The report covers forecast and analysis for the ophthalmic ultrasound imaging systems market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the ophthalmic ultrasound imaging systems market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the ophthalmic ultrasound imaging systems market on a global level.
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As per the report, the global demand for ophthalmic ultrasound devices market was valued at approximately USD 2.84 billion in 2018 and is expected to generate revenue of around USD 4.09 billion by end of 2025, growing at a CAGR of around 5.4% between 2019 and 2025.
Worldwide demand for advanced eye care is growing at a rapid pace. Global demand for ophthalmic ultrasound devices is expected to be driven by increasing number of cases of cataract and ocular diseases among geriatric population. Additionally, wide adoption of technologically advanced, innovative and new ophthalmic ultrasound products by the ophthalmologist is expected to be a major factor attributing to the growth of ophthalmic ultrasound devices market. However, high prices of technologically advanced new ophthalmic ultrasound devices and stringent regulatory requirements may act as restraints for ophthalmic ultrasound devices market growth. Emerging countries are expected to bring new growth avenues for ophthalmic ultrasound devices manufacturers.
Based on product, market is segmented into Combined Scan, B-Scan, A-Scan, Ultrasound Bio Microscope (UBM), and Pachymeter. Among the product segment, A-scan also called time amplitude scan ultrasound biometry segment held the largest market share in 2018. It is a routine diagnostic test that provides eye length data which is a major factor in determining common sight disorders. Combination scans offer more than 95% accuracy in the diagnosis of eye disorders and thus combined scan is expected to register highest CAGR over the forecast period.
Based on type, market is segmented into on-platform and portable. On-platform segment held largest market share in 2018 whereas portable type devices segment is expected register highest CAGR over the forecast period. Increasing demand for portable devices is mainly due to its portability, availability of innovative and new devices in the market and increasing preference.
Hospitals end-user segment dominated the market in terms of revenue in 2018 owing to large patient pool and increasing adoption of technologically advanced new products to provide best in class services to patients.
At regional level, North America dominated global ophthalmic ultrasound devices market and accounted for about 42% market share in 2018. North America region is projected to lead the market over the forecast period with progress mostly focused in the U.S. market. Increasing number of geriatric population vulnerable to eye-related problems and surge in diabetic patient population are major factors that attribute to the largest revenue share. Europe was second largest ophthalmic ultrasound devices market in 2018 globally. Growing demand for technological advancement and innovative and new ophthalmic devices are major factors driving the demand for ophthalmic ultrasound devices in Europe. Asia Pacific is estimated to be growing at highest CAGR over the forecast period. This high growth is attributable to increasing aging population in emerging economies such as China and India along with increasing incidence rate of diabetes due to sedentary lifestyle, increasing eye-related disorders, etc.
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Some of the key players in ophthalmic ultrasound devices market includeCarl Zeiss Meditec AG, Ametek, Inc., DGH Technology, NIDEK Co, Ltd., Halma plc, Ellex Medical Lasers Ltd., Optos plc (Nikon Corporation), Quantel Medical (Lumibird), Appasamy Associates, Escalon Medical Corp., and Micro Medical Devices, Inc., among others.
Global Ophthalmic Ultrasound Imaging Systems Market: Product Type Segment Analysis
- Combined Scanning Device
- Ultrasound Biomicroscope
Global Ophthalmic Ultrasound Imaging Systems Market: Modality Segment Analysis
Global Ophthalmic Ultrasound Imaging Systems Market: End-User Segment Analysis
- Ophthalmology Clinics
- Ambulatory Surgical Centre
- Eye Research Institutes
Global Ophthalmic Ultrasound Imaging Systems Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This post was originally published on The Picayune Current