The global Ophthalmoscopes Market is estimated to be valued at US$ 246.4 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:-
Ophthalmoscopes are medical instruments used by eye care professionals to examine the interior structures of the eyes. There are different types of ophthalmoscopes available such as direct ophthalmoscopes, indirect ophthalmoscopes, and handheld ophthalmoscopes. Handheld ophthalmoscopes provide greater portability and convenience for basic eye examinations.
Market key trends:-
The growing demand for portable healthcare devices and increasing adoption of handheld ophthalmoscopes are some of the key trends propelling the growth of the ophthalmoscopes market. Handheld ophthalmoscopes are witnessing high demand as they enable examination of eyes anywhere and anytime without the need for additional equipment. Their small size and ability to run on battery power makes them highly preferred by optometrists and eye care professionals for point-of-care examinations. In addition, technological advancements aimed at integrating digital cameras with handheld ophthalmoscopes to facilitate telemedicine and sharing of patient records is further augmenting the demand. Growing eye diseases burden globally due to aging population and increasing lifestyle disease is also fueling the need for routine eye screening and examinations driving market growth.
Segment Analysis:-
The global ophthalmoscopes market is dominated by direct ophthalmoscopes due to their cost-effectiveness and easy handling. Direct ophthalmoscopes allow examination of the retina by direct wide-field visualization. They are most commonly used by primary care physicians and optometrists to perform basic eye exams. Indirect ophthalmoscopes require additional lenses but provide higher magnification and a broader range of inspection. These are predominantly used by ophthalmologists for more detailed examination and diagnosis of eye disorders.
Key Takeaways:-
The Global Ophthalmoscopes Market Size is expected to witness high growth, exhibiting a CAGR of 4.7% over the forecast period, due to increasing prevalence of eye diseases such as cataracts, glaucoma, diabetic retinopathy and age-related macular degeneration.
Regional analysis
North America is expected to dominate the global ophthalmoscopes market over the forecast period due to high healthcare expenditure and growing geriatric population in the region which is more prone to developing eye disorders. The Asia Pacific region is expected to exhibit the fastest growth due to increasing medical tourism, favorable government initiatives and growing awareness about eye care.
Key players
Key players operating in the ophthalmoscopes market are Custom Ultrasonics, Inc., EndoMed Systems GmbH., Fujifilm Holdings Corporation, PENTAX Medical Company, Ambu A/S, Medline Industries, Inc., Heine USA Ltd., US Ophthalmic, Welch Allyn, Hill-Rom Holdings Inc (Hillrom), Dino-Lite Europe, HONSUN Group, Rudolf Riester GmbH, IRIDEX Corporation, Zumax Medical Co., Ltd., Oscar Boscarol S.r.l., Suzhou Kangjie Medical Inc., NIDEK Inc., and KIRCHNER & WILHELM GmbH Co. KG. These players are focusing on new product launches and mergers & acquisitions to strengthen their market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it