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Fundus Cameras Market Size
- Report ID: GMI4326
- Published Date: Jul 2023
- Report Format: PDF
Fundus Cameras Market Size
Fundus Cameras Market size was valued at over USD 624 million in 2022 and is poised to grow at over 3% CAGR from 2023 to 2032 driven by the high prevalence of eye disorders worldwide.
Fundus cameras are gaining traction driven by the growing need for early detection, precise diagnosis, and efficient management of various eye disorders. According to the WHO, around 285 million individuals worldwide suffer from age-related macular degeneration Furthermore, the increased frequency of diabetes, and diabetic retinopathy have spurred the higher need for various treatment techniques. The IDF Diabetes Atlas 2022 estimated that diabetes affects 77 million Indians and is expected to rise to 125 million by 2045. Hence, the higher demand for screening and treatment of diabetic retinopathy and AMD management will support the market progress.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Fundus Cameras Market Size in 2022: | USD 624.7 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.2% |
| 2032 Value Projection: | USD 854.1 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 190 |
| Tables, Charts & Figures: | 579 |
| Segments covered: | Product, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The high price of fundus cameras may have an adverse effect on the market expansion. The typical price of fundus cameras is about USD 10,000, but it can reach up to USD $50,000 depending on the device model. Companies, such as Topcon and Carl Zeiss have spent heavily on operational and R&D activities to introduce technologically superior products, adding to the increased product costs.
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Fundus Cameras Market Scope
