Fundus Cameras Market Size, Share & Industry Analysis, By Product Type (Mydriatic Fundus Camera, Non-Mydriatic Fundus Camera, Hybrid Fundus Camera, Others), By Distribution Channel (Hospitals, Specialty Clinics, Others) And Regional Forecast, 2024-2032

A fundus camera is mainly used to photograph the interior of the eye to detect any eye-related disorders. The device is a specialized low power microscope with an attached camera to it. According to World Health Organization (WHO) in 2020, globally there are at least 2.2 billion people with near or distance vision impairment. Also, there are millions who suffer from undressed refractive error, cataract, glaucoma, corneal opacities, diabetic retinopathy, and trachoma. This is mainly attributable in contributing to the growth of the fundus cameras market. Advancements in the fundus camera market such as incorporation of artificial intelligence, digital technology, and many others is driving the market growth during the forecast duration.

The major factor driving the global fundus cameras market is the increase in the prevalence of eye-related disorders in patients of all aged types. Additionally, rise in the prevalence of diabetic retinopathy is also another factor contributing to the growth of the market.

However, higher cost associated with the device is likely to cause a hindrance in the growth of the market.

Market Segmentation:

By product type, the global fundus camera market is segmented into mydriatic fundus camera, non-mydriatic fundus camera, hybrid fundus camera, and others. Based on end user, the market is classified as hospitals, Specialty clinics, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The major companies in the global fundus cameras market report includes Topcon Medical Systems Inc., Canon Inc., Carl Zeiss Meditec Inc., CenterVue SpA, NIDEK Co., Ltd, Optomed Oy Ltd., Kowa Company Ltd., Clarity Medical Systems Inc., and other prominent players.

Key Insights

• New Product Launch


• Snapshot of Technological Advancements in the Fundus Camera Market


• Prevalence of Key Diseases - For Key Regions/Countries


• COVID-19 Impact on the Global Fundus Camera Market


• Key Industry Developments – Mergers, Acquisitions, and Partnerships

Regional Analysis:

The global fundus camera market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the global market in 2019, owing to higher prevalence of eye-related disorders in U.S. This has led to increase in the patient visit at the nearby hospital or clinics leading to growth of the fundus camera market in the region.  Moreover, presence of strong key players in the region and launch of sophisticated devices is another factor contributing to the growth of the market. Europe held the second position in the global market owing to the regular CE approvals of the products in the region leading to greater adoption of the devices. Additionally, Asia Pacific is anticipated to have higher CAGR during the forecast period due to increasing diabetic retinopathy patient pool in the region coupled with other eye-related disorders. Also, government initiatives in promoting eye care management is leading to awareness in the region. Latin America and Middle East & Africa are likely to experience a slower growth in the market owing to lesser adoption of the advanced devices in the region.

Segmentation

Fundus Camera Industry Developments

• In November 2020, Optomed announced the launch of Aurora IQ, a handheld fundus camera with integrated artificial intelligence for faster eye screening.


• In November 2020, Volk Optical announced the launch of VistaView, a portable mydriatic fundus camera with an aim to eradicate preventable blindness through accessible imaging of eye.