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Global Retinal Imaging Devices Market (COVID-19 After Effects) 2020 | Zeiss, Optomed, Kowa, Topcon, Optovue, Nikon (Optos)

Global Retinal Imaging Devices Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 new report published by MarketQuest.biz is a specialized and in-depth study of the industry released with trustworthy information and accurate forecasts. The report covers the present and past market scenarios, market development patterns, and is likely to proceed with a continuing development over the forecast period. The report estimates the market size and share, growth rate and revenue, in terms of demand and supply, cost structure, product type, key market players, regions, and applications. The report has conducted systematic secondary research to gather information about the global Retinal Imaging Devices market. Moreover, primary research has been operated to uphold the required assumptions and findings regarding individual businesses.

Market Analysis by Type, Application and Regions:

The report estimates Global Retinal Imaging Devices production, revenue, price by type segment, production, revenue, consumption by region segment, as well as consumption, consumption market share by application segment. The report investigates size and figures Retinal Imaging Devices by item, district, and application, and this report presents showcase rivalry circumstance among the merchant’s profile, plus, advertise value examination and esteem chain highlights.

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NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

The top leading players operating in the market: Zeiss, Optomed, Kowa, Topcon, Optovue, Nikon (Optos), Heidelberg Engineering, Nidek

By type, the global market has been segmented into: OCT, Fundus Camera

By application, the global market has been segmented into: Hospital, Eye Clinic, Other

Competition by Company:

The report gives the sales data of key players of the global Retinal Imaging Devices market as well as some useful information on their business. It talks about the gross margin, price, revenue, products, and their specifications, type, applications, competitors, manufacturing base, and the main business of key players operating in the global market.

The report provides a detailed study of the growth rate of every segment with the help of charts and tables. Furthermore, various regions related to the growth of the global Retinal Imaging Devices market are analyzed in the report. These regions include the North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa). Besides this, the research demonstrates the growth trends and upcoming opportunities in every region.

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Key Questions Answered In The Report:

  • What will be the market size in terms of value and volume in the next five years?
  • Which segment is currently leading the global Retinal Imaging Devices market?
  • In which region will the market find its highest growth?
  • Which players will take the lead in the market?
  • What are the key drivers and restraints of the market’s growth?

Our analysts keep a close eye on recent developments and follow the latest company news related to different players operating in the global Retinal Imaging Devices market. This helps us to deeply analyze companies as well as the competitive landscape. The all-inclusive analysis of the market is conducted by pursuing key product positioning and monitoring of leading competitors within the industry.

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Impact of COVID-19 on Retinal Imaging Devices Market From 2020-2025: Growth Analysis by Manufacturers like Optos, Topcon, Zeiss, Olympus, Nidek, etc

Retinal-Imaging-Devices-market

Note: Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Retinal Imaging Devices Market which would mention How the Covid-19 is Affecting the Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Key Regions and Proposal for Retinal Imaging Devices Market Players to battle Covid-19 Impact.

Overview of Retinal Imaging Devices Market 2020-2025:

The Retinal Imaging Devices Market report is compilation of intelligent, broad research studies that will help players and stakeholders to make informed business decisions in future. It offers detailed research and analysis of key aspects of the Retinal Imaging Devices market. Readers will be able to gain deeper understanding of the competitive landscape and its future scenarios, crucial dynamics, and leading segments of the global Retinal Imaging Devices market. Buyers of the report will have access to accurate PESTLE, SWOT and other types of analysis on the global Retinal Imaging Devices market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries. Players can use this study to explore untapped Retinal Imaging Devices markets to extend their reach and create sales opportunities.

The study encompasses profiles of major Companies/Manufacturers operating in the global Retinal Imaging Devices Market. Key players profiled in the report include: Optos, Topcon, Zeiss, Olympus, Nidek, Micro Medical Devices, ARDES S.P.A, Molecular Devices, Marsden, Charder, SECA and More…

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Segmental Analysis:
The report has classified the global Retinal Imaging Devices market into segments including product type and application. Every segment is evaluated based on share and growth rate. Besides, the analysts have studied the potential regions that may prove rewarding for the Retinal Imaging Devices manufcaturers in the coming years. The regional analysis includes reliable predictions on value and volume, there by helping market players to gain deep insights into the overall Retinal Imaging Devices industry.

Key Types:
Hand Held Retinal Imaging?
Others

Key End-Use:
Hospital
Eye Clinic
Home Care

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The authors of the report have analyzed both developing and developed regions considered for the research and analysis of the global Retinal Imaging Devices market. The regional analysis section of the report provides an extensive research study on different regional and country-wise Retinal Imaging Devices industry to help players plan effective expansion strategies.

Regions Covered in the Global Retinal Imaging Devices Market:
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

Years Considered to Estimate the Market Size:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2020-2025

Highlights of the Report:

  • Accurate market size and CAGR forecasts for the period 2019-2025.
  • Identification and in-depth assessment of growth opportunities in key segments and regions.
  • Detailed company profiling of top players of the global Retinal Imaging Devices market.
  • Exhaustive research on innovation and other trends of the global Retinal Imaging Devices market.
  • Reliable industry value chain and supply chain analysis.
  • Comprehensive analysis of important growth drivers, restraints, challenges, and growth prospects.

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Reasons to buy:

  • Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies.
  • Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage.
  • Classify potential new clients or partners in the target demographic.
  • Develop tactical initiatives by understanding the focus areas of leading companies.
  • Plan mergers and acquisitions meritoriously by identifying Top Manufacturer.
  • Formulate corrective measures for pipeline projects by understanding Retinal Imaging Devices pipeline depth.
  • Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope.
  • Report will be updated with the latest data and delivered to you within 2-4 working days of order.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Create regional and country strategies on the basis of local data and analysis.

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Retinal Imaging Devices Market Development, Trends, Key Driven Factors, Segmentation And Forecast to 2016-2028

A fresh market research study entitled global Retinal Imaging Devices Market explores several important facets related to the Retinal imaging devices market covering the industrial environment, segmentation analysis and competitive landscape. Realist market concepts are mentioned in this report in a simple and plain manner. A comprehensive and elaborate primary analysis report highlights numerous facts such as development factors, strategies for business enhancement, statistical growth, financial gain or loss to help readers and customers understand the global marketplace.

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The study covers the global market size of the Retinal imaging devices market for a period from 2019 to 2028. The global market report on Retinal imaging devices market also includes qualitative insights into the movement in the market. The study covered global market share of Retinal imaging devices market for various segments. The 2029 market trends for Retinal imaging devices market for different regions and countries are given in the study.

In the current and past years, the market has uncovered rapid development and will progress with continuing development in the years ahead. There is a section in the market report for the competitive landscape of the key players active on the global market. The section also covers the company’s profile, product specifications, capacity, and value of production, contact information, and company market shares. Important market players are:Centerveu, Epipole Ltd., Eyenuk Inc., Forus Health, NIDEK CO., LTD., Olympus, Optomed, Optos plc, Robert Bosch GmbH, Topcon Corporation

The global Retinal imaging devices market size is estimated at USD XX billion by 2028 driven by rising Retinal imaging devices market sales coupled with increasing advances in Retinal imaging devices market around the globe. The global Retinal imaging devices market sector has grown because of the large-scale urbanization resulting from the consumer’s rising living standards. That was a major contributing factor to the development of the global market for Retinal imaging devices market.

The report is an all-inclusive, professional study of the current state of the Retinal imaging devices market with a focus on the global Retinal imaging devices market. Overall, the study provides an in-depth overview of the global Retinal imaging devices market which covers all major parameters. The study provides important statistics on producers ‘ market status, and provides useful advice and guidance for companies and individuals interested in the industry. Research has been provided for leading growth status including development, segmentation, landscape analysis, product types, and applications.

With this report the readers get key insights like:

  • Gain insightful market analyzes and a comprehensive understanding of the global Retinal imaging devices market Market analysis and forecast 2019-2028 and its commercial landscape.
  • Learn about the market strategies your competitors and leading organizations are adopting.
  • Understand the future outlook and prospects for Retinal imaging devices market.

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Market Segmentation: 

By Type:
• Fundus Camera
• Optical Coherence Tomography
• Fluorescein Angiography
By End-User:
• Hospitals
• ASCs
• Ophthalmic Centers
• Others
By Region:
    • North America 
◦ North America, by Country
▪ US
▪ Canada
▪ Mexico
◦ North America, by Type
◦ North America, by End-User
   • Western Europe 
◦ Western Europe, by Country
▪ Germany
▪ UK
▪ France
▪ Italy
▪ Spain
▪ The Netherlands
▪ Rest of Western Europe
◦ Western Europe, by Type
◦ Western Europe, by End-User
    • Asia Pacific 
◦ Asia Pacific, by Country
▪ China
▪ India
▪ Japan
▪ South Korea
▪ Australia
▪ Indonesia
▪ Rest of Asia Pacific
◦ Asia Pacific, by Type
◦ Asia Pacific, by End-User
    • Eastern Europe 
◦ Eastern Europe, by Country
▪ Russia
▪ Turkey
▪ Rest of Eastern Europe
◦ Eastern Europe, by Type
◦ Eastern Europe, by End-User
    • Middle East 
◦ Middle East, by Country
▪ UAE
▪ Saudi Arabia
▪ Qatar
▪ Iran
▪ Rest of Middle East
◦ Middle East, by Type
◦ Middle East, by End-User
    • Rest of the World 
◦ Rest of the World, by Country
▪ South America
▪ Africa
◦ Rest of the World, by Type
◦ Rest of the World, by End-User

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Retinal Imaging Devices Market Size Expected CAGR of 5.8% Revenue to Cross USD 1257.6 million in 2020 to 2025 | With Impact of domestic and global market Top players, Industry Demand, Share, Trend, Industry News, Business Growth, Business Statistics and Research Methodology by Forecast

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Retinal Imaging Devices Market Overview, The global Retinal Imaging Devices market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 5.8% in the forecast period of 2020 to 2025 and will expected to reach USD 1257.6 million by 2025, from USD 1002.3 million in 2019


The Retinal Imaging Devices market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations


with growth trends, various stakeholders like investors, CEOs, traders, suppliers, Research & media, Global Manager, Director, President, SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization and others.

Get a sample copy of the Retinal Imaging Devices market report 2020

Competitive Landscape and Retinal Imaging DevicesMarket Share Analysis
Retinal Imaging Devices competitive landscape provides details by vendors, including company overview, company total Earnings (financials), market potential, global presence, Retinal Imaging Devicessales and Earnings generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Retinal Imaging Devicessales, Earnings and market share for each player covered in this report.

Retinal Imaging Devices Market competition by Top Countries manufacturers/ Key player Data Profiled:

  • Zeiss
  • Optomed
  • Kowa
  • Topcon
  • Optovue
  • Nikon (Optos)
  • Heidelberg Engineering
  • Nidek

    And More……

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    Market segmentation

    Retinal Imaging Devices Market is split by Type and by Application. For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

    Retinal Imaging Devices Market Segment by Type covers:

  • OCT
  • Fundus Camera
  • etc.

    Retinal Imaging Devices Market Segment by Applications can be divided into:

  • Hospital
  • Eye Clinic
  • Other

    Scope of the Retinal Imaging Devices Market Report:

    This report focuses on the Retinal Imaging Devices in global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.

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     Regional analysis covers:

    1. North America (USA, Canada and Mexico)
    2. Europe (Germany, France, UK, Russia and Italy)
    3. Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
    4. South America (Brazil, Argentina, Columbia etc.)
    5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

    The report provides an in-depth knowledge of the Global Retinal Imaging Devices market scenario:

    • Market Overview
    • Market Analysis by Regions
    • Market Dynamics & Companies Profiles, Business Overview
    • Data Source
    • Research Findings and Conclusion
    • Market trends & developments
    • Company profiles of leading companies

    Other Major Topics Covered in Retinal Imaging Devices market research report are as follows:

    • Marketing Strategy Analysis, Distributors/Traders included in Retinal Imaging Devices Industry:
    • Market Effect Factors Analysis
    • Industrial Chain, Sourcing Strategy and Downstream Buyers in Retinal Imaging Devices Market
    • Manufacturing Expenses
    • Market Drivers and Opportunities
    • Market Size (Value and Volume) analysis of Retinal Imaging Devices Industry
    • Conclusion of the Retinal Imaging Devices Industry.
    • New Project Investment Feasibility Analysis of Retinal Imaging Devices.
    • Marketing Trader or Distributor Analysis of Retinal Imaging Devices

    And another component ….

     

    The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Retinal Imaging Devices market in 2025 is also explained. Additionally, type wise and application wise consumption tables and figures of Retinal Imaging Devices market are also given.

    Buy this report (Price USD 3480 for a single-user license) 

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    Retinal Imaging Devices Industry 2020 Global Market Size, Share, Growth, Trends, Cost Structure, Including Statista Comprehensive Data And 2028 Forecast Analysis

    Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Retinal Imaging Devices market.

    Trusted Business Insights presents an updated and Latest Study on Retinal Imaging Devices Market 2019-2026. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Retinal Imaging Devices market during the forecast period (2019-2029).
    It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

    Get Sample Copy of this Report @ Retinal Imaging Devices Market Size & Trends, Market Research and Industry Forecast Report, 2026 (Includes Business Impact of COVID-19)

    Industry Insights, Market Size, CAGR, High-Level Analysis: Retinal Imaging Devices Market

    The global retinal imaging devices market size was valued at USD 4.3 billion in 2018 and is projected to expand at a CAGR of 6.7% by 2026. The growing prevalence of ophthalmic disorders and increasing demand for early diagnostic measures are the factors expected to drive the overall market growth. For instance, in 2017, 34 million people in the European Union suffered from age-related macular degeneration (AMD); this patient pool is expected to grow approximately by 25% until 2050.
    Major market players are frequently launching advanced retinal imaging solutions. For instance, in May 2018, Optos launched Monaco, an ultra-wide field imaging device in combination with OCT in the U.S. The incorporation of OCT in this device has enabled practitioners to diagnose and treat retinal pathology at higher success rate. Integration of imaging modalities with artificial intelligence and the development of portable devices is expected to have a positive impact on the market growth during the forecast period.

    Acute competition and increasing volume of strategic initiatives among major as well as smaller market players are some of the major factors playing a significant role in market boost during the forecast period. Strategic initiatives adopted by the top level of the competition pyramid include mergers and acquisition. On the other hand middle and lower levels of the pyramid focus on technological development and regional expansion. For instance, in 2018, Optos and Amydis announced a clinical alliance. This alliance is focused on development of eye test by Amydis for the detection of Alzheimer’s disease. Amydis is frequently developing a pipeline of compounds for the detection of amyloid proteins in the retina using Optos’ optomap ultra-widefield retinal imaging devices.
    In May 2017, Medical technology business group of ZEISS has released new technologies called Swept-Source OCT and OCT Angiography technology at ARVO (Association for Research in Vision and Ophthalmology) 2017 Annual Meeting. These technologies were developed using ZEISS Open Innovation approach with Advanced Retina Imaging (ARI) Network. Such strategic initiatives are expected to rise with increasing demand for advanced retinal imaging solutions
    On the other hand, factors such as high cost of advanced retinal imaging devices including fundus camera and OCT is expected to impede the market growth in low income countries. Moreover, lack of skilled medical professionals is expected to have a mild impeding impact on demand for these devices in upcoming years.

    Type Insights of Retinal Imaging Devices Market

    Based on type, the retinal imaging devices market is segmented into fundus camera, OCT, and fluorescein angiography. Fundus camera held the largest market share in 2018 largely due to advantages associated with this device such as portability and ergonomics. Moreover, the growing number of installations of fundus cameras with increasing number of ophthalmic clinics and ambulatory eye care centers is expected to drive the market growth.
    Growing awareness and training programs in the field for ophthalmology is resulting into the adoption of advanced and sophisticated imaging devices. OCT segment is anticipated to grow at fastest growth rate during the forecast period. This growth is attributable to its effectiveness and accuracy in diagnosis. OCT device helps understand the pathogenesis of disease, thus leading to the development of customized therapies. In addition, advancements in communication technology including fiber optics & cloud storage facilities along with expanding applications of OCT in clinical studies are the factors expected to fuel the segment growth in upcoming years.
    Fluorescein Angiography is also expected to exhibit significant pace during the forecast period. This modality has main application in detection of macular degeneration and diabetic retinopathy conditions. Growing prevalence of diabetic retinopathy and increasing demand for early detection solutions are the factors expected to contribute towards the segment growth. For instance, as per World Health Organization (WHO), 31.7 million people were affected by diabetic retinopathy in 2000. This number is expected to reach 79.4 million in 2030, boosting demand for advanced diagnostic and therapeutic solutions.
    End-use insights
    Base on end-use, the retinal imaging devices market is segmented into hospitals, ophthalmic centers, ambulatory surgery centers (ASCs), and others. Hospitals held largest market share in 2018. High adoption of advanced retinal imaging devices in hospitals is expected to drive the segment growth. Moreover, large-sized hospitals are deploying advanced retinal imaging devices to enhance early diagnosis of ophthalmic disorders. For instance, a hospitals in Guangdong, China is continuously deploying AI cameras for the detection of blindness-causing diseases. Therefore, such deployment of AI cameras for free consultations is expected to contribute towards the adoption of retinal imaging devices.
    The ophthalmic centers segment is expected to grow at a significant growth rate during the forecast period. Increasing prevalence of eye related disorders and availability of affordable eye care are the factors resulting into the demand growth for small ophthalmic clinics. This in turn is creating opportunities for ophthalmic professionals to offer customized services. Rising competition in ophthalmic clinics is expected to boost the demand for advanced portable retinal imaging devices. Some of the ophthalmic centers using state of the art devices include Henry Ford Health System Ophthalmic Imaging Center, Shroff Eye Centre, and UC Davis Health System Eye Center’s Ophthalmic Imaging Center.

    Ambulatory surgery centers (ASCs) is expected to grow at the fastest growth rate during the forecast period. This lucrative growth rate is associated with the major advances in microincisional vitreoretinal surgery, as well as favorable changes in the ASC reimbursement system. For instance, Medicare provides significant reimbursement framework for vitreoretinal surgery in the ASC. Since 2010, as per the advancement in the policies, ASC facility receive annual cost-of-living adjustments based on Consumer Price Index. This is expected to have a direct positive impact on the segment growth.

    Regional Insights of Retinal Imaging Devices Market

    North America held 26.1% of the total region-wise retinal imaging devices market in 2018. High prevalence of ophthalmic disorders, High adoption rate of advanced technology, and presence of a large number of global players in the market are the factors contributing to the largest market share. In May 2018, Optos launched Monaco, an ultra-widefield combination imaging device in the US.
    Europe accounted for the second largest share in the retinal imaging devices industry. Global players in the market are strengthening their position by expanding their eye care portfolio in this region. For instance, Canon has expanded its eye care products such as digital retinal imaging systems, optical coherence tomography systems, fully automatic Ref-Keratometers, and Tonometers via its subsidiary Canon Medical Systems Europe B.V.
    Asia Pacific is expected to grow at fastest rate during the forecast period. Introduction of global healthcare facilities in the region along with growing awareness of retinal imaging in countries such as India, China, and Thailand are the factors expected to drive the regional market. In addition, increasing prevalence of diabetes in India is expected to boost the segment growth. As per the International Diabetes Federation, 66.8 million cases of diabetes were recorded in India in 2014 which is expected to reach 123 million by 2035. A steep rise in the number of strategic initiatives by market players can be seen to cater growing demand for advanced eye care solutions. For instance, Bosch partnered with hospital chain Aravind Eye Care to train women technicians regarding capturing eye images via Bosch Fundus Camera. This is expected to have a direct impact on demand.

    Market Share Insights of Retinal Imaging Devices Market

    The leading players include Optos plc, Optomed, Epipole Ltd., Topcon Corporation, ZEISS International, Olympus, NIDEK CO., LTD., Robert Bosch GmbH, Eyenuk Inc., Centerveu, and Forus Health.
    Presence of large number of player both at global and regional level is making the market fragmented. These players are forming strategic alliances in the form of acquisitions, mergers, and distribution agreements to enhance their reach in retinal imaging devices. Moreover, these players are launching products frequently with advanced technologies incorporated.

    p2 Segments covered in the report
    This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, this market research report has segmented the global retinal imaging devices market report on the basis of type, end-use, and region:

    Type Outlook (Revenue, USD Million, 2019 – 2030)

    Fundus Camera

    Optical Coherence Tomography

    Fluorescein Angiography

    End-use Outlook (Revenue, USD Million; 2019 – 2030)

    Hospitals

    ASCs

    Ophthalmic Centers

    Others

     

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    Retinal Imaging Devices Industry 2020 Global Market Size, Share, Growth, Trends, Cost Structure, Including Statista Comprehensive Data And 2028 Forecast Analysis

    Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Retinal Imaging Devices market.

    Trusted Business Insights presents an updated and Latest Study on Retinal Imaging Devices Market 2019-2026. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Retinal Imaging Devices market during the forecast period (2019-2029).
    It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.

    Get Sample Copy of this Report @ Retinal Imaging Devices Market Size & Trends, Market Research and Industry Forecast Report, 2026 (Includes Business Impact of COVID-19)

    Industry Insights, Market Size, CAGR, High-Level Analysis: Retinal Imaging Devices Market

    The global retinal imaging devices market size was valued at USD 4.3 billion in 2018 and is projected to expand at a CAGR of 6.7% by 2026. The growing prevalence of ophthalmic disorders and increasing demand for early diagnostic measures are the factors expected to drive the overall market growth. For instance, in 2017, 34 million people in the European Union suffered from age-related macular degeneration (AMD); this patient pool is expected to grow approximately by 25% until 2050.
    Major market players are frequently launching advanced retinal imaging solutions. For instance, in May 2018, Optos launched Monaco, an ultra-wide field imaging device in combination with OCT in the U.S. The incorporation of OCT in this device has enabled practitioners to diagnose and treat retinal pathology at higher success rate. Integration of imaging modalities with artificial intelligence and the development of portable devices is expected to have a positive impact on the market growth during the forecast period.

    Acute competition and increasing volume of strategic initiatives among major as well as smaller market players are some of the major factors playing a significant role in market boost during the forecast period. Strategic initiatives adopted by the top level of the competition pyramid include mergers and acquisition. On the other hand middle and lower levels of the pyramid focus on technological development and regional expansion. For instance, in 2018, Optos and Amydis announced a clinical alliance. This alliance is focused on development of eye test by Amydis for the detection of Alzheimer’s disease. Amydis is frequently developing a pipeline of compounds for the detection of amyloid proteins in the retina using Optos’ optomap ultra-widefield retinal imaging devices.
    In May 2017, Medical technology business group of ZEISS has released new technologies called Swept-Source OCT and OCT Angiography technology at ARVO (Association for Research in Vision and Ophthalmology) 2017 Annual Meeting. These technologies were developed using ZEISS Open Innovation approach with Advanced Retina Imaging (ARI) Network. Such strategic initiatives are expected to rise with increasing demand for advanced retinal imaging solutions
    On the other hand, factors such as high cost of advanced retinal imaging devices including fundus camera and OCT is expected to impede the market growth in low income countries. Moreover, lack of skilled medical professionals is expected to have a mild impeding impact on demand for these devices in upcoming years.

    Type Insights of Retinal Imaging Devices Market

    Based on type, the retinal imaging devices market is segmented into fundus camera, OCT, and fluorescein angiography. Fundus camera held the largest market share in 2018 largely due to advantages associated with this device such as portability and ergonomics. Moreover, the growing number of installations of fundus cameras with increasing number of ophthalmic clinics and ambulatory eye care centers is expected to drive the market growth.
    Growing awareness and training programs in the field for ophthalmology is resulting into the adoption of advanced and sophisticated imaging devices. OCT segment is anticipated to grow at fastest growth rate during the forecast period. This growth is attributable to its effectiveness and accuracy in diagnosis. OCT device helps understand the pathogenesis of disease, thus leading to the development of customized therapies. In addition, advancements in communication technology including fiber optics & cloud storage facilities along with expanding applications of OCT in clinical studies are the factors expected to fuel the segment growth in upcoming years.
    Fluorescein Angiography is also expected to exhibit significant pace during the forecast period. This modality has main application in detection of macular degeneration and diabetic retinopathy conditions. Growing prevalence of diabetic retinopathy and increasing demand for early detection solutions are the factors expected to contribute towards the segment growth. For instance, as per World Health Organization (WHO), 31.7 million people were affected by diabetic retinopathy in 2000. This number is expected to reach 79.4 million in 2030, boosting demand for advanced diagnostic and therapeutic solutions.
    End-use insights
    Base on end-use, the retinal imaging devices market is segmented into hospitals, ophthalmic centers, ambulatory surgery centers (ASCs), and others. Hospitals held largest market share in 2018. High adoption of advanced retinal imaging devices in hospitals is expected to drive the segment growth. Moreover, large-sized hospitals are deploying advanced retinal imaging devices to enhance early diagnosis of ophthalmic disorders. For instance, a hospitals in Guangdong, China is continuously deploying AI cameras for the detection of blindness-causing diseases. Therefore, such deployment of AI cameras for free consultations is expected to contribute towards the adoption of retinal imaging devices.
    The ophthalmic centers segment is expected to grow at a significant growth rate during the forecast period. Increasing prevalence of eye related disorders and availability of affordable eye care are the factors resulting into the demand growth for small ophthalmic clinics. This in turn is creating opportunities for ophthalmic professionals to offer customized services. Rising competition in ophthalmic clinics is expected to boost the demand for advanced portable retinal imaging devices. Some of the ophthalmic centers using state of the art devices include Henry Ford Health System Ophthalmic Imaging Center, Shroff Eye Centre, and UC Davis Health System Eye Center’s Ophthalmic Imaging Center.

    Ambulatory surgery centers (ASCs) is expected to grow at the fastest growth rate during the forecast period. This lucrative growth rate is associated with the major advances in microincisional vitreoretinal surgery, as well as favorable changes in the ASC reimbursement system. For instance, Medicare provides significant reimbursement framework for vitreoretinal surgery in the ASC. Since 2010, as per the advancement in the policies, ASC facility receive annual cost-of-living adjustments based on Consumer Price Index. This is expected to have a direct positive impact on the segment growth.

    Regional Insights of Retinal Imaging Devices Market

    North America held 26.1% of the total region-wise retinal imaging devices market in 2018. High prevalence of ophthalmic disorders, High adoption rate of advanced technology, and presence of a large number of global players in the market are the factors contributing to the largest market share. In May 2018, Optos launched Monaco, an ultra-widefield combination imaging device in the US.
    Europe accounted for the second largest share in the retinal imaging devices industry. Global players in the market are strengthening their position by expanding their eye care portfolio in this region. For instance, Canon has expanded its eye care products such as digital retinal imaging systems, optical coherence tomography systems, fully automatic Ref-Keratometers, and Tonometers via its subsidiary Canon Medical Systems Europe B.V.
    Asia Pacific is expected to grow at fastest rate during the forecast period. Introduction of global healthcare facilities in the region along with growing awareness of retinal imaging in countries such as India, China, and Thailand are the factors expected to drive the regional market. In addition, increasing prevalence of diabetes in India is expected to boost the segment growth. As per the International Diabetes Federation, 66.8 million cases of diabetes were recorded in India in 2014 which is expected to reach 123 million by 2035. A steep rise in the number of strategic initiatives by market players can be seen to cater growing demand for advanced eye care solutions. For instance, Bosch partnered with hospital chain Aravind Eye Care to train women technicians regarding capturing eye images via Bosch Fundus Camera. This is expected to have a direct impact on demand.

    Market Share Insights of Retinal Imaging Devices Market

    The leading players include Optos plc, Optomed, Epipole Ltd., Topcon Corporation, ZEISS International, Olympus, NIDEK CO., LTD., Robert Bosch GmbH, Eyenuk Inc., Centerveu, and Forus Health.
    Presence of large number of player both at global and regional level is making the market fragmented. These players are forming strategic alliances in the form of acquisitions, mergers, and distribution agreements to enhance their reach in retinal imaging devices. Moreover, these players are launching products frequently with advanced technologies incorporated.

    p2 Segments covered in the report
    This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, this market research report has segmented the global retinal imaging devices market report on the basis of type, end-use, and region:

    Type Outlook (Revenue, USD Million, 2019 – 2030)

    Fundus Camera

    Optical Coherence Tomography

    Fluorescein Angiography

    End-use Outlook (Revenue, USD Million; 2019 – 2030)

    Hospitals

    ASCs

    Ophthalmic Centers

    Others

     

    Quick Read Table of Contents of this Report @ Retinal Imaging Devices Market Size & Trends, Market Research and Industry Forecast Report, 2026 (Includes Business Impact of COVID-19)

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    Retinal Imaging Devices Market 2020 Outlook Witnessing Enormous Growth with Recent Trends & Demand

    Overview Of Retinal Imaging Devices Industry 2020-2025:

    This has brought along several changes in This report also covers the impact of COVID-19 on the global market.

    The Retinal Imaging Devices Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions. Research summarizes important details related to market share, market size, applications, statistics and sales. In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim.

    Retinal Imaging Devices Market competition by top manufacturers as follow: , Optos, Topcon, Zeiss, Olympus, Nidek, Micro Medical Devices, ARDES S.P.A, Molecular Devices, Marsden, Charder, SECA,

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    The global Retinal Imaging Devices market has been segmented on the basis of technology, product type, application, distribution channel, end-user, and industry vertical, along with the geography, delivering valuable insights.

    The Type Coverage in the Market are: , Hand Held Retinal Imaging?, Others,

    Market Segment by Applications, covers: , Hospital, Eye Clinic, Home Care,

    Market segment by Regions/Countries, this report covers
    North America
    Europe
    China
    Rest of Asia Pacific
    Central & South America
    Middle East & Africa

    Major factors covered in the report:

    • Global Retinal Imaging Devices Market summary
    • Economic Impact on the Industry
    • Market Competition in terms of Manufacturers
    • Production, Revenue (Value) by geographical segmentation
    • Production, Revenue (Value), Price Trend by Type
    • Market Analysis by Application
    • Cost Investigation
    • Industrial Chain, Raw material sourcing strategy and Downstream Buyers
    • Marketing Strategy comprehension, Distributors and Traders
    • Study on Market Research Factors
    • Global Retinal Imaging Devices Market Forecast

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    The analysis objectives of the report are:

    • To know the Global Retinal Imaging Devices Market size by pinpointing its sub-segments.
    • To study the important players and analyse their growth plans.
    • To analyse the amount and value of the Global Retinal Imaging DevicesMarket, depending on key regions
    • To analyse the Global Retinal Imaging Devices Market concerning growth trends, prospects and also their participation in the entire sector.
    • To examine the Global Retinal Imaging Devices Market size (volume & value) from the company, essential regions/countries, products and application, background information.
    • Primary worldwide Global Retinal Imaging Devices Market manufacturing companies, to specify, clarify and analyse the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for future.
    • To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.

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    Retinal Imaging Devices Market Analysis And Demand With Forecast Overview To 2028

    A fresh market research study entitled global Retinal Imaging Devices Market explores several important facets related to the Retinal imaging devices market covering the industrial environment, segmentation analysis and competitive landscape. Realist market concepts are mentioned in this report in a simple and plain manner. A comprehensive and elaborate primary analysis report highlights numerous facts such as development factors, strategies for business enhancement, statistical growth, financial gain or loss to help readers and customers understand the global marketplace.

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    Market Segmentation: 

    By Type:
    • Fundus Camera
    • Optical Coherence Tomography
    • Fluorescein Angiography
    By End-User:
    • Hospitals
    • ASCs
    • Ophthalmic Centers
    • Others
    By Region:
        • North America 
    ◦ North America, by Country
    ▪ US
    ▪ Canada
    ▪ Mexico
    ◦ North America, by Type
    ◦ North America, by End-User
       • Western Europe 
    ◦ Western Europe, by Country
    ▪ Germany
    ▪ UK
    ▪ France
    ▪ Italy
    ▪ Spain
    ▪ The Netherlands
    ▪ Rest of Western Europe
    ◦ Western Europe, by Type
    ◦ Western Europe, by End-User
        • Asia Pacific 
    ◦ Asia Pacific, by Country
    ▪ China
    ▪ India
    ▪ Japan
    ▪ South Korea
    ▪ Australia
    ▪ Indonesia
    ▪ Rest of Asia Pacific
    ◦ Asia Pacific, by Type
    ◦ Asia Pacific, by End-User
        • Eastern Europe 
    ◦ Eastern Europe, by Country
    ▪ Russia
    ▪ Turkey
    ▪ Rest of Eastern Europe
    ◦ Eastern Europe, by Type
    ◦ Eastern Europe, by End-User
        • Middle East 
    ◦ Middle East, by Country
    ▪ UAE
    ▪ Saudi Arabia
    ▪ Qatar
    ▪ Iran
    ▪ Rest of Middle East
    ◦ Middle East, by Type
    ◦ Middle East, by End-User
        • Rest of the World 
    ◦ Rest of the World, by Country
    ▪ South America
    ▪ Africa
    ◦ Rest of the World, by Type
    ◦ Rest of the World, by End-User

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