Fundus Cameras Market is expected to value at USD 625.1 million by 2025. The market is subject to witness a substantial growth due to the growing prevalence of age-related Macular Degeneration (AMD), Diabetic Retinopathy (DR), and glaucoma disorders. Growing importance toward high-resolution digital images to achieve excellent clarity and precision in medical and healthcare applications is expected to favor the growth of fundus cameras industry.
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The key driving factors responsible for the growth of Fundus Cameras
market :
Additionally, complete
transformation of the medical imaging platforms and systems, in the recent
years, thus supporting the need for technologically sophisticated medical
cameras. Globally, the fundus camera market is predicted to grow at CAGR of
6.8% in the forecast period, providing numerous opportunities for market
players to invest for research and development in the market.
Fundus cameras allows
facilitation for precise analysis of several conditions and aid in decision
making for doctors and clinicians. In addition, use of fundus cameras helps to
identify and determine of any particular disorder or anomaly in the patient.
Fundus cameras can easily detect common symptoms by enhancing field of view,
thus offering clarity, flexibility and adaptability during the treatment by
addressing new possibilities. These factors are expected to play key role for
sustained market growth over the forecast period.
The recent technological
advancement coupled with development of the novel products & techniques
such as a specialized low power microscope and highly sensitive sensor
technologies are expected to provide platform for the sustained growth of
fundus camera industry in the upcoming years. Growing popularity of the medical
cameras among healthcare professionals and clinicians are estimated to offer
lucrative growth opportunities for industry player over the forecast period.
Growing geriatric population and
emergence of cost effective solution are propelling market growth as well, in
the recent years. Increasing need for modernization and centralization of
healthcare administration and services, and growing demand for superior quality
and safety of healthcare services are expected to pave a way for future market
growth of fundus cameras as well.
The fundus cameras market is
broadly categorized into four major segments based on the product type such
asmydriatic fundus cameras, non-mydriatic fundus cameras, hybrid fundus cameras
and ROP fundus cameras. The non-mydriatic fundus cameras is considered as one
of the fastest growing segment in the fundus cameras industry with substantial
revenue generation in the last few years. Growing popularity of the
non-mydriatic fundus cameras segment is attributed to the easy availability and
higher market penetration of the devices. The hybrid fundus cameras segment has
also witnessed substantial growth owing to the use of hybrid technology to
manufacture these devices.
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