Retinal Imaging Devices Market, By Type (Optical Coherence Tomography, Fundus Camera, Fluorescein Angiography), By End-use Outlook, (Hospitals, Ambulatory surgery centers ASCs, Ophthalmic Centres, Others), By Region - Global Analysis Forecast Till 2030

The Global Retinal Imaging Devices market was worth USD 7.3 billion in 2021, and it is expected to grow at a CAGR of 10.1% by 2030.

Retinal imaging creates a digital image of the back of the eye, which aids in understanding the retina, optic nerve, blood vessels, and overall eye health. It also allows the ophthalmologist to get a much broader digital view of the retina, improving the eye examination's precision. In addition, many common eye diseases, including age-related macular degeneration (AMD), diabetic retinopathy, and glaucoma, necessitate a precise and non-invasive eye exam.

Market Dynamics

Drivers:

With the increasing prevalence of ophthalmic disorders and the increasing demand for early diagnostic measures, the market is seeing significant growth in the need for less invasive and accurate treatments based on retinal imaging data. To meet demand, the number of ophthalmic clinics and optometric centers is growing, as is awareness of retinal imaging in countries such as India, China, and Thailand.

Several retinal imaging devices market participants have already implemented various growth strategies, such as mergers and acquisitions, to expand their business operations in these regions. In addition, advancing technology will significantly reduce the cost of diagnosing retinal diseases while providing precise, accurate, and high-resolution imaging.

Restraints:

Inadequate public awareness of eye disorders, a scarcity of skilled medical professionals, and the high cost of advanced retinal imaging devices such as fundus cameras and OCT are expected to stymie market growth in low-income countries. Furthermore, the underdeveloped healthcare industry and lack of technological advancements are expected to stymie retinal imaging devices market growth in Latin America, the Middle East, and Africa.

Key players:

• Optos plc;

• Optomed;

• Epipole Ltd.;

• Topcon Corporation;

• ZEISS International;

• Olympus;

• NIDEK CO., LTD.;

• Robert Bosch GmbH;

• Eyenuk Inc.;

• Centerveu;

• Forus Health

Market Segmentation:

Retinal Imaging Devices Market, By Type

• Fundus Camera

• Optical Coherence Tomography

• Fluorescein Angiography

Retinal Imaging Devices Market, By End-use Outlook

• Hospitals

• Ambulatory surgery centers ASCs

• Ophthalmic Centres

• Others

Retinal Imaging Devices Market, By Region

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

Regional Analysis:

In 2018, North America accounted for XX% of the total regional retinal imaging device market. The factors contributing to the Retinal Imaging Devices market share are the high prevalence of the ophthalmic disorder, the high adoption rate of advanced technology, and the presence of many global players in the retinal imaging devices market. In addition, Optos introduced Monaco, an ultra-widefield combination imaging device, in the United States in May 2018.

Europe had the second-largest market share in the retinal imaging devices industry. Global market players are fortifying their positions by expanding their eye care portfolio in this region. Canon, for example, has developed its eye care products through its subsidiary Canon Medical Systems Europe B.V., including digital retinal imaging systems, optical coherence tomography systems, fully automatic Ref-Keratometers, and Tonometers.

During the forecast period, Asia Pacific is expected to grow the fastest. The regional retinal imaging devices market is expected to be driven by introducing global healthcare facilities in the region and increasing awareness of retinal imaging in countries such as India, China, and Thailand. Furthermore, the rising prevalence of diabetes in India is expected to drive segment growth. As a result, there has been a significant increase in the number of strategic initiatives launched by retinal imaging device market players to meet the growing demand for advanced eye care solutions.

Scope of the Report:

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