Major factors providing impetus to the global retinal imaging market growth include rise in global geriatric population, increasing incidences of ophthalmic disorders such as glaucoma, diabetic retinopathy, and macular degeneration, rapidly increasing patient pool, and rising awareness of early disease detection and treatment.
Emergen Research has published its latest report titled “Retinal Imaging Market, By Device Type (Fundus Camera, Optical Coherence Tomography, Fluorescein Angiography), By End-use (Hospitals & Clinics, Ophthalmic Centers, Ambulatory Surgery Centers, Others), and By Region Forecast to 2028”
Market Dynamics:
Major factors providing impetus to the global retinal imaging market growth include rise in global geriatric population, increasing incidences of ophthalmic disorders such as glaucoma, diabetic retinopathy, and macular degeneration, rapidly increasing patient pool, and rising awareness of early disease detection and treatment. Technological advancements in diagnostic and treatment methods, rapidly advancing healthcare infrastructure, rising adoption of advanced retinal imaging systems, and presence of favorable healthcare reimbursement policies are among the other major factors expected to drive the global retinal imaging market revenue growth over the upcoming years.
Retinal imaging is a medical imaging procedure performed by optometrists to assess eye health. This procedure involves the use of high-resolution cameras and imaging systems to take magnified and detailed pictures of the eye and its intricate parts including the retina, optic disk, and blood vessels. Market revenue growth, however, is hampered to a significant extent due to factors such as stringent regulatory guidelines, high costs of advanced retinal imaging devices, and lack of skilled healthcare professionals.
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COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Optical Coherence Tomography (OCT) Segment Accounted for Largest Revenue Share in 2020:
Based on device type, the global retinal imaging market is segmented into Fundus Camera, Optical Coherence Tomography (OCT), and Fluorescein Angiography. The optical coherence tomography (OCT) segment accounted for the largest revenue share in the global market in 2020. Optical coherence tomography (OCT) is one of the most advanced retinal imaging technologies that capture high-resolution, detailed images of the eye structure and help identify various ophthalmic disorders. Rising prevalence of ophthalmic disorders such as diabetic retinopathy, glaucoma, and macular degeneration, and rapid adoption of optical coherence tomography devices are major factors driving revenue growth of this segment.
Ophthalmic Centers Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global retinal imaging market is segmented into Hospitals & Clinics, Ophthalmic Centers, Ambulatory Surgery Centers, and Others. The ophthalmic centers segment is projected to register the fastest revenue growth rate in the global market over the forecast period. Increasing incidences of eye disorders, increasing patient pool, rapid adoption of technologically advanced diagnostic and treatment methods for ophthalmic diseases, and increasing adoption of advanced retinal imaging systems are expected to drive this segment’s revenue growth.
Europe Accounted for Largest Revenue Share in 2020:
Among regional markets, the retinal imaging market in Europe accounted for the largest revenue share in the global market in 2020. Rising prevalence of eye disorders, increasing awareness of advanced treatment options for retinal disorders, emergence of advanced diagnostic and treatment methods, and presence of state-of-the-art healthcare infrastructure and major market players in the region, including Carl Zeiss AG, Optos Plc, Epipole Ltd., and Centervue SpA, are some of the primary factors driving the regional market revenue growth.
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Major Companies in the Global Retinal Imaging Market Include:
- Optos Plc
- 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
- NIDEK CO., LTD.
For the purpose of this report, Emergen Research has segmented the global retinal imaging market based on device type, end-use, and region:
Device Type Outlook (Revenue, USD Billion; 2018-2028)
- Fundus Camera
- Optical Coherence Tomography (OCT)
- Fluorescein Angiography
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals & Clinics
- Ophthalmic Centers
- Ambulatory Surgery Centers
- Others
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Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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