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2021

Fundus Camera Market

Fundus Camera Market Size, Share, Competitive Landscape and Trend Analysis Report by Product, Portability and End User : Global Opportunity Analysis and Industry Forecast, 2021-2030

LS : Healthcare

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Author's: Apoorva Srivastava | Roshan Deshmukh
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Fundus Camera Market Overview:

The global fundus camera market size was valued at $445.60 million in 2020, and is estimated to reach $710.20 million by 2030, growing at a CAGR of 4.50% from 2021 to 2030. Fundus cameras are used to capture images of the interior of the eye. These cameras include features such as angle variations, color, red-free and angiography imaging. A fundus camera comprises a specialized low power microscope with an attached camera to take interior images of the eye. These images are used for identification and care of various eye diseases. It is a perfect competition market with the presence of numerous market players and buyers. The fundus camera market players are competing based on price, product innovation, and quality.

The COVID-19 pandemic has a severe global impact on population health as well as a significant economic impact on majority of countries. The pandemic has put enormous strain on the world's healthcare systems. During this time, health care institutions and providers have been told to avoid performing elective surgical procedures and medical examinations to slow disease spread and conserve health care resources for COVID-19 patients. Many ophthalmology departments have witnessed a significant decrease in imaging case volume. Depending on the location of practice and the severity of the COVID-19 pandemic in each region, ophthalmology clinics are expected to witness 50% to 70% decline in imaging volume that will persist for at least 3 to 4 months while the future appears to be uncertain due to COVID-19. 

Fundus-camera-market-2021-2030

The prevalence of diabetes retinopathy, cataract, conjunctivitis, retinal disorders and age-relate macular degeneration are said to increase with the rising ageing population. In addition, findings also reveals that children are also more prone to develop eye disorders such as glaucoma, conjunctivitis and night blindness among others. Vision loss due to eye diseases is a major health problem, which immensely affects the quality of life. 

Vision loss is the third largest cause of impairment after anemia and hearing loss. As per the sciencedirect, in 2020, across the globe approximately 38.5 million people were registered as blind. Cataract is the other most commonly observed eye disorder that is found in the developing nations were the access to the qualified professionals is less. Therefore, the cataract is responsible for more than 50% cases of blindness in some of the areas, which is expected to increase the demand for ophthalmologists. Thus, owing to the above mentioned factors, the market for fundus camera is projected to register growth in the future.

Fundus Camera Market Segmentation

The fundus camera market is segmented on the basis of product type, application, end-user, and region. By product type, the market is categorized into consumables, injector systems, and accessories. By application, it is fragmented into radiology, interventional cardiology, and interventional radiology. By end user, it is segregated into hospitals, ambulatory surgery centers, and diagnostics imaging centers.

Fundus Camera Market
By Product
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Non-Mydriatic Fundus Cameras segment holds the dominant position in 2020 and would continue to maintain the lead over the forecast period.

Region-wise, the fundus camera market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Fundus Camera Market
By Portability
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Tabletop segment is projected as one of the most lucrative segments.

Segment review

On the basis of product type, the non-mydriatic cameras segment was the major revenue contributor in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to ability of a non-mydriatic cameras to view detailed retinal anatomy and, thereby, improve the diagnosis and management of eye disorders. In addition, non-mydriatic cameras advancements such as fluorescein imaging, mobility, and live-action systems are expected to drive the market throughout the forecast years. On the basis of portability, the tabletop segment dominated the fundus camera market in 2020, and is anticipated to continue this trend during the forecast period. This is attributed to advantages of these cameras as they offer more patient-friendly photography of the fundus by eliminating the use of bright lights and dilating drops.

Fundus Camera Market
By End User
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Hospitals segment holds the dominant position in 2020 and would continue to maintain the lead over the forecast period.

Region wise, North America was the largest shareholder in the global fundus camera market in 2020. Diabetes has become much more prevalent in North America during the last decade and diabetic patients are at a much higher risk for diabetic retinopathy than non-diabetics. Moreover, rise in geriatric population, increased healthcare expenditure, and government support for reimbursement and device screening is also responsible for the growth of the market in this region. On the other hand, Asia-Pacific is expected to witness growth at the fastest rate during the forecast period, due to local presence of key players, availability of expert services, and growing medical tourism. Increased awareness in the region about retinal and ocular illnesses as well as rising awareness about treating diabetic retinopathy, is also driving the fundus cameras market.

Fundus Camera Market
By Region
2030
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 5.00% during 2021-2030

The key players operating in the global - include Carl Zeiss Meditec AG, Kowa Company, Ltd., Optomed Plc, Optovue Incorporated, Topcon Corporation, Clarity Medical Systems, Inc., Canon Inc., Epipole Ltd, Revenio Group Corporation (Centervue SPA), and Clarity Medical Systems, Inc.

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the fundus camera market and the current trends and future estimations to elucidate the imminent investment pockets.
  • It presents a quantitative analysis of the fundus camera market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
  • Extensive analysis of the market based on procedures and services assists to understand the trends in the fundus camera industry.
  • Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the fundus camera market.

Key Market Segments

By Product

  • Mydriatic Fundus Cameras
  • Non-Mydriatic Fundus Cameras        
  • Hybrid Fundus Cameras        
  • ROP Fundus Cameras

By Portability

  • Handheld        
  • Tabletop     

By End User

  • Hospitals 
  • Ophthalmology Clinics 
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA

Key Market Players 

  • Carl Zeiss Meditec AG
  • Kowa Company, Ltd. 
  • Optomed Plc
  • Optovue Incorporated
  • Topcon Corporation
  • Clarity Medical Systems, Inc.
  • Canon Inc.
  • Epipole Ltd
  • Revenio Group Corporation (Centervue SPA)
  • Clarity Medical Systems, Inc.

Fundus Camera Market Report Highlights

Aspects Details
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By Product
  • Mydriatic Fundus Cameras
  • Non-Mydriatic Fundus Cameras
  • Hybrid Fundus Cameras
  • ROP Fundus Cameras
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By Portability
  • Handheld
  • Tabletop
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By End User
  • Hospitals
  • Ophthalmology Clinics
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Optomed Plc, Epipole Ltd, Canon Inc., Carl Zeiss Meditec AG, Revenio Group Corporation (Centervue SPA), Optovue Incorporated, Kowa Company, Ltd., Topcon Corporation, Clarity Medical Systems, Inc.

Analyst Review

According to perspective of CXOs of the leading companies, the global fundus camera market gained prominence in 2020, and is expected to witness a significant rise in the near future. This is attributed the rise in incidence of retinal problems due to rise in elderly population and chronic diseases such as diabetes and hypertension. Diabetic Retinopathy (DR), Age-related Macular Degeneration (AMD), and Retinopathy of Prematurity (ROP) are some of the most common retinal diseases. In addition, rising awareness about eye disorders and the introduction of a number of technologically improved goods are expected to move the market forward throughout the forecast period. These are the factors that reinforce the growth of the market. However, high cost associated with the fundus camera is expected to hamper the market growth. 

Many significant key players across the globe are planning to expand their production capacities and delivery services in order to meet the rising demand due to the pandemic, which is expected to offer high growth opportunities to the key players. 

Advancements in digital camera, red-free fundus camera, film-based fundus camera to the development of other for clear and in-depth fundus imaging as well as the growing adoption of these new technologies in emerging countries, which are expected to drive demand for these products during the forecast period. Furthermore, market expansion is projected to be aided by favorable government policies.
 

Author Name(s) : Apoorva Srivastava | Roshan Deshmukh
Frequently Asked Questions?

The total market value of fundus camera market is $445.60 million in 2020.

The forcast period for fundus camera market is 2021 to 2030

The market value of fundus camera market in 2030 is $710.20 million.

The base year is 2020 in fundus camera market

Top companies such as Canon, Inc., Topcon Medical, Systems, Inc., NIDEK Co., Ltd., CenterVue SpA, Carl Zeiss Meditec, Inc. held a high market position in 2020. These key players held a high market postion owing to the strong geographical foothold in different regions.

By product,non-mydriatic cameras segment is the most influencing segment. This is attributed to the ability of a non-mydriatic cameras to view detailed retinal anatomy and, thereby, improves the diagnosis and management of eye disorders. In addition, non-mydriatic cameras advancements such as fluorescein imaging, mobility, and live-action systems are expected to drive the market throughout the forecasted years.

The major factor that fuels the growth of the global fundus camera market includes Increasing prevalence of chronic eye diseases, supportive government regulations, and increasing strategic alliances and awareness regarding retinal disorder drive the growth of the global fundus camera market. However, high costs of fundus camera and lack of awareness, low access to eye care in low-income economies is expected to hamper the market growth.

Asia-Pacific is expected to grow at the fastest rate in the forecasted years due to local presence of key players, availability of expert services, and growing medical tourism. Increased awareness in the region about retinal and ocular illnesses, as well as rising awareness about treating diabetic retinopathy, is also driving the fundus cameras market

Fundus camera is used to diagnose various types of retinal disorders such as glaucoma, diabetic retinopathy, retinal detachment, and age-related macular degeneration

mydriatic fundus cameras, non-mydriatic fundus cameras, hybrid fundus cameras, and rop fundus cameras

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Fundus Camera Market

Global Opportunity Analysis and Industry Forecast, 2021-2030