Dublin, Dec. 06, 2021 (GLOBE NEWSWIRE) -- The "Nonmydriatic Handheld Fundus Cameras - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Nonmydriatic Handheld Fundus Cameras Market to Reach $192.6 Million by 2026
The global market for Nonmydriatic Handheld Fundus Cameras estimated at US$122.5 Million in the year 2020, is projected to reach a revised size of US$192.6 Million by 2026, growing at a CAGR of 7.9% over the analysis period.
Ophthalmology Clinics, one of the segments analyzed in the report, is projected to grow at a 8.2% CAGR to reach US$128.6 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hospitals segment is readjusted to a revised 7.6% CAGR for the next 7-year period. This segment currently accounts for a 21.5% share of the global Nonmydriatic Handheld Fundus Cameras market. The U.S. Market is Estimated at $39 Million in 2021, While China is Forecast to Reach $21.7 Million by 2026
The Nonmydriatic Handheld Fundus Cameras market in the U.S. is estimated at US$39 Million in the year 2021. The country currently accounts for a 30.01% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$21.7 Million in the year 2026 trailing a CAGR of 9.2% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 7.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR while Rest of European market (as defined in the study) will reach US$23.9 Million by the close of the analysis period. The market is being driven by steady pace of technological advancements, growing awareness about eye care, increasing geriatric population and favorable government initiatives.
For instance, laws and regulations of different medical device authorities in Japan as well as the US require fundus imaging cameras to be replaced every four years. This not only maintains instrument performance but also improves treatment and diagnosis. The incorporation of digital technology and artificial intelligence are also some of the factors propelling growth of nonmydriatic handheld fundus cameras. Since the cost of glaucoma screening, eye prosthesis and cataract surgery is covered under Medicare, it is also expected to boost the market for fundus cameras. Fundus cameras are used by optometrists, ophthalmologists and other medical professionals.
These cameras are available as handheld devices or as tabletops and manufacturers are introducing new high-performance cameras. Many manufacturers are trying to introduce miniature tabletop fundus cameras, which can display live eye images to help alignment using infrared illumination.
Manufacturers are also developing affordable and effective designs that include a seamless auto mosaic function, optical red-free filter, compensation lens switch, anterior para position and split aligning focus. This is also expected to drive further market growth of nonmydriatic portable fundus cameras. North America and Europe are the leading regional markets for nonmydriatic handheld fundus cameras. In North America, the market growth is being driven by increasing geriatric population, high occurrence of diabetic retinopathy and rapid pace of technological advancements.
The launch of sophisticated devices combined with the presence of important companies in this region is another factor leading to growth of fundus camera market. A 2.5% excise duty is levied on all medical devices in North America under the Patient Protection and Affordable Care Act, which can be an obstacle in the growth of fundus camera market in this region. Europe is another major market for nonmydriatic handheld fundus cameras.
The high incidence of AMD, and widespread adoption of advanced healthcare technology are some other factors responsible for the increasing use of fundus cameras in Europe.
Asia-Pacific and China are poised to record high growth in demand for nonmydriatic fundus cameras due to growing awareness and developing healthcare infrastructure. Increasing medical tourism is also a factor in the growth of the fundus camera market in Asia Pacific. Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
Fundus Camera Sales Hit by the Pandemic, Poised for Strong Revival
As Telehealth Makes Rapid Gains during the Pandemic, Handheld Nonmydriatic Fundus Camera Emerge as a Vital Tool
An Introduction to Nonmydriatic Handheld Fundus Cameras
Global Market Prospects & Outlook
Developed Regions Lead, Developing Economies to Fuel Future Growth
2. FOCUS ON SELECT PLAYERS(Total 36 Featured)
Rise in Prevalence of Eye Disorders Present Favorable Outlook for Nonmydriatic Portable Fundus Cameras
Portable Nonmydriatic Fundus Cameras Emerge as Effective Screening Tool for Retinal Diseases
Aging Global Population & Rising Prevalence of Chronic Medical Conditions Lead to an Increase in Incidence Eye Disorders, Driving Market Gains
Growing Diabetic Population and Increasing Risk of Diabetic Retinopathy to Fuel Need for Ophthalmic Screening Devices, Benefiting Market Growth
Age-Related Macular Degeneration (AMD): A Major Vision Disorder Presenting Opportunities for Fundus Cameras Market
Glaucoma Prevalence and Need for Screening to Fuel Sales of Nonmydriatic Fundus Cameras
Handheld Non-Mydriatic Fundus Cameras Effective in Glaucoma Detection Vs Table-Top Fundus Camera
Amidst COVID-19 Outbreak, Focus on Teleophthalmology Presents Opportunities for Nonmydriatic Portable Fundus Cameras Market
Non-Ophthalmological Uses of Nonmydriatic Fundus Imaging to Boost Market
Technological Advancements to Spearhead Future Market Growth
Handheld Retinal Imaging Devices Come to the Aid During Pandemic
AI Comes to the Aid for Effective and Faster Screening and Diagnosis of Diabetic Retinopathy Using Fundus Imaging
Rising Healthcare Spending and Focus on Quality & Affordable Care Delivery to Boost Market Prospects
For more information about this report visit https://www.researchandmarkets.com/r/5ugkj1
See: I’m a 35-year-old father of four with $135,000 saved for retirement. Retirement can be an emotional time, usually for individuals leaving the workforce who have felt their careers defined much of who they are, but sometimes also for the retiring person’s family. Your wife may have a lot of feelings associated with your retirement, and it’s important to keep her in the loop every step of the way, as you seem to have done so far.
Lockheed Martin is a global defense contractor that is known for its super secret research and development division. I could tell you about it ... but they would silence me. Instead, let's check out the charts and indicators.
(Bloomberg) -- Europe is getting a taste of how bad this winter’s energy crisis could get as Kosovo starts cutting electricity supplies to most of its 2 million people.Most Read from BloombergSingapore's Travelers Face Omicron ChaosLarry Summers Predicts the Future, and It Doesn’t Look GoodOmicron May Double Risk of Getting Infected on Planes, IATA SaysThree Sinovac Doses Fail to Protect Against Omicron in StudyOmicron Has 80% Lower Risk of Hospitalization in South AfricaThe Balkan country, one
(Bloomberg) -- Intel Corp. apologized after its opposition to Xinjiang labor sparked a backlash against the U.S. chipmaker in China, highlighting how multinational companies are increasingly getting caught up in a geopolitical spat between two global powers over issues such as human rights. Most Read from BloombergSingapore's Travelers Face Omicron ChaosLarry Summers Predicts the Future, and It Doesn’t Look GoodOmicron May Double Risk of Getting Infected on Planes, IATA SaysThree Sinovac Doses F
According to eMarketer, consumers will spend $4.9 trillion shopping online this year, and that figure is expected to grow at an annualized rate of 10.7% to reach $7.4 trillion by 2025. With that in mind, MercadoLibre (NASDAQ: MELI) and Shopify (NYSE: SHOP) have become key players in the e-commerce industry. MercadoLibre is the largest e-commerce and fintech platform in Latin America.
CEO of Serve Robotics, Ali Kashani, joins Yahoo Finance to talk about the goal of replacing 5% of food delivery with robots.
Some retirement advisors are cautioning that the famous 4% Rule no longer works. But the inventor of the 4% Rule says you can actually withdraw 4.7%.
These are the utilities stocks with the best value, fastest growth, and most momentum for January 2022.
The local sheriff says it appears there was "some type of explosion." Some injuries are reported. There's no early indication of the cause.
(Bloomberg) -- Vale SA, the world’s second-largest iron ore producer, is considering acquiring a stake in Anglo American Plc’s huge Minas-Rio project in Brazil, according to people familiar to the matter.Most Read from BloombergSingapore's Travelers Face Omicron ChaosLarry Summers Predicts the Future, and It Doesn’t Look GoodOmicron May Double Risk of Getting Infected on Planes, IATA SaysThree Sinovac Doses Fail to Protect Against Omicron in StudyOmicron Has 80% Lower Risk of Hospitalization in
(Bloomberg) -- Intel Corp.’s global push to increase capacity will include adding facilities in France and Italy, as well as putting a major production site in Germany, according to people familiar with negotiations. Most Read from BloombergSingapore's Travelers Face Omicron ChaosLarry Summers Predicts the Future, and It Doesn’t Look GoodOmicron May Double Risk of Getting Infected on Planes, IATA SaysThree Sinovac Doses Fail to Protect Against Omicron in StudyOmicron Has 80% Lower Risk of Hospit
If you don't want to pay a financial pro to help you plan for retirement, consider mapping out a plan with these simple, do-it-yourself strategies.
We have not looked at the charts of Vulcan Materials since way back in 2017, so a fresh look is more than overdue. The company is our nation's largest producer of crushed stone, sand and gravel. In this daily bar chart of VMC, below, we can see that prices traded higher the past year.
The administration has been calling for more output to rein in gasoline prices, but producers say its climate-change focus is a brake on more drilling.
(Bloomberg) -- TikTok’s 10,000 content moderators are exposed to a regular diet of child pornography, rapes, beheadings and animal mutilation, according to a lawsuit filed against the video-sharing platform and its parent, ByteDance Inc.Most Read from BloombergSingapore's Travelers Face Omicron ChaosLarry Summers Predicts the Future, and It Doesn’t Look GoodOmicron May Double Risk of Getting Infected on Planes, IATA SaysThree Sinovac Doses Fail to Protect Against Omicron in StudyOmicron Has 80%
It is never too late to start saving money you will use in retirement. However, the older you get, the more constraints may limit your options.
(Bloomberg) -- China’s reaffirmation of a long-term goal to be almost entirely self-sufficient in pork production means it will keep scooping up global grain supplies to feed the world’s largest pig herd. Most Read from BloombergOmicron May Double Risk of Getting Infected on Planes, IATA SaysOmicron Has 80% Lower Risk of Hospitalization in South AfricaThree Sinovac Doses Fail to Protect Against Omicron in StudySingapore's Travelers Face Omicron ChaosOmicron Hospitalization Risk Is Far Below Delt
After a blowout year, finance executives plan to go on rewarding their shareholders, and see little chance of a slower economy or a tax rise denting the momentum.
The leading warehouse club, Costco has 815 stores worldwide (at the end of fiscal 2021), with most sales derived in the United States (72%) and Canada (14%). It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment. Costco mainly caters to individual shoppers, but roughly 20% of paid members carry business memberships. Food and sundries accounted for 40% of fiscal 2021 sales, with non-food merchandise 29%, warehouse ancillary and other businesses (such as fuel and pharmacy) nearly 17%, and fresh food 14%. Costco’s warehouses average around 146,000 square feet; over 75% of its locations offer fuel. About 7% of Costco’s global sales come from e-commerce (excluding same-day grocery and various other services).