal examination may show some impact to the growth of the market.

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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.

The major players operating in the ophthalmoscopes market include, Welch Allyn, Heine USA Ltd., Iridex., Carl Zeiss Meditec AG, American Diagnostic Corporation, Honsun, Halma plc, Lumenis and Guangzhou Bisen Medical Co., Limited among others.

The market is has provided inorganic growth strategies to these companies by various market consolidations. For instance, in December 2017 Heine Optotechnik GmbH & Co. KG announced a new partnership with Midmark Corp. to provide customers in the United States with three types of high quality diagnostic instruments: otoscopes, ophthalmoscopes and sphygmomanometers.

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Strategic Insights

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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This release was published on openPR.