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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ophthalmic Ultrasound Systems Market
Request Now !One of the oldest modalities used in imaging is known as ultrasound. Sound waves are released in the body, and the returning echoes can be elucidated. It has been used broadly as it is used easily on bedside. This helps to avoid the patient from getting exposed to the ionizing radiation. This technique has been used in various fields such as gynecology, obstetrics, and cardiology. However, there have been limitations when it comes to its application in ophthalmology. In recent years, various upgrades are introduced that help ultrasonic rays to be used as a powerful tool in the assessment of ophthalmic pathology. This helps to create new and high detailed 3D reconstructions and images where manual scanning is not required.
COVID-19 scenario analysis:
Increase in frequencies of eye diseases; prevalence of disorders, such as glaucoma and cataract, are affecting the daily life of patients gradually increases the need for ophthalmic ultrasounds; and rise in new technological platforms that provide reliable, safe, accurate images are the major factors propelling the growth of the Ophthalmic Ultrasound Systems Market.
Many manufacturers have been funding R&D activities for upgrades and innovation in the diagnostic and surgical platforms, which ultimately increase the demand for devices from both the patients and the hospital's end. Rise in cases of diabetes; new and technologically upgraded devices at inexpensive prices; awareness of cataract surgeries; initiatives and other programs that help with devices’ usage in clinics and hospitals; acquisitions & mergers by various key players are the other factors affecting the growth of the  . Moreover, rise in new devices at a substantial rate and strict rules & regulations are the major challenges faced by the Ophthalmic Ultrasound Systems Market. Additionally, there is a long approval timeline from the FDAs due to stringent policies, which leads to expensive cost by the medical devices’ manufacturers.Â
On May 6th, 2019, Ellex Medical Lasers Ltd. introduced its new technology of Eye Prime diagnostic ultrasound, which helped in pathology evaluation, The U.S. Food and Drug Administration gave approval for the same. On March 9th, 2018, the U.S. Food and Drug Administration (FDA) approved Quantel Medical for its Next-Generation Compact Touch Ophthalmic Ultrasound Platform. On February 7th, 2017, Rauland-Borg Corporation was acquired by Ametek, Inc. which helped to raise the strength of intelligent technology solutions.
Hospitals, eye research institutes, ambulatory surgical centers, and ophthalmic clinics are part of the Ophthalmic Ultrasound Systems Market. Among them, hospitals are the biggest end-users in the market. This is due to the support of the government and the high rise in patient pool. Government initiatives and other programs, such as upgrades, in the eye care in different regions drive the demand for ultrasounds in hospitals.
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Questions answered in the Ophthalmic Ultrasound Systems Market research report:
Ophthalmic Ultrasound Systems Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Report Highlights
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Key Market Players | Ametek, Inc., Carl Zeiss Meditec AG, Halma plc, NIDEK CO., LTD, Ellex Medical Lasers Ltd, Quantel Medical (Lumibird), Optos plc (Nikon Corporation), Escalon Medical Corp., Appasamy Associates, Micro Medical Devices, Inc. |
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