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The Global Ophthalmoscopes Market Insight - Nidek, Baxter, NEITZ INSTRUMENTS Set to Reap the Benefit - $86.87 Million Opportunities - Arizton
Ophthalmoscopes Market Research Report by Arizton
According to Arizton's latest research report, the global ophthalmoscopes market [https://www.arizton.com/market-reports/ophthalmoscopes-market] is growing at a CAGR of 5.73% during 2023-2029.
Looking for More Information? Click: [https://www.arizton.com/market-reports/ophthalmoscopes-market]
Report Scope:
Market Size - Revenue (2029): $86.87 Million
Market Size - Revenue (2023): $62.20 Million
CAGR (2023-2029): 5.73%
Historic Year: 2020-2022
Base Year: 2023
Forecast Year: 2024-2029
Market Segmentation: Product Type, Indication, End-Users, and Geography
Geographical Analysis: North America, Europe, APAC, Latin America, and Middle East & Africa
North America held 38% of the global ophthalmoscope market share, making it the leading region for ophthalmoscope demand. This dominance is driven by increased awareness of eye health and the importance of preventive care, leading to a high demand for eye examinations and diagnostic equipment. The United States plays a central role in this market, owing to the significant burden of eye diseases, including glaucoma, diabetic retinopathy, cataracts, and age-related macular degeneration (AMD). Factors such as the aging population with a growing prevalence of eye conditions, rising screen time, and increasing healthcare expenditures on eye care all contribute to the region's strong demand for ophthalmoscopes. As a result, North America continues to lead the global market for eye health diagnostics.
Age-Related Macular Degeneration (AMD) the Fastest Growing Segment with a CAGR of 6.17% During 2023-29
In 2023, the age-related macular degeneration (AMD) segment held an 18% share of the global ophthalmoscope market. This segment is projected to see an incremental growth of $4.90 million, with an absolute growth rate of 43.22% from 2024 to 2029.
According to the World Health Organization (WHO), the global prevalence of AMD was 9% in 2022, affecting approximately 200 million people worldwide. This figure is expected to rise to 290 million by 2040. Age is a significant risk factor for developing AMD, with the likelihood of advanced AMD increasing from just 2% in individuals aged 50 to 59 to around 31% in those over 70. The BrightFocus Foundation (2023) estimates that the global cost of visual impairment due to AMD was around $340 billion in 2022. In North America, including the US, Canada, and Cuba, the direct costs related to AMD visual impairment amounted to approximately $95 billion in 2022. These figures highlight the substantial economic burden of AMD, further driving the need for effective management and diagnosis.
Ophthalmoscopy plays a crucial role in diagnosing AMD, as it is one of the most performed eye exams for detecting the condition. With the global aging population on the rise, millions of eye exams are conducted annually to monitor and manage AMD. Health authorities worldwide recommend that individuals aged 55 and older undergo at least two eye exams annually to detect the disease early. Early-stage AMD can be treated and its progression slowed, preserving vision for many patients. In 2024, approximately 10% (1.2 billion) of the global population is projected to be aged 60 and older, a number expected to grow to around 2.1 billion by 2050. The aging populations in North America, Europe, and the Asia-Pacific region, where the prevalence of AMD is particularly high, are expected to continue driving demand for ophthalmoscopes in AMD diagnosis and management.
Looking for More Information? Click: [https://www.arizton.com/market-reports/ophthalmoscopes-market]
Recent Vendors Activities
* In 2024, NIDEK, Inc., announced the commercial launch of its new Mirante Scanning Laser Ophthalmoscope in the US market. It is a multimodal fundus imaging platform that combines Optical Coherence Tomography and Scanning Laser Ophthalmoscopy with ultrawide-field imaging.
* In 2023, Baxter- one of the leading ophthalmoscope companies, developed and launched a digital image capture capability (iExaminer Pro) for PanOptic Plus Ophthalmoscope for an eye examination. This advanced system will help connect smart devices to capture images for further eye exams and treatments.
* In 2023, NEITZ INSTRUMENTS, Co. Ltd launched the BX LED ophthalmoscope. This product has a unique boost mode for more brightness, which is a useful feature for screening even in brighter environments.
Key Vendors
* Baxter
* Halma plc
* HEINE Optotechnik
* IRIDEX Corporation
* Rudolf Riester GMBH
* Nidek CO., LTD
* Zumax Medical Co. Ltd.
* Lumibird (Ellex)
* Albert Waeschle
* American Diagnostic Corporation
* Invotech Excel
* NEITZ INSTRUMENTS
* Suzhou Kangjie Medical
* Topcon Corporation
* Lumenis
* Oscar Boscarol S.r.l.
* 66 Vision Tech
* Zhejiang Honsun Medical Technologies Co. Ltd,
* Naugra
* Luxamed
* Hongdee Ophthalmic Equipment
* New Med Instruments
* Heidelberg Engineering
Segmentation & Forecast
*
Product Type
*
Direct Ophthalmoscopes
*
Indirect Ophthalmoscopes
*
Indication
*
Glaucoma
*
Diabetic Retinopathy (DR)
*
Age-related Macular Degeneration (AMD)
*
Retinal Detachment
*
Other Indications
*
End-Users
*
Eye Clinics
*
Hospitals
*
Other End-user
*
Geography
*
North America
*
The US
*
Canada
*
Europe
*
Germany
*
France
*
UK
*
Italy
*
Spain
*
APAC
*
China
*
Japan
*
India
*
Australia
*
South Korea
*
Latin America
*
Brazil
*
Mexico
*
Argentina
*
Middle East & Africa
*
Turkey
*
Saudi Arabia
*
South Africa
The Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the ophthalmoscopes market. Request for Free Sample to get a glance of the report now: [https://www.arizton.com/market-reports/ophthalmoscopes-market]
What Key Findings Will Our Research Analysis Reveal?
What is the market size and expected growth of the ophthalmoscopes market in the global market?
What are the factors driving the growth of the global ophthalmoscopes market?
Which region will have the highest growth in the global ophthalmoscopes market?
Who are the major players in the global ophthalmoscopes market?
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Media Contact
Company Name: Arizton Advisory & Intelligence
Contact Person: Jessica
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=the-global-ophthalmoscopes-market-insight-nidek-baxter-neitz-instruments-set-to-reap-the-benefit-8687-million-opportunities-arizton]
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