PRESS RELEASE
Published January 31, 2023
The ophthalmic imaging equipment market is an ever-evolving field as it provides doctors with the latest and most advanced technology to diagnose and treat eye conditions. These devices can be used to measure vision, detect pathologies, and provide detailed images of the eyes. With such a wide range of applications, this market is expected to grow significantly in the near future.
Ophthalmic imaging equipment includes both traditional optical devices such as ophthalmoscopes and retinoscopes, as well as newer digital gear like fundus cameras plus OCT scanners. The former are still widely used by practitioners while the latter are becoming more popular due to their accuracy and convenience.
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The global ophthalmic image resolution equipment market was valued at US$ 1. 8 Bn in 2019, and is expected in order to witness a CAGR of around 5% over the forecast period (2020 – 2030).
Key Takeaways from Ophthalmic Image resolution Equipment Marketplace Study
- General eye examination products occupied nearly 45% from the market value share in 2019, owing to increasing prevalence associated with refractive error and age-related macular degeneration.
- Retinal ultrasound imaging systems, phoropters, plus acuity techniques accounted for around half of the particular market value share of general vision examination products.
- Hospitals hold a major share within the global ophthalmic imaging equipment marketplace, with growing installation associated with ophthalmic image resolution equipment this kind of as optical coherence tomography (OCT), retinal ultrasound imaging systems, and corneal topography systems.
- North America holds the prominent revenue share in the ophthalmic image resolution equipment market, due to growing prevalence of glaucoma and diabetic retinopathy in the region. The market within East Asia is expected to expand at the highest growth rate, owing to rising healthcare expenditure in the particular region.
“Growing demand for advanced optical imaging tools, improving number of image-guided surgeries, and introduction of new products are some associated with the factors expected in order to favor the growth of the ophthalmic imaging products market on the coming years, ” says a PMR analyst.
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Acquisitions & Partnerships – Key Strategies of Leading Ophthalmic Imaging Gear Manufacturers
Ophthalmic image resolution equipment manufacturers are focusing on product portfolio expansion through acquisition plus merger activities. For instance, in April 2020, Haag-Streit announced the particular merger associated with VRmagic along with the Haag-Streit Group. In 2018, Haag-Streit Diagnostics and VRmagic co-developed a digital microscope head for the Slit Lamp Simulator and Eyesi, an eye surgical simulator.
Moreover, key ophthalmic imaging tools market players are focusing on geographical expansion via partnerships with distributor plus regional players. For example, in September 2019, Essilor Instruments and OptiMed announced a new strategic partnership to provide diagnostic, refraction, plus finishing solutions across Australia and New Zealand.
More Valuable Insights on Ophthalmic Imaging Equipment Market
Persistence Market Research offers an unique perspective and actionable insights on the ophthalmic imaging equipment marketplace in its latest study, presenting historical demand assessment of 2015–2019 and projections for 2020–2030, on the basis of product type (retina and glaucoma examination items optical coherence tomography (OCT), ophthalmoscopes, perimeters, fundus cameras, general eye exam products retinal ultrasound imaging systems, auto refractors & keratometers, slit lamps, tonometers, lensometers, phoropters, projectors, acuity systems, cornea and cataract evaluation products corneal topography systems, optical biometry devices, wavefront aberrometers, specular microscopy, ophthalmic examination chairs, plus ophthalmic exam stands), and end user (hospitals, ophthalmology clinics, optometry treatment centers, ambulatory medical centers, plus optical shops), across seven major regions.
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Key Segments of Ophthalmic Imaging Products Marketplace
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