July 5th, 2021 Coherent Market Insights Releases
SEATTLE, July 05, 2021, (MEDGADGET) — Ophthalmic ultrasound imaging system, also called ocular echography, is non-invasive visualization technique, which is more convenient and relatively inexpensive as compared to other techniques such as optical coherence tomography (OCT), magnetic resonance imaging (MRI), and scanning Scheimpflug. Ophthalmic ultrasound imaging systems allow imaging of anatomy and pathology involving the anterior and posterior segment of the eye. This system provides diagnostic information in conditions such as glaucoma, trauma, cysts, and neoplasms. It can also be used for measurement of length of cornea and other information before superiors such as cataract surgery is performed. There are various types of imaging systems such as A scan (for measurement of axial length), B-scan (for anterior and posterior segment visualization), Pachymeter, and Ultrasound Bio microscope. Typical instrument use frequency of sound in between 10- 50 MHz, which gives clearer images with higher frequency and lower wavelength. In the ophthalmic ultrasound imaging systems, there is a transducer probe placed in a medium, which generates waves of specific frequency and these waves strikes interior structures in the eye. These waves received by transducer and resulting voltages are then amplified and processed to form images. Depending upon the condition such as angle-closure glaucoma, ciliary body cysts, neoplasms, and angle trauma, different types of modalities are used.
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Growing prevalence of various eye disease such as uncorrected refractive errors, glaucoma, cataract, ciliary body cysts, neoplasms, and angle trauma are expected to drive growth of the global ophthalmic ultrasound imaging systems market during the forecast period. According to 2017 factsheet by World Health Organization (WHO), around 253 million people across the globe suffered from vision impairment and 36 million are blind and 217 million have moderate to severe vision impairment. Chronic eye diseases, which includes uncorrected refractive errors, un-operated cataract, age related macular degeneration, and glaucoma are main causes of vision loss. This is observed in low- and middle-income countries. According to a study published in the Journal Ophthalmology (2014), around 64.3 million people (aged 40-80 years) in 2013 were affected with glaucoma, which would increase to 76.0 million in 2020 and 111.8 million in 2040. This is expected to aid in growth of the ophthalmic ultrasound imaging systems market. According to population Prospect Report in 2017, the geriatric population (aged 60 years and above) is expected to increase from 900 million in 2017 to 2.1 billion by 2050. Therefore, increasing demand for imaging products worldwide is expected demand for such imaging products is expected to increase significantly.
Key players in the market are involved in development of advanced imaging systems for application in intraocular measurement and anterior segment examination, which is expected to drive growth of the global ophthalmic ultrasound imaging systems market during the forecast period. For instance, Quantel Medical, in October 2017, launched next-generation compact touch ophthalmic ultrasound system, which is a 3-in-1 system that combines A scan, B scan, and pachymeter thereby, allows multiple functions. Furthermore, factors such as overall socioeconomic development (better disposable income) in middle income countries China and India, for instance according OECD report China has increased its healthcare spending from 1.3% in 2010 to more than 3.5% in 2016. Moreover, growing practice initiatives by governments, increased availability of eye care services, and increased awareness of the general population related to eye health is expected to further aid in growth of the global ophthalmic ultrasound imaging systems market.
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However, increasing advancement and adoption of alternate diagnostic tools is expected restrain growth of the global ophthalmic ultrasound imaging systems market in the near future. Ophthalmic surgeons and practitioner prefer optical biometry devices that utilize partial coherence interferometry. Unlike ophthalmic ultrasound imaging systems, which requires significant training for the examiner, in order to avoid errors in handling, optical biometry devices (IOL Master 500 and IOL Master 700 from Carl Zeiss Meditech) are convenient and easy to handle, due to automation and it is proved to be more precise.
Key Developments in Global Ophthalmic Ultrasound Imaging Systems Market
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On the basis of regions, ophthalmic ultrasound imaging systems market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Among regions, North America is expected to hold dominant position in the global ophthalmic ultrasound imaging systems market during the forecast period. This is owing to robust healthcare infrastructure and high expenditure on healthcare. According to study published by American Academy of Ophthalmology in 2014, each year 2 million people undergoes cataract surgery in the U.S., 50 million in projected to suffer from cataract in 2050. Mean age to undergo cataract surgeries also falling from 70 to 50 and above. Ocular trauma is also largely observed due to firearms and related injuries. According to data given by Glaucoma Research Foundation, around 3 million people in the U.S. have glaucoma, however, only half of those know they have it. Europe would be another lucrative ophthalmic ultrasound imaging systems market, due to high presence geriatric population (25 million) in the region. Furthermore, Asia Pacific is expected to witness significant growth during the forecast period, owing to highest cases of uncorrected refractive errors and glaucoma, worldwide would be potentially attractive ophthalmic ultrasound imaging systems market in the near future.
Key companies in the market are focused on various growth strategies such as product launches, which could cater different needs in single devices utilizing A scan, B scan and pachymeter. For instance, Quantel Medical, in October 2017, introduced next-generation compact touch ophthalmic ultrasound systems, which has probe for A scan, B scan, and pachymeter thereby allows multiple functions. Ellex Medical Lasers Limited, in 2016, launched its portable ultrasound platform Eye One, which is more convenient due to less size and has 40% low weight than conventional platform.
Key players operating in the global ophthalmic ultrasound imaging systems market are Sonomed Escalon, Quantel Medical, Carl Zeiss Meditech AG, Ellex Medical Lasers Ltd., DGH Technology, Inc., NIDEK CO., LTD., MEDA Co., Ltd, Halma plc, Micro Medical Devices, Inc., Optos plc, and Sonogage, Inc.
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Global Ophthalmic Ultrasound Imaging Systems Market Taxonomy
On the basis of modality
On the basis of design
On the basis of end-user
Global Ophthalmic Ultrasound Imaging Systems Market Research Report Section 1: Global Ophthalmic Ultrasound Imaging Systems Industry Overview Section 2: Global Economic Impact on Ophthalmic Ultrasound Imaging Systems Industry Section 3: Global Market Competition by Industry Producers Section 4: Global Productions, Revenue (Value), according to Regions Section 5: Global Supplies (Production), Consumption, Export, Import, geographically Section 6: Global Productions, Revenue (Value), Price Trend, Product Type Section 7: Global Market Analysis, on the basis of Application Section 8: Ophthalmic Ultrasound Imaging Systems Market Pricing Analysis Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers Section 10: Strategies and key policies by Distributors/Suppliers/Traders Section 11: Key Marketing Strategy Analysis, by Market Vendors Section 12: Market Effect Factors Analysis Section 13: Global Ophthalmic Ultrasound Imaging Systems Market Forecast
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