Fundus Cameras Market Overview
Fundus camera is defined as a low power microscope with an attached camera. Fundus camera is based on the indirect ophthalmoscope. It is widely used in various applications such as fluorescein angiography, external photograph, paired optic disk images, and fundus imaging. It is also used to diagnose retinal disorders.
Market Size and Forecast
Global fundus camera market is anticipated to flourish at a CAGR of 6.5% over the forecast period. Further, the factors propelling the growth of fundus camera market include increasing healthcare concerns among the population and growing geriatric population.
On the basis of product type, non-mydriatic fundus cameras has been the largest segment in 2016 and it is expected to garner at a CAGR of 7.1% during the forecast period. Furthermore, hybrid fundus cameras by product type segment accounted for the highest CAGR during the forecast period owing to possessing multiple technologies in a single device.
In terms of regional platform, North America is projected to lead the market by the end of 2024. Further, U.S. and Canada are expected to be the dominating countries during the forecast period owing to growing adoption of technologically advanced products. Moreover, high prevalence of retinal disorders in this region is also envisioned to foster the growth of fundus camera market. Moreover, presence of major key players of fundus camera in North America region is believed to foster the growth of fundus camera market.
Europe accounted for the second largest market of fundus camera in terms of revenue in 2016. Additionally, the growth of Europe region can be attributed to various factors such as rising adoption of advanced healthcare technology and rapid urbanization. Likely, the major countries witnessing the augmented demand for fundus camera include the Western European countries.
Asia-Pacific region is expected to be the fastest growing fundus camera market during the forecast period. Further, rising diabetic patients and growing awareness towards advanced healthcare gadgets are believed to foster the growth of fundus camera market in Asia-Pacific region. Additionally, Japan and China are the leading countries in fundus camera market in this region.
Our in-depth analysis has segmented global fundus camera market into the following segments:
By Product Type
By Distribution Channel
Global fundus camera market is further classified on the basis of region as follows:
Growth Drivers and Challenges
Rising healthcare expenditure and increasing cases of retinal detachment, and diabetic retinopathy (DR) are envisioned to be the dynamic factors behind the rapid growth of fundus camera market across the globe. Further, rising geriatric population and advancement in medical technology are expected to bolster the growth of fundus camera market by the end of 2024. Moreover, rising demand for innovative healthcare technology and growing awareness about eye disorders are the major factors propelling the growth of fundus camera market.
Additionally, rising GDP figures along with developing healthcare infrastructure of developed and developing nations is projected to flourish the growth of fundus camera market. Likely, favorable government initiatives for the implementation of fundus camera for the treatment of various retinal disorders are also predicted to bolster the growth of fundus camera market.
However, high cost associated with the fundus camera is anticipated to dampen the growth of fundus camera market by the end of 2024.
Scope and Context
Overview of the Parent Market
The global fundus camera market is segmented as follows:
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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