Fundus Cameras Market Size By Product (Mydriatic Fundus Cameras [Tabletop, Handheld], Non-mydriatic Fundus Cameras [Tabletop, Handheld], Hybrid Fundus Cameras, ROP Fundus Cameras), By End-user (Hospitals, Ophthalmology clinics), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Sep 2019  |  Report ID: GMI4326  |  Authors: Sumant Ugalmugale

Report Format: PDF   |   Pages: 160   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Fundus cameras market size was valued at USD 509.1 million in 2018 and is expected to witness 4.3% CAGR from 2019 to 2025. Additionally, about 4,000 units of hybrid fundus cameras were installed in 2014.
 

 

U.S. Fundus Cameras Market, By Product, 2018 & 2025 (USD Million)

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Growing prevalence of eye diseases such as glaucoma, diabetic macular edema, diabetic retinopathy, cataract is one of the significant factors propelling the fundus cameras market over the forecast period. According to the International Agency for the Prevalence of Blindness (IAPB), about 3 million were blind due to glaucoma in 2015. It is the foremost cause of irretrievable blindness and the third leading cause of blindness worldwide. The fundus cameras help for early detection of such diseases. The increasing prevalence of severe retinal disorders and growing acceptance for advanced diagnostics tools are some of major factors propelling the growth of market globally.
 

The technological advancements in fundus cameras such as hybrid cameras, non-mydriatic cameras, and hand-held fundus cameras will boost the growth of the market. The introduction of handheld cameras is light in weight and cost-effective as well. Continuous enhancement in the fundus cameras and increasing adoption of newer technologies to get an in-depth and clear image is anticipated to drive the market over the forecast period.
 

Fundus Cameras Market Report Coverage
Report Coverage Details
Base Year: 2018
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Pages: 160 Tables, Charts & Figures: 205
Geographies covered (19): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Japan, China, India, Australia, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, South Africa, UAE
Segments covered: Product, End-user and Region
Companies covered (10): Carl Zeiss Meditec AG, Canon U.S.A, TOPCON CORPORATION, Revenio Group Oyj, Kowa American Corporation, NIDEK Co. Ltd., OPTOMED LTD, Remidio, OPTUS, Forus Health

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Fundus Cameras Market, By Product

Non-mydriatic fundus cameras accounted for significant share of more than 50% in the fundus cameras market 2018. These fundus cameras are painless in nature and allows imaging of retina and optive nerve with no dilation. There is various model of non-mydriatic fundus cameras are available in the market. For the patients suffering from glaucoma and those highly sensitive in light, the non-mydriatic fundus cameras are widely used. It allows monitoring and early detection of various serious eye conditions such as macular degeneration, diabetic retinopathy and other severe conditions cause by other diseases such as diabetes, high blood pressure etc.
 

Hybrid fundus cameras segment is anticipated to accounted high growth of about 4.8% over the forecast period. The hybrid fundus cameras are combination of both mydriatic and non-mydriatic and carries advantages of both types. With one touch, the user can switch between nonmydriatic and mydriatic modes with just one touch. The various hybrid cameras have more than five different mode of photography such as red-free, color, nonmydriatic fundus autofluorescence, fluorescein angiography photography, etc. The increasing demand for hybrid fundus cameras due to its advantages over the mydriatic cameras is expected to propel the growth of fundus devices market globally.
 

Fundus Cameras Market, By End-user

Ophthalmology clinics segment held around 55% revenue share in 2018 and will exhibit significant growth during the forthcoming years. High preference of patients for optometrists for the eye related disease, and presence of well-established ophthalmic clinics in developed and developing regions are the few of key factors responsible for growth of segment in the fundus cameras market over the forecast period. According to Industry statics portal, about 6,21,320 offices of optometrisis were recorded in U.S. The presence of large number of ophthalmic clinics globally is expected to boost the growth of market over the forecast period.
 

Followed by ophthalmology clinics, the other end-user segment is estimated to register high growth over the forecast period. The availability of well-established optometrists’ offices in developed countries such as U.S., Germany, France, UK, Japan is estimated to propel the growth of segment in the global market.
 

Germany Fundus Cameras Market Size, By End-user, 2018 (USD Million)
Germany Fundus Cameras Market Size, By End-user, 2018 (USD Million)

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Fundus Cameras Market, By Region

North America fundus cameras industry was valued over USD 200 million revenue in 2018. The well-established healthcare infrastructure, government support for screening of devices, favorable reimbursement policies, and growing awareness regarding eye diseases are some of the key factors contributing to growth in North America market. Moreover, rising geriatric population, presence of prominent competitors operating in the market, and high adoption of technically advanced fundus photography cameras are the some of other key contributing factors for the growth of market in the region.
 

Middle East & Africa retinal cameras industry is estimated to witness more than 5.5% CAGR over the analysis timeline. The high prevalence of ophthalmic diseases in the region is one of the key factors contributing towards the high growth of market in the Middle East & Africa. For instance, American Academy of Ophthalmology, in 2013, the prevalence of diabetic retinopathy in Saudi Arabia is 30%, UAE 19%, Jordan 64%, AND Iraq 37%. The high prevalence of eye related disorders, high prevalence of diabetes is driving the growth of market in the region.  Moreover, growing adoption of fundus cameras systems, increasing government support to avail the treatment, and rising healthcare expenditure. The increasing awareness about the retinal disorders is also expected to propel the growth of market in the region.
 

Middle East & Africa Fundus Cameras Market Size, By Country, 2025 (USD Million)
Middle East & Africa Fundus Cameras Market Size, By Country, 2025 (USD Million)

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Competitive Market Share

Some of the prominent players operating in fundus cameras market include Carl Zeiss Meditec, Canon U.S.A, Topcon Corporation, Revenio Group Oyj, Kowa American Corporation, NIDEK CO., LTD, OPTOMED LTD, Remidio, Optus, and Forus Health. The corporate players have adapted various strategies such as partnerships, acquisitions, and innovative product launches to capitalize on market opportunities.
 

  • In April 2019, Revenio Group Corporation, globally operating health technology corporation has acquired CenterVue. The acquisition is expected to help in strengthening the position of Revenio as the global market leader in eye devices for the monitoring and diagnostics of the eye, majorly glaucoma.
     
  • In June 2016, Optomed Oy has signed distribution with Essilor GmbH for Germany to strengthen its position in German market.
     

Fundus Cameras Industry Background

 

The evolution of the fundus camera started with Herman Von Hemholtz's creation of ophthalmoscope in 1851, which provides an ophthalmologist visualization of the subsequent section of the eye. Carl Zeiss and J.W launched the first reliable fundus camera. In 1926, Nordensen permitted eye fundus structure to be documented. In 1954, the Kodak Tri-X movie was launched. The Zeiss-Littman contemporary fundus camera was launched the following year. It was the first fundus camera manufactured commercially to integrate electronic flash lighting. Two medical learners Harold Novotny, and David Alvis, began a study project in 1959 to create a photographic technique to estimate levels of blood oxygen in the retinal vasculature as a noticeable cerebral circulation section. In 2008, various countries have started large-scale teleophthalmology programs by using digital fundus photography. Camera systems have developed over the years to feature sharper pictures, non-mydriatic broad field choices, and pupil monitoring. In 2010, canon has launched its first hybrid fundus camera CX-1.
 


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