Dublin, May 23, 2024 (GLOBE NEWSWIRE) -- The "Nonmydriatic Handheld Fundus Cameras - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Nonmydriatic Handheld Fundus Cameras Market to Reach $259 Million by 2030
The global market for Nonmydriatic Handheld Fundus Cameras estimated at US$149.4 Million in the year 2023, is projected to reach a revised size of US$259 Million by 2030, growing at a CAGR of 7.1% over the analysis period 2023-2030.
Non-mydriatic fundus cameras are emerging as the preferred choice over mydriatic cameras in the field of ophthalmology. The competition in this market is intensifying, with nonmydriatic handheld fundus cameras capturing significant market share in 2023. The competitive landscape shows strong, active, niche, and trivial players making their presence felt worldwide.
These cameras are emerging as an effective screening tool for retinal diseases, benefiting from the aging global population and the rising prevalence of chronic medical conditions that lead to increased incidences of eye disorders. This trend is expected to continue driving market gains, making non-mydriatic fundus cameras an essential tool in modern ophthalmology.
Ophthalmology Clinics, one of the end-use segments analyzed in the report, is projected to record 7.4% CAGR and reach US$159.8 Million by the end of the analysis period. Growth in the Hospitals end-use segment is estimated at 6.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $45.2 Million, While China is Forecast to Grow at 8.2% CAGR
The global market outlook for non-mydriatic fundus cameras is promising, driven by robust demand. Several factors are creating an ideal landscape for market growth, including the portability of non-mydriatic handheld fundus cameras, which enhances their appeal. Developed regions, particularly North America, are leading the market, while developing economies are expected to fuel future growth.
The Nonmydriatic Handheld Fundus Cameras market in the U.S. is estimated at US$45.2 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$30.3 Million by the year 2030 trailing a CAGR of 8.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 6.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR.
Recent market activities highlight the rising prevalence of eye disorders, which presents a favorable outlook for nonmydriatic portable fundus cameras. Key statistics on ophthalmic diseases and the prevalence of adult vision impairment and age-related eye diseases in the US underscore the growing need for effective screening tools. The global causes of visual impairment show a significant number of cases, further driving the demand for portable nonmydriatic fundus cameras.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 149 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $149.4 Million |
| Forecasted Market Value (USD) by 2030 | $259 Million |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Retinal Diseases and Fundus Cameras
- An Introduction to Nonmydriatic Handheld Fundus Cameras
- Non-Mydriatic Fundus Cameras Outshine Mydriatic Cameras for Ophthalmology
- Competition
- Nonmydriatic Handheld Fundus Cameras - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Global Market Prospects & Outlook
- Non-Mydriatic Fundus Cameras Market to See Brighter Days Ahead with Robust Demand
- Drivers Creating Perfect Landscape for Non-Mydriatic Fundus Cameras Market
- Portability Aspect of Non-Mydriatic Handheld Fundus Cameras Drives Market Growth
- Developed Regions Lead - North America as Star Region of Global Non-Mydriatic Fundus Cameras Market, Developing Economies to Fuel Future Growth
- Select Portable Fundus Cameras:
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Rise in Prevalence of Eye Disorders Present Favorable Outlook for Nonmydriatic Portable Fundus Cameras
- Key Ophthalmic Disease Statistics
- Prevalence of Adult Vision Impairment and Age-Related Eye Diseases in the US
- Global Causes of Visual Impairment: Percentage Breakdown by Number of Cases
- Portable Nonmydriatic Fundus Cameras Emerge as Effective Screening Tool for Retinal Diseases
- Aging Global Population & Rising Prevalence of Chronic Medical Conditions Lead to an Increase in Incidence Eye Disorders, Driving Market Gains
- Growing Diabetic Population and Increasing Risk of Diabetic Retinopathy to Fuel Need for Ophthalmic Screening Devices, Benefiting Market Growth
- Number of Adults Diagnosed with Diabetes (in Million) by Gender for 2019, 2030 and 2045
- Age-Related Macular Degeneration (AMD): A Major Vision Disorder Presenting Opportunities for Fundus Cameras Market
- Global Population with Age-Related Macular Degeneration: 2016-2030
- Glaucoma Prevalence and Need for Screening to Fuel Sales of Nonmydriatic Fundus Cameras
- Global Population with Glaucoma: 2016-2030
- Handheld Non-Mydriatic Fundus Cameras Effective in Glaucoma Detection Vs Table-Top Fundus Camera
- Leading Models of Portable Fundus Cameras for Screening Glaucoma
- Non-Ophthalmological Uses of Nonmydriatic Fundus Imaging to Boost Market
- Technological Advancements to Spearhead Future Market Growth
- A Novel Non-Mydriatic Portable Fundus Imaging Solution Emerges
- Smartphone-Based Fundus Cameras
- Portable Smartphone-Based fundus Camera for Diabetic Retinopathy Screening: Comparison of Select Devices
- AI-based Non-Mydriatic Handheld Fundus Cameras: A Leap Forward for Eye Screening
- Rise of AI-Powered Non-Mydriatic Handheld Devices
- AI Comes to the Aid for Effective and Faster Screening and Diagnosis of Diabetic Retinopathy Using Fundus Imaging
- Rising Healthcare Spending and Focus on Quality & Affordable Care Delivery to Boost Market Prospects
FOCUS ON SELECT PLAYERS (Total 46 Featured)
- Canon, Inc.
- Carl Zeiss Meditec AG
- Kowa Company Ltd.
- NIDEK Co., Ltd.
- Optomed Oy (Ltd.)
- Optovue Incorporated
- Topcon Corporation
- Veatch Ophthalmic Instruments
- Volk Optical, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/sbcw5e
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