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Fundus Cameras Market Trends

Report ID: GMI4326
Published Date: May 2024
Report Format: PDF

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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.

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Fundus cameras industry size was worth USD 498.1 million in 2023 and is projected to expand at 4.6% CAGR from 2024 to 2032, due to the ongoing advancements in imaging technology, increasing prevalence of eye diseases and growing focus on preventive eye care.

Non-mydriatic fundus cameras industry recorded USD 296.7 million in revenue in 2023 and is estimated to grow at notable CAGR between 2024 and 2032, as they offer a more convenient and less intimidating imaging option for patients.

The ophthalmology clinics end-use segment in the fundus cameras industry accounted for 57.6% share in 2023 and is projected grow at significant rate from 2024 to 2032, due to the prioritization of diagnostic accuracy and early detection of eye diseases to provide timely interventions and prevent vision loss.

North America fundus cameras industry size recorded USD 205.3 million in 2023 and is projected to grow at 4.1% CAGR between 2024 and 2032, led by the growing emphasis on preventive healthcare in region, driven by efforts to reduce healthcare costs and improve patient outcomes.