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Global Fundus Camera Market Assessment & Forecast: 2017 - 2021

Global Fundus Camera Market Assessment & Forecast: 2017 - 2021

  • March 2017
  • 68 pages
  • ID: 4937586
  • Format: PDF
  • By Spearhead Acuity

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According to the new report “Global Fundus Camera Market Assessment & Forecast 2017 - 2021” by SA-Business Research & Consulting Group, refurbished fundus camera market accounted for 24% of the total market and expected to grow with a CAGR of 2.8% from 2017 to 2021.

Fundus camera market is currently experiencing technological evolution that has accelerated the overall market growth. Advent of handheld and smartphone fundus camera has enabled on-field application. This flexibility in essential in providing medical care in remote areas where patients are reluctant to travel distances to visit ophthalmologists. Low cost and quick results in digitalized form has allowed rapid penetration in low-income countries in Asia, Latin America and Africa, where patients do have access to even basic medical care. Gradual obsolescence of mydriatic fundus cameras due to replacement with new technology versatile devices has also been a major driver for the fundus camera market to grow globally. Mydriatic cameras are experiencing stagnant growth in Latin America, as the availability of these cameras is becoming scares as not many players manufacture these cameras. Hence institutions looking for low cost temporary alternatives have to seek for refurbished mydriatic fundus cameras. Hybrid fundus cameras being more expensive and versatile are a part of larger hospitals in low and middle income countries. The demand for these cameras is increase rapidly alongside non-mydriatic fundus cameras, especially in North America and Europe. Currently hybrid fundus cameras account for 37% of the overall fundus camera market in Asia Pacific region.

Fundus camera market has been majorly concentrated in North America region and has now reached near saturation. With increasing penetration in rural areas and support from gradual developing healthcare sector, developing countries would witness faster growth throughout the forecast period. Currently North America accounts for 45% share of the global fundus camera market and is expected to witness slower growth as compared to other geographies. North America also has the lowest percentage of refurbished devices sale. In spite of slower growth, new devices with latest technology are being introduced in the region. Optovue received FDA approval for its iCam non-mydriatic compact fundus camera in 2013. In 2015, Zeiss introduced two new non-mydriatic fundus cameras VISUCAM 224 and VISUCAM 524 at the American Academy of Ophthalmology (AAO) in Las Vegas. Later in 2016, Welch Allyn also introduced RetinaVue 100 Imager a handheld fundus camera for diabetic retinopathy screening.

Key Players in the global fundus camera market include Canon, Inc., Carl Zeiss Meditec AG, CenterVue SpA, Epipole Ltd., Forus Health Pvt. Ltd., Kowa Company Ltd., Natus Medical, Nidek Co., Ltd., Optomed Oy (Ltd.), Optos plc., Remidio Innovative Solutions Pvt. Ltd, Topcon Medical Systems, Inc., Volk Optical Inc., and Welch Allyn, Inc.

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