Fundus Camera Market Outlook 2028

1. Fundus Camera Market Outlook 2028 The globalfundus camera market was valued at US$ 464.4 Mn in 2020 It is estimated to expand at a CAGR of 5.6% from 2021 to 2028 The globalfundus camera market is expected to reach the value of US$ 810.4 Mn by the end of 2028 Report cameras.html Overview: https://www.transparencymarketresearch.com/fundus- Rise in Incidence of Retinal Disorders Contributing to Market Growth The increase in prevalence of ocular disorders propels the demand for various ophthalmology platforms. Common ocular disorders that exhibit high incidence rates globally are glaucoma, diabetic retinopathy, cataract, and other refractive errors. These disorders affect the daily lives of patients, resulting in high healthcare spending and reduced productivity. These factors tend to lower the quality of life of the patients. This trend is observed across the world, especially in developed countries such as the U.S., Japan, the U.K., and Germany. Rising prevalence of diabetic retinopathy, retinal detachment, age related macular degeneration (AMD), and glaucoma are categorized under priority ocular disorders, owing to the detrimental effects of these diseases in a number of middle income and industrialized countries. Increase in Geriatric Population Globally Driving Fundus Camera Market The population of people aged 65 years and above is consistently increasing in developing countries. The increase in the geriatric population across the globe is a major factor driving the fundus camera market during the forecast period. The growing number of old people directly affects the growth and development of ophthalmology diagnostic devices, as these people are highly susceptible to health disorders, including ocular disorders, compared to younger adults. This increases the demand for effective management of these diseases at the global level. The most common ocular disorders reported in the geriatric population are diabetic retinopathy, age-related macular degeneration (AMD), glaucoma, cataract, and others. Consistent aging of baby boomer population increases the need and demand for improved performance of ophthalmic diagnostic platforms, including fundus cameras. Technological Advancements in Fundus Cameras Accelerate Market Growth Fundus photography constitutes one of the indispensable ocular technologies that facilitate imaging of retina and sub retina covering the inner surface of the eye. Fundus cameras enable the diagnosis and monitoring of several ocular disorders

2. such as diabetic retinopathy, glaucoma, and age-related macular degeneration. Fundus cameras are usually used by optometrists, ophthalmologists, and other trained medical professionals. These devices are classified on the basis of diagnostic processes into mydriatic and non-mydriatic fundus cameras. The global fundus cameras market is highly saturated, owing to technological obsolescence, especially with reference to mydriatic fundus cameras. However, manufacturers are focusing on the development of robust and high performance fundus cameras with improved quality; for instance, development of hybrid cameras is one of the revolutionary technologies that have evolved over the past few years. Hybrid cameras comprise both optical coherence tomography (OCT) and fundus photography and hence, is advantageous as compared to individual type of fundus photography. Hence, all these developments will accelerate the market growth in the near future. Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10 12 North America Region Dominates Global Fundus Camera Market The growing incidence of diabetic retinopathy is also expected to play a key role in driving the fundus cameras market in the North America region. The market will be mainly driven by factors such as increasing geriatric population, improving healthcare infrastructure, and rising awareness regarding technically advanced fundus cameras. Some of the other factors driving the market in the region are increasing incidence and prevalence of diabetic retinopathy and other retinal disorders, and technical advances leading to the introduction of digital and handheld devices. The geriatric population is more likely to develop retinal disorders, indicates that rapidly increasing elderly population is expected to play a key role in driving the demand for fundus cameras by contributing to the prevalence and incidence of retinal disorders. Fundus Camera Market: Overview According to Transparency Market Research’s latest report on the global fundus camera market for the historical period, 2017–2019, and forecast period, 2021–2028, increase in geriatric population across the globe and surge in incidence of retinal disorders are projected to drive the global fundus camera market during the forecast period Increase in Global Geriatric Population: Key Driver Increase in the geriatric population directly affects the growth and development of ophthalmology diagnostic devices, as the elderly population is highly susceptible to health disorders, including ocular disorders, compared to younger adults. This increases demand for effective management of these diseases globally.

3. Most common ocular disorders reported in the geriatric population are age- related macular degeneration (AMD), glaucoma, diabetic retinopathy, cataract, and others. Consistent aging of baby boomer population increases the need and demand for improved performance of ophthalmic diagnostic platforms, including fundus cameras. According to World Population Ageing Report published by United Nations in 2019, the global population aged 65 years or over stood at 703 million in 2019. The number of elderly people is projected to double to reach 1.5 billion in 2050. Globally, the population aged 65 years or over increased from 6% in 1990 to 9% in 2019. The proportion is projected to rise to 16% by 2050, i.e., one in six people will be aged 65 years or over. Rise in Incidence of Retinal Disorders to Boost Market Growth Rise in prevalence of ocular disorders propels the demand for various ophthalmology platforms. Common ocular disorders that exhibit high incidence rates globally are glaucoma, diabetic retinopathy, cataract, and other refractive errors. These disorders affect the daily lives of patients, resulting in high healthcare spending and reduced productivity. These factors tend to lower the quality of life of the patients. This trend is observed across the world, especially in developed countries such as the U.S., Japan, the U.K., and Germany. According to the World Health Organization (WHO), diabetic retinopathy, age related macular degeneration (AMD), and glaucoma are categorized under priority ocular disorders, owing to detrimental effects of these diseases in a number of middle income and industrialized countries Enquiry Before Buying: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&re p_id=1012 High Cost of Fundus Cameras to Hamper Global Market High cost of fundus cameras is projected to hamper the growth the global market during the forecast period. The major types of fundus cameras available in the market are mydriatic, non-mydriatic, hybrid, and retinopathy of prematurity (ROP) cameras. Mydriatic fundus cameras are the most primitive form of fundus cameras available, followed by non-mydriatic fundus cameras. These devices are major diagnostic platforms that facilitate the diagnosis of retinal disorders such as diabetic retinopathy, AMD, and glaucoma. The cost of mydriatic fundus cameras ranges from US$ 10,000 to US$ 15,000, while the cost of non-mydriatic fundus cameras falls between US$ 18,000 and US$ 22,000 Fundus Camera Market: Competition Landscape

4. This report profiles major players in the global fundus camera market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments The global fundus camera market is consolidated, with the presence of small number of major global players Leading players operating in the global fundus camera market are oTopcon Corporation oCanon, Inc. oNidek Co., Ltd. oEpipole Ltd. oiCARE Finland Oy (Revenio Group) oKowa American Corporation oCarl Zeiss Meditec oOptovue Incorporated oHaag-Streit Holding AG oOptomed plc, among others About Transparency Market Research Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research company providing custom research and consulting services. TMR provides in-depth insights into factors governing demand in the market. It divulges opportunities across various segments based on Source, Application, Sales Channel, and End-Use that will favor growth in the market over the next 9 years. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ Contact Rohit Bhisey Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030

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