September 09, 2022 04:13 ET | Source: Research and Markets Research and Markets
Dublin, Sept. 09, 2022 (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 use of an appropriate retinal camera is essential for ophthalmologists for accurate diagnosis and treatment of various eye-related diseases. Fundus camera refers to an ophthalmic imaging device, which combines a high resolution camera with a low power microscope. Fundus cameras are typically used in applications such as fundus imaging, fluorescein angiography, paired optic disk images and external photograph. Fundus cameras are widely used in screening and diagnosis of various types of retinal disorders including diabetic retinopathy, retinal detachment, glaucoma and age-related macular degeneration.
A non-mydriatic fundus camera uses the reflective properties of the retina to provide details and also store images. The results achieved from non-mydriatic fundus camera are superior compared to other tools like slit lamps, and do not need pupil dilation in most cases.
The camera helps in early detection and monitoring of various types of eye disorders including macular degeneration, diabetic retinopathy and glaucoma. The camera can be easily operated and requires minimal training for the operator. The benefits of the camera including a wider angle of targeted area and availability of different filter choices for image enhancement purposes. On the other hand, non-mydriatic fundus cameras do not provide stereoscopic ability, and do not detect abnormalities outside the viewing field. Amid the COVID-19 crisis, the global market for Nonmydriatic Handheld Fundus Cameras estimated at US$138.8 Million in the year 2022, 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. The U.S. Market is Estimated at $41.9 Million in 2022, 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$41.9 Million in the year 2022. The country currently accounts for a 30.01% share in the global market. China, the world's 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. Select Competitors (Total 36 Featured):
Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW
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