Retinal Imaging Devices System Market Will Generate New Growth Opportunities in Upcoming Year 2028

The "Retinal Imaging Devices Market" is projected to reach US$ 3.00 billion by 2028 from US$ 2.06 billion in 2021; it is estimated to grow at a CAGR of 5.6% during 2021-2028.

The growing prevalence of diabetes across the globe has resulted in the rising cases of diabetic retinopathy and blindness in adults. According to the International Diabetes Federation (IDF), data for 2021, nearly 537 million adults (20-79 years) are living with diabetes. The total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. Three out of four adults with diabetes live in low- and middle-income countries.

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Retinal Imaging Devices Market - List of Companies

• Carl Zeiss Meditec
• Revenio Group Oyj
• Nikon Corporation
• Optomed
• Topcon Corporation
• Imagine Eyes
• Epipole Ltd
• Forus Health Pvt Ltd
• Eyenuk Inc
• Phoenix Technology Group LLC

Additionally, cataract and age-related macular degeneration (AMD) is significant cause of blindness across the world. A cataract is often untreated in developing countries due to limited access to qualified ophthalmologists and is responsible for nearly 50% of blindness in some countries. Whereas, it is usually treated in developed countries. However, the leading cause of blindness in developed regions is age-related macular degeneration. For instance, according to the Human Development Index, data 2019, only 5% of people live with cataracts in countries such as the United States and the United Kingdom whereas, in Africa, approximately 65% of the population suffer from cataract-related issues. Penetration of low-cost retina imaging devices will spur the retinal imaging devices market during the forecast period.

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Retinal Imaging Devices Market Segmentation:

By Device Type:
• Fluorescein Angiography
• Fundus Camera
• Optical Coherence Tomography

By End User:
• Hospitals & Clinics
• Ambulatory Surgical Centers
• Specialized Eye Care Centers
• Other End Users

The report by IDF also stated the maximum portion of people in most of the countries is suffering from type 2 diabetes. Nearly 79% of the people living with type 2 diabetes are living in low and middle-income countries. Thus, such factors will result in the growth of cases related to diabetic retinopathy, which in turn will assist the retina imaging devices market over the forecast period.

Based on device type, the global retinal imaging devices market has been segmented into fluorescein angiography, fundus camera and optical coherence tomography (OCT). The fundus camera segment held the largest share of the market in 2021. However, the optical coherence tomography segment is anticipated to register the highest CAGR of 8.1% in the market during the forecast period. The recent addition of OCT angiography allows dyeless visualization of retinal vessels in the macula. The OCT machines can capture good quality images even through dense cataracts.

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Additionally, cataract and age-related macular degeneration (AMD) is significant cause of blindness across the world. A cataract is often untreated in developing countries due to limited access to qualified ophthalmologists and is responsible for nearly 50% of blindness in some countries. Whereas, it is usually treated in developed countries. However, the leading cause of blindness in developed regions is age-related macular degeneration. For instance, according to the Human Development Index, data 2019, only 5% of people live with cataracts in countries such as the United States and the United Kingdom whereas, in Africa, approximately 65% of the population suffer from cataract-related issues. Penetration of low-cost retina imaging devices will spur the retinal imaging devices market during the forecast period.

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