Registering a CAGR of 5.8% over the forecast period of 2022-2027, the global fundus cameras market value was US$ 303.2 million in the year 2022.
Fundus cameras are widely used in the field of ophthalmology to analyze the interior structure of patients' eyes as well as take photos from different angles. These cameras are available in various configurations such as hand-held, stand-alone, and video systems with different features.The increasing prevalence of age-related eye diseases and growing geriatric population base is expected to remain a key factor driving market demand over the forecast period.Rising prevalence of diabetic retinopathy, increasing adoption of fundus cameras in hospitals and emerging economies are the major drivers for this market. The increasing adoption of fundus cameras in hospitals is driven by rising number of diabetic patients, increasing geriatric population base.
Developments from the digital camera, red-free fundus camera, film-based fundus camera to the development of other for clear and in-depth fundus imaging along with the growing adoption of these new technologies in developing countries are expected to drive the market during the forecast period 2022-2027. Furthermore, supportive government regulations are also predictable to contribute to market growth. According to the laws and regulations of medical device agencies in the U.S. and Japan, the fundus imaging cameras must be changed once in every 4 years. This law helps maintain the quality of instruments and, thereby, improves diagnosis and treatment. Hence, the law is likely to maintain the demand for devices in countries and enhancement the market.
Who are the Major Players in Solder Market?
Top Key players in the Fundus Cameras Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Fundus Cameras Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Topcon, Samsung ,Kowa, Canon, Optomed Oy, Carl Zeiss, CenterVue, Nidek, Heidelberg, Resta, RAYMOND and other.
Industry Updates:
April 2021, Samsung announced the launch of the EYELIKE Fundus Camera to improve access to affordable eye care. The Eyelike fundus imaging system uses a lens attachment and AI algorithm on Samsung Galaxy smartphones to detect and analyse the images for eye diseases. This launch will strengthen the company’s smartphone-based fundus cameras portfolio and the product is set to witness significant demand in developing countries such as Vietnam, India, Morocco, and Papua New Guinea.
Fundus Cameras Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Market Volume (%) By Applications it is segmented into
In Europe, the market is likely to witness a CAGR of 5.9% over the forecast period due to the local presence of major market players; technological developments in fundus cameras, such as easy to use, portability, and development of hybrid cameras; and adoption of newer products. For instance, key players such as Carl Zeiss Meditec Group, Optomed Oy (Ltd.), and CenterVue SpA are headquartered in Europe. Furthermore, a rising number of diabetic retinopathy patients and the geriatric population is expected to boost the overall market during the forecast period.
North America dominated the fundus cameras market in the Previous Year and held the largest share of around 37.4%. Major factors contributing to the growth of this region include the increasing geriatric population and technical advances in the field. Furthermore, approval and launching of fundus cameras in the U.S. and Canada and high adoption of new technologies are likely to boost the market share. Widening application of fundus cameras for early detection and screening not only for eye diseases but also for lifestyle-associated diseases is anticipated to propel the market during the forecast period.
All these factors greatly affect the Fundus Cameras market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
Report Attributes
| Report Details |
Forecast Period 2022 to 2027 CAGR (Value and Volume) |
CAGR of 5.8% during the review period (2022 to 2027). |
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2027 |
By Companies | Topcon, Kowa, Canon, Optomed Oy, Carl Zeiss, CenterVue, Nidek, Heidelberg, Resta, RAYMOND |
Regions Covered |
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Countries Covered |
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Base Year
|
2022 |
Historical Year
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2017 to 2021 |
Forecast Year
|
2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
What is the study period of this market?
The Fundus Cameras Market is studied from 2017 - 2027.
What is the growth rate of Fundus Cameras Market?
The Fundus Cameras Market is growing at a CAGR of 5.8% over the next 5 years.
Who are the key players in Fundus Cameras Market?
Topcon, Kowa, Canon, Optomed Oy, Carl Zeiss, CenterVue, Nidek, Heidelberg, Resta, RAYMOND
What region does this Fundus Cameras Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Fundus Cameras Market?
Low-end Fundus Cameras, Middle-end Fundus Cameras, High-end Fundus Cameras, Others
What are the major end-use applications of Fundus Cameras Market?
Class 3 Hospital, Class 2 Hospital, Class 1 Hospital, Others.
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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