The miniature retinal scanner devices are witnessing significant market growth with increasing application in treating a wide range of eye disorders such as diabetic retinopathy, retinal detachment, epiretinal membrane, and macular hole. Growth of retinal scanner devices is mainly attributed to continuous equipment modifications, commercial availability of technologically-advanced platforms, and changing lifestyles. Rise in adoption of minimally-invasive surgeries along with a constant rise in the geriatric population that is highly susceptible to retinal disorders, is further driving the global miniature retinal scanners market.
Global Miniature Retinal Scanners Market: Dynamics
Increase in Incidence Rate of Eye-related Disorders Boosting Market
Incidence of eye-related diseases, especially in the developed countries, has increased significantly, which in turn is anticipated to boost the miniature retinal scanners market during the forecast period. According to the Prevent Blindness report, the number of people in the U.S., suffering from cataract is expected to increase from 24.4 million in 2010 to 30.5 million by 2020; and the number of people suffering from diabetic retinopathy in the U.S. is projected to increase from 7.7 million in 2010 to 9.2 million by 2020. The number of recorded patients for open angle glaucoma and Age-Related Macular Degeneration (AMD) in the U.S. was 2.7 million and 2.1 million, respectively. These numbers are projected to increase to 3.3 million and 2.5 million, respectively, by 2020.
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Increasing patient pool in developing countries as well as developed countries is estimated to propel the expenditure on eye treatments in each region and thus, drive the miniature retinal scanners market during the forecast period. Hence, rise in incidence rate of ophthalmic disorders across the globe and increase in awareness about the same are projected to drive the miniature retinal scanners market during the forecast period.
Significant Rise in Awareness about Diagnosis and Treatment of Eye Disorders to Boost Market
There is a lack of comprehensive knowledge and awareness among patients suffering from eye diseases around the world. Significant awareness and knowledge about eye diseases is witnessed in case of patients with a family history of eye diseases. They were significantly more aware and more knowledgeable about eye diseases. Rising health education initiatives in emerging regions to seek early treatment for eye diseases and prevent visual impairment are anticipated to boost the global miniature retinal scanners market.
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Global Miniature Retinal Scanners Market: Competitive Landscape
Major players operating in the global miniature retinal scanners market include AOptix, BioEnable Technologies Pvt. Ltd., Crystal HR & Security Solutions (P) Ltd., EyeVerify, Inc., Fraunhofer IPMS, and HEINE Optotechnik.
AOptix Technologies Inc.
AOptix Technologies, Inc. provides communication products as well as services. The company offers adaptive optics technology services for the commercial as well as defense wireless communications sector, and advanced iris recognition biometrics. AOptix Technologies operates through the U.S.
BioEnable Technologies Pvt. Ltd
BioEnable Technologies Pvt. Ltd is ranked among the STQC certified suppliers of biometric products for Aadhaar project in India. They provide enterprise grade access controllers with integrated card, fingerprint & face recognition technologies across the globe.
Global Miniature Retinal Scanners Market: Segmentation
The global miniature retinal scanners market can be segmented based on:
In terms of application, the miniature retinal scanners market can be classified into:
- Medical Diagnosis
- Banking & Finance
- Defense & Security
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