San Francisco, 19 December 2018: The Report Nonmydriatic Handheld Fundus Camera Market Analysis Report By Region (North America,
Europe, Asia Pacific, Latin America, Middle East & Africa), And Segment
Forecasts, 2018 - 2025
The global nonmydriatic handheld fundus camera market size is expected to reach USD 186.4 million by 2025, according to a new report by Grand View Research, Inc., registering a 9.1% CAGR during the forecast period. Increasing geriatric population has resulted in higher prevalence of age-related macular degeneration (AMD). Furthermore, rising incidence of diabetic retinopathy is expected to increase demand for ophthalmic screening devices, subsequently driving demand for nonmydriatic handheld fundus cameras.
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| Nonmydriatic Handheld Fundus Camera Market |
According to laws and regulations by
various medical devices agencies in U.S. as well as Japan, fundus imaging
cameras must be replaced once in every four years. Hence, demand for these
devices is likely to increase in these developed countries in the coming years.
Supportive government regulations such as these are likely to have a positive
impact on the nonmydriatic handheld fundus camera market.
Approximately 80.0% cases of blindness due
to chronic diseases can be avoided by continuous and effective screening.
Screening is the only way of detecting eye diseases at an early stage. In U.S.,
fundus photography procedures are covered by Medicare under CPT code 92250.
Growing insurance coverage for such procedures is also likely to boost demand
for handheld fundus cameras.
Access Research Report of Nonmydriatic Handheld Fundus Camera
Market @ www.grandviewresearch.com/industry-analysis/nonmydriatic-handheld-fundus-camera-market
Further key findings from the report suggest:
· Demand for portable fundus cameras is
expected to grow at a rapid rate due to its ergonomic design and user
convenience. This is expected to contribute to the growth of the nonmydriatic
handheld fundus camera market
· According to the National Eye Institute,
the number of people suffering from diabetic retinopathy, aged 40 and above, in
U.S. is estimated to reach 11.4 million by 2030
· North America held a majority market share
in 2017 due to increasing prevalence of vision related disorders, growing
awareness about their treatments, and technological advancements in digital
medical devices
· Government initiatives being undertaken for
quality, affordable, and speedy healthcare delivery are likely to drive the
market. Medicare, for instance, covers the cost of cataract surgery, ocular
prosthesis, and glaucoma screening
· Increasing number of product approvals in
U.S. has led to adoption of improved technologies by ophthalmologists. For
instance, Topcon Medical Systems received clearance for 3D OCT-1 Maestro from
the U.S. FDA in July 2016
· Asia Pacific is anticipated to be one of
the fastest growing regional markets over the forecast period due to presence
of a large patient pool, improved healthcare services, and increasing medical
tourism in the region
· Some of the key companies active in the
market are Topcon Medical Systems, Inc.; Carl Zeiss Meditec Group; Optomed Oy
(Ltd.); OptoVue, Inc.; NIDEK Co., Ltd.; Canon, Inc.; and Clarity Medical
Systems, Inc.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global nonmydriatic handheld fundus camera market based on region:
Nonmydriatic Handheld Fundus Camera Region
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Nonmydriatic Handheld Fundus Camera Market@ www.grandviewresearch.com/press-release/global-nonmydriatic-handheld-fundus-camera-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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