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NORTH AMERICA RETINAL IMAGING DEVICES MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

North America Retinal Imaging Devices Market by Device Type (Fundus Camera, Optical Coherence Tomography, Fluorescein Angiography) Market by End Use (Ophthalmic Center, Hospital, Ambulatory Surgery Center, Other End Uses) by Geography


MARKET OVERVIEW

The North America retinal imaging devices market is predicted to record a CAGR of 5.47% during the forecast period, 2023-2032, and is estimated to garner a revenue of $3129.94 million by 2032.

The retinal imaging devices market growth in North America is attributed to increased healthcare funding and government regulations & programs focused on early detection and preventative treatment. Also, continual advancements in retinal imaging technologies have encouraged their adoption in the region. For instance, high-resolution cameras, adaptive optics, and OCT facilitate the visualization of complicated retinal structures. 

On the other hand, the North America retinal imaging devices market growth is hampered by inadequate reimbursement policies for retinal imaging operations.

North America Retinal Imaging Devices Market

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The North America retinal imaging devices market growth evaluation includes the analysis of the United States and Canada. The aging demographic profile of the United States has contributed to a notable increase in the prevalence of age-related eye conditions, such as macular degeneration and diabetic retinopathy. Consequently, there is a heightened demand for advanced retinal imaging technologies capable of aiding in the early detection, precise diagnosis, and effective management of these ocular disorders.

Furthermore, the escalating incidence of diabetes within the United States has further intensified the need for state-of-the-art retinal imaging solutions. Diabetic retinopathy, a prominent complication of diabetes, mandates regular retinal examinations to enable timely interventions and mitigate the risk of vision impairment. A study featured in JAMA Ophthalmology in 2021 estimated that approximately 9.60 million individuals in the US were afflicted with diabetic retinopathy, with an additional 1.84 million experiencing vision-threatening diabetic retinopathy.

Aligning with these healthcare trends, the adoption of telemedicine and remote healthcare solutions has witnessed a notable surge across the nation. Retinal imaging technology plays a pivotal role in facilitating remote assessments of patients’ ocular health, thereby enabling virtual consultations. This innovative approach empowers healthcare providers to reach individuals in geographically remote or underserved areas, enhancing access to crucial eye care services.

The North America retinal imaging devices market segmentation includes end use and device type. The device type segment includes fundus camera, optical coherence tomography, and fluorescein angiography.

Fluorescein angiography (FA) is a specialized imaging modality employed in retinal diagnostics for visualizing the vasculature and circulatory patterns within the retina and choroid. This procedure entails the intravenous administration of fluorescein, a fluorescent dye, followed by the capture of a sequential image series that tracks the movement of the dye as it traverses the retinal and choroidal vascular systems. Fluorescein angiography furnishes valuable insights into the dynamic vascular processes and pathologies of the retina, serving as a valuable tool for the diagnosis, ongoing assessment, and treatment management of a diverse range of retinal conditions.

The administration of fluorescein dye occurs via intravenous injection into the patient’s arm, typically utilizing a vein. This dye rapidly disperses throughout the circulatory system, swiftly reaching the retinal and choroidal arteries in a matter of seconds. A sequence of images is then obtained using a fundus camera equipped with appropriate filters, capturing the journey of the fluorescein dye through the retinal and choroidal veins. These images provide a comprehensive depiction of the dye’s path, highlighting any areas exhibiting abnormal vascular leakage, obstructions, or deviations in blood flow.

Some of the leading players in the North America retinal imaging devices market are Optos plc, Escalon Medical Corp, Forus Health Pvt Ltd, Heidelberg Engineering GmbH, etc.

Escalon Medical Corp specializes in the distribution and development of high-quality optometric and ophthalmic products. The company’s product line includes different optometric and ophthalmic devices like surgical instruments, diagnostic tools, and ultrasound systems. These accessories address a vast range of needs in eye care, from detecting ocular disorders to executing precise procedures. It is headquartered in Wayne, Pennsylvania, the United States. 

One of its key products, the B-Scan Plus Ophthalmic Ultrasound System, generates cross-sectional images of the eye’s anatomy and helps visualize vitreous opacities and retinal detachments.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($Million)
Segments Analyzed
Device Type and End Use
Countries AnalyzedThe United States and Canada
Companies AnalyzedCanon Inc, Carl Zeiss Meditec AG, Escalon Medical Corp, Forus Health Pvt Ltd, Heidelberg Engineering GmbH, Kowa Company Ltd, NIDEK CO LTD, Optos plc, Santec Corporation, TOPCON CORPORATION

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON RETINAL IMAGING DEVICES MARKET
    5. MAJOR MARKET FINDINGS
      1. RAPID ADVANCEMENTS IN TELEMEDICINE AND REMOTE MONITORING
      2. COLLABORATIVE RESEARCH AND PARTNERSHIPS IN RETINAL IMAGING TECHNOLOGIES
      3. FAVORABLE GOVERNMENT POLICIES AND INITIATIVES
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. RISING PREVALENCE OF OCULAR DISEASES
      2. TECHNOLOGICAL ADVANCEMENTS IN RETINAL IMAGING
      3. RETINAL IMAGING IS ESSENTIAL FOR GERIATRIC CARE
    2. KEY RESTRAINTS
      1. HIGH COSTS OF RETINAL IMAGING DEVICES
      2. SHORTAGE OF SKILLED OPHTHALMOLOGISTS
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
      1. GROWTH PROSPECT MAPPING FOR UNITED STATES
    4. VALUE CHAIN ANALYSIS
  5. MARKET BY DEVICE TYPE
    1. FUNDUS CAMERA
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. OPTICAL COHERENCE TOMOGRAPHY 
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. FLUORESCEIN ANGIOGRAPHY
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY END USE
    1. OPHTHALMIC CENTER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. HOSPITAL
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. AMBULATORY SURGERY CENTER
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. OTHER END USES
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  7. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA RETINAL IMAGING DEVICES MARKET DRIVERS
      3. NORTH AMERICA RETINAL IMAGING DEVICES MARKET CHALLENGES
      4. NORTH AMERICA RETINAL IMAGING DEVICES MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN NORTH AMERICA RETINAL IMAGING DEVICES MARKET
      6. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES RETINAL IMAGING DEVICES MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA RETINAL IMAGING DEVICES MARKET SIZE & OPPORTUNITIES
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. CANON INC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      2. CARL ZEISS MEDITEC AG
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      3. ESCALON MEDICAL CORP
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      4. FORUS HEALTH PVT LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      5. HEIDELBERG ENGINEERING GMBH
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      6. KOWA COMPANY LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      7. NIDEK CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      8. OPTOS PLC
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      9. SANTEC CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES
      10. TOPCON CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCT LIST
        3. STRENGTHS & CHALLENGES

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – RETINAL IMAGING DEVICES MARKET

TABLE 2: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY DEVICE TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY DEVICE TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY END USE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY END USE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: NORTH AMERICA RETINAL IMAGING DEVICES MARKET REGULATORY FRAMEWORK

TABLE 9: KEY PLAYERS OPERATING IN NORTH AMERICA RETINAL IMAGING DEVICES MARKET

TABLE 10: LIST OF MERGERS & ACQUISITIONS

TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING FOR UNITED STATES

FIGURE 4: VALUE CHAIN ANALYSIS

FIGURE 5: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, GROWTH POTENTIAL, BY DEVICE TYPE, IN 2022

FIGURE 6: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY FUNDUS CAMERA, 2023-2032 (IN $ MILLION)

FIGURE 7: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY OPTICAL COHERENCE TOMOGRAPHY, 2023-2032 (IN $ MILLION)

FIGURE 8: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY FLUORESCEIN ANGIOGRAPHY, 2023-2032 (IN $ MILLION)

FIGURE 9: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, GROWTH POTENTIAL, BY END USE, IN 2022

FIGURE 10: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY OPHTHALMIC CENTER, 2023-2032 (IN $ MILLION)

FIGURE 11: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY HOSPITAL, 2023-2032 (IN $ MILLION)

FIGURE 12: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY AMBULATORY SURGERY CENTER, 2023-2032 (IN $ MILLION)

FIGURE 13: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, BY OTHER END USES, 2023-2032 (IN $ MILLION)

FIGURE 14: NORTH AMERICA RETINAL IMAGING DEVICES MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 15: UNITED STATES RETINAL IMAGING DEVICES MARKET, 2023-2032 (IN $ MILLION)

FIGURE 16: CANADA RETINAL IMAGING DEVICES MARKET, 2023-2032 (IN $ MILLION)

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