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Retina is a sensory membrane situated at the back of the eyeball. It consists of several layers and specialized cells known as photoreceptors. There are two types of photoreceptors in the human eye: rod and cone. Rod photoreceptor cells detect the motion and distinguish black and white vision and provide vision in low light. Cone photoreceptors detect the colors and provide vision in bright and medium light. Cones are placed at the concentrated small area of retina, while rods are placed throughout the retina. When cornea and lens direct the light to the photoreceptor cells, the light energy is converted to chemical energy and transmitted to the brain through optic nerve. According to ophthalmologists, common retinal disorders include macular edema, diabetic retinopathy, macular degeneration, central serious retinopathy, solar retinopathy, and others. 

Retinal imaging devices assist eye care practitioners to identify, evaluate, document, and conduct treatment for retinal disorders. The advanced retinal imaging devices can image up to 0 to 200 degrees of the retina through a single capture. Full spectrum white light is utilized in conventional devices; however, advanced retinal imaging devices use low-powered laser light. 

The global retinal imaging devices market is primarily driven by increase in incidence of retinal disorders across the world, high rate of diagnosis and treatment of retinal disorders, technological advancements, and improving health care infrastructure. However, stringent regulatory landscape and laws on intellectual property rights are expected to restrain the market. Mergers and acquisitions among major players and increase in R&D investment are projected to drive the global retinal imaging devices market during the forecast period. 

In terms of image modality, the global retinal imaging devices market can be segmented into color, red-free, choroidal, and others. Based on age group, the global market can be classified into child, adult, and geriatric. In terms of practice area, the global retinal imaging devices market can be categorized into healthy refractive, diagnostic, disease monitoring, disease treatment, and medical procedures. Based on end-user, the global market can be divided into hospitals & ambulatory surgery centers, specialized eye care centers, and others. 

Geographically, the global retinal imaging devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the leading share of the global market in 2017, owing to highly developed health care industry, strong research & development infrastructure, and presence of major players. Germany, France, and the U.K. held major shares of the retinal imaging devices market in Europe in 2017. The market in Italy and Spain is expected to witness significant growth during the forecast period. Highly developed health care industry, prominent research and development infrastructure, and increase in retinal disorders are attributed to high market share of Germany, France, and the U.K. China and Japan held significant shares of the retinal imaging devices market in Asia Pacific in 2017. The market in India is likely to expand at a high CAGR in the near future, owing to the emerging health care industry and presence of well-established domestic players. Underdeveloped health care industry and less technological progress are anticipated to hamper the growth of the retinal imaging devices market in Latin America and Middle East & Africa during the forecast period.

Key players in the global retinal imaging devices market are Optos plc (a Nikon Company), Eyenuk, Inc., Epipole Ltd., Optomed Oy (Ltd.), Imagine Eyes, Centervue SpA, Forus Health Pvt. Ltd., Phoenix Technology Group, Inc., Topcon Corporation, Carl Zeiss AG, Olympus Corporation, and NIDEK CO., LTD, among others.

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?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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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Retinal Imaging Devices Market

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