Digital Pathology Is Fastest Growing Segment Fueling The Growth Of Retinal Imaging Devices Market
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| Retinal Imaging Devices Market |
Retinal imaging devices are used for early diagnosis and treatment of chronic retinal diseases. These devices offer non-invasive imaging of the retina and help detect diseases like diabetes retinopathy, macular degeneration and retinal vascular occlusions at an early stage. This enables timely intervention and better management of retinal disorders.
Market Overview:
Retinal imaging devices use innovative imaging techniques like optical coherence tomography, fundus photography and fluorescein angiography to capture high resolution images of the retina. These vivid retinal maps aid diagnosis, determine disease progression and help formulate an effective treatment protocol.
Market key trends:
One of the key trends in the retinal imaging devices market is the shift towards portable non-mydriatic cameras. These handheld devices do not require pupil dilation and can instantly acquire good quality retinal images under varied lighting conditions. This greater flexibility and ease-of-use has boosted their adoption in settings beyond specialized eye clinics like primary care facilities, diabetic care centers and nursing homes. Their widespread use is facilitating large scale population screening programs for early detection of retinal diseases.
Segment Analysis
The global retinal imaging devices market is segmented into fundus cameras, optical coherence tomography scanners, and fluorescein angiography devices. Fundus cameras hold the largest market share of around 50% as they provide non-invasive imaging of the retina and are easy to use in primary eye care settings. Optical coherence tomography scanners is the fastest growing segment and is expected to witness a CAGR of 10% during the forecast period. OCT scanners provide high resolution cross sectional images of the retina and are increasingly being used for diagnostic and monitoring purposes in retinal disorders.
The global Retinal Imaging Devices Market Demand is estimated to be valued at US$ 2.52 Bn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The global retinal imaging devices market is expected to witness high growth, exhibiting CAGR of 9.5% over the forecast period, due to increasing prevalence of chronic eye diseases such as diabetic retinopathy, age-related macular degeneration and retinal vein occlusion.
Regional analysis: North America dominates the global retinal imaging devices market with over 35% share. This is attributed to growing elderly population, rising adoption of advanced technologies and presence of major players in the region. Asia Pacific is expected to grow at the fastest pace owing to large patient pools, increasing healthcare spending and growing medical tourism in countries such as India and China.
Key players: Key players operating in the retinal imaging devices market are Carl Zeiss Meditec AG, Topcon Corporation, NIDEK Co. Ltd., Optos plc, CenterVue SpA, Forus Health Pvt Ltd., Eyenuk Inc., Imagine Eyes, Clarity Medical Systems Inc., and Optomed Plc. Major players are focusing on new product launches, collaborations and geographical expansion strategies to strengthen their market position.
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