Fundus Cameras Market – By Product (Mydriatic [Tabletop, Handheld], Non-Mydriatic [Tabletop, Handheld], Hybrid Fundus Cameras), By End-use (Hospitals, Ophthalmology Clinics) & Global Forecast (2024 – 2032)

Fundus Cameras Market Size

Fundus Cameras Market size was valued at USD 498.1 million in 2023 and is expected to exhibit growth at a CAGR of 4.6% from 2024 and 2032. High market growth can be attributed to the ongoing advancements in imaging technology, increasing prevalence of eye diseases, rising geriatric population, and growing focus on preventive eye care, among other contributing factors.
 

Fundus cameras are specialist medical equipment that take images of the back of the eye, especially the retina, optic disc, macula, and blood vessels. The retina is a light-sensitive tissue that lines the inner surface of the eye. It plays an important part in vision by converting light into neural signals that are conveyed to the brain. The increasing prevalence of eye diseases such as diabetic retinopathy, age-related macular degeneration (AMD), glaucoma, and retinal detachment is a significant driver for the fundus cameras market.
 

For instance, according to the Center for Chronic Disease Prevention (CDC), in 2021, approximately 9.6 million individuals in the U.S. had diabetic retinopathy (DR), covering all ages. These conditions often require regular monitoring and assessment of retinal health, driving the demand for fundus cameras as essential diagnostic tools for early detection, diagnosis, and management of eye diseases.
 

Furthermore, growing healthcare expenditure, both in developed and developing countries, leads to increased investment in medical equipment and infrastructure. Healthcare facilities prioritize the procurement of advanced diagnostic tools like fundus cameras to improve patient care and outcomes, thereby stimulating market growth.
 

Fundus Cameras Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as continuous innovations in fundus camera design, rise of teleophthalmology, growing adoption of hybrid imaging systems, surging demand for integrated electronic health records (EHR) systems, and emergence of point-of-care testing, among other factors are propelling the industry growth.
 

• Continuous advancements drive innovation in fundus camera design and functionality. Manufacturers are incorporating features such as higher resolution sensors, wider field of view, improved image processing algorithms, and enhanced connectivity options. Additionally, there's a growing focus on developing portable and handheld fundus cameras, enabling greater accessibility to remote and underserved areas.
   
• Moreover, the integration of AI algorithms into fundus cameras enables automated image analysis, detection of retinal abnormalities, and assistance in diagnosis. AI-powered software can analyze fundus images for signs of diabetic retinopathy, AMD, glaucoma, and other conditions, aiding healthcare professionals in early detection and management. This trend enhances diagnostic accuracy, efficiency, and scalability of eye care services, thereby aforementioned factors are expected to drive the market.
   

Fundus Cameras Market Analysis

Based on product, the market is categorized into mydriatic fundus cameras, non-mydriatic fundus cameras, and hybrid fundus cameras. The non-mydriatic fundus cameras generated the highest revenue of USD 296.7 million in 2023.
 

• Due to the absence of pupil dilation, non-mydriatic fundus cameras offer a more convenient and less intimidating imaging option for patients. This leads to higher patient compliance with retinal screening recommendations, particularly among individuals who may be hesitant to undergo traditional mydriatic imaging due to fear of discomfort or inconvenience.
   
• Additionally, the convenience and accessibility of non-mydriatic fundus cameras enable healthcare providers to expand retinal screening programs to broader patient populations, including those who may not have easy access to eye care services or who are unable to undergo pupil dilation due to contraindications or preferences. This broader reach enhances early detection and intervention for sight-threatening eye diseases such as diabetic retinopathy and glaucoma, thus leading to the segmental growth.
   

Based on end-use, the fundus cameras market is segmented into hospitals, ophthalmology clinics, and other end-users. The ophthalmology clinics segment dominated the market in 2023 with a market share of 57.6%.
 

• Ophthalmology clinics prioritize diagnostic accuracy and early detection of eye diseases to provide timely interventions and prevent vision loss. Fundus cameras play a crucial role in this regard by enabling detailed imaging of the retina and optic nerve, facilitating the detection of retinal abnormalities, such as diabetic retinopathy, age-related macular degeneration (AMD), and glaucoma, at their earliest stages.
   
• Moreover, fundus cameras are integral components of comprehensive eye examinations conducted in ophthalmology clinics. These examinations assess the health of the entire eye, including the retina, macula, optic nerve, and blood vessels. Fundus imaging provides valuable insights into retinal anatomy, pathology, and vascular changes, aiding in the diagnosis and management of a wide range of ocular conditions.
   

North America fundus cameras market accounted for USD 205.3 million market revenue in 2023 and is anticipated to grow at CAGR of 4.1% between 2024 – 2032 period.

• North America is a hub for technological innovation in healthcare, including ophthalmic imaging devices. Manufacturers in the region invest heavily in research and development to enhance the capabilities of fundus cameras, such as improving imaging resolution, increasing automation, and integrating artificial intelligence (AI) in healthcare for image analysis. These advancements drive adoption rates and contribute to the overall growth of the market.
   
• Further, there is a growing emphasis on preventive healthcare in region, driven by efforts to reduce healthcare costs and improve patient outcomes. Fundus cameras play a crucial role in preventive eye care by enabling early detection of eye diseases and facilitating timely interventions. Healthcare providers and policymakers promote regular eye examinations, including retinal screenings, to detect and manage eye conditions before they progress to advanced stages, leading to the regional growth.
   

The U.S. held a dominant position in the fundus cameras market, with a revenue of USD 192.1 million in 2023.
 

• The U.S. boasts advanced healthcare infrastructure, including hospitals, clinics, and specialized eye care centers equipped with state-of-the-art medical equipment. Ophthalmology practices in the U.S. prioritize investment in advanced diagnostic tools like fundus cameras to provide high-quality care and maintain competitiveness. The availability of advanced healthcare facilities fosters the adoption of innovative technologies and drives market growth for fundus cameras.
   
• Moreover, telemedicine adoption has surged in the U.S., especially in response to the COVID-19 pandemic and the need for remote healthcare delivery. Fundus cameras play a crucial role in teleophthalmology and remote patient monitoring by enabling remote capture and transmission of retinal images for expert consultation. Telemedicine initiatives expand access to eye care services, particularly in underserved rural areas, driving demand for fundus cameras across the country.
   

Germany fundus cameras market is projected to grow remarkably in the coming years.
 

• The highest growth in the country is attributed to the growing advanced healthcare infrastructure, high prevalence of eye diseases, strong emphasis on preventive healthcare, and surging demand for telemedicine and remote monitoring, among other contributing factors.
   
• Moreover, the country places a strong emphasis on preventive healthcare and early disease detection to improve patient outcomes and reduce healthcare costs. Fundus cameras play a crucial role in preventive eye care by enabling early detection of eye diseases and facilitating timely interventions. Healthcare providers and policymakers promote regular eye examinations, including retinal screenings, to detect and manage eye conditions before they progress to advanced stages.
   

Japan holds a dominant position in the Asia Pacific fundus cameras market.
 

• Japan has one of the world's oldest populations, with a significant proportion of elderly individuals. For instance, according to the data published in 2023, by World Economic Forum, the population of Japan aged 65 and over is predicted to be 36.35 million.
   
• The aging demographic contributes to a higher prevalence of age-related eye diseases such as age-related macular degeneration (AMD), diabetic retinopathy, and glaucoma. As these conditions require regular monitoring and early detection for effective management, there is a high demand for fundus cameras in ophthalmology clinics and eye care centers across the country.
   

Fundus Cameras Market Share

The market exhibits a diverse landscape with several key players competing for market share globally. Leading manufacturers focus on product development, strategic collaborations, and geographic expansion to strengthen their market position and cater to the evolving needs of healthcare providers and patients. Additionally, emerging players and startups are entering the market with niche offerings and disruptive technologies, contributing to market competitiveness and innovation. As the demand for fundus cameras continues to rise due to the increasing prevalence of eye diseases, aging demographics, and technological advancements, market players are poised to capitalize on growth opportunities and expand their market share through differentiated product offerings and targeted market strategies.
 

Fundus Cameras Market Companies

Prominent players operating in the fundus cameras industry include:

• Canon U.S.A.
• Carl Zeiss Meditec AG
• Forus Health
• Kowa American Corporation
• NIDEK CO., LTD.
• OPTOMED LTD.
• Optovue, Inc.
• Remidio
• Revenio Group Oyj
• Samsung Electronics
• Topcon Corporation
   

Fundus Cameras Industry News:

• On May 2024, Optomed USA, Inc. has announced the release of the Optomed Aurora AEYE, a portable AI fundus camera that detects more than mild diabetic retinopathy. It allows diabetic patients in primary care to receive on-the-spot eye examinations and rapid retinopathy identification before being directed to an eye care expert.
   
• In March 2022, Epipole has announced the global launch of its new epiCam fundus camera in the US eye care industry. The epiCam is a powerful, ultra-portable wireless fundus camera that uses epipole's video direct ophthalmoscopy (VDO) platform to capture live, high-resolution video footage of the live retina as well as accompanying still photos.
   

The fundus cameras market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

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Market, By Product

• Mydriatic fundus cameras
  • Tabletop
  • Handheld
• Non-mydriatic fundus cameras
  • Tabletop
  • Handheld
• Hybrid fundus cameras

Market, By End-use

• Hospitals
• Ophthalmology clinics
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Poland
  • Sweden
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Philippines
  • Vietnam
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Chile
  • Peru
  • Rest of Latin America
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Turkey
  • Israel
  • Iran
  • Rest of Middle East and Africa