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Ophthalmic Imaging Equipment Market expected to grow at a CAGR of 4.9% to reach US$ 3.5 Billion by the end of 2033

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Ophthalmic imaging equipment is used for the diagnosis and treatment of eye diseases. These devices capture images of the eye and its structures, such as the retina, cornea, and optic nerve, which help doctors to diagnose and treat eye diseases. The ophthalmic imaging equipment market has experienced significant growth in recent years due to the increasing prevalence of eye diseases, advancements in technology, and the growing demand for non-invasive diagnostic procedures.

The ophthalmic imaging equipment market is segmented by type of device, technology, application, end-user, and region. The type of device segment includes optical coherence tomography (OCT) devices, fundus cameras, ophthalmoscopes, retinal cameras, and others. The OCT devices segment accounts for the largest share of the market due to the high accuracy and non-invasive nature of these devices. The technology segment includes spectral domain OCT, time domain OCT, and others. The application segment comprises glaucoma, diabetic retinopathy, age-related macular degeneration, and others. The end-user segment includes hospitals, clinics, and diagnostic centers.

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The following are a few of the leading companies on the global market for Ophthalmic Imaging Equipment:

Essilor Instruments, Haag-Streit AG, Carl Zeiss AG, Johnson & Johnson Vision Care, Alcon,

Canon Inc., Quantel Medical Inc., Halma plc., Nidek Co., Ltd., Topcon Corporation

North America dominates the ophthalmic imaging equipment market due to the high prevalence of eye diseases, favorable reimbursement policies, and advanced healthcare infrastructure. However, the Asia Pacific region is expected to witness significant growth during the forecast period due to the increasing demand for ophthalmic imaging equipment and the growing number of ophthalmic clinics in the region.

The ophthalmic imaging equipment market is expected to grow at a significant rate during the forecast period due to the increasing prevalence of eye diseases and the growing demand for non-invasive diagnostic procedures. However, the high cost of ophthalmic imaging equipment and the potential risks associated with these devices may hinder market growth. Additionally, the lack of awareness about eye diseases and the limited availability of skilled professionals may also pose a challenge to market players. Overall, the ophthalmic imaging equipment market is expected to witness steady growth due to the increasing demand for non-invasive diagnostic procedures and the ongoing efforts to improve the accuracy and efficiency of ophthalmic imaging equipment.

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Competition Landscape

Companies in the industry are placing a strong emphasis on providing a wide range of ophthalmic clinics and on their involvement in the development of new technology. The market participants place more focus on partnerships and acquisitions with local and regional players.

They are expanding their presence and product availability on a global basis through collaborations and acquisitions with regional players and third-party service providers, and this is expected to drive the growth of the ophthalmic imaging equipment market.

Some key instances of development include:

  • September 2019, Topcon launched the Maestro2 Automated OCT/Fundus Camera with OCT angiography.
  • In June 2020, Quantel Medical completed acquisition of Ellex, including the company’s laser and ultrasound technology solutions.

Key Segments Covered in Global Industry Research

Product:

  • Retina and Glaucoma Examination Products
  • General Eye Examination Products
  • Cornea and Cataract Examination Products
  • Ophthalmic Examination Chairs
  • Ophthalmic Examination Stands

End User:

  • Hospitals
  • Ophthalmology Clinics
  • Optometry Clinics
  • Ambulatory Surgical Centers
  • Optical shop

 About Us

Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

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