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:

  • Application
  • Region

In terms of application, the miniature retinal scanners market can be classified into:

  • Medical Diagnosis
  • Banking & Finance
  • Defense & Security
  • Others

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Miniature Retinal Scanners Market

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