Fundus Camera Market Revenue To Surpass $ 735 Million By 2027: Global Market Insights Inc.
SELBYVILLE, Del., August 18, 2021 / PRNewswire / – According to the latest report, Fundus Camera Market by Product (Mydriatic Fundus Cameras, Non-mydriatic Fundus Cameras, Hybrid Fundus Cameras), End Use (Hospitals, Ophthalmology Clinics), Regional Outlook, Price Trends, Competitive Market Share, and Forecast 2027 “, by Global Market Insights Inc., stock market valuation of background cameras will cross $ 735 million by 2027.
A favorable repayment scenario in North America is expected to propel market growth. The Center for Medicaid and Medicare (CMS) in the United States strives to make health insurance readily available. In 2019, Medicare and Medicaid spending increased to 6.7% and 2.9%, respectively. In addition, according to the Center for American Progress (CAP), in 2019, approximately US $ 1.3 trillion was spent on reimbursement for health care in the United States In 2018, the Centers for Medicare and Medicaid (CMS) announced the launch of new policies for the extension of reimbursement of diabetic retinopathy diagnosis by telemedicine. These reforms have helped patients benefit from retinal screening using fundus cameras at a remote site, as well as interpretation by trained eye care professionals.
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The non-mydriatic background cameras market dominated over 58% of the revenue share in 2020 and is expected to reach $ 431 million by 2027. This revenue share is linked to the many advantages offered by non-mydriatic fundus cameras in retinal imaging. The growing preference for painless and early detection of retinal disorders is the primary growth driver of the segment. The advantages of non-mydriatic background cameras will further increase its adoption, thereby accelerating the expansion of the segment. Recent advancements in non-mydriatic fundus cameras, such as a fast focus mechanism to reduce examination time, live action systems to simplify real-time analysis, and a compact design to improve imaging. mobility, will favor the preference for these devices.
The Ophthalmology Clinic segment accounted for 57% of the background camera market share in 2020. The strong patient preference for ophthalmologists and the presence of well-established eye clinics in both developed and developing regions are expected to fuel the growth of the market. segment during the forecast period. In addition, an increasing number of eye care clinics to provide correct diagnosis to patients will increase the growth of the industry. Developing countries in Africa and South Asia have high populations as well as a lack of ophthalmologists and access to affordable ophthalmology services. In order to meet the needs of the affected population in these countries, the commercialization of affordable fundus cameras for smartphones such as Welch Allyn iExaminer, Portable Eye Examination Kit (PEEK) and Filmic Pro is expected to increase.
the Brazil The background cameras market is expected to experience a growth rate of 3.7% by 2027 owing to the high burden of eye disorders and the emergence of mobile eye care units in the country. According to the publication Scielo Brazil 2017, the study to assess the ocular disease burden reported the prevalence of cataracts (6.63%), pterygium (14.05%), glaucoma (1.85%) and diabetic retinopathy (1.59%). According to statistics from Nature Scientific Reports 2018, the prevalence of dry eye has increased in Brazil and reached 12.8% in the five major geopolitical regions of the country. A high number of people suffering from eye disorders will promote the demand for fundus cameras for rapid diagnosis of eye diseases. The advent of mobile health units offering retinal screening as well as other eye care services is poised to drive the expansion of the market.
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Some of the major players operating in the background camera market are Carl Zeiss Meditec AG, Canon United States, TOPCON CORPORATION, Revenio Group Oyj, Kowa American Corporation, NIDEK CO., LTD., OPTOMED LTD and Remidio, among others. These companies are implementing several strategic initiatives such as mergers and acquisitions, research collaborations, term integration, distribution agreements to expand their geographic presence and promote revenue generation.
Table of contents (ToC) of the report:
Chapter 3 Fundus Camera Market Overview
3.1 Industry segmentation
3.2 Industry Landscape, 2016 – 2027 (USD Million)
3.3 Impact factors on the industry
3.3.1 Growth drivers
3.3.2 Pitfalls and challenges of the industry
3.4 Analysis of growth potential
3.4.1 By product
3.4.2 By end use
3.5 COVID-19 impact assessment
3.6 Regulatory landscape
3.7 Technological landscape
3.8 Porter’s analysis
3.9 Competitive landscape, 2020
3.10 PESTEL analysis
Browse the full table of contents (ToC) @ https://www.gminsights.com/toc/detail/fundus-cameras-market
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Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services, offering syndicated and personalized research reports as well as growing consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid in strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Fundus camera market growth forecast at 3.2% through 2027: GMI
Major players in the background camera market include Carl Zeiss Meditec AG, Canon United States, TOPCON CORPORATION, Revenio Group Oyj, Kowa American Corporation, NIDEK CO., LTD., OPTOMED LTD and Remidio.
SOURCE Global Market Insights Inc.