Retinal Imaging Devices Market Size, Share, And Growth Report 2032

Retinal Imaging Devices Market Size

The global Retinal Imaging Devices market size was worth around USD 5.77 billion in 2023 and is predicted to grow to around USD 9.34 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.7% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Retinal Imaging Devices market on a global and regional level.

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Retinal Imaging Devices Market Overview

Retinal imaging takes the back of your eye with a digital photo. This reveals the retina (where light and objects hit), the optic disk (a spot on the retina containing the optic nerve, transmitting information to the brain), and the blood vessels. It helps find out conditions for your optometrist or ophthalmologist and check your eyes ' health.

The factors contributing to the largest market share are the high prevalence of ophthalmic disorders, the rapid adoption rate of advanced technology, and the presence of a large number of international players on the market. Monaco, an ultra-widefield combination imaging device in the US, was launched by Optos in May 2018.

During the forecast period, intense rivalry and a rising amount of strategic initiatives among both major and smaller market players are some of the major factors that play a significant role in boosting the market. Strategic initiatives taken by the competitive pyramid's top level include mergers and acquisitions.

On the other hand, the middle and lower pyramid levels focus on the development of technology and regional expansion. Optos and Amydis, for example, announced a clinical collaboration in 2018.

The alliance focuses on Amydis ' eye test development for Alzheimer's disease identification. Amydis often produces a pipeline of compounds used by Optos ' ultra-widefield retinal imaging instruments to detect amyloid proteins in the retina.

In addition, large hospitals are deploying innovative retinal imaging systems to improve ophthalmic disease early diagnosis. Hospitals in Guangdong, China, for instance, are increasingly installing AI cameras to identify diseases that cause blindness. This deployment of AI cameras is expected to contribute to the adoption of retinal imaging tools for free consultations.

The study includes drivers and restraints for the Retinal Imaging Devices market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Retinal Imaging Devices market on a global level.

In order to give the users of this report a comprehensive view of the Retinal Imaging Devices market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Type, End-user, and regional segments are benchmarked based on their market size, growth rate, and general attractiveness.

Retinal Imaging Devices Market: Segmentation

The study provides a decisive view of the Retinal Imaging Devices market by segmenting the market based on Type, End-user, end user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Based on Type, the market is segmented into Fundus Camera, Optical Coherence Tomography, and Fluorescein Angiography. Fundus camera held the largest market share in 2018 due largely to the benefits of this device such as portability and ergonomics. In addition, it is projected that the increasing number of fundus camera installations with an increasing number of ophthalmic clinics and outpatient eye care centers would drive market growth.

Based on End-user, the market is segmented into Hospitals, ASCs, Ophthalmic Centers, and Others. In 2018, hospitals hold the largest share of the market. It is expected that the high adoption of advanced retinal imaging devices in hospitals would drive growth in the market.

Retinal Imaging Devices Market: Report Scope

Retinal Imaging Devices Market: Regional Analysis

The geographical segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, North America retained the maximum share of the total market for retinal imaging devices in the world.

Retinal Imaging Devices Market: Competitive Players

Key players within global Retinal Imaging Devices market include:

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

The Global Retinal Imaging Devices Market is segmented as follows:

Global Retinal Imaging Devices Market: Type Segment Analysis

• Fundus Camera
• Optical Coherence Tomography
• Fluorescein Angiography

Global Retinal Imaging Devices Market: End user Segment Analysis

• Hospitals
• ASCs
• Ophthalmic Centers
• Others

Global Retinal Imaging Devices Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa