Chicago, June 17, 2022 (GLOBE NEWSWIRE) — According to the latest research report from Arizton, the ophthalmoscope market is expected to grow at a CAGR of 5.69% during the period 2022-2027. Ophthalmoscopes are portable eye examination equipment used to inspect the retina and other parts of the eye. Ophthalmoscopes allow direct observation of the retina, a technique known as fundoscopy. Technological advancements and widespread applications of ophthalmoscopes will open new avenues for growth.
Scope of the Ophthalmoscopes Market Report
Report attributes |
Details |
MARKET SIZE (2027) |
$73.90 million |
MARKET SIZE (2021) |
$53.02 MILLION |
CAGR (2022-2027) |
5.69% |
|
YEAR OF REFERENCE |
2021 |
|
FORECAST YEAR |
2022-2027 |
LARGEST MARKET |
North America |
MARKET SEGMENTS |
Type, indication and end user |
GEOGRAPHICAL ANALYSIS |
North America, Europe, APAC, Latin America, Middle East and Africa |
COUNTRIES COVERED |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Mexico, Argentina, Turkey, South Africa and Saudi Arabia |
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Highlights
- The global ophthalmoscope market is segmented into direct ophthalmoscopes and indirect ophthalmoscopes. The direct ophthalmoscope segment accounted for about 60% of the highest market share in 2021 and dominates the indirect ophthalmoscope segment.
- Glaucoma segment led the market with around 32% market share in 2021. Diabetic retinopathy segment accounted for 23% market share in 2021. Diabetic retinopathy is one of the growing indication segments fast with a CAGR of 6.26%, which is largely driving the demand for advanced ophthalmoscopes in the market.
- In 2021, the eye clinic and hospital segment dominated the eye testing equipment market with more than 55% market share, and it is likely to continue to do so during the forecast period.
- North America is the major potential market for ophthalmoscopes owing to the high expenditures, presence of well-established eye care services, and awareness among the aging population. increasing prevalence of eye disorders such as diabetic retinopathy, glaucoma and cataracts.
Ophthalmoscope Market segmentation
Type
Indication
- Glaucoma
- Diabetic retinopathy
- Macular degeneration
- Retinal detachment
- Other
Final user
- Eye clinics and hospitals
- Ophthalmologist and Optometrist
- Ambulatory surgery centers
Geography
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- APAC
- China
- Japan
- India
- Australia
- South Korea
- Latin America
- Middle East and Africa
- Turkey
- South Africa
- Saudi Arabia
Strategies adopted by vendors in the Ophthalmoscope market
Emerging players in the ophthalmoscope market are driving the market to grow steadily. An increase in eye disorders and a large and targeted population lead to strong competition among major vendors. The innovative products and technologies of the emerging companies pose a threat to the growth of the global players, indicating that the market offers huge growth opportunities for the existing and future players. Vendors are focusing on developing new advanced ophthalmoscopes for diagnostic practices. For example, in 2019, Nidek launched the Mirante scanning laser ophthalmoscope. The device is a multimodal fundus imaging platform that combines a high-definition scanning laser ophthalmoscope and optical coherence tomography with ultra-widefield imaging.
Key players
- Heine USA Ltd
- Dino Lite Europe
- Iridex Corporation
- Halma
- Nidek Co.Ltd.
- Oscar Boscarol Srl
- Rudolf Riester GmbH
- American Ophthalmic
Other Important Suppliers
- Albert Waeschle
- American Diagnostic Society
- Shanghai Bolan Optical Electric Co Ltd
- Carl Zeiss
- Ellex
- Essilor International (Essilor Instruments USA)
- Heidelberg Engineering
- Invotech Excel
- Medline Industries LP
- Neitz Instruments Co Ltd
- Suzhou Kangjie Medical Inc
- Spengler
- Topcon Co.Ltd
- Lumenis
- Zumax Medical
- 66 Vision Tech
- Zhejiang Honsun Medical Technologies Co.Ltd
Contents
1 Research methodology
2 research objectives
3 Research process
4 Scope and coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Caveats regarding market estimation
4.2 Reference year
4.3 Scope of the study
4.3.1 Market Segmentation by Type
4.3.2 Market Segmentation by Indication
4.3.3 Market Segmentation by End User
4.3.4 Market Segmentation by Geography
5 Report assumptions and caveats
5.1 Main caveats
5.2 Currency conversion
5.3 Market Derivation
6 The market at a glance
7 Presentation
7.1 Overview
8 Market Opportunities and Trends
8.1 Technological Advancements and New Applications of Ophthalmoscopes
8.2 Government eye care initiatives
8.3 Higher Growth Opportunities in Emerging Markets
9 Market Growth Catalysts
9.1 Rise in Awareness of Eye Care Services in Developed Countries
9.2 Increased prevalence of eye disorders and surgical procedures
9.3 Advent of advanced ophthalmoscopes
9.4 Increase in the population of patients with eye disorders
10 Market Restrictions
10.1 Lack of Eye Care Services in Emerging Markets
10.2 Shortage of ophthalmologists in developing countries
10.3 Strict regulations and product recalls
11 Market landscape
11.1 Market Overview
11.2 Market Size and Forecast
11.2.1 Overviews by Geography
11.2.2 Information by Type
11.2.3 Overviews by indication
11.2.4 Information by end user
11.3 Five forces analysis
11.3.1 Threat of new entrants
11.3.2 Bargaining Power of Suppliers
11.3.3 Bargaining power of buyers
11.3.4 Threat of Substitutes
11.3.5 Competitive Rivalry
12 types
12.1 Market Overview and Growth Driver
12.2 Market Overview
12.3 Direct ophthalmoscope
12.3.1 Market Overview
12.3.2 Market Size and Forecast
12.3.3 Market by Geography
12.4 Indirect ophthalmoscope
12.4.1 Market Overview
12.4.2 Market Size and Forecast
12.4.3 Market by Geography
13 Display
13.1 Market Overview and Growth Driver
13.2 Market Overview
13.3 Glaucoma
13.3.1 Market Overview
13.3.2 Market Size and Forecast
13.3.3 Market by Geography
13.4 Diabetic retinopathy
13.4.1 Market Overview
13.4.2 Market Size and Forecast
13.4.3 Market by Geography
13.5 Age-related macular degeneration
13.5.1 Market Overview
13.5.2 Market Size and Forecast
13.5.3 Market by Geography
13.6 Retinal detachment
13.6.1 Market Overview
13.6.2 Market Size and Forecast
13.6.3 Market by Geography
13.7 Others
13.7.1 Market Overview
13.7.2 Market Size and Forecast
13.7.3 Market by Geography
14 End user
14.1 Market Overview and Growth Driver
14.2 Market Overview
14.3 Eye clinics and hospitals
14.3.1 Market Overview
14.3.2 Market Size and Forecast
14.3.3 Market by Geography
14.4 Ophthalmologists and Optometrists
14.4.1 Market Overview
14.4.2 Market Size and Forecast
14.4.3 Market by Geography
14.5 Ambulatory surgery centers
14.5.1 Market Overview
14.5.2 Market Size and Forecast
14.5.3 Market by Geography
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