Retinal Imaging Devices Market Is Anticipated To Progress At A High-Value CAGR Of 7%: Fact.MR Analysis

Retinal Imaging Devices Market Analysis, By Type (Ultra-wide Field Imaging Devices, Fundus Cameras, OCT Devices, Ophthalmic Ultrasound Devices, Fluorescein Angiography Devices), By End User (Hospitals, Ambulatory Surgical Centers, Other), & By Region – Global Market Insights 2023 to 2033

Rockville, Maryland, United States, 19th Jan 2023 – The global retinal imaging devices market is valued at US$ 2.36 billion in 2023 and is predicted to reach US$ 4.64 billion by 2033, as per this latest industry analysis by Fact.MR, a market research and competitive intelligence provider.

A procedure called retinal imaging is employed to examine and assess a patient’s retina. Retinal imaging devices (RID) employ high-resolution imaging technology to take images of the eye’s interior side and to detect and treat eye and related problems such as diabetes, cataracts, and macular degeneration, among others. Medical specialists use the captured image to evaluate the condition of the retina. 

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Key Takeaways from Market Study

• The global retinal imaging devices market is predicted to increase at a CAGR of 7% from 2023 to 2033.
• The United States holds a dominating position in the North American market.
• Germany is the leading market for retinal imaging devices in the European region. 
• Japan & South Korea are developing rapidly due to quick technological advancements in the production of retinal imaging systems.

“The most recent development in the market is sophisticated eye care medical device integration with machine learning (ML) and artificial intelligence (AI),” says a Fact.MR analyst.

Winning Strategy

Acute rivalry and an increase in the number of strategic initiatives taken by both major and minor market competitors are some of the key elements driving the market growth. Mergers and acquisitions are examples of strategic efforts that the top level of the competition pyramid has implemented. The pyramid’s middle and lower levels, on the other hand, emphasize regional growth and technological advancements.

• Optos and Amydis recently declared a clinical partnership. The creation of an eye test by Amydis for the diagnosis of Alzheimer’s disease is the main goal of this cooperation.
• In June 2019, Olympus introduced the MC-20, a 2X teleconverter that works with the firm’s 40-150 F2.8 and 300mm F4 IS Pro lenses. It is freezeproof, dustproof, and splashproof, and it doubles the focal length of the master lens.
• Zeiss launched the ARTEVO 800 in May of 2019 as the first digital microscope for eye surgery. It has DigitalOptics technology, which reduces the amount of light used, increases the depth of field, and creates a true colour impression for greater assurance.

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Competitive Landscape

Existing companies in the retinal imaging devices market are making attempts to upgrade retinal imaging devices in the terms of cost-effectiveness, efficiency, precision, and high-resolution imaging.

Key players in the retinal imaging devices market are introducing advanced technologies with excellent features for private clinics that offer optometry, preventative medicine, or physical examinations. Market participants are also following some local supply strategies such as changing pricing trends and product standards according to local demand.

Some New Developments in the Market :

• Through its subsidiary Canon Medical Systems, Canon has expanded its product range in Europe, including tonometers, completely automatic Ref-Keratometers, digital retinal imaging systems, and optical coherence tomography systems.
• A maker of ophthalmic devices, VISIA Imaging S.r.l., was acquired by Topcon Corporation in July 2021.

Check out more related studies published by Fact.MR Research:

• Optos Plc
• Optomed
• Epipole Ltd
• Topcon Corporation
• ZEISS International
• Olympus
• NIDEK CO., LTD
• Robert Bosch GmbH
• Eyenuk Inc
• Centerveu
• Forus Health

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Key Segments of Retinal Imaging Devices Industry Research

• By Type :
• By End User :
• By Region :
• Ultra-wide Field Imaging Devices
• Fundus Cameras
• Optical Coherence Tomography (OCT) Devices
• Ophthalmic Ultrasound Devices
• Fluorescein Angiography Devices
• Hospitals
• Ambulatory Surgical Centers
• Ophthalmic Care Centers
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• MEA

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global retinal imaging devices market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.

The study divulges essential insights on the market on the basis type (ultra-wide field imaging devices, fundus cameras, optical coherence tomography (OCT) devices, ophthalmic ultrasound devices, fluorescein angiography devices) and end user (hospitals, ambulatory surgical centers, ophthalmic care centers), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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