Report : Retinal Imaging Device Market to 2027 - Global Analysis and Forecast by Device Type (Fluorescein Angiography, Fundus Camera, Optical Coherence Tomography); End-User (Hospitals & Clinics, Ambulatory Surgical Centers, Specialized Eye Care Centers, Other End Users); and Geography
Device Type segment is expected to grow at a fast pace over the forecast period
According to The Insight Partners market research titled Retinal Imaging Device Market to 2027 - Global Analysis and Forecasts by Device Type, and End User. The global retinal imaging device market is anticipated to reach US$ 2,836.99 Mn in 2027 from US$ 1,868.06 Mn in 2019. The market is anticipated to grow with a CAGR of 5.4 % from 2020-2027. The report provides the trends prevailing in the global retinal imaging device market and the factors driving the market along with those that act as hindrances.
The global retinal imaging device market, based on the device type, is segmented into fundus camera, fluorescein angiography, and optical coherence tomography. The fundus camera segment led the retinal imaging device market by device type in 2019, and; it is expected to retain its dominance during the forecast period. Based on end user the market is classified as hospitals & clinics, specialized eye care centers, ambulatory surgical centers, and other end users (academic institutes, research institutes and retail clinics).
The factors that are estimated to drive growth of the market include rising prevalence of eye diseases, growing global initiatives for blindness and technological advancements. Whereas, the high cost of OCT devices is expected to restraint the growth of the market during the forecast years.
The retinal imaging device market majorly consists of the players such as Carl Zeiss Meditec AG, Revenio Group Corporation (CenterVue SpA), Epipole Ltd., Eyenuk, Inc., Forus Health Pvt Ltd., Imagine Eyes, Nikon Corporation, Optomed Plc, Phoenix Technology Group, LLC, Topcon Corporation among others. Company such as Revenio Group Corporation is focusing on inorganic strategies such as acquisition which has resulted in the expansion of its product portfolio and market growth.
The report segments global retinal imaging device market as follows:
Global Retinal imaging device Market - By Device Type
Global Retinal imaging device Market - By End User
Global Retinal imaging device Market - By Geography