Global Ophthalmoscope Market demand is
expected to witness a high growth on account of its increasing incidences of
eye diseases. Usage of this device for initial diagnosis especially in the
treatment of cataract and glaucoma is expected to drive the market over the
forecast period. Ophthalmoscope is designed for the treatment of fundus of the
eye and has revolutionized the medical science associated with retina, optic
disc and vitreous humor. Ophthalmoscope application in the health care sector
for routine eye check-up is the major factor driving the overall market demand.
Almost all ophthalmologists use these devices to monitor their patients for
further diagnosis. As per the Centers for Disease control and Prevention, in
2015, around 11 million American aged 12 could improve their vision through
refractive correction. Such high incidences of vision defects are expected to
provide great opportunities for this device usage.
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Ophthalmoscope Market at:
This device usage in the
treatment of patients suffering from glaucoma is expected to drive the market
over the forecast period. Increasing government initiatives to increase the
vision correction among children is expected to propel the industry growth in
near future. Growing awareness associated with eye treatments is further
anticipated to fuel the demand for these machines. Medical tourism has resulted
in propelling the growth of these devices in countries such as Jordan,
Malaysia, Israel, Singapore and Turkey. These countries known to offer health
care facilities at significantly lower costs are known to attract patients from
across the world. This has increased the purchase of these devices to
accommodate the growing number of eye care patients. The risk associated with
the usage of these machines is expected to pull the market down in the near
future. Also these devices require maintenance which acts a barrier for the
overall industry growth. Doctors need to follow electrical safety for before
use as set by the FDA. Some part of the device is designed to come in contact
with the patient and therefore should be cleaned using disinfectants or
protected by a disposable cover.
Market segmentation is done on
the basis end users which include hospitals and independent medical centers.
Hospitals account for majority of the segment share and is expected to continue
its dominance owing to privatization of health care sector. Independent medical
centre is expected to grow at a slow rate owing to the high costs of this
equipment. North America has been the leading market in recent years in terms
of demand and is expected to continue its dominance owing to developed health
care sector and increasing government initiatives for sophisticated medical
devices. Further, regional demand is followed by Asia Pacific mainly on account
of increasing incidences of cataract and glaucoma. Emerging economies including
India and Malaysia is expected to provide bright opportunities on account of
increasing privatization in healthcare.
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Europe is expected to show a
steady growth over the forecast period owing to government initiatives. Central
and South America is anticipated to witness a substantial growth mainly due to
medical tourism in countries including Mexico, Brazil, Cuba and Ecuador. Africa
is expected to witness a slow growth owing to developing healthcare sector. Key
players operating in the market are Optos, US Ophthalmic, Oftas, Opticlar
Vision, Rudolf Riester, CANON USA, Welch Allyn, NIDEK, Heine, Optopol
Technology, Optovue, Keeler, KaWe, Heidelberg Engineering, Iridex, American
Diagnostic, Oscar Boscarol, Alltion (Wuzhou), Timesco, Honsun, Sonostar
Technologies, OPKO Health, Zumax Medical, Gowllands Medical and Gilras.
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