The latest report by IMARC Group, titled “Fundus Cameras Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the global fundus cameras market grew at a CAGR of around 4% during 2015-2020. Fundus cameras are specialized low-powered microscopes with an attached camera that are used for taking photographs of the interior surface of the eye. The optical design of the camera is based on the indirect ophthalmoscope, which provides an objective photographic profile of any rare condition of the eye. It also displays dynamic, black and white images of the pupil with advanced imaging techniques like stitching mosaic composites and stereoscopic viewing. However, the non-mydriatic fundus camera variant uses the reflective property of the retina to display details and store images. In recent years, fundus cameras have gained prominence as they aid in the early detection and monitoring of various eye health-related conditions such as macular degeneration, high blood pressure, glaucoma, and damage due to multiple sclerosis.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Fundus Cameras Market Trends:
The market is primarily driven by the increasing prevalence of eye disorders such as diabetic retinopathy, cataract, conjunctivitis, and age-related degeneration. Besides this, with the aging population and rapid adoption of smart devices, individuals are becoming more prone to eye disorders, including night blindness, glaucoma, and vision loss, which has escalated the demand for fundus cameras. In addition, the rising number of individuals suffering from cataract and growing awareness among individuals regarding optical care are fueling the market growth. Furthermore, technological advancements, such as the development of smartphone-based fundus photography, that uses DR to capture images, provide cost-effectiveness and efficiency. Along with this, the introduction of miniature table-top fundus cameras that can display live images of the eye is creating a positive outlook for the market. Looking forward, the market is expected to exhibit moderate growth during the forecast period (2021-2026).
- Based on the product, the market has been segmented into mydriatic (tabletop and handheld), non-mydriatic (tabletop and handheld), hybrid, and other fundus cameras.
- On the basis of the end use, the market has been classified into hospitals, ophthalmology clinics, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
- The competitive landscape of the market has been examined, with some of the key players being Canon Inc., Carl Zeiss Meditec Inc., CenterVue SpA (Revenio Group), Forus Health Private Limited, Kowa Company Limited, NIDEK Co. Limited, Optomed Plc, Optovue Incorporated, Remidio Innovative Solutions Private Limited, Revenio Group Plc, and Topcon Medical Systems Inc. (Topcon Corporation).
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