OCT Ophthalmoscopes: Promising New Approach to OCT Imaging of Retina

  • OCT ophthalmoscope is a device used in optical coherence tomography (OCT) for examining the interior of the human eye by means of a beam of light, which illuminates otherwise invisible tissues
  • OCT ophthalmoscope performs cross-sectional OCT imaging with a wider scanning field and better resolution compared to the Humphrey OCT
  • It can generate three-dimensional views of the retina, with a point-by-point correspondence to the confocal image, which has paramount importance in ophthalmology studies and complications
  • Distinct advantages of OCT ophthalmoscopes over currently available commercial systems include performing multi-depth coronal sections (C scans) with superior resolution, wider coronal scanning strategy, and three-dimensional capabilities. Because of this, details missed by the Humphrey OCT can be easily picked up with the OCT ophthalmoscope.

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Key Drivers and Restraints of Global OCT Ophthalmoscopes Market

  • Rise in prevalence of ophthalmological disorders such as retinal vascular diseases, glaucoma, and macular degeneration is the major factor boosting the growth of the global OCT ophthalmoscopes market
  • According to the Glaucoma Research Foundation, the total number of suspected cases of glaucoma were over 60 million globally in 2010 and it is projected to reach around 80 million by the end of 2020
  • Technological advancements in terms of novel approaches for diagnosis of ophthalmological diseases and rise in prevalence of chronic diseases such as diabetes, which can cause eye complications or disorders, are the other factors fueling the growth of the global OCT ophthalmoscopes market
  • Moreover, rise in awareness about eye care and various awareness campaigns drive the global OCT ophthalmoscopes market

Shortage of Skilled Personnel with Expertise in Ophthalmic Surgery Hampers Market Growth

  • Ophthalmic equipment is key for the delivery of quality eye care at a reasonable cost. However, the cost of ophthalmic devices as well as the service and its maintenance are high. This could hamper market growth.
  • Lack of skilled personnel to operate OCT ophthalmoscope and expertise in ophthalmic surgery also restrains the market

Fixed OCT Ophthalmoscopes to be Dominant Segment

  • Based on product type, the global OCT ophthalmoscopes market can be bifurcated into fixed OCT ophthalmoscopes and mobile OCT ophthalmoscopes
  • The fixed OCT ophthalmoscopes segment accounted for major share of the global market in 2019 owing to availability of fixed products at major hospitals and research centers
  • Mobile OCT ophthalmoscopes is anticipated to be a more lucrative segment in the next few years due to portability, easy access, and favorable reimbursement scenario

Specialty Clinics to be More Promising Segment

  • In terms of end-user, the global OCT ophthalmoscopes market can be divided into hospitals, ophthalmic clinics, and others
  • The hospitals segment dominated the global market during the forecast period owing to increase in number of patients opting for treatment at hospitals supported by reimbursement programs and availability of advanced medical devices at these hospitals
  • Ophthalmic clinics is expected to be a more promising segment during the forecast period due to increase in number of clinics for ophthalmologic problems, availability of well-equipped staff, and launch of various awareness campaigns.

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North America to Lead Global OCT Ophthalmoscopes Market

  • In terms of region, the global OCT ophthalmoscopes market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America dominated the global OCT ophthalmoscopes market in 2019 due to higher prevalence of ophthalmic disorders, favorable reimbursement scenario, and early adoption of advanced products
  • According to the Glaucoma Research Foundation, an estimated 3 million people had glaucoma in the U.S. in 2017 and around 50% of this population knew about their disease
  • Asia Pacific is likely to be a highly attractive market during the forecast period owing to increase in geriatric population, which is more prone to ophthalmic disorders, rise in awareness about ophthalmic diseases, and improvement in health care infrastructure

Key Players Operating in Global OCT Ophthalmoscopes Market

Key players operating in the global market are:

  • Carl Zeiss AG
  • Heidelberg Engineering
  • NIDEK
  • OPKO Health, Inc.
  • Optovue, Inc.
  • Sonostar Technologies Co. Limited
  • Huvitz Co. Ltd.
  • Canon Medical Systems Europe B.V.
  • OPTOPOL Technology Sp. z o.o.
  • Rowiak GmbH

Global OCT Ophthalmoscopes Market: Research Scope

Global OCT Ophthalmoscopes Market, by Product Type

  • Fixed OCT Ophthalmoscopes
  • Mobile OCT Ophthalmoscopes

Global OCT Ophthalmoscopes Market, by End-user

  • Hospitals
  • Ophthalmic Clinics
  • Others

Global OCT Ophthalmoscopes Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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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