Fundus Camera Market is Anticipated to Hold a Share of US$ 810.4 Million by 2028 Says Transparency Market Research

The global 𝐟𝐮𝐧𝐝𝐮𝐬 𝐜𝐚𝐦𝐞𝐫𝐚 𝐦𝐚𝐫𝐤𝐞𝐭, valued at US$ 464.4 Mn in 2020, is projected to witness steady growth, with an estimated CAGR of 5.6% from 2021 to 2028, reaching a value of US$ 810.4 Mn by 2028.

Analysts foresee a dynamic landscape driven by key players' strategies such as regulatory approvals, technological advancements, product launches, and collaborations. This market is witnessing increased participation from various contributors, intensifying competition leading to product differentiation and price wars. Despite these growth factors, challenges persist, including the high cost of fundus cameras and a shortage of ophthalmologists in developing nations, potentially impeding market expansion during the forecast period.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1012&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐆𝐞𝐫𝐢𝐚𝐭𝐫𝐢𝐜 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐆𝐥𝐨𝐛𝐚𝐥𝐥𝐲 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐅𝐮𝐧𝐝𝐮𝐬 𝐂𝐚𝐦𝐞𝐫𝐚 𝐌𝐚𝐫𝐤𝐞𝐭

The population of people aged 65 years and above is consistently increasing in developing countries. The increase in the geriatric population across the globe is a major factor driving the fundus camera market during the forecast period. The growing number of old people directly affects the growth and development of ophthalmology diagnostic devices, as these people are highly susceptible to health disorders, including ocular disorders, compared to younger adults. This increases the demand for effective management of these diseases at the global level.

The most common ocular disorders reported in the geriatric population are diabetic retinopathy, age-related macular degeneration (AMD), glaucoma, cataract, and others. Consistent aging of baby boomer population increases the need and demand for improved performance of ophthalmic diagnostic platforms, including fundus cameras.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐆𝐞𝐫𝐢𝐚𝐭𝐫𝐢𝐜 𝐏𝐨𝐩𝐮𝐥𝐚𝐭𝐢𝐨𝐧: 𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫

Increase in the geriatric population directly affects the growth and development of ophthalmology diagnostic devices, as the elderly population is highly susceptible to health disorders, including ocular disorders, compared to younger adults. This increases demand for effective management of these diseases globally.

Most common ocular disorders reported in the geriatric population are age-related macular degeneration (AMD), glaucoma, diabetic retinopathy, cataract, and others. Consistent aging of baby boomer population increases the need and demand for improved performance of ophthalmic diagnostic platforms, including fundus cameras.

According to World Population Ageing Report published by United Nations in 2019, the global population aged 65 years or over stood at 703 million in 2019. The number of elderly people is projected to double to reach 1.5 billion in 2050. Globally, the population aged 65 years or over increased from 6% in 1990 to 9% in 2019. The proportion is projected to rise to 16% by 2050, i.e., one in six people will be aged 65 years or over.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Topcon Corporation,Canon, Inc.,Nidek Co., Ltd.,Epipole Ltd.,iCARE Finland Oy (Revenio Group),Kowa American Corporation,Carl Zeiss Meditec,Optovue Incorporated,Haag-Streit Holding AG,Optomed plc, among others

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Mydriatic
Non-mydriatic
Hybrid
Retinopathy of Prematurity (ROP)
Portability
Handheld
Table Top

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Hospitals
Ophthalmology Clinics
Ophthalmic & Optometrists Offices

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.transparencymarketresearch.com/checkout.php?rep_id=1012<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In July 2021, Topcon Healthcare acquired VISIA Imaging S.r.l, a company engaged in the manufacturing of ophthalmic devices. This strategic move will improve Topcon's manufacturing and development capabilities associated with anterior segment devices that include fundus cameras. Moreover, this acquisition is expected to bolster Topcon's position in the ophthalmic device industry.

In April 2021, Samsung announced the launch of the EYELIKE Fundus Camera to improve access to affordable eye care. The EYELIKE fundus imaging system uses a lens attachment and AI algorithm on Samsung Galaxy smartphones to detect and analyze the images for eye diseases. This launch will strengthen the company's smartphone-based fundus cameras portfolio and the product is set to witness significant demand in developing countries such as Vietnam, India, Morocco, and Papua New Guinea.

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America
Latin America
Europe
Latin America
Middle East & Africa

𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The future of the fundus camera market looks promising, with sustained innovation and a focus on addressing healthcare disparities globally. The integration of artificial intelligence, telemedicine, and portable imaging devices is expected to drive market growth and improve patient outcomes.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐑𝐚𝐫𝐞 𝐊𝐢𝐝𝐧𝐞𝐲 𝐃𝐢𝐬𝐞𝐚𝐬𝐞𝐬 𝐓𝐫𝐞𝐚𝐭𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/17/2670831/0/en/Rare-Kidney-Diseases-Treatment-Market-Forecasted-to-Hit-US-4-6-Billion-by-2031-growing-at-a-5-8-CAGR-Transparency-Market-Research.html

𝐖𝐢𝐫𝐞𝐥𝐞𝐬𝐬 𝐏𝐨𝐰𝐞𝐫 𝐁𝐚𝐧𝐤 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/05/18/2672164/0/en/Wireless-Power-Bank-Market-to-Reach-US-2-4-billion-in-2031-Expanding-at-a-CAGR-of-5-8-TMR-Report.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Nikhil Sawlani
Transparency Market Research Inc.
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This release was published on openPR.