Fluorescent Fundus Camera market will grow at a CAGR of 5.80% from 2023-2030: Cognitive Market Research
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Introduction of Fluorescent Fundus Camera
A fluorescent fundus camera is a medical imaging instrument that photographs the optic nerve head and retina. Using fluorescein angiography, retinal blood vessel visualization is accomplished by injecting a dye that glows in the patient's bloodstream. This technique is commonly used for the diagnosis and follow-up monitoring of numerous eye illnesses, including macular degeneration and diabetic retinopathy. Additionally, Forecasts indicate that the market for fluorescent fundus cameras will expand rapidly in the years ahead. The rising incidence of eye diseases, including diabetic retinopathy and macular degeneration, is propelling market demand for fluorescent fundus cameras. New technological features, such as the incorporation of gadgets with artificial intelligence and machine learning algorithms, are also expected to contribute to the expansion of the industry.
For instance, in November 2022, Canon unveiled its first super-telephoto zoom lens, the RF200-800mm f/6.3-9 IS USM, with a maximum magnification of 800mm. Not only is it the first ever super-telephoto zoom lens for full-frame cameras, but its reach goes well beyond that of standard 600mm telephoto zoom lenses on the market. The RF200-800mm f/6.3-9 IS USM is a cheap, weather-sealed, and remarkably portable lens that offers top-notch quality from edge to edge over its entire zoom range.
Key Insights from Fluorescent Fundus Camera Market Report
The Global Fluorescent Fundus Camera market will grow at a CAGR of 5.80% from 2023 to 2030.
Increasing Geriatric Population Increase the Demand for Fluorescent Fundus Camera market Output
The fluorescent fundus cameras are being driven by age-related macular degeneration (AMD), rising incidence of diabetic retinopathy (DR), and glaucoma. Fundus cameras can capture images of the ocular canal. Features like color, redness, and angiogram view are available on these cameras. Designed to capture photos of the eye's inside, the fundus camera consists of a specialized low-power microscope coupled with a camera. The purpose of these photographs is to aid in diagnosing and treating ocular illnesses.
For instance, in May 2023, Optomed, and Thirona Retina, a firm that uses artificial intelligence to analyze retinal images, partnered to sell the handheld fundus camera Optomed Aurora in Europe, certain Middle Eastern nations, and certain Asian countries.
Technology advancements and rising adoption are driving demand for fundus cameras. Developing new fundus camera technologies, such as hybrid models, non-mydriatic models, and handheld fundus cameras, is another factor propelling the fundus market. Another factor that could boost the global market for fundus cameras is the expected increase in the adoption of smartphones with feature cameras. The rising need for early illness diagnosis and tracking, the broad usage of fundus cameras in healthcare facilities and eye clinics, and the development of cost-effective retinal imaging equipment are all driving forces in the advancement of this industry.
For instance, in March 2023, NIDEK CO., LTD is proud to present the 3rd Annual IMAGEs OF THE YEAR Award recipients. We are a world-renowned company specializing in ophthalmology, optometrists, and lens-edging technology. The subject of this year's contest, "invisible to visible," persisted, focusing on the many imaging modalities used by the Mirante Scanning Laser Ophthalmoscope (NIDEK) to aid retina specialists in seeing anatomical components in incredibly fine detail. This year, the novel Retro mode imaging modality was the center of attention for imaging pathology.
Market Dynamics of the?Fluorescent Fundus Camera Market
Fundus cameras can be expensive, and there may not be enough trained specialists in rural areas to support the market. The fundus cameras industry has a chance to capitalize on the growing concern for eye problems and the rising cost of healthcare. Much more money has been set aside for CGI, VFX, a wide range of cameras, and accessories like stabilizers, which could make them less affordable for certain price-sensitive sectors. Technological developments, consumer habits, and business strategies have changed customers' media consumption budgets and lifestyle choices.
Impact of COVID-19 on the Fluorescent Fundus Camera market
The COVID-19 outbreak negatively impacted the global market for fundus cameras because fewer individuals sought appointments with ophthalmologists. As a result of the worldwide COVID-19 epidemic and subsequent shutdown, numerous industries have suffered financial setbacks, including the private healthcare industry. Because of the extensive implementation of lockdown procedures in reaction to the COVID-19 pandemic, the healthcare industry's supply chain has been greatly impacted.
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Competitive Landscape of the Fluorescent Fundus Camera market
The market dynamics research highlights some important market participants. The Fluorescent Fundus Camera market is quite competitive; thus, companies are concentrating on developing and releasing innovative goods to maintain a leading position and achieve long-term success.
Fluorescent Fundus Camera Industry News
Top Companies Market Share in Fluorescent Fundus Camera Industry:
Fluorescent Fundus Camera Market Analysis
Type Segment Analysis
According to Cognitive Market Research, handheld-type fundus cameras held the major market share over the forecast period. Doctors can better look at the retina with a handheld camera, allowing them to compare and contrast more thoroughly. Most patients report feeling more at ease using a handheld fundus camera during their exams than the more invasive and time-consuming process of positioning themselves in a stationary machine. The handheld fundus camera advances telemedicine and captures high-definition images to aid in the early detection of eye disorders. The portable fundus camera is quickly becoming a prominent tool in medical practice worldwide.
Tabletop handheld type fluorescent fundus cameras are the fastest-growing category over the forecast period because handheld cameras that are tabletop in form provide steadier imagery with higher levels of accuracy and precision. Tabletop handheld fundus cameras are useful when shooting with smaller cameras or cell phones. This equipment is used by everyone from expert photographers to video bloggers and even the common consumer who wants to produce clear images or films with a low shutter speed camera. A growing number of independent filmmakers and content creators around the globe are driving demand for handheld-type fundus cameras.
Application Segment Analysis
According to Cognitive Market Research, hospitals hold a prominent market share because hospitals are an essential part of our daily life. A variety of our healthcare demands are met by their departments that are devoted to emergency care, surgeries, and specialist therapies. The fact that they provide vital medical services, improve health, and save lives makes them very important. Hospitals use these cameras to take comprehensive retina pictures, which helps doctors diagnose and track many different kinds of eye ailments and disorders.
Eye clinics are the fastest-growing category over the forecast period because eye clinics provide a wide variety of treatments to maintain and improve eye health beyond simply selling eyeglasses. Fluorescent fundus cameras are must-haves for eye clinics as they record crisp and clear fundus images, which are utilized for patient screenings for eye issues or the management of existing ailments.
In terms of revenue, the North America Fluorescent Fundus Camera Market share was 40% of the total market
According to Cognitive Market Research, North America dominated the market in 2023, accounting for around 40% of the global revenue because more people are paying attention to eye diseases, more money is going into healthcare, and the government is helping to pay for and screen equipment. There is a high likelihood of substantial expansion in the North American market for fundus cameras due to regulatory clearances and the regular requirement to upgrade current equipment.
Asia Pacific is the fastest-growing category because important players are based there, specialist services are readily available, and medical tourism is rising. Another factor propelling the fundus cameras market is the growing consciousness of the need to treat diabetic retinopathy and other retinal and ocular illnesses in the region.
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