An ophthalmoscope is a handheld device used to examine the interior structure of the eyes. Ophthalmoscopes combine a light source and lenses to allow a physician to examine the interior structure of the eyes.
Direct Ophthalmoscope Market: Introduction
An ophthalmoscope is a handheld device used to examine the interior structure of the eyes. Ophthalmoscopes combine a light source and lenses to allow a physician to examine the interior structure of the eyes. These devices are primarily used to examine the rear area of the eye and structure of the retina. Ophthalmoscopes are used in ophthalmoscopy, which is a part of the regular examination of eyes. Ophthalmoscopy is employed in conditions, in which patients suffer from headache or swollen optic disc.
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Global Direct Ophthalmoscope Market: Key Trends
- Increase in incidence of ophthalmological diseases such as glaucoma and retinal vascular diseases is a major factor projected to boost the growth of the global direct ophthalmoscope market during the forecast period. According to the American Academy of Ophthalmology, glaucoma affects around 2.7 million people in the U.S. aged 40 and over. Increase in incidence of chronic disorders such as diabetes mellitus and hypertension, which can lead to retinopathy, is another factor fueling the growth of the global market. Technological advances such as laser ophthalmoscopy, increase in health care spending, rise in awareness among people about eye care, and surge in the elderly population are the other factors propelling the global market. However, lack of awareness about ocular diseases in emerging markets is projected to hamper the growth of the global market during the forecast period.
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- Technological advances in the field of diagnostics have resulted in enhanced product development. Key manufacturers focus on the development of new ophthalmoscopes to meet the unmet needs of ophthalmic diagnostic practices. Increase in product releases by leading competitors is anticipated to boost market growth during the forecast period. In Japan, for example, Nidek Co. Ltd. released the Mirante Scanning Laser Ophthalmoscope in 2019. The gadget is a multimodal fundus imaging platform that combines a scanning laser ophthalmoscope with optical coherence tomography. Hence, introduction of new products is expected to drive the global direct ophthalmoscope market.
- The COVID-19 pandemic is likely to restrain the global direct ophthalmoscope market. Since December 2019, the coronavirus has spread throughout China and across the world, resulting in rapid increase in confirmed cases. The disease has spread to over 100 countries, prompting the World Health Organization to declare it a public health emergency. According to the World Health Organization Coronavirus Illness (COVID-19) Dashboard, the manifestation of the coronavirus disease has resulted in over 11 million infected individuals globally as of September 2020.
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North America to Capture Major Share of Global Direct Ophthalmoscope Market
- The global direct ophthalmoscope market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2020. This is attributed to increase in incidence of chronic diseases and glaucoma leading to diabetic retinopathy. Moreover, technological advances, increase in public awareness about diagnosis, and high health care expenditure are the other factors driving the direct ophthalmoscope market in North America. Europe is expected to account for significant share of the global direct ophthalmoscope market during the forecast period owing to increase in the geriatric population. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period driven by rise in the geriatric population and availability of health care solutions for the elderly.
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Key Players Operating in Global Direct Ophthalmoscope Market
Major players operating in the global direct ophthalmoscope market are:
- Medline Industries, Inc.
- Heine USA Ltd.
- US Ophthalmic
- Welch Allyn
- Dino-Lite Europe
- HONSUN Group
- Rudolf Riester GmbH
- IRIDEX Corporation
- Zumax Medical Co., Ltd.
- Oscar Boscarol S.r.l.
- Suzhou Kangjie Medical, Inc.
- NIDEK, Inc.
- Other players
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