November 29th, 2021 Coherent Market Insights Releases

A fundus camera is a special low-power microscope with a camera attached. Fundus photographs are used to look for abnormalities associated with eye disease and monitor their progression. Smartphone fundus photography, fundus auto-fluorescence, standard fundus photography, and ultra-wide-field fundus photography are types of fundus photography.

The global fundus camera market is estimated to be US$ 402.1 million in 2021, with a CAGR of 4.2% during the forecast period (2021 – 2028).

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In July 2021, Topcon Healthcare acquired VISIA Imaging S.r.l., a company that manufactures ophthalmic equipment. This strategic move will increase Topcon’s manufacturing and development capabilities for anterior ocular devices, including fundus cameras. The acquisition aims to further strengthen Topcon’s position in the ophthalmic device industry.

In April 2021, Samsung launched the EYELIKE fundus camera to improve access to affordable ophthalmology. The eye-like fundus imaging system uses the lens attachments and AI algorithms of Samsung Galaxy smartphones to detect and analyze images of eye diseases.

In March 2021, Oculus received FDA510 (k) approval for Pentacam AXL Wave. Pentacam AXL Wave is the latest and most versatile member of the Pentacam family, with intuitive reports based on clinical research, network compatibility, and complete usability of all Pentacam software and trials.

North America dominated the global fundus camera market in 2020 with a volume share of 37.3%, followed by Europe and the Asia Pacific region. The dominance of the North American market in 2020 is due to the early introduction of high-tech products in the region, recent product launches and approvals, and an increase in lifestyle-related diseases associated with eye diseases in the region.

The increased prevalence of glaucoma is expected to spur the growth of the global fundus camera market during the forecast period.

In addition, the growing elderly population is expected to facilitate the adoption of fundus cameras. According to the World Health Organization (WHO), the elderly population is projected to grow from 900 million in 2015 to 2 billion by 2050.

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Fundus photography research and development is expected to provide players in the global fundus camera market with favorable growth opportunities. In February 2019, researchers at SASTRA Deemed University in India proposed a hybrid segmentation algorithm for extracting blood vessels from fundus images of the retina. The development of smartphone-based fundus cameras is also expected to contribute to market growth.

The increasing prevalence of diabetes is expected to spur the growth of the global fundus camera market over the forecast period. The increasing prevalence of diabetic retinopathy is expected to spur the growth of the global fundus camera market during the forecast period.

Among the product types, non-mydriatic fundus cameras occupy a dominant position in the market, accounting for 49.6% of the global fundus camera market in 2020. This segment is expected to reach $ 275.4 million in 2028.

The superiority of the non-mydriatic fundus camera segment may be due to new characteristics of non-mydriatic cameras such as fluorescein imaging, portability, live-action systems, and detailed anatomical studies of this product in the global fundus camera market. I have. 2020. This segment is projected to reach $ 199 million in 2028.

Increasing number of optometrists around the world, growing preference for primary ophthalmology, and affordable services provided by ophthalmologists and opticians’ practice compared to ophthalmologists, ophthalmologists and ophthalmologist’s offices are some of the key drivers behind the growth of this segment during the forecast period.

The high costs associated with fundus cameras are expected to impede the growth of the global fundus camera market. In addition, a lack of patient awareness in developing countries is expected to limit the adoption of fundus cameras.

Key companies contributing to the global fundus camera market include Nidek Co., Ltd., Hoya Corporation, Carl Zeiss AG, Intelligent Retinal Imaging Systems, Inc., Canon Inc., and Topcon Corporation.

Key participants in the global fundus camera market are focused on pursuing partnership strategies to expand their product portfolio. October 2019, Intelligent Retinal Imaging Systems, Inc. Has partnered with Remidio Innovative Solutions Pvt. Ltd. will bring a smartphone-based non-mydriatic fundus camera to the U.S. market.

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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients to achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having an office at global financial capital in the U.S. and sales consultants in the United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies to not-for-profit organizations, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

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