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Digital Retinal Cameras Market- Region-wise Outlook and Forecast 2017 - 2025
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Digital retinal cameras market is driven by various factors, including the aging population, increasing incidence and prevalence of eye related diseases. Technological advancements of these devices, development of hand held devices for detecting glaucoma and macular degeneration, speedy market approvals of these devices will be factors responsible to boost the market growth. Supportive government regulations for medical devices, increasing awareness among people about eye care and increasing research and development activities by companies are also some of the factors expected to drive the growth of digital retinal cameras market.
The global digital retinal cameras market has been segmented on the basis of product type, end user, and geography.
On the basis of the product type global digital retinal cameras market can be segmented into:
Hybrid Cameras
Mydriatic Cameras
Tabletop
Handheld
Non Mydriatic Cameras
Tabletop
Handheld
Retinopathy of Prematurity Cameras
On the basis of end user global digital retinal cameras market can be segmented into:
Hospitals
Ophthalmology Clinics
Optometrist & Ophthalmic Offices
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Digital retinal cameras market is expected to show significant growth owning to the factors like increasing incidence & prevalence of ophthalmic disorders and technological advancements. Non mydriatic digital retinal cameras segment is expected to dominate the market as it enables the practitioner to view the retinal anatomy in detail and provides enhanced diagnosis and management of eye. Hybrid digital retinal cameras segment is expected to be fastest growing due to the availability of a combination of technologies in a single device. Introduction of highly advanced cameras from leading players will be one of the major factors for the growth of global digital retinal cameras market. Hand held digital retinal cameras are anticipated to have a healthy growth especially in developing and low income countries owing to the factors like easy to use, portable and low prices. The optometrist and ophthalmic offices sector expected to lead the global digital retinal cameras market due to the high preference for optometrists for primary eye care and increase in the number of specialty clinics.
Geographically, the global digital retinal cameras market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America market is expected to account for the maximum revenue share in global digital retinal cameras market followed by which is Europe. High incidence of diabetic retinopathy, local presence of key players, availability of expert services, and better reimbursement policies are the key factors responsible for the dominance of this region. Asia Pacific region is expected to be fastest growing market for digital retinal cameras because of the large population and growing demand for eye care services, Increasing healthcare expenditure, improving healthcare infrastructure, shortage of ophthalmologists and growing medical tourism.
Some of the key participants in global digital retinal cameras market are Optovue, Inc, Topcon Corporation, Nidek Co., Ltd., Carl Zeiss Meditec AG, Canon, Inc., CenterVue S.p.A., Kowa Company Ltd. and Optomed Oy Ltd. These companies are focusing on R&D to develop advanced and potable digital retinal cameras.
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