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Fundus Cameras Market Trends

Report ID: GMI4326
Published Date: Jul 2023
Report Format: PDF

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Fundus Cameras Market Trends

The ongoing technological improvements in image resolution, allowing for more detailed and clearer images of the retina will play a crucial role in the market growth. The rising advancements in widefield imaging technology are enabling the visualization of larger areas of the retina in a single shot as compared to traditional technologies. Furthermore, healthcare institutions, together with significant industry participants, are taking initiatives to provide top-notch eye screening and treatment using novel solutions. To cite an instance, on World Sight Day in October 2022, Samsung's Galaxy Upcycling program established a goal of screening 150,000 people in India suffering from eye conditions with its EYELIKETM Fundus Camera by 2023. Such favorable trends will positively influence the industry outlook.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

Fundus cameras industry was worth over USD 624 million in 2022 and is estimated to grow at over 3% CAGR from 2023 to 2032 owing to the high prevalence of eye disorders globally

Non-mydriatic fundus cameras held around 58% market share in 2022 and are expected to witness notable demand through 2032 owing to advantages including patient-friendliness and time-efficiency.

North America fundus camera market size exceeded USD 260 million in 2022 and is projected to witness considerable growth from 2023-2032 driven by the presence of well-established healthcare infrastructure and the high frequency of age-related eye issues across the region.

Some of the top companies engaged in the global fundus camera industry are Revenio Group Oyj, Canon U.S.A., Samsung Electronics, TOPCON CORPORATION, Carl Zeiss Meditec AG, NIDEK CO., LTD., and Kowa American Corporation, among others.