Fundus Cameras Market Size

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.

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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.