Published: Feb, 2017
Prominent players in the global fundus cameras market are Topcon Corporation, Canon, Inc., Nidek Co., Ltd., Optovue, Inc., CenterVue S.p.A., Carl Zeiss Meditec AG, Kowa Optimed, Inc., Optomed Oy (Ltd.), and Clarity Medical Systems.
Transparency Market Research finds that the design of high-performing fundus cameras integrated with advanced functionalities from the leading players has stirred the competitive dynamics of the global fundus cameras market. However, the high cost associated with incorporating advanced technology features in fundus cameras is likely to restrain manufactures and vendors in expanding their product portfolio. This may offer some competitive benefit to small regional technology players and camera manufacturers who are entering the market with lower-cost options, especially in various developing nations such as India, China, and Brazil.
According to TMR’s estimation, the global market for fundus cameras is forecast to reach US$300.5 million by 2019.
Hybrid Fundus Cameras with Multiple Technologies to Boost Market
Availability of advanced fundus optical devices such as hybrid cameras with multiple functionalities is a key development creating ample growth opportunities for market players. The increasing applications of fundus cameras in diagnosing a range of retinal disorders at an early stage has spurred the demand for portable and high-performing fundus devices. This aids ophthalmologists, optometrists, and other trained healthcare professionals in diagnosing and monitoring various retinal disorders, such as diabetic retinopathy, retinal detachment, glaucoma, and age-related macular degeneration.
Over the last few years, there is an increased demand for advanced fundus cameras over traditional fundus cameras. The increasing prevalence of retinal disorders, rise in geriatric population, and advancement in technologies are the key factors offering impetus to the growth of the market across major regions.
Developing Healthcare Infrastructure in Asia Pacific to Stir Demand for Fundus Cameras
Asia Pacific is a prominent market for fundus cameras. Investment by the governments of various countries in Asia Pacific to develop healthcare infrastructure and boost healthcare delivery has led to the growing awareness of retinal and ocular diseases at an early stage. Coupled with an increase in the number of specialty clinics treating ocular diseases, the region is expected to witness significant growth. Furthermore, the rising awareness of treating diabetic retinopathy at an early stage in countries such as India and Japan is anticipated to provide exciting growth opportunities for optical manufacturers.
Manufacturers are focusing on offering advanced fundus cameras at affordable prices to gain a competitive edge in the market. North America occupied the major share in the fundus cameras market in 2012 and is expected to show significant growth over the forecast period. The growth in the region is driven by technological advancements and high rate of incidence of diabetic retinopathy. Europe is another promising region showcasing significant potential for optical device manufacturers and technology players in the fundus camera market.
This review is based on the findings of a TMR report titled “Fundus Cameras Market - Global Industry Analysis, Size, Volume, Share, Growth, Trends and Forecast, 2013 - 2019”
The global fundus camera market is segmented into:
- Mydriatic Fundus Cameras
- Non Retractable Fundus Cameras
- Hybrid Fundus Cameras
- Retinopathy of Prematurity (ROP) Fundus Cameras
- Ophthalmology Clinics
- Ophthalmic and Optometrist Offices
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments
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