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Ophthalmoscope Market size was over USD 253.76 Million in 2023 and is projected to exceed USD 422.53 Million by 2036, witnessing over 4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ophthalmoscope is assessed at USD 263.52 Million. The rising cases of ocular diseases such as glaucoma, corneal opacification, and others necessitate the use of instruments such as ophthalmoscopes for medical personnel to monitor and examine. In 2020, there were more than 590 million people reported distance vision impairment worldwide. By 2050, it's predicted that number will rise to over 890 million, with about 60 million of those individuals going blind owing to aging, population growth, and urbanization.
The growing prevalence of the aged population with higher chances of blindness, and visual impairment is predicted to boost the ophthalmoscope market. The mental and physical health of people degrade with the passage of time. By the end of 2050, the global population aged 60 years and above will get doubled accounting to 2.1 Billion.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4% |
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Base Year Market Size (2023) |
USD 253.76 Million |
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Forecast Year Market Size (2036) |
USD 422.53 Million |
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Regional Scope |
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Application (Glaucoma, Retinal Tear, Diabetes)
The diabetes segment is estimated to hold 45% share of the global ophthalmoscope market in the coming years owing to the increasing cases of diabetes-induced blindness around the world. Patients suffering from diabetes have affected retina which can lead to blindness. This as a result rises the demand for ophthalmoscopes as it helps in the on-time detection and diagnosis of the disease. As per recent reports, diabetic retinopathy is accountable for nearly 4.5 % of blindness cases across the globe. By 2030, there will be around 640 million diabetics worldwide, and by 2045, the figure is expected to rise to over 78o million.
End- Users (Hospitals, Eye Clinics)
Ophthalmoscope market from the hospital segment is set to garner a notable gain in the near future. The growth of the segment is driven by the rising usage of ophthalmoscopes. Owing to the growing awareness of eye-related diseases more and more people are visiting hospitals that offer ophthalmic services to seek timely diagnosis and help in the management of eye-related conditions. This, as a result, has increased the demand for ophthalmoscopes on the hospital premises.
Our in-depth analysis of the global market includes the following segments:
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By End-User |
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By Application |
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North America Market Statistics
The ophthalmoscope market in North America is predicted to account for the largest share of 37 % by the end of 2036. The market growth in the region is impelled by growing health awareness. For instance, as people are becoming more aware of their health, they are also realizing the importance of eye cases and regular eye checkups in the region. This leads to an increased demand for ophthalmoscope as it helps in examining eye health.
Asian Pacific Market Forecast
The Asian Pacific ophthalmoscope market is estimated to grow at a significant market rate, during the forecast timeframe. The growth of the market can be led by the growing spending on healthcare. Owing to rising investment in healthcare advanced medical technologies are being developed in the region including ophthalmic diagnostic equipments. For instance, with health expenditures accounting for sizeable portions of the GDPs of the three nations, Japan, Australia, and New Zealand all rank among the top Asia-Pacific nations in terms of healthcare. According to estimates, Australia spent around USD 220 billion, on health in 2021.
Author Credits: Radhika Pawar
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